Bank loans and securities. - page 3.

South Park

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Quote from: nesty on May 03, 2023, 03:39:15 AM

Quote from: Greggry on March 28, 2023, 04:25:14 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.

Of course any bank cannot approve a loan without any collateral specially if you are borrowing a big amount of money. No bank would accept school certificates to be your loan collateral. Mostly banks require land titles, bonds, stocks, house, car, those are samples of properties that can be accepted as collateral. That is one of the requirement of financial institution if you want to be granted with a loan, of course part of it is your capability to pay, you will need to provide your source of income like guaranteed employment certificate together with your updated payslip and tax certificate. So do not be disappointed if they will not grant you a loan because you need to follow their important requirements.

Banks like any other business are only going to make a move if they think they can getting something out of it, and it is obvious that if a person does not really have any kind of collateral and they cannot demonstrate they have a high enough income in order to pay the debts they are acquiring then the bank has no reason at all to loan that money, we may not like it but that is just the way banks work, and if anything I expect that banks are going to get more strict from now on as they do not want to take any risk with economy not doing as well as it was predicted.

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Quote from: nesty on May 03, 2023, 03:39:15 AM

Quote from: Greggry on March 28, 2023, 04:25:14 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.

Of course any bank cannot approve a loan without any collateral specially if you are borrowing a big amount of money. No bank would accept school certificates to be your loan collateral. Mostly banks require land titles, bonds, stocks, house, car, those are samples of properties that can be accepted as collateral. That is one of the requirement of financial institution if you want to be granted with a loan, of course part of it is your capability to pay, you will need to provide your source of income like guaranteed employment certificate together with your updated payslip and tax certificate. So do not be disappointed if they will not grant you a loan because you need to follow their important requirements.

Banks, right? A total nuisance in our, uh, behinds! They won't give a loan without collateral: a house, car, or something pricey. And don't get me started on income proof – insane! But remember, banks are businesses. They need profits to survive. Lending money means risks, and collateral helps them manage it. Still, the system's flawed. Time for banks to think creatively, offer loans for those lacking traditional collateral. No house or car doesn't mean no credit, folks!

nesty

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Quote from: Greggry on March 28, 2023, 04:25:14 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.

Of course any bank cannot approve a loan without any collateral specially if you are borrowing a big amount of money. No bank would accept school certificates to be your loan collateral. Mostly banks require land titles, bonds, stocks, house, car, those are samples of properties that can be accepted as collateral. That is one of the requirement of financial institution if you want to be granted with a loan, of course part of it is your capability to pay, you will need to provide your source of income like guaranteed employment certificate together with your updated payslip and tax certificate. So do not be disappointed if they will not grant you a loan because you need to follow their important requirements.

siniminomorocomunisakito

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Quote from: Greggry on March 28, 2023, 04:25:14 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.

Banks as financial institutions are very narrow in dealing with other people and it is true that banks have special security measures when providing loans. They usually require collateral, such as property or an investment, to ensure that they can recover the loan amount if the borrower defaults. However, it is also important to note that banks have a responsibility to assess the risk of lending to individuals and businesses, because their financial stability is at stake. While financial institutions may have strict loan requirements, they also have an obligation to ensure that loans are made in a responsible and sustainable manner.

blakepiper

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Hi there! I understand your frustration with the loan application process at banks, it can be difficult to get approved without the necessary documents. However, consider seeking guidance from a financial advisor or company like http://www.thefinitygroup.com. They can help you better understand the loan application process and provide you with advice on how to improve your chances of getting approved. It's important to note that while having valuable certificates can increase your chances of approval, it's not the only factor that banks consider.

Silberman

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Quote from: Semar Mesem on April 04, 2023, 11:33:45 AM

Be aware if we want to borrow money from a bank, make sure we read carefully all the lines of the agreement, because agreements are usually made for the benefit of the bank and often make customers lose, and in my opinion, after knowing bitcoin, the best thing is to transfer all the money in the bank to a private wallet.

And this should not be surprising at all, I mean one of the main sources of income for banks is to give money that people need now with very clear terms that stipulate the bank will get even more money in the future, and if the person happens to default on their loan then they need to have enough assets to cover the debt they have with the bank, and if people cannot do either then it is obvious that banks are not going to lend them a single cent.

naikturun

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it seems they prefer securities, or other commodities at least the goods have value, I know school certificates also require money to get but this is in a different sense.
that mean something that recognized as having values such as jewelery and houses.

xSkylarx

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Quote from: Semar Mesem on April 04, 2023, 11:33:45 AM

Be aware if we want to borrow money from a bank, make sure we read carefully all the lines of the agreement, because agreements are usually made for the benefit of the bank and often make customers lose, and in my opinion, after knowing bitcoin, the best thing is to transfer all the money in the bank to a private wallet.

Most of the agreements when it comes to loaning money to a bank are that banks can benefit from it because of its interest. If you don't agree with those terms of agreements, you won't be amending them as they won't accept them as that is their policy, and you also need money, so either you sign it to get money or if you don't, you won't get anything. It is really a forced thing, and you don't have any other choice about it.

Semar Mesem

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Be aware if we want to borrow money from a bank, make sure we read carefully all the lines of the agreement, because agreements are usually made for the benefit of the bank and often make customers lose, and in my opinion, after knowing bitcoin, the best thing is to transfer all the money in the bank to a private wallet.

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It's unfortunate that financial institutions often prioritize physical assets like real estate over educational or personal achievements when considering loan requests. This can make it difficult for individuals without access to such assets to secure loans and make financial progress. It's important for financial institutions to consider a diverse range of factors when evaluating loan requests and not solely rely on traditional collateral measures.

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Quote from: Greggry on March 28, 2023, 04:25:14 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.

Your school cert is not an item or commodity that can be traded. It's an asset that each person has like a personal identity. So it's only natural that the bank rejects it as collateral for a loan. It's different if the collateral is assets such as property, vehicles, fields, that can be accepted by the bank because these assets are legally owned by the state to be traded by the public as an effort to develop a business or residence.

Not that education cert is not an important thing to consider, but just imagine with a figure of $ 2000 more and one day you don't pay bills and finally your school cert is held by the bank, what will the bank get? Will the bank use it to register for work at the company? ha ha Grin

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Quote from: soramon on April 03, 2023, 10:15:57 AM

Bro what you expect when you take a loan and you offer your school certificate as bail. The bank will check your background they have that kind of data. My brother work at bank he told me to never take a online loan or something like that. If you have a problem with payment your identity will be put on "black list".

given a school certificate loan can be accepted in any bank through the country that you are into and secondly bank does not accept things that is not property officially by anyone before giving out a loan so I think this young woman who presented it certificate for bank collateral don't have a good plan to refund the money because it come be seen in another perspective that the certificate might not be a certificate or the certificate is a stolen one that is the reason I want to use the certificate for a loan

RockBell

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Banks consider lots of processes to be able to give you a loan there are requirements that must be met, you stated about having your certificate as collateral is funny no bank will grant a loan with that, the collateral value has to be equivalent to the amount of loan you want to take, most collaterals have seen are properties and lands so that once you can not pay then the bank will collect the property from the owner to cover for the loan, if you have property or lands you can re-process the loan.

Issa56

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Quote from: Greggry on March 28, 2023, 04:25:14 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.

Bank is asking for collateral incase if you can't pay back the loan, they can sell what you use as collateral and they will get there money back. The certificate which you presented, what do you want the bank to do with incase if you didn't pay back? How do you expect them to get there money back, do you want them to sell your certificate which is impossible. Don't think your certificate is useless but bank is looking for what they can sell incase if you didn't meet up.

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Quote from: Mpamaegbu on April 03, 2023, 02:18:00 PM

Quote from: Greggry on March 28, 2023, 04:25:14 PM

So that's mean education do not have the real value but properties does.

What were you expecting? That banks should accept your school certificate in lieu of landed property or asset? That's not possible. Your certificate means nothing to the bank. It can mean the world to you but certainly not to the bank. Banks are cruel capitalists. Their major focus is always on how to recoup their money in case a borrower defaults. Your cert can't raise the money if you default because it can't be sold. Again, who told you that you can't get a job or earn a living without your cert once you hand it over to the bank? Of course, banks know all that gimmick and won't bow to it.

For an institution who do ran off tons of cash out of peoples money, they cant really just let you lend a loan on showing your school certificate or records.On what thing they could able to get from that?
There would be no security on their part if ever they would grant you a loan.This is why they do really lent out loans into something which could really be able to repay it back and wont really
tend to easily grant out to those who arent that eligible or capable.This is why they would be making out CI and full identification and verification.This is why
they would really be that strict when it comes to requirements or whats been needed.

Mpamaegbu

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Quote from: Greggry on March 28, 2023, 04:25:14 PM

So that's mean education do not have the real value but properties does.

What were you expecting? That banks should accept your school certificate in lieu of landed property or asset? That's not possible. Your certificate means nothing to the bank. It can mean the world to you but certainly not to the bank. Banks are cruel capitalists. Their major focus is always on how to recoup their money in case a borrower defaults. Your cert can't raise the money if you default because it can't be sold. Again, who told you that you can't get a job or earn a living without your cert once you hand it over to the bank? Of course, banks know all that gimmick and won't bow to it.

ivankoh

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Once you have your student ID, you will have the opportunity to get access to a loan to cover your study costs. That means the loan will have a lower limit depending on the type of bank support and the government's proposals. At the higher limit, it is a property mortgage loan, their suggestions and claims to you are right, that is to do their duties and regulations properly. Some banks now accept the use of securities as collateral for bank loans, but it also has a lot of strict requirements for that securities code. A more complex process would do

soramon

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Bro what you expect when you take a loan and you offer your school certificate as bail. The bank will check your background they have that kind of data. My brother work at bank he told me to never take a online loan or something like that. If you have a problem with payment your identity will be put on "black list".

Wong Gendheng

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When we already know Cryptocurrencies, it is time to leave banks loan and securities, moreover almost all banking functions can now be replaced in cryptocurrencies because many projects work according to target such as defi, which provides better services than banks, besides that we must be aware of the banks offer which usually looks tempting.

G_Besar

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Quote from: Paul Pogba on April 01, 2023, 11:42:13 AM

Banks benefit from consumers' savings which are then used to provide credit to the public, banks provide interest of 10% per year while banks can earn interest of more than 40% per year if consumers take auto loans. Of course this is not fair, so it is time for us to open our minds to make banks a place to store money.

Haven't you used the bank as a place to save money all this time? If you talk about them (banks) utilizing consumer savings to gain profit through annual interest, it is a very natural thing for them (banks) to do. Because basically banks are also humans who need food to be able to continue to run the banking system that they have and the bank also needs money to pay the salaries of its employees so it's only natural that they work to earn interest which I mentioned is an advantage for them from keeping every money their own consumers.

Topic: Bank loans and securities. - page 3. (Read 735 times)