Bank loans and securities. | Bitcointalksearch.org

justdimin

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Quote from: SirLancelot on June 05, 2023, 10:24:34 AM

Quote from: cydrix on May 23, 2023, 05:26:29 AM

A school diploma is not necessary to obtain a loan from a bank; if it were, it would undoubtedly be declined. That is all I am aware of regarding job application requirements, though. Maybe it will apply if you mortgage it to a pawnshop or borrow money from one. Banks require collateral, applying for a loan is difficult, and loans of any size require land, home, or company certificates in addition to car certificates.

Only ID's are needed to apply for a loan and maybe some nice collateral. It is when we apply for a job, we are required to show a school diploma. Applying for a loan in a bank can be difficult. Banks do also have high interest rate but there are still lots of loaning companies out there (including the online ones) that we can try. They might not be strict as the banks and you can get your money in short period of time.

@OP I know the feeling on why banks or other loaning companies can disregard a school diploma. They think it's only just a piece of paper with no value but they did not know the struggle of the student only to get this piece of paper.

Right now in my country getting a loan is a very tough thing, banks do not give out loans all that easily because of the inflation, they know that if they give you the money then you could even get like some brand new iphone and sell for higher later on and not only pay the debt back but also profit, it's that simple. That's just an example do not do that for real but that made getting a loan pretty harder.

In the end school diploma, salary proof, and no other thing you could get even come close to the fact that we are going to end up with anything that will be allowing us with bank loans if we are not asking for what would be small for us, something big has way too much risk that the banks do not want to take into consideration at this moment.

bettercrypto

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You know the truth, I'm sorry, but what you said made me laugh. Because I have never seen a bank that approved a loan just because of his school certificate or college diploma, whether you are referring to it. Banks on the other hand are very strict and the type of insurance that makes you think they are the ones who will get lost, but they are not.

It's because the banks won't agree that you don't give them any collateral and mostly what they really want are lots or houses, oh no, if you have a high salary in the company, it's your ATM account, if they agree, after all, there will still be those are civil investigations.

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Quote from: cydrix on May 23, 2023, 05:26:29 AM

A school diploma is not necessary to obtain a loan from a bank; if it were, it would undoubtedly be declined. That is all I am aware of regarding job application requirements, though. Maybe it will apply if you mortgage it to a pawnshop or borrow money from one. Banks require collateral, applying for a loan is difficult, and loans of any size require land, home, or company certificates in addition to car certificates.

Only ID's are needed to apply for a loan and maybe some nice collateral. It is when we apply for a job, we are required to show a school diploma. Applying for a loan in a bank can be difficult. Banks do also have high interest rate but there are still lots of loaning companies out there (including the online ones) that we can try. They might not be strict as the banks and you can get your money in short period of time.

@OP I know the feeling on why banks or other loaning companies can disregard a school diploma. They think it's only just a piece of paper with no value but they did not know the struggle of the student only to get this piece of paper.

Oilacris

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Quote from: Ultegra134 on June 02, 2023, 03:44:34 PM

Quote from: Findingnemo on May 24, 2023, 03:25:03 PM

Quote from: Greggry on March 28, 2023, 03:25:14 PM

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

Well bank offer personal loan and credit cards that is the most common unsecured loan for a common man to reach out.

Banks only lend money to someone who has the capability to pay back or assets to confiscate for the default of the loan amount and yes these certificates are nothing but garbage it doesn't worth penny but you spend thousands of dollars and years of schooling to get that. The system made all of us to live stupid and die stupid too. Roll Eyes

I've noticed that personal loans of a few thousand dollars are quite common now and are probably the only ones that require minimal or even no requirements if you have a healthy account with them. The same thing goes with credit cards. Personally, I was issued one without providing any documentation, and my application was instantly accepted.

Larger loans are usually hard to come by, especially without collateral, and have massive interest rates, making them unsustainable in the long run. In my opinion, if you're up to making a few large purchases, sign up for a credit card and take advantage of interest-free installments.

If you do really know on how to make use of your credit card efficiently then i could really say that this is something more better option rather than on touching up yourself on having those inhouse finances or those 3rd party lendors or something like that which they do really have huge interest compared to banks. It turns out that Bank rates are shit but those smaller ones or those lending businesses out there is even more worst on which interest could really be on how many folds compared to banks. This is why if you do really make out that comparison then for sure you would be able to realize that bank is still a better option when it comes to loans but of course getting approved is really that pain in the ass since requirements or things been needed wouldnt really be simply to comply.
Its true that we do have some lending up todays on which it do really ask out for some basic information and not much needed documents on which you could really be able to borrow out money but of course the interest rates are really that on the rooftop.This is why if you dont have any choice then you would really be opting for this one.

Ultegra134

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Quote from: Findingnemo on May 24, 2023, 03:25:03 PM

Quote from: Greggry on March 28, 2023, 03:25:14 PM

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

Well bank offer personal loan and credit cards that is the most common unsecured loan for a common man to reach out.

Banks only lend money to someone who has the capability to pay back or assets to confiscate for the default of the loan amount and yes these certificates are nothing but garbage it doesn't worth penny but you spend thousands of dollars and years of schooling to get that. The system made all of us to live stupid and die stupid too. Roll Eyes

I've noticed that personal loans of a few thousand dollars are quite common now and are probably the only ones that require minimal or even no requirements if you have a healthy account with them. The same thing goes with credit cards. Personally, I was issued one without providing any documentation, and my application was instantly accepted.

Larger loans are usually hard to come by, especially without collateral, and have massive interest rates, making them unsustainable in the long run. In my opinion, if you're up to making a few large purchases, sign up for a credit card and take advantage of interest-free installments.

Litzki1990

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If you want to take a loan from the bank, you must deposit some security with the bank so that if you are unable to repay the loan due to any reason, then the bank will take ownership of the security that you keep. Because if security is not kept then there is no security of money. At that time, anyone who took a loan from the bank refused to repay it. In case of taking a large amount of loan, the bank will usually ask for some documents of your land deposit. If there is no land deposit, you will have to show something that is close to the market value and the value of the loan amount.
And you want to keep your certificate as security. They will never give you a loan against a certificate because the certificate is of no use to them.

Iroh

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Quote from: Greggry on March 28, 2023, 03:25:14 PM

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

I honestly don't understand what you think the bank should do. You would expect a financial institution that is making profits from deposits to lend you a loan of two thousand usd without having a good collateral that would easily cover up and settle your loan.

You cannot say having a quality higher education doesn't count when applying for a loan. A college or higher degree would in my opinion be a plus to your application when giving your sales pitch on the reasons for the loan and how to pay back the loan. Perhaps there may be more reasons on why you were denied the loan aside having a good collateral.

bangjoe

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Quote from: Greggry on March 28, 2023, 03:25:14 PM

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

The graduate or education certificate does not have the selling power of banking services as far as I know, and even if you borrow the level will be the same as the maximum limit of borrowing without collateral. And education certification is only a plus point for trust.
Of course in the amount you mentioned, it is necessary to guarantee the borrowing you will do, because that number is not small, so banks are looking for an error margin from the failure of payment that might have been in the business that exists with the money, and they can confiscate the guarantee From you to cover the loss due to the failure of loan payment you might do in the future.

yudi09

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Quote from: Fatunad on June 01, 2023, 04:59:01 PM

Quote from: yudi09 on June 01, 2023, 02:57:10 AM

-snip-

There's no really security for that on the money that they are lending into you.There's no assurance that you could really be able to repay it on time and this is why its no sense on presenting out those diplomas or whatsoever documents that you do have in school college. They wont really be able to get something from that. Bank loans and agreements wouldnt really be something like this. They wouldnt really be that so dumb on accepting loan requests
without any valid and valuable collateral which is something that it is really that important on such transaction or agreement.

Apart from building ownership certificates and land ownership letters and other documents of value, they will not receive school certificates or diplomas.
The letter is to guarantee when someone who borrows will not be able to pay according to the agreement.
I once found a borrower who was unable to pay, so the initial guarantee was auctioned off by the bank.

I have an experience that my wife did but I also had to sign an agreement. The guarantee is not a land ownership certificate and not a building ownership certificate, but a decree on him as a worker paid by the state.

After the time was up, I told him that we should no longer have anything to do with the bank because we are made poor.

Alpha Marine

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The whole idea of a collateral is so they can sell it off and recoup their money if the borrower defaults. So if a borrowers default, what exactly are they supposed to do with the school certificate? A school certificate is not going to give them their money back and they end up having a loss. A huge loss because 2000 dollars is not a small amount.
Banks don't ask for what have value to you, they ask for what has value in the market. You don't expect a bank to give me a loan because I have them a treasured family heirloom that means a lot to me even if it's not worth anything in the market.

Fatunad

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Quote from: yudi09 on June 01, 2023, 02:57:10 AM

Quote from: Greggry on March 28, 2023, 03:25:14 PM

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

There has never been in our environment that a bank will provide a loan if the guarantee is only a school certificate.

There is an agreement that must be agreed between the borrower and the bank which is written in the rules.
When the written agreement cannot be fulfilled by the borrower, there will be no agreement.
It has nothing to do with whether or not the value of education is important when it comes to lending and borrowing with them because this has to do with business.

When you bring other valuable certificates such as land certificates they will definitely receive with the calculation of how much value they will get when the borrower breaks the agreement or no longer pays.

Everything is business and banks are really making business, they cant really just grant up some loan and would really be that giving the opportunity on just showing some school certificates. There's no really security for that on the money that they are lending into you.There's no assurance that you could really be able to repay it on time and this is why its no sense on presenting out those diplomas or whatsoever documents that you do have in school college. They wont really be able to get something from that. Bank loans and agreements wouldnt really be something like this. They wouldnt really be that so dumb on accepting loan requests
without any valid and valuable collateral which is something that it is really that important on such transaction or agreement. Better to be realistic or sensible in regarding about this
question because even a 3 year old kid does know on what would be the common procedures and requirements when taking a loan.

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Actually everyone requires security so whenever banks allows you loan they will ask about your land and something else that will provide them safety because without security bank cannot allow anyone such a large sum of money.

Bank take such steps because if unfortunately you don't recover their money back to them then in such situations they will take your land or other expensive material to recover their money. This step is a beneficial step and I think not just a bank but all other financial institutions should do this and if this act was unable to operate then surely lots of the people will take loan and without returning of money they will stay silent.

yudi09

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Quote from: Greggry on March 28, 2023, 03:25:14 PM

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

There has never been in our environment that a bank will provide a loan if the guarantee is only a school certificate.

There is an agreement that must be agreed between the borrower and the bank which is written in the rules.
When the written agreement cannot be fulfilled by the borrower, there will be no agreement.
It has nothing to do with whether or not the value of education is important when it comes to lending and borrowing with them because this has to do with business.

When you bring other valuable certificates such as land certificates they will definitely receive with the calculation of how much value they will get when the borrower breaks the agreement or no longer pays.

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Quote from: bayudndy on May 25, 2023, 11:13:12 AM

It is understandable that you bring a school certificate to borrow; they do not accept it. Banks may offer unsecured loans for smaller amounts or to customers with a good credit history and stable income. And if your loan amount exceeds the collateral level, it will be a short and risky loan. The rules have been set that you must accept them in accordance with the terms from the bank, and then they will confirm for you. They don't want to lose money because this is a business, not a child's game.

I think the bank will not want to lose money and it must also be remembered that banks run money that also has customers, so they must be able to give trust so that the money deposited can be used properly and not lose money. agree with you, that the bank will carry out the rules attached to everyone who wants to borrow and must follow the rules given by the bank to the borrower. no one is allowed to intervene in policies carried out by banks from parties outside the bank itself, because it must be remembered that banks are business products that also want to make a profit.

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Quote from: Findingnemo on May 24, 2023, 03:25:03 PM

Quote from: Greggry on March 28, 2023, 03:25:14 PM

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

Well bank offer personal loan and credit cards that is the most common unsecured loan for a common man to reach out.

Banks only lend money to someone who has the capability to pay back or assets to confiscate for the default of the loan amount and yes these certificates are nothing but garbage it doesn't worth penny but you spend thousands of dollars and years of schooling to get that. The system made all of us to live stupid and die stupid too. Roll Eyes

Even personal loans are not given without security, you can't even get a credit card if you don't have a good enough salary as they would simply consider that you won't be able to complete the credits you might use each month if you don't earn enough. Banks are businesses just like centralized exchanges in the cryptocurrency world which operate and provide services to us but they do it all for themselves and not for us.

A diploma or a degree might not have that much importance these days but mainly big firms ask you for your qualification documents when you apply for a job, though you will most likely not make it since your experience won't be as per their criteria but it is still a requirement to have a degree.

bayudndy

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It is understandable that you bring a school certificate to borrow; they do not accept it. Banks may offer unsecured loans for smaller amounts or to customers with a good credit history and stable income. And if your loan amount exceeds the collateral level, it will be a short and risky loan. The rules have been set that you must accept them in accordance with the terms from the bank, and then they will confirm for you. They don't want to lose money because this is a business, not a child's game.

Findingnemo

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Quote from: Lanatsa on May 24, 2023, 04:32:43 PM

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Even if you are applying for a personal or business loan or even getting a credit card, they would really be still asking out about your income and other assets or whatsoever before you would be finding
yourself to be qualified.

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You may get credit card without meeting this criteria if you have wealthy bank transactions list and that's how I got the credit card just after I reached 18 years old, but they gave me a limit about nothing but that's how my credit history started and I used the credit card wisely now after 8 years I got the limit increased to decent level and they didn't asked me for any certification they just keep increasing my limit cause of timely payment and I am the one who decided whether I need higher limit or not.

If any student reading this and belongs to a stable financial background then make use of it wisely.

hannahB4

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I seriously do not blame them or see anything wrong in their response, imaging after borrowing that huge amount of money and failing to pay when due, will they sell your certificate to pay for the loan you borrowed? Properties can be sold, businesses can be sold and they will go for that.

Lanatsa

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Quote from: Findingnemo on May 24, 2023, 03:25:03 PM

Quote from: Greggry on March 28, 2023, 03:25:14 PM

Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.

Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.

Well bank offer personal loan and credit cards that is the most common unsecured loan for a common man to reach out.

Banks only lend money to someone who has the capability to pay back or assets to confiscate for the default of the loan amount and yes these certificates are nothing but garbage it doesn't worth penny but you spend thousands of dollars and years of schooling to get that. The system made all of us to live stupid and die stupid too. Roll Eyes

Banks are businesses and they wouldnt really be that dumb on letting someone to take a loan and just having that school certificate which is something having no sense on presenting it.They wont really be getting
any security with that. On what sense? How someone do really have that kind of courage on going into a bank and asking for a loan and would really be just putting up or showing them some certs? lol
Even if you are applying for a personal or business loan or even getting a credit card, they would really be still asking out about your income and other assets or whatsoever before you would be finding
yourself to be qualified.

These institutions are making money out of peoples money on putting up higher interest which is mostly the common play with these things which it would really be just that understandable that they would
really be that securing out and really be that strict when it comes to loan requirements.They would really be coming after with those properties or assets on which they could really get some benefits
if ever a loan wasnt been paid up.

puloweh555

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Quote from: ?? on ??

I don't think school certificates will be valid, on bank loans, therefore, this cannot be used as collateral, I don't think even a doctor's degree can be guaranteed there, because it is not liquid and banks don't like it.

Because educational certificates (diplomas) are not considered collateral that can be traded such as property or valuable assets. So that educational certificates are usually proof that we have studied and have personal achievements. So, diplomas do not have the same value in loan guarantees at a bank.

Because Banks generally look for collateral that has a measurable value and can be used as collateral that they can sell as compensation. if you fail to repay the loan. Property and land are often considered collateral because they have a stable value and can be clearly valued.

However, educational certificates sometimes have value too because they can become part of the bank's assessment when you apply for a loan. because it will be a plus for the bank to agree that your loan may be bigger than before.

Topic: Bank loans and securities. (Read 767 times)