btaliat
VIP Contributor
The financial institution recognized by the law of the land to give out is the bank. Though it is not a news that many online applications are now performing the functions.
Banks don't really give out loans without consering some factors. These factors are there to safeguard the repayment of the loan more of at the favour of borrower.
The first thing a bank will be wary of is the amount to be borrowed. Banks will always put that one first to determine the right and suitable collateral that will be apted for the said loan.
Not only that, the viability of the company is the next target of the banking institutions, they will want to know whether the company or the individual is capable of repaying thr loan without any hassle.
Bank will never make mistake of considering the repayment duration. You don't expect a bank to give out a loan and leave you alone. You must tell them when you are willing to repay the loan.
Banks don't really give out loans without consering some factors. These factors are there to safeguard the repayment of the loan more of at the favour of borrower.
The first thing a bank will be wary of is the amount to be borrowed. Banks will always put that one first to determine the right and suitable collateral that will be apted for the said loan.
Not only that, the viability of the company is the next target of the banking institutions, they will want to know whether the company or the individual is capable of repaying thr loan without any hassle.
Bank will never make mistake of considering the repayment duration. You don't expect a bank to give out a loan and leave you alone. You must tell them when you are willing to repay the loan.