Basically, you may need to re-apply. The existing loan approval was based upon many factors, including your income and expenses at the time of origination. In order to get this process going, you need to have this discussion with your bank or lending institution. Chances are, they have all the answers that you need to know.
Not necessarily
The bank can raise a legal complaint against you. If you have any property attached to the loan as collateral, the bank can take possession of them and try to recover their money from it. If you have any guarantors attached to the loan, the bank would approach them to recover their money from them. If nothing works out, finally they can have you jailed for defaulting on your loan repayment
In order to raise capital for a business, the best place to look is at a bank or building society for a startup or business loan and this can be done online on the bank's website.
What is the difference between bank loan and bank credit?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
Not necessarily
The bank can raise a legal complaint against you. If you have any property attached to the loan as collateral, the bank can take possession of them and try to recover their money from it. If you have any guarantors attached to the loan, the bank would approach them to recover their money from them. If nothing works out, finally they can have you jailed for defaulting on your loan repayment
bank loan
In order to raise capital for a business, the best place to look is at a bank or building society for a startup or business loan and this can be done online on the bank's website.
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 bank loan and bank credit?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
bank a/c dr to bank loan a/c
how to get a loan to your bank if my bank now is not DIB
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.
A bank loan is money that is owed to a lending institution. This can be, for example, a bank or a credit union.
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.