SBI Home Loan Transfer
SBI Home Loan Transfer Stuck with a home loan with a high interest rate? No need to worry, opt for an SBI Home loan transfer and reduce your EMI considerably. If you have a home loan from any private bank, scheduled bank, commercial bank, or housing finance bank which is registered with National Housing bank,…
Categories: General Tags: bank, home loans, interest, transfer
SBI Home Loan Transfer
SBI Home Loan Transfer Stuck with a home loan with a high interest rate? No need to worry, opt for an SBI Home loan transfer and reduce your EMI considerably. If you have a home loan from any private bank, scheduled bank, commercial bank, or housing finance bank which is registered with National Housing bank,…
Categories: General Tags: bank, home loans, interest, transfer
How To Get A Loan With Bad Credit
You can face many challenges when applying for a bank loan if your credit score is not so pretty. You can face obstacles when applying for credit cards as well as when making other credit requests where the lender requires assessment of the applicant’s ‘credit worthiness’.
Categories: Loan Videos Tags: assessment, bad credit loans, bank, challenges, loan, poor credit loans
Unsecured Personal Bank Loans
There are times when you’re just in dire need of cash and you can use a personal loan. There is an array of options today and sticking to simple traditional bank loan isn’t your only choice. Also, those aren’t exactly the quickest way to get funding. But if you think that small unsecured loans are that easy to get a hold of, think again.
More often than not, when you try to go for an unsecured personal bank loan from your local bank, they tend to be pushy with getting a credit card instead since they benefit more from credit cards. But when one really gets strapped for cash, credit cards can really come in handy. Nevertheless, it’s very easy for you to drown in a pool of debt when you use credit cards. And usually, it takes years and years to get out of it. The reason for this is the skyrocketing interest rate.
Unsecured personal bank loans are a better option as they have rather lower interest rates than credit cards do. You can basically get approved for pretty much any purpose you have, and there are many creditors out there who are willing to help you. Banks and other financial institutions offer personal money loans. If your local bank unfortunately does not offer bank loans for personal reason, chances are, you will be able to find another source.
This type of loans is basically unsecured. And usually, once you get approved, the money comes quite quickly. The money you will be obtaining can be used for practically anything such as big ticket items like down payment for a car or a trip. People are raving about personal money loans apparently because of its versatility and they are free to use it for whatever they want.
Even though the demand for unsecured personal bank loans has risen, the availability has actually declined. But you can always try your luck since lenders are now available on the Internet. Just go online and try to reach them from the comfort of your home or office.
Related Personal Loan Articles
Categories: Loan Articles Tags: bank, loan, loans, money, personal bank loans, unsecured loans, Unsecured Personal Bank Loans
Bank Loan — Business Funding Tip
The ability to increase business finance is a big deal. Speed is key, whether it be speed of decision, speed of processing or the speed of access to funds.
What type of loan is this, precisely? Watch this video and you might stumble upon information you have been looking for.
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Categories: Loan Videos Tags: bank, Business, business finance, Funding, increase, loan, term, upon, Video Rating, years
Business Loans For People With Bad Credit
When you have your own business you may come upon times where you’re up against an unexpected situation and need a bad credit business loan. In most lending situations your first choice would be to talk to your regular bank or another local bank. While some will recommend that you skip this step to save time, I generally think it is a good idea to continue to build a strong banking relationship with one bank.
Another option is through a factoring agreement. You contract with another company to give you money now at a discount rate based on anticipated future sales. Sometimes this can be done with outstanding invoices or even work in progress. Another possibility, if you have a credit card merchant account, is to use the expected monthly credit card sales numbers. You probably have an average amount of credit card sales that can be trusted as future revenue. This means you have low risk in receiving this future income stream.
The key is to present the factoring company with your past credit card processing statements. This is the evidence you need to prove future income and get a business cash advance.
Factoring will get you the money you need now. Since the repayment schedule is based on your revenue volume you don’t have to worry that the payment schedule is too much too fast. The factoring company does not want to put you out of business. They want you around to pay your obligations. Typically the advance is rather short-term which may have a repayment of 6 to 12 months. Once paid back new revenue is available for business growth.
Here’s an example. Let’s say you get a factor of 1.3%. This means that on a $10,000 cash advance you would be paying 30 cents on the dollar by the time you pay it back. That is, your $10,000 borrowed becomes $13,000. Then the hold-back defines how much is kept until your balance is paid. In this same example, if the hold-back is 15%, then 15% of your future credit card sales go directly to the factoring company each day. Looking at this on a monthly basis, let’s say your monthly credit card sales are $12,000. 15% of $12,000 is $1,800. That would mean that $1,800 per month will go to the factoring company. You will have paid off your obligation in just over 7 months.
Categories: Loan Articles Tags: Bad Credit, bad credit business loans, bank, business loans, months, poor credit, poor credit business loans, sales, schedule
Loans For Those Who Have Bad Credit
Those who have a bad credit score can go through so many difficulties in getting the bank loans. The reason for this is because almost every lender would want someone with a good credit score. There are myriads of lenders who agree to give the loans only if the borrower has a credit score that is close to 650. That said, many people are having a hard time getting the loans from the lenders. There are tons of solutions for these people. This post will give you a detailed explanation on the solutions available to get bank loans for individuals who have a bad credit.
Before getting the loans from any lender, you should see to it that you know the amount of money you need to begin with. Considering bad credit loans have a high rate of interest, you must see to it that you are not getting an amount which is higher than what is necessary. This will spare you from losing money in the form of interest. If the money required is in the range of $ 100 to $ 1500, you can avail of the payday loans. This is due to the fact that these loans are much easier to get from the lenders. They will surely be given by the lender if you are employed. The payday loan lenders would not want to check the credit score. They will be fully concerned on your income status and would not zero in on other things.
Instead of getting loans physically, you must try the online lenders. There are so many lenders operating on the internet. So you should see to it that you get the best lender who provides the loan at a low rate of interest. By choosing the lender at a low rate of interest, you can then save a lot of money over the long haul.
Why Choose Pay Day Loans?
When you want a cash loan there are three measures you can take – apply for a bank loan, ask a friend or a family member and go to a loan shark. Nevertheless, there is a fourth option that you have, it’s quite easy to get and also beneficial in nature. A pay day loan is what we are talking about.
The first advantage of a pay day loan is that it is short term in nature. This means that no matter when you take the loan, you pay it off on your next payday. Pay day loans are similar to salary advances. You take an advance on your next pay and when your salary is credited on your next payday, the advance loan amount is debited from it in advance. The only difference in the case of a pay day loan is that you get your full salary and then the loan amount will be deducted by your lender.
The second advantage of pay day loans is that they are easier to get. Banks today are very tight fisted in doling out loans. And if you have a negative credit rating you can forget about a bank loan. When you apply for a pay day loan online, you almost obviously have your application approved, regardless of what your credit rating is.
The providers of pay day loans calculate your eligibility and then offer you the loan amount. The application process for online pay day loans is very simple. There is this online form to fill and it takes you merely 10 minutes or so. The online form requires you to provide some basic details like your contact address and number, your employment details and your bank account details. This is very different from applying for a bank loan where loads of documents are needed to be furnished and you need to answer hundreds of questions.
You can also extend your pay day loan if the situation demands it. This is something that is not possible with a bank loan. If you know that you will be short of the required fund on the payoff date, you can call up your pay day loan provider and inform them. They will only take the interest amount on the payoff date. The loan principal moves to your next payday.
These are some of the reasons why people find pay day loans to be so convenient. Apply for your first pay day loan today and you will join the large gang of fans of this type of loan.
Find More Pay Day Loan Articles
Categories: Loan Articles Tags: bank, loan, loans, pay day loan
Mortgages For Bad Credit
Although there are loan programs that assist people with bad credit, there will still be guidelines and qualifications. Do not try going to a bank telling them you would like an FHA loan and wait for them to just automatically approve you. Do some homework. If you’re in the frame of mind and fit to buy a home, do it the right way. Here are the things you can expect while looking at loan programs and homes.
You must know that if you go to 5 different mortgage loan originators, your credit is likely to be pulled 5 separate times. Every pull of your credit reduces your score 5-10 points. So much people make the wrong move of going to 5 banks to have all of them see what they can do for them. This is absolutely wrong. Just get one bank to check you, get a copy of the credit report and get an idea where you stand before you choose the company to do your loan.
If your score is not 620, do not make a bank pull your credit. Rather, follow these free credit repair methods. See to it that you get qualified for a loan before you look for houses. Many individuals end up finding the perfect home, signing a contract, and then have the disheartening news that they are not approved for the loan and will be forced to cancel everything. Doing this is doing yourself a favor, don’t go setting yourself up for failure.
When you are qualified, call a number of banks and inquire with them what their rates are on an approved FHA loan. Doing so will save you from giving them all your necessary information to protect you from further credit pulls. This method will make sure that you will get the best rate available and save you moolah over the long haul.
The Bank Analyst’s Handbook: Money, Risk and Conjuring Tricks
The Bank Analyst’s Handbook: Money, Risk and Conjuring Tricks
It is not uncommon to meet professionals in financial services who have only a vague idea of what their colleagues actually do. The root cause is specialization and the subsequent development of jargon that makes communication between common specialists faster and more precise but is virtually impenetrable to everybody else.
The Bank Analyst’s Handbook provides a modern introduction to financial markets and intermediation. Individual subject areas are covered in a thorough but clear and succinct manner. The breadth of the author’s experience as a sell-side bank analyst is exploited to good effect to pull together these threads and create a coherent framework for the analysis of financial markets, whether these are in advanced economies or developing markets.
The Handbook is well-written and highly accessible. It builds on orthodox financial theory (with all of its flaws and controversies) but also highlights many of the real problems involved with translating such theory into practice. It can be appreciated at many different levels and this explains its wide target readership. The Bank Analyst’s Handbook:
- Bridges the gap between the more superficial introductory books and specialist works
- Covers all the important functions and subjects related to the financial services industry
- Provides a comprehensive overview for financial services professionals, business school students, consultants, accountants, auditors and legal practitioners, analysts and fund-managers and corporate managers.
“An excellent guide for any professionals who are coming into the banking industry. Extremely well-written, covering clearly and lucidly a range of topics which many bankers themselves don’t understand. I will make this book mandatory reading – no, make that studying – for anybody I hire to work as a financial sector consultant.”
—Chris Matten, Executive Director, PricewaterhouseCoopers
“A great insight into the often murky and impenetrable world of banking… compulsory reading for analysts and investors alike.”
—Hugh Young, Managing Director, Aberdeen Asset Management Asia Ltd
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