Have you ever applied for bank loan?

Have you ever applied for bank loan?
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I have taken loan from banks many times and I trust there are different types of loan and same way different conditions of loan popularly known or tagged as terms of loan. There are loans that attract interest and also some that does't attract interest at all. So there are different types of bank,commercial banks, microfinance banks and islamic banks.. The Islamic bank is the only bank that doesn't request interest as a condition. The only requirements is the person must be a member or customer of the bank and mist have atleast 10% of the actual loan he/she is requesting. Another condition the customer must have tangible reason for the loan and means of repaying the loan. All this conditions is same with microfinance banks and even other commercial banks except that certain percentage of interest will be added. And failure to pay back will attract forfeiture of the collateral.
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Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at the account end of the second year preceding the year in which the loan is applied for. c) The loan is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Description : Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at ... is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Last Answer : d) All the above

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Description : "Loan declared a loss" by bank?

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Should I go with my bank or a broker for a home loan?

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Which bank gives long term loan to farmers? -Do You Know?

Description : Which bank gives long term loan to farmers? -Do You Know?

Last Answer : answer:

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Description : Which is the best bank for a personal loan in India?

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Which country has taken the most loan from World Bank ?

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Verified non-bank loan

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Last Answer : Difficult life situation? What is it ? Do you even have food? Do you have a place to live? These questions always occur to me when I hear about a difficult life situation, because often one ... I have always followed that and I have never been insolvent. Consider again if this is really necessary.

which is better, a loan from life insurance policy or a bank?

Description : which is better, a loan from life insurance policy or a bank?

Last Answer : Need Answer

(i) 10 years loan taken from bank by organisation is __________ term loan.

Description : (i) 10 years loan taken from bank by organisation is __________ term loan.

Last Answer : Complete the following sentence : (i) 10 years loan taken from bank by organisation is __________ ... ) Loss on sale of old machine is ________loss.

What describes the goal of the world bank loan?

Description : What describes the goal of the world bank loan?

Last Answer : Their mission statement is what they want for publication, butlike all banks to make as much money as possible is what they arereally after

What is a business unlikely to be able to secure a bank loan to fund its operations without?

Description : What is a business unlikely to be able to secure a bank loan to fund its operations without?

Last Answer : A stable operating history

If the federal reserve buys a treasury bond from a bank what will be the effect on interest rate the bank charges its customers for a loan?

Description : If the federal reserve buys a treasury bond from a bank what will be the effect on interest rate the bank charges its customers for a loan?

Last Answer : The interest rates will decrease since there are more available funds for the bank to loan.

How To Prepare for a Bank Loan Application?

Description : How To Prepare for a Bank Loan Application?

Last Answer : Consumers are often disappointed when they are turned down for a bank loan, and the simple fact of the matter is that many common mistakes are to blame for the decline. Even individuals without ... stability and an ability to repay the amount that is borrowed. Pay stubs are often required, bu

What type of a credit rating will I need to get a standard bank loan?

Description : What type of a credit rating will I need to get a standard bank loan?

Last Answer : You need to have a score over 700 to get a standard loan like for a car or house. You might ned less for a small personal loan.

Can I get a home equity loan from a Texas bank if I live in another state?

Description : Can I get a home equity loan from a Texas bank if I live in another state?

Last Answer : You should be able to get a home equity loan if you live in another state. The most important factor is your credit rating.

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Description : can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?

Last Answer : Yes, a REO seller can charge a buyer per diem interest when the buyer is using an FHA loan. A per diem fee can be around $150 per day.

What bank will give me a loan to pay off the debt I accumulated in college?

Description : What bank will give me a loan to pay off the debt I accumulated in college?

Last Answer : Banks such as Bank of America and Fidelity are very good at handing out loans that can be used towards college debts and school tuition, as they have good return policies.

What is the purpose of an SBA bank loan?

Description : What is the purpose of an SBA bank loan?

Last Answer : To learn the purpose of an SBA bank loan contact your local SBA bank and ask about their loans and rates You can also check out their site for more information on SBA bank loans

Which bank is best for a personal loan in the USA?

Description : Which bank is best for a personal loan in the USA?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

Which bank is best for a personal loan in the USA?

Description : Which bank is best for a personal loan in the USA?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

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Description : Which among (he following is not the outcome of decrease in prime lending rate? (1) to raise the bank loan (2) decline in saving rate (3) decline in productivity (4) increased demand of consumer products

Last Answer : (3) decline in productivity Explanation: Prime rate or prime lending rate is a term applied in many countries to a reference interest rate used by banks. The term originally indicated the rate ... falls to meet the new lower demand. Less output requires fewer worker, driving unemployment higher.

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Last Answer : (3) Central Bank of Country lends money to the commercial banks Explanation: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and ... reserve bank, while the repo rate is the rate at which the banks borrow from the central bank.

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Last Answer : C. Consumer Durable loan Explanation: Consumer Durable loan is a finance option for purchase of (White Goods) household items like Washing Machines, Refrigerators, AC, LED, LCD, Microwaves etc.

Which of the following has approved $500 million loan for bridge over Ganga River in Bihar? A) World Bank B) Asian Development Bank C) International Monetary Fund D) European Development Bank E) None of these

Description : Which of the following has approved $500 million loan for bridge over Ganga River in Bihar? A) World Bank B) Asian Development Bank C) International Monetary Fund D) European Development Bank E) None of these

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Which of the following has approved $500 million loan for bridge over Ganga River in Bihar? A) World Bank B) Asian Development Bank C) International Monetary Fund D) European Development Bank E) None of these

Description : Which of the following has approved $500 million loan for bridge over Ganga River in Bihar? A) World Bank B) Asian Development Bank C) International Monetary Fund D) European Development Bank E) None of these

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Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

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A trad-able form of loan is normally termed as ________ A. Certificate of Deposit (CD) B. Inter Bank term Money C. Bill Re-discounting D. Debt Instrument E. None of the Above

Description : A trad-able form of loan is normally termed as ________ A. Certificate of Deposit (CD) B. Inter Bank term Money C. Bill Re-discounting D. Debt Instrument E. None of the Above

Last Answer : D. Debt Instrument Explanation: A trad-able form of loan is normally termed as a Debt Instrument. They are usually obligations of issuer of such instrument as regards certain future cash flow representing Interest & Principal, which the issuer would pay to the legal owner of the Instrument.

An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above

Description : An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above

Last Answer : A. Current Account Explanation: An EEFC(Exchange Earners‘ Foreign Currency Account) account can be held only in the form of a current account. No interest is payable on EEFC accounts.

Which of the following is/are the loan product(s) of Bandhan Bank? A. Agri loan B. MSME loan C. Retail loan D. Both (A) and (C) E. All of the Above

Description : Which of the following is/are the loan product(s) of Bandhan Bank? A. Agri loan B. MSME loan C. Retail loan D. Both (A) and (C) E. All of the Above

Last Answer : E. All of the Above Explanation: Products of Bandhan Bank includes Agri loan, MSME loan, Retail loan and Micro loan.

Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Description : Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Last Answer : A. Assets Explanation: Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Anything tangible ... to produce value and that is held to have positive economic value is considered an asset.

.Which of the following fee arrangements is in violation of the Code of Professional Conduct? a. A fee based on whether the CPA's report on the client's financial statements results in the approval of a bank loan. b. A fee based on the outcome of a bankruptcy proceeding. c. A fee based on the nature of the service rendered and the CPA's particulaexpertise instead of the actual time spent on the engagement. d. A fee based on the fee charged by the prior auditor.r

Description : .Which of the following fee arrangements is in violation of the Code of Professional Conduct? a. A fee based on whether the CPA's report on the client's financial statements results in the approval of a ... actual time spent on the engagement. d. A fee based on the fee charged by the prior auditor.

Last Answer : A fee based on whether the CPA's report on the client's financial statements results in the approval of a bank loan

Which of the following will impair the independence of a CPA in public practice? a. He has his name and address listed on a one-page section of the telephone book. b. He obtained a loan from a bank under the normal lending procedures, terms and requirements of that bank. c. He holds one share of the client's capital stock. d. He failed to disclose a client's departure from GAAP.

Description : Which of the following will impair the independence of a CPA in public practice? a. He has his name and address listed on a one-page section of the telephone book. b. He obtained a loan from a bank ... one share of the client's capital stock. d. He failed to disclose a client's departure from GAAP.

Last Answer : He holds one share of the client's capital stock.

Which of the following is not a type of Bank credit 1. Loan 2. Fixed deposit 3. Overdraft 4. All of these 5. None of these

Description : Which of the following is not a type of Bank credit 1. Loan 2. Fixed deposit 3. Overdraft 4. All of these 5. None of these

Last Answer : Fixed deposit

Which of the following is a revenue receipt? a) Loan from the International Monetary Fund b) Grant from the World Bank c) Borrowing from the Public d) Public Issue of shares

Description : Which of the following is a revenue receipt? a) Loan from the International Monetary Fund b) Grant from the World Bank c) Borrowing from the Public d) Public Issue of shares

Last Answer : b) Grant from the World Bank

World Bank provides loan to the member country: A. From own funds B. From Borrowings C. By Gurantee D. By issuing the dollars E. From (A), (B) and (C)

Description : World Bank provides loan to the member country: A. From own funds B. From Borrowings C. By Gurantee D. By issuing the dollars E. From (A), (B) and (C)

Last Answer : E. From (A), (B) and (C)

Which of the following is a non-current liability a) Mortgage loan b) Bank balance c) Outstanding salary d) None of these

Description : Which of the following is a non-current liability a) Mortgage loan b) Bank balance c) Outstanding salary d) None of these

Last Answer : a) Mortgage loan

Ken Adams tells the loan officer at Allied Irish Bank that Cork really needs a shop that offers high -quality fishing gear to sports enthusiasts and provides the service and advice that so many people need. No other shop in the area seems to provide this combination. Ken is trying to use ------ to support his request for a loan to start such a retail operation. A)product assortment B)location analysis C)product mix depth D)retail positioning

Description : Ken Adams tells the loan officer at Allied Irish Bank that Cork really needs a shop that offers high -quality fishing gear to sports enthusiasts and provides the service and advice that so ... such a retail operation. A)product assortment B)location analysis C)product mix depth D)retail positioning

Last Answer : D)retail positioning

India is a recipient of loan from which of these agencies (a) World Bank ; (b) IMF ; (c) IDA ; (d) All the three

Description : India is a recipient of loan from which of these agencies (a) World Bank ; (b) IMF ; (c) IDA ; (d) All the three

Last Answer :  (d) All the three 

EXIM Bank is authorized to raise loan from (a) RBI ; (b) Government of India ; (c) International market ; (d) Trading activities

Description : EXIM Bank is authorized to raise loan from (a) RBI ; (b) Government of India ; (c) International market ; (d) Trading activities

Last Answer : (d) Trading activities 

1. Which bank gives long term loan to farmers? 2. Which mineral is essential for controling heart beat? 3. The Chief Minister of Union Territory where such a set up exists, is appointed by whom? 4. India is the world’s largest producer as well as the consumer of which crops? 5. In which veda is the ancient time state craft and polity described?

Description : 1. Which bank gives long term loan to farmers? 2. Which mineral is essential for controling heart beat? 3. The Chief Minister of Union Territory where such a set up exists, is appointed by whom ... of rock to the changes of temperature? 20. Who laid the foundations of Portuguese power in India?

Last Answer : Answer : 1. Land Development Bank 2. Iodine 3. Lt. Governor 4. Pules 5. Arthashastra 6. 6 kg 7. Ornithologist 8. 1952 at Bombay 9. 8.00 A.M. 10. Mahmud of Ghazni 11. Heredity ... 15. Muhammad Ghori 16. Per capita income 17. Bangladesh 18. Serology 19. Mechanical weathering 20. Alfonso de Albuquerque

Consider the following schemas: Branch = (Branch-name, Assets, Branch-city) Customer = (Customer-name, Bank-name, Customer-city) Borrow = (Branch-name, loan-number, customer account-number) Deposit = (Branch-name, Account-number, Customer-name, Balance) Using relational Algebra, the query that finds customers who have balance more than 10,000 is ................. (A) πcustomer-name(σbalance> 10000(Deposit)) (B) σcustomer-name(σbalance> 10000(Deposit)) (C) πcustomer-name(σbalance> 10000(Borrow)) (D) σcustomer-name(σbalance> 10000(Borrow))

Description : Consider the following schemas: Branch = (Branch-name, Assets, Branch-city) Customer = (Customer-name, Bank-name, Customer-city) Borrow = (Branch-name, loan-number, customer account-number) Deposit = ... )) (C) πcustomer-name(σbalance> 10000(Borrow)) (D) σcustomer-name(σbalance> 10000(Borrow))

Last Answer : (A) πcustomer-name(σbalance> 10000(Deposit))