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Special Mention Account also known as SMA are loans which are overdue for payment minimum 2 month
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∙ 10y ago
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Can I get a loan if I don't have a bank account?
No. Even if you qualify for a loan by means of age or employment or income, the bank will ask you to first open a bank account before you are granted a loan. so, in order to get a loan you need a bank account.
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
Can loan companies take money from my bank account even if i havent taken out a loan with them?
Loan companies normally can't take money from your account if you haven't taken out a loan with them. However, some loan companies send checks to people as ads. If you cash the check, you're taking out a loan and the company can take money from your account.
Can you get a payday loan with a savings account?
No! You must have a credit account!
Where can you get a loan without a bank account?
no where !
How does a loan account becomes NP account?
WHEN A LOAN ACCOUNT BECOME np ACCOUNT
What does OAEM stand for?
Other Assets Especially Mentioned, or simply, "Special Mention". - It is a loan risk rating category between "Pass" and "Substandard".
What does account duration mean in a loan?
what does account durration mean when getting a loan
Journal Entry for purchase of vechile on loan loan from finance co?
Bank account DR To Loan account
What is the entry for bank loan account?
Debit Bank Account - Assets Credit Bank Loan Account - Liability
Where can you get a loan in Dubai without having an account?
One cannot get a loan in Dubai without having an account. The best bet is to open an account and then apply for the loan after the account has been open for a few months.
Is loan account real nominal or personal?
Loan account is a personal account in nature so increase with debit and decrease with credit.
Can I get a loan if I don't have a bank account?
No. Even if you qualify for a loan by means of age or employment or income, the bank will ask you to first open a bank account before you are granted a loan. so, in order to get a loan you need a bank account.
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
Can you get a loan with a saving account?
No! You must have a credit account!
Can loan companies take money from my bank account even if i havent taken out a loan with them?
Loan companies normally can't take money from your account if you haven't taken out a loan with them. However, some loan companies send checks to people as ads. If you cash the check, you're taking out a loan and the company can take money from your account.
Can you get a payday loan with a savings account?
No! You must have a credit account!
