Personal installment loan definition
[DOC File]CHAPTER 2
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CAR LOAN: As part of establishing a personal banking franchise of Dhaka Bank Limited, the bank has successfully launched Car Loan Scheme. The product is term financing facilities to individuals to aid them in their pursuit of have a car of their dream. The facility becomes affordable to the clients as the repayment is done through fixed installment s commonly known as EMI (Equated Monthly ...
[DOC File]A GLOSSARY OF CREDIT UNION TERMS
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Personal Loan A loan which is secured by anything other than a first mortgage on real estate property. Planning Session A process involving credit union volunteers and key management staff in which vision and mission statements and specific steps to attaining future credit union goals are determined. Pledge To transfer personal property to a creditor as security for a debt. Point-of-Purchase ...
[DOC File]ASSUMPTION AGREEMENT
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Borrower has also executed an Authorization for Debenture Guarantee Loan Agreement, a Servicing Agent Agreement, Security Instruments and other documents in connection with the loan (“SBA Loan Documents”). Borrower's repayment obligation is secured by a lien(s) and/or security interest(s) upon or in Borrower’s real and/or personal property as described in the SBA Loan Documents ...
[DOC File]INTRODUCTION - Small Business Administration
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This screen is the start of the loan-specific information; however, most of this screen’s information is defined by the lender. This screen applies to 7(a) Loan programs. The data on the screen is displayed under Loan Info (Figure 14, Figure 15, and Figure 16). Use this screen to view and edit loan …
Chapter 05 Consumer Credit: Advantages, Disadvantages ...
Definition is for open-end credit. ... 147) A direct loan for personal purposes, home improvements or vacation expenses is called A. Credit card B. Installment cash credit C. Line of credit D. Open-end credit E. Single lump-sum credit Bloom's: Comprehension Difficulty: Medium Learning Objective: 2 Topic: Types of credit 69. (p. 147) A loan that must be repaid in total on a specified day ...
[DOC File]CHAPTER 2
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If the individual applying for an FHA-insured mortgage is a co-signer–or is otherwise co-obligated on a car loan, student loan, mortgage, or any other obligation – contingent liability applies unless the lender obtains documented proof that the primary obligor has been making payments during the previous 12 months on a regular basis and does not have a history of delinquent payments on the ...
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