Banking Loan Information

What is Statistic…

admin — Wed, 12 May 2010 08:16:52 +0000

What is statistic..???

See what Experts say..

“Statistical thinking will one day be as necessary for efficient citizenship as the ability to read” …

“Statistical thinking is necessary not only for effective citizenship but also for effective decision making in various facets of business” (H.G. Wells)
“Statistics education should begin before high school” (W. Edward Deming)

Lets Learning Statistics..

credit card users

admin — Mon, 22 Feb 2010 14:16:35 +0000

there are several types of credit card users,
1. users who do not take advantage of the credit card function
2. users who use the credit card function properly
3. users that maximizes the function of credit cards
4. users who do not know the rules.

for the user no 1, users who do not utilize the functions of the credit card that has credit cards just in case the administration fee only.

No. 2 for users, users who use credit cards function properly using the user’s credit card promo in accordance with the given credit card, and pay bills in a timely, full payment by payment, so do not get bebab interest.

No. 3 for the user, maximizing the user of the credit card function, the user is using a credit card to shop a variety of purposes and at the time of payment of bills, managing money can be properly so, to arrange payment, which must be paid in full payment, which to be paid the minimum payment.

for the user no 4, I think you all know what people like this ..

Loan based on the types of collateral & periods

admin — Mon, 22 Feb 2010 14:04:51 +0000

Based on the types of collateral:
1. Secured loans
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan.
2. Unsecured Loans
Unsecured loan is a loan that is not in a back-up in law by the type of collateral as the secured loan on top.

Based on the period:
1. Short-Term Credit
Credit for the period of not more than 1 (one) year from the loan. The use of general purpose loans for working capital.
2. Long-Term Credit
Credit for the period of more than 1 (one) year from the loan. The use of general purpose loans to finance investment company or a particular project.

bankers 5 C’s

admin — Mon, 22 Feb 2010 13:49:38 +0000

Bank loan providers want to see a proven track record before they lend you any money, but you can’t establish the track record until you get the loan. In order to get funded you have to know exactly what they are looking for?

Most bankers look at the five C’s:

* Character. What is your credit history. Have you been a good borrower?
* Capacity. Do you have any industry experience?
* Capital. How much money do you need? Is there a clear understanding of the amount of funds needed and where it will be spent.
* Conditions. What are the terms of the loan? The loan terms should be structured so that they can be paid back without overly restricting cash flow.
* Collateral. What can you bring to the table? In many cases, you should be able to provide up to 30% percent of your capital need in cash and/or other assets.

Bank loans are extremely difficult to obtain and they are usually only given to businesses with outstanding credit and a proven track record. If local banks have determined you don’t meet the five C’s criteria or if they can’t provide enough financing, there are probably non-bank sources in our directory who can. Due to the large number of non-bank lenders, it can seem like a daunting task to have to search through them and find the right one. Our capital search tool makes it easy to find the right type of financing for your business.
taken from : http://www.businessfinance.com/bank-loan.htm

Credit based on the intended use of

admin — Mon, 22 Feb 2010 13:38:07 +0000

I. Direct Facility / Direct Loan

1. Working Capital Loan
Working Capital Loan is used for working capital purposes of the business cycle based on the debtor, usually a time limit short-term loans (no more than one year).
Loans can be given in the form of revolving basis (may be extended after the loan maturity date) and non-revolving basis (can not be extended when the loan maturity date)
2. Investment Credit
Investment loans used to finance investment projects, business expansion, etc., usually a period of long-term loans (more than one year and in general a maximum of 5 years).
Types of facilities included in the category of investment credit is Term Loan
Withdrawal of these loans can be done at once or gradually, while the repayment of loans made in stages / installments in accordance with the schedule set by the bank. The number of loans that have been paid can not be withdrawn. For this type of loan can be given a payment period (grace period), if necessary.

I. Indirect Facility / Indirect Loan
Facilities that contains a commitment / willingness of banks to make a payment at a later date. Facilities which are commitment also called ‘Off-Balance-Sheet Items’ that is entered in the Administrative account.

What is Loan…???

admin — Mon, 22 Feb 2010 11:25:01 +0000

credit is one form of provision of funds or bills that can be equated with that, based on the acceptance or borrowing between banks by another party that requires the borrower to repay loans with interest provision.

the types of credit facilities:

1. based on the intended use of

2. based on period

3. based on the type of collateral