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What else can I help you with?
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
What is loan recovery?
When a loan has been taken by a person from a bank then he has to repay it according to the EMI fixed by the bank but if the person has failed to pay the EMI regularly for a fixed period then the account is named as NPA and after that bank start recovery procedure means to take back his loan amount from the mortgaged property of the person according to the procedure of SECURITISATION ACT.
What if my client doesn't pay a loan back?
Here are some of the effect:1. When anyone doesn't pay the bank loan their credit score goes down. Since they do not get a loan next time.2. The recovery team will recover the loan amount.3. Pan Card will be blocked for the tenure period.
What is the annual mortgage constant for a 10 percent loan with a 25 year amortization?
Please define what you mean by "constant". Thank You!
Define collateral security?
Collateral security is extra security provided by a borrower to back up his/her intention to repay a loan.
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
Is it the same meaning of credit and loan?
No. A loan utilizes one's credit, but the loan does not define one's credit capability.
How would you define concurrency and recovery?
Concurrency is when computer science and the system works together. Recovery is taking the time to heal.
What are the Duties of a recovery loan officer?
Loan Recovery Officers are responsible for managing non working loans in order to preserve capital. These officers understand borrower problems and can identify and resolve problems with unpaid loans.
Can foreclosure costs be added to loan balance?
Depends on wether collection costs included in loan docs for recovery & agreed upon by you.
What is a sentence for lacklustre?
The lacklustre economic recovery will keep loan demand weak.
Why a banker needs accounting information?
Most likely to determine the likelihood of loan or investment recovery.
