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taking a loan

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12y ago

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Related Questions

Where can you find out about borrowing money?

There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.


Difference between bank rate and PLR?

BANK RATE--- bank rate is rate which is used for lending or borrowing in call money market (One bank lends to or borrows from other banks for intra day) PLR-- Rate is benchmark rate for banks.


Is bank overdraft a secured or unsecured borrowing?

yes


What interest rate does a bank pay when borrowing reserves from the Fed?

The interest rate that a bank pays when borrowing reserves from the Federal Reserve is called the federal funds rate.


Is borrowing money from a bank an investing activity?

yes


What do you call a charge for borrowing money?

a debtor with a dick


What are the disadvantages when a commercial bank is borrowing from the FED?

It's over 9000.


What do you call the fee charged for borrowing money?

Interest.


How much interest does a bank charge when borrowing money?

The amount of interest that a bank charges when you take a loan from them varies greatly. Every bank is different, and even in a specific bank rates can be different. A personal loan to a car loan will have different rates. Your best bet is to call your local bank and ask them the rate for the specific loan you need.


Difference between bank loan and bank overdraft?

These two terms are different.For a bank overdraft, you should have an account with the bank and it is a limit on borrowing on a bank current account. With an overdraft the amount of borrowing may vary on a daily basis.A bank loan is a fixed amount for a fixed term with regular fixed repayments. The interest on a loan tends to be lower than an overdraft.


What is callable capital?

Callable capital is that portion of subscribed capital stock subject to call only as and when required by the Bank to meet its obligations on borrowing of funds for inclusion in its ordinary capital resources or guarantees chargeable to such resources. In the event of a call, payment must be made by the shareholder in the currency required to discharge the obligation of the Bank for which the call was made. Callable capital is available to protect the Bank's creditors - mainly investors in the Bank bonds and holders of guarantees - in the unlikely event of a large-scale default by the Bank's borrowers.


What are the principles of online checking?

The principles of online checking are borrowing and and saving at a bank institution. This is done at your bank branch with your account that you have there.