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Difference between a bank loan and a bank overdraft?
A bank loan is a note that is repaid over years. A bank draft is only used when you don't have the funds in your account.
What is a purchase loan?
A home-financing technique in which buyer borrows from the seller instead of, or in addition to, a bank. Sometimes done when a buyer cannot qualify for a bank loan for the full amount. also called seller financing or owner financing.A purchase loan is a loan that is used to purchase something. With this in mind some common types of purchase loans include car loans as well as home loans.
What are equity loan mortgages used for?
Equity loan mortgages can be used for almost anything that the bank that is financing the loan has agreed they can be used for. The homeowner must make sure they know their home is at risk if they do not repay as they have agreed.
Can bank file criminal complaint for business loan default?
If it was a normal default, then they couldn't/wouldn't... but if there are criminal circumstances surrounding the loan, for instance if the bank finds out the loan was given based on lies by the person applying for the loan, or the money was used in a criminal endeavor, then of course they can file a criminal complaint.
What types of person qualifies for a no income verification loan?
A no income verification loan is one that would generally be used by an individual that is self employed. Statements of their earnings and bank records are used to prove that payments can be made on the loan.
Difference between a bank loan and a bank overdraft?
A bank loan is a note that is repaid over years. A bank draft is only used when you don't have the funds in your account.
What is a unsecured home improvement loan?
Loan given by bank without security (meaning: Home equity is not used by bank)
Full form of NABAD?
The acronym, NABAD, is an abbreviation that means National Bank for Agricultural and Rural Development. This an abbreviation that is used for a bank in the country of India.
What journal should be used to record borrowed cash from a bank?
[Debit] Cash / bank [Credit] loan from bank
Where could I get an auto loan for a used Corvette in Worcester, Mass.?
The first suggestion is to go your local bank and ask for a loan, banks like to loan to people they know. The second suggestions is TD Bank, they are a North East bank and can help.
Who do I contact to obtain a Loan Release Letter for my Jeep Liberty?
Contact the bank or the loan company that you used to get the loan release letter.
What is a purchase loan?
A home-financing technique in which buyer borrows from the seller instead of, or in addition to, a bank. Sometimes done when a buyer cannot qualify for a bank loan for the full amount. also called seller financing or owner financing.A purchase loan is a loan that is used to purchase something. With this in mind some common types of purchase loans include car loans as well as home loans.
Where can I go to obtain a used car loan?
If you are interested in getting a used car loan, there are many companies who offer this. You can visit your own personal bank or you can go to a loan/banking websites such as Bank of Canada and carloan. You will need to have good credit and job to be approved.
What are equity loan mortgages used for?
Equity loan mortgages can be used for almost anything that the bank that is financing the loan has agreed they can be used for. The homeowner must make sure they know their home is at risk if they do not repay as they have agreed.
What online bank offers the best used car loan rates?
Most of the major banks are good for used card loan rates. Nationwide, Allstate, and Bank of America give you very good rates for a buying a used car.
Can bank file criminal complaint for business loan default?
If it was a normal default, then they couldn't/wouldn't... but if there are criminal circumstances surrounding the loan, for instance if the bank finds out the loan was given based on lies by the person applying for the loan, or the money was used in a criminal endeavor, then of course they can file a criminal complaint.
What types of person qualifies for a no income verification loan?
A no income verification loan is one that would generally be used by an individual that is self employed. Statements of their earnings and bank records are used to prove that payments can be made on the loan.
