ipl-logo

Essay On Bank Loan

1241 Words5 Pages

Bank loan
A loan is when a person is provided money that they must repay. In short, a bank loan is a debt that a person, better known as the borrower, owes to a bank.
A bank loan is an agreement between the borrower and the bank that the loan will be paid back in a specific amount of time at a specific interest rate. The borrower asks the bank to loan the money they need to buy a certain item. A bank loan is commonly used to purchase a house or an automobile. The bank will then take a look at the borrower's financial situation along with their credit score. This determines whether or not they will loan the money and what interest rate will be charged. business loan, commercial loan - a bank loan granted for the use of a business interbank loan - a loan from one bank to another …show more content…

A secured loan is a type of loan in which the borrower has to pledge an asset as assurance for the loan. For example, if you pledge a car as an asset for the loan and then fail to make payments on that loan, the bank can take your car. A mortgage loan is another example of a secured loan.
An unsecured loan is a loan where there is not anything used to secure it. These types of loans are considered somewhat high-risk, since the lender does not have a way of making the borrower comply with the terms or make payments on time. Because of this, most unsecured loans carry high interest rates and are often only available to those with strong credit scores. …show more content…

Actually you can think of the entire process of courting a prospective investor, partner, or initial employees akin to that of job hunting, it has to make sense for both

Show More
Related

  • Summary Of A Lifetime Of Student Debt Not Likely

    863 Words  | 4 Pages

    As we read “A Lifetime of Student Debt? Not Likely” we learn that the title is correct if student loans are used wisely. Many don’t pay attention to the debt they are building. Whether it is important for them to go to a certain school, or to always be partying, students will quickly use all the money they have. For some reason, when they find out how much they owe, they are shocked.

    Read More

  • Fraser Foods Case Study Assignment

    1475 Words  | 6 Pages

    The company could expand even more to increase their market share. They must keep communications open through their relationships to avoid miscommunication and confusion. References Karniel. A and Reich.

    Read More

  • Argumentative Essay: The Issue Of Student Loan Debt

    1032 Words  | 5 Pages

    According to the last recording of student loan debt, the total amount of the United States student loan debt is roughly one and a half trillion dollars (A look at…). Statistics like these present the urgent need to resolve the major financial issue of student loan debt. Solutions have been given by many people to solve this issue but most solutions fail. The main reason behind student loan debt is falling to far into debt to the point where it is almost impossible to come back. The origin behind all of this is a lack of a student loan amount cap.

    Read More

  • Student Debt Persuasive Essay

    1059 Words  | 5 Pages

    Currently, the U.S. has accumulated roughly one trillion dollars worth of debt from student loans. (cite) But, what if student debt was forgiven overnight? Now if student debt was eliminated all at once it would be an enormous expense for private lenders and the federal government. Yet, people continually suggest the dissolution of student loans with a one-time payment plan from the government.

    Read More

  • Why Is Herbert Hoover A Bad President

    1069 Words  | 5 Pages

    When banks failed, people that had money in their account, in the bank would lose their money even if they did not owe any debt to the bank. This caused families to go homeless and even

    Read More

  • Student Debt Argumentative Essay

    901 Words  | 4 Pages

    The total U.S. student loan debt now surpasses $1.2 trillion and there is more than 40 million recipients owing on federal and private student loans (Malone). Most of the college students in the United States can’t afford their education by themselves and, as a result, students end up drowning in student loans in order to earn a degree. Student debt is a major problem in the US, and it is a major influence on the gap between rich and poor. A more accessible college education would help reduce the gap between rich and poor in the United States.

    Read More

  • College Debt In College Essay

    948 Words  | 4 Pages

    So many successful adults till this day are paying back their college debts. Over the years, some are able to pay back their debts in college and others are not able to and are still struggling, due to having to pay other debts that they may have. In some cases, some people drop out of college just so they will not have to owe so much money, but to drop out for that reason is not good. There are several of ways to stay away from college debt and that is getting scholarships, saving money before going into college, and also attending a community college instead of jumping to a university. College debt is a large amount of money that a college student will have to pay back within a certain amount of years after graduating.

    Read More

  • Case Study Of Target's Stakeholders

    1172 Words  | 5 Pages

    They are the ones who comprehend the business so well and they started-up capital to get built up and develop their items and administrations. They additionally conform to government and business authorizing

    Read More

  • Student Loan Forgiveness

    1994 Words  | 8 Pages

    Forgiveness of Student Loan Debt On a global scale, there is a large amount of people who are unfortunate in the sense that they are all regrettably faced with the issue of the struggle to pay for a proper education. Seeing as those who struggle are unable to pay on the spot, whether it be because they are financially independent adolescents or their families have low financial income, a majority of said strugglers resort to applying for student loans. This allows them to receive an education for the time being, but it still must be paid for eventually. As a result, every student who takes a loan for schooling will be in debt until everything that has been borrowed is paid off.

    Read More

  • The Pros And Cons Of Student Loans

    585 Words  | 3 Pages

    Student loans have always seem to be a controversial topic. Many people are in agreement and disagreement over the opportunity to student loans. Student loans can be a great advantage to many students, but it can also drown them in an immense debt, that will follow them for many years. The more we analyze this perspective, we are able to distinguish the advantages and disadvantages of student loans. There is a variety of perspectives on student loans, some involving annual salaries, interest rates, and commodity.

    Read More

  • Fractional Reserve Banking

    1113 Words  | 5 Pages

    6.1.6 1. The centerpiece of the U.S. economy is its banking system. A. Banks in the U.S. practice fractional reserve banking. Explain what this means. (4 points)

    Read More

  • Argumentative Essay On Student Loans

    378 Words  | 2 Pages

    Student loan debt loads have been spiraling, doubling over the last decade, and the enrollment rates of young people from lower socio-economic groups are rising far slower than middle and upper groups. Governments must recognize the renewed public investment in post secondary education is an economic and social imperative. 6.7 million borrowers in repayment mode are delinquent (Snider 1). The sad fact is that many lenders aren't exactly incentivized to work with borrowers. Unlike all other forms of debt, student loans can't be discharged in bankruptcy.

    Read More

  • Essay On Student Debt Crisis

    415 Words  | 2 Pages

    College costs are skyrocketing, and at the same time we have students wanting to learn and become educated in order to contribute their knowledge to society. The student loan debt crisis is weighing upon us, so we need to reform the system. If I had the power to make a change, I would cut the costs of college education and lower student debt by a reformed banking system. One of the major causes of the student loan debt crisis is high interest rates for student loans. Too many banks offer loans and do not think how these students are going to pay back the money.

    Read More

  • Pestle Analysis Of Maybank Malaysia

    709 Words  | 3 Pages

    Example, Malaysia is a country with growing economy and general rules which effect Maybank would be interest rates. It would be difficult for the loaners to pay back the money if the interest rates is set too high. Then, most of Malaysian people bankrupt due to paying loans with high interest. This will not benefit Maybank because the money has been loaned out has not return in. So, Maybank is now giving out loans to boost the export activity for exporting activity.

    Read More

  • Essay On Importance Of Financial Management

    812 Words  | 4 Pages

    Financial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.

    Read More

More about Essay On Bank Loan

Open Document