The annual rate is different for each type of loan that you could need. Rates start as low as 2.916% and peak at around 6.240% for equity and mortgage loans. For personal loans you can chose between a variable and fixed rate.
Columbia Bank & Trust has just given you a $20,000 term loan to pay for a new concrete mixer. The loan requires five equal annual end of the year payments. If the loan provides the bank with a 12 percent return, what will be your annual payments? a) $5,548 b) $3,148.12 c) $6,000 d) $1,666.67 You can also get answer on onlinesolutionproviders com thanks
I took a loan from my bank to buy my first car.
No. Even if you qualify for a loan by means of age or employment or income, the bank will ask you to first open a bank account before you are granted a loan. so, in order to get a loan you need a bank account.
RBI
india
bank loan
You might be able to get a bank loan with the bank that you use for every day banking. They will be able to help you pick the loan that works best for you, either secured or unsecured.
A home equity line of credit is found at nearly every bank and credit union. New England Bank, Peoples Bank, Bank of Niagara and just about all your local owned banks are good sources of this kind of loan.
It is possible if you have good enough credit and enough security for a second loan, or a cosigner that qualifies. The second bank will run your credit and know of the first loan.
The first suggestion is to go your local bank and ask for a loan, banks like to loan to people they know. The second suggestions is TD Bank, they are a North East bank and can help.
india
yes, i got my first bank loan at 20 by myself (however i did work at the bank i got it from!)