PTSB sticks to product based pricing. Product based pricing entails determining the charges and fees based on the specific product etc. For example, a current account with PTSB would have less fees than a business current account. The bank also abides by relationship based pricing for its customers. PTSB will offer special rates for loans and mortgages for customers who have been loyal to their bank.
• This loan can be used on expensive items in order to break-up the expenses. Then, these amounts can be paid back through easy monthly instalments. • The bank also gives the option of transferring loan against other credit cards through balance transfer on EMI. This means, you can transfer outstanding payments on other bank credit card to your HDFC savings account and pay them back through EMI’s. • The loan can be availed for emergency purposes such as medical expenses or other unexpected expenses.
They get to set the standards on their side, and if you are lucky enough to get a loan through them, they also get to set the interest rate and determine what other fees might be. In general, you're not going to be allowed to make payment arrangements or other special arrangements, but will have to stick to the schedule the bank sets. This means that even if your credit history is perfect, and even if you can receive financing from a traditional lender, using a private money lender may still offer you more advantages. In Summary: the Benefits of Private Money Loans Private Lender can lend freely and does not have to abide by tough rules and restrictions. Allows real estate investors with problematic personal credit histories to secure financing for their properties.
Online business banking is a kind of banking service catered for clients with online or Internet enterprise. Usually, people with online stores such as those transacting in Ebay, Craiglist or other online stores have this type of banking amenity. There are many benefits a client can get from having an Internet business banking. Despite you're miles from your bank or out of the homeland, you can still use this kind of banking account as far as you have Internet access. The top common benefits of having this type of banking account can be seen below.
The car acts as a collateral and hence, eligibility norms are usually relaxed. • Construction Equipment Loans: This Reliance loan is given to individuals, self-employed businesspersons, proprietorship and partnership firms, trusts, societies, and private and public corporations. The company also offers loans to first time buyers, fleet owners as well as businesses engaged in mining, road or civil construction, port or shipping activities, and other infrastructure related activities. • Agriculture Loans: People who can apply for the loan are farmers, orchard owners, dairy owners and horticulturists. Partnership firms and private companies in value-add agricultural sub-segments like food processing can also apply.
These accounts may be deposit accounts in a bank or loan or credit accounts, and the card is a means of authenticating the cardholder. In such cases, the card directly deducts money from a customer’s account to pay for a purchase. However, stored-value cards store money on the card itself. The most common types of payment cards are credit cards and debit cards. Payment cards include debit cards, credit cards, prepaid / stored value cards, smart cards, ATM cards and Private label Cards.
What are the repayment options available? A. Borrowers can make the loan repayments in the form of Equated Monthly Instalments (EMIs) and pay them in cash, through cheque, or Electronic Clearance Service (ECS). Here, ECS can be considered as a highly convenient option as it saves a lot of time and trouble because the payment is automatically debited from the customer’s savings
Loan product offerings and its related services (OCBC) Discuss the fact findings approach used The fact finding approach that I have used for my research is to visit the OCBC bank. During my visit, I have found out that their loan products are being categorized into 2 main categories which are personal and corporate loans. For personal loans, loans are further classified into personal and Home & Property loans. Personal Loans For personal loans, they are usually smaller loans for personal use. Their personal loans include cash loans, car financing and study loans.
The main function of commercial bank is deposit, leasing, payment transaction of cheque and foreign exchange service. They actively promote and cultivate the saving habit, especially among the younger generation. It is also an important strategy to fight unnecessary inflationary pressures on the economy of the country. Commercial bank should adjust their interest rate reasonable enough to attract money saver in the bank. The service and facilities offered by the commercial bank should be readily available at reasonable cost.
Financial intermediaries provide to the individuals of an economy liquidity in ways that are well organized and advantageous for them mostly by offering them the ability to transform assets into money at relatively low cost (ATMs are a characteristic example of such intermediation). By collecting funds from a large number of small investors, a bank can reduce the cost of its combined investment, offering the individual investor both liquidity and high rates of return. That way the bank produces a set of services which facilitate the transformation of its liabilities (such as deposits) into assets (such as loans) and through this procedure acting as a financial intermediary it allows indirect lending (and borrowing) between savers and