0
It gives people a large sum of money in a short amount of time so that they can make large purchases when they need it, such as a house, car, new business etc. Then allows them to pay it back a little at a time so as not to crush them in debt.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
Is bank loan an asset?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
What will be journal entry if a bank gives loan?
bank a/c dr to bank loan a/c
I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
How can one have a personal loan from a bank?
To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.
What is easier to pay car loan or bank loan?
bank loan
What are the importance of a bank current account to a trader?
High interest rate, Overdraft, access to long and medium term loan
What is loan boarding?
when a loan is been transfered fron bank to another. . .the bank which the loan is transfered to board the loan. .
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
Is bank loan an asset?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
What are the rules for getting a loan from Dubai Islamic bank?
how to get a loan to your bank if my bank now is not DIB
What will be journal entry if a bank gives loan?
bank a/c dr to bank loan a/c
I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
How can one have a personal loan from a bank?
To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.
What is bank loan?
A bank loan is money that is owed to a lending institution. This can be, for example, a bank or a credit union.
Is there a limit to what you can loan froma a bank?
Yes, there is a limit to which one can loan from the bank
How do you record a bank loan in accounting?
Debit cash / bankCredit loan from bank
