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It is very difficult to get a bank loan if you are unemployed. A bank is going to want you to have a way to pay back the money you borrow so they are going to be very wary of lending money to someone without a steady source of income. If you have no money coming and are in need a loan a good place to turn to would be a pawn shop. You can trade your items for a short time and when you have money coming in you can buy them back again.
What else can I help you with?
How much capital does a bank need?
as much as they can get The legal requirement for capital is to have no less than 8% of a bank's risk-weighted assets. Assets are loans and reserves. So the amount of loans a bank may make has nothing to do with deposits but is a multiple of its amount of capital.
What does the bank do with the money that they put into your account?
Two things. First, they record how much is supposed to be there, so when you come to withdraw some they'll know how much you can. Then they make loans with some of it. The interest from the loans, and fees for various services they provide, are the bank's income.
Does Whitney Bank offer personal and business loans?
All banks pretty much offer personal and business loans. Whitney bank offers the same services as every other bank,except they are online only, which may be weird for some people.
What banks offer Jumbo Mortgage Loans?
Some banks that offer jumbo mortgage loans include Citizens Bank, Union Bank, and Bank of America. You can also visit the website Bankrate to locate a mortgage rate calculator to learn how much you can afford in your loan.
Will your check go through if you are short of funds?
This depends on how much money you have in your accounts at the bank. Banks will often provide overdraft loans (for a fee) if you have other collateral with the bank.
What is a bank loan officer?
an officer who watches how much you take out in loans and what you still owe in loans.
How much capital does a bank need?
as much as they can get The legal requirement for capital is to have no less than 8% of a bank's risk-weighted assets. Assets are loans and reserves. So the amount of loans a bank may make has nothing to do with deposits but is a multiple of its amount of capital.
What does the bank do with the money that they put into your account?
Two things. First, they record how much is supposed to be there, so when you come to withdraw some they'll know how much you can. Then they make loans with some of it. The interest from the loans, and fees for various services they provide, are the bank's income.
Is anyone underwriting home construction loans anymore?
This area is at a virtual standstill. I work for a well known bank and we still write these loans but it is on a much smaller scale. The people who do gets the loans are well know customers of the bank with stellar credentials and not prone to default. So while it may be difficult to get one it can be done but you will need lots of perseverance and mighty convincing skills to a sympathetic banker.
Does Whitney Bank offer personal and business loans?
All banks pretty much offer personal and business loans. Whitney bank offers the same services as every other bank,except they are online only, which may be weird for some people.
How many bank loans do i get at the beginning of The Game of Life?
If you decide to go to college you start off with 5 bank loans. If you decide to go straight to a career you start with no debt, however your job makes much less.
What banks offer Jumbo Mortgage Loans?
Some banks that offer jumbo mortgage loans include Citizens Bank, Union Bank, and Bank of America. You can also visit the website Bankrate to locate a mortgage rate calculator to learn how much you can afford in your loan.
Suppose a bank has 500000 in deposits a required reserve ratio of 5 percent and bank reserves of 100000 Then the bank can make new loans in the amount of how much?
required reserves is 25,000. the bank has excess reserves of 75,000, they can loan out everything but the required reserves so assuming they have no loans, they can loan up to 475,000.
Will your check go through if you are short of funds?
This depends on how much money you have in your accounts at the bank. Banks will often provide overdraft loans (for a fee) if you have other collateral with the bank.
What is the loan to deposit ratio of the bank?
The loan to deposit ratio of a bank is a measure of how much money the bank has lent out compared to how much it has in deposits. It is calculated by dividing the total loans by the total deposits. A higher ratio indicates that the bank is lending out more money relative to its deposits.
How does an unemployed parent get a student loan for a child?
Go to FAFSA and create an account and they will guide you through much. Also, look to your individual state for student loans, most states offer loans to students who did good in school. Asking your child's school counselor is a great way to find out about loans and also scholarships that may be applied to your child.
Where can Canadian people get loans?
Canadian people, much like nearly every one else in this world, can obtain loans by going into a bank, filling out the paper work, and then getting approved for the loan.
