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sure but they will charge you higher interest rates and which will be put you in horrible conditions, so i suggest you should go with online sources there are many websites regarding car loans and also they can provide you car loans even with low credit and no credit and also with low interest rates, so try them and you could get your problem resolved.
What else can I help you with?
Do commercial banks make loans?
Yes, it is a major source of a banks income.
Do commercial make loans?
Yes, it is a major source of a banks income.
What are the general objectives of banks?
To collect deposits from people and grant loans to other people and make an income out of it.
Can you take out two loans from different banks?
Yes you can. As long as you have enough income to pay off the loans that you take from two different banks you can very well get them. Banks will always check if you have any existing loan commitments with other banks, but if your income is high enough to meet the monthly repayments for the loans, they will eventually give you the loan.
When banks make loans the money supply increases or decreases?
When banks make loans, the money supply increases, since the people who receive these loans will have more money.
What is the difference charged by banks on loans and the interest paid on the money deposited?
It is the income for the bank. Banks charge loan customers an interest whereas they pay an interest to deposit customers. The difference in interest rate is the income for the bank. They will use that for their operating expenses as well as to make a profit.
How do banks use deposit?
to make loans Investments, loans, mortgages, and of course salaries for the staff.
What is the main way that banks make money?
Banks primarily make money through the interest rate spread between what they pay on deposits and what they charge on loans. When customers deposit money, banks pay them interest, which is typically lower than the interest they charge borrowers. Additionally, banks earn fees for various services, such as account maintenance, transaction processing, and investment management. This combination of interest income and fee-based income constitutes the main revenue stream for banks.
What does a bank use to make loans?
A bank uses the deposits it receives from customers, along with other sources of funds such as interbank loans and capital, to make loans. These funds are pooled and then lent out to individuals and businesses at interest rates, which generate income for the bank. Additionally, banks assess the creditworthiness of borrowers to manage risk and ensure repayment.
Where do banks get the money to make loans?
Banks may get money to make loans, by the following ways: a. Use their Capital Reserves b. Accept Deposits from customers c. Borrow money from other banks d. Borrow money from the central bank
Did Clinton make the banks give subprime loans?
no, encouraged maybe, but not forced.
Is a minor permitted to make deposits in banks and in savings and loans associations?
yes
