What is a bank loan?

Let’s learn what is a bank loan. The most accurate or helpful solution is served by Yahoo! Answers.

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Does anybody know what a bank loan is?

It's for my economics class. PLEASE HELP

Answer:

A bank loan is usually for mortgages, automobiles and businesses. These are generally loans for a specific...

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I had loan in Dubai and I lost my job, now I am in India, Bank is filing a legal case. What to do?

Two years back I was in UAE. While working there I had taken a Personal loan (50000 AED) from bank. Unfortunately I lost my job and back to India.Before leaving I had paid 25000 AED to bank. After return to India, I had informed to Bank that this was...

Answer:

banks here in uae are hard to trust. you must keep the end in mind before negotiating. am not in leagal...

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What do I do if a bank I got a loan through has no record of me ever opening the loan?

I bought a Ducati about a month ago and the bank they financed my loan through still hasn't sent me any loan information in the mail. Today I called the bank to see what the deal was; turns out that the bank has no record of any loan with my name or...

Answer:

what you need to do is get yourself anothe rloan fast. This will help you cover your expenses until...

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What to do about an Unused Litigation Loan in a Bank Account?

A relative has an unused Litigation Loan of just over £1,000, which was set up for her in a bank account. The account was opened by a Personal Injury firm on her behalf, to cover legal expenses, following a tripping accident claim she wanted to...

Answer:

Depends on what kind of agreement your sister has signed. As it was taken on 2003, I simply suggest...

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What are advantages of obtaining a Bank Loan ?

In my point of view bank loan is good source of finance. They are - Reliability – Loans are very reliable and secure, you are assured the money for the duration of the loan (unless you break terms and conditions), and the odds of a bank or major...

Answer:

Did you just answer your own question ?

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What bank will do during loan process?

hi, one of my friend working in MNC(Multi National Company). He already took loan for 4 lakhs. After one year he provided the fake salary and fake bank statement, and he got loan of another 3 lakhs. How he got using fake data, i cant understand. Then...

Answer:

As you know, what he is doing is illegal. He will be caught, eventually. The court will decide his sentence...

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What happens if the bank thinks u are useing the loan for one thing and u use it for another thing?

I was wondering what would happen if u went to the bank to get a loan to add on to your house and the bank said they wont give u a loan to add on to your house, but they would give a loan to build a new house. So u take the loan for a new house. But...

Answer:

I work in mortgages. If what your talking about is a construction loan. Most likely your money will...

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If bank misplaced the conveyance deed against which they have given the home loan, then what shuld I Do?

I have taken home loan from one bank and now i want to foreclose that loan and transfer the balance to an other bank but previous bank say that he has misplaced my conveyance deed against which he given me the said loan. 1- Then what can I do with that...

Answer:

The government records should show ownership of the property for tax purposes. If you are in the US...

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What would happen if you got a car loan from a bank, and in the middle of the note, the bank went under?

like if you were to get approved for a car loan, and you bought a car, but a few months into the loan, the bank you used went under. and no other bank bought your bank.

Answer:

Bank loans get bought and sold all the time. I have had car loans get sold to another bank and then...

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What can I do if a bank is asking me to pay for an $8,000 loan that I never received a penney of?

A "friend" I knew worked at a local bank. He asked me to sign up for a checking account. I agreed to sign up for it. I signed the paperwork that he told me to sign. Six months later, the bank is calling me asking me to pay on the loan. Turned...

Answer:

File a police report, get an attorney

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