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Loans

Money lent to individuals or businesses in return for interest in addition to repayment of principal. Common types of loans include commercial loans, interbank loans, mortgage loans, and consumer loans.

13,117 Questions

What is fe-25 loan?

Fe-25 is the Trade Loan facility for exporters and importers, for detail click the following link:

http://www.sbp.org.pk/epd/2002/FECL5.htm

What is money loaned?

There are different kinds of services where you can borrow money: payday loans, credit union, banks and other financial institution. So loan money is mostly the same as borrow money. Make sure to be smart with your borrowing and use it only in case of emergency. I would suggest you to borrow for a short-term, this way you will be able to get rid of your debt faster. Good luck with loaned money!

How do you write a letter to thank bank manager for loan sanction?

To write a letter to thank the bank manager for loan sanction you have to make it official.

Can you get a student loan if you are under eighteen?

no because you have to be 18 and up to get a student loan and you only get a student loan when your in collage so when you get in collage ask about the student loan you also have to pay for the collage and they pay you as you go in and through out the year so i hope this help you

How can you get a business loan?

Contact the Small Business Administration and ask them to provide you a list of retired business executives in your area that they work with on a repeat basis. These retired executives work for free or close to free. They will teach you how to build the basic structure of your new business, how to organize and market your product and most importantly, how to start working with a simple bookkeeping system that will help you keep track of EVERY single penny that comes into or out of your company each day. By having all of these details readily available, your bank will likely JUMP at the chance to lend you money, even if you are losing money right now.

If my car was repossessed can i get another auto loan?

Yes, but it might have to be a place that carries their own paper-which means more interest if no one else will do it. It also depends on circumstances. (Was it voluntary)

Can you stop paying on a auto loan because your vehicle has mechanical problems?

The answer to that is no. They can still take the car if you don't make the payments or keep it insured. The best bet is to call the lender andlet them know you're going to be late on your payments. Lenders would rather use repossession as a last resort.

Are mortgage payments deductible?

In a most typical mortgage scenario, there are three portions to each payment. These are calculated by the escrow company at the origination of the loan and are recalculated annually. But most home owners just think of the monthly check they have to write as their "mortgage payment".

The three portions are:

- an amount that goes towards repayment of principal (this portion is usually very small in the first few years of the mortgage)

- the interest on the loan (this portion is usually the largest)

- the impounds collected by the escrow company to pay, twice a year, your property taxes and home owner's insurance on your behalf.

The loan interest and the property taxes paid during a year are deductible. Therefore, in practical terms, the mortgage payments can be thought of as deductible. Just don't go multiplying your monthly mortgage payment by 12. Your loan servicer usually mails you a statement in January with two numbers: interest collected and property taxes paid in the past year. Those are the numbers you need for your tax return.

Where do you go to get a loan with bad credit?

In the current economy, there are few options for those having poor credit profiles. However, there are some options that, if one is in particular need, may be undertaken as follows (in order of expense):

* Borrowing money from a friend (friends will usually lend small amounts to other friends)

* Having a friend co-sign a loan (if your friend has a better credit profile than you, they may be willing to take some of the risk of you taking a loan)

* Using an existing credit card (if you have credit cards and they have not been cancelled or the lines have not been maxed out, they function well as a source for short-term need)

* Auto Title Loan (if you own your vehicle and need a short-term loan, you may pledge your auto title against a loan)

* Payday Loan (if you have a job with provable income, you will be able to get a short-term payday loan)

However, for all of the above, you should always be determining what made your credit bad in the first place and take steps to clean up the "badness" so your are in a better position in the future.

Is there a difference between a reverse mortgage and a reverse annuity mortgage?

The terms are similar and both relate to reverse mortgages, however a reverse annuity mortgage often refers specifically to reverse mortgages where the borrower chooses to receive monthly payments from the lender rather than getting a lump sum of cash upfront or a line of credit.

1 billion dollars equals to how many crores?

1 million = 10 lakh

1 billion = 1000 million = 1000 * 10 lakh = 100 crore

currently 1 $=61.52 so

1 billion $ = 100 crore* 61.52= 61,52,00,02,000

However, exchange rates change everyday.

Do you have to insure your home for more than the mortgage balance?

To the insurance company, your mortgage balance has no impact on how much insurance coverage you need for your home. Homeowners insurance is based on the replacement/reconstruction cost of your home.

How much do you have to make to qualify for a 150000 home loan?

Given that a reasonable estimate of the price of a home should not exceed 2 1/2 times your income, you would need a $60,000 annual income to purchase a $150,000 home.

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.

Does homeowners insurance have to include second mortgage?

Yes you need to include your 2nd mortgage. The reason is because they have an interest in your property. They must protect themselves, in case their is a total loss or significant loss.

Who is the CFO of JPMorgan Chase and Co.?

The current CFO of JPMorgan Chase & Co. is Michael J. Cavanagh.

Can you return a loan before using it?

It would depend on the loaner, the loan terms, and how long it's been since you got the loan, but I would probably say yes if it were within a reasonable time frame. You should ask the loaner and/or look at the terms in detail.

Where can you get mortgages from?

A mortgage can be acquired through lenders and banks that allows individuals to get such mortgage provided they qualify for the requirements lenders / banks are looking for people applying for a mortgage.

What if the chapter 13 is dismissed?

By law, the debtor has a maximum of 30 days to begin the payments. Even if the plan is as yet unconfirmed by the court, the debtor must begin. If any adjustments to the plan occur later, the payments must be adjusted. Now, we come to the scenario: what happens if a payment is missed?

The court can dismiss the petition. The debtor loses the automatic stay. The creditors can begin collection procedures. The creditors can foreclose on loans. The creditors can request account seizures.

By law, the debtor can petition the courts to maintain the bankruptcy, or re-file (at debtor cost). But, as always, communication, communication, communication is the greatest tool a debtor has with his or her lawyer and the trustee. As soon as the debtor knows that a payment to the trustee is going to be missed or fall short in amount, the debtor must contact both the lawyer and the trustee. The debtor will do well to have a plan to catch up very quickly. Does the trustee have to accommodate the debtor? Not in the least. Might the trustee somehow accommodate the debtor? Yes. Debtors must realize that the trustee is obligated to the courts for exemplary execution of assigned tasks. The trustee is NOT on the debtor's side. Again, here is where the trust meets reality. The debtor submitted and agreed to the plan. Failure is really not an option.

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Related Legal TermsCHAPTER 7, BANKRUPTCY, CHAPTER 13, INDEFINITE PAYMENT, CHAPTER 11, IMPUTATION OF PAYMENT, CHAPTER SEVEN, INVOLUNTARY BANKRUPTCY, ADJUDICATION OF BANKRUPTCY, CASE DISMISSED

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Getting a Large Personal Loan When Having Bad Credit

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Disclaimer

Law Dictionary: What Happens When Chapter 13 Bankruptcy is Dismissed for Non-Payment?

Why do banks only lend money when you have assets that are as valuable as the loan?

Usually banks do not expect you to pledge assets that equal the value of the loan if you have a good job and earning capacity and a good credit history. However, they may ask you to pledge assets in case your job is unstable or your credit history is bad.

This is because, the bank would need some kind of assurance that, even if you stop earning or repaying your loan, they have some means of recovering the money they are going to lend you as part of the loan.