Mortgage లోన్ పెట్టే ముందు ఈ వీడియో ని చూడండి !2019!SIVAINFOTV ! | Jabar Post Indonesia/a> – This time JabarPost.Net will discuss about Loan.
The following is Mortgage లోన్ పెట్టే ముందు ఈ వీడియో ని చూడండి !2019!SIVAINFOTV !. And for those of you who want to find a similar explanation, you can search in the Loan category
Mortgage లోన్ పెట్టే ముందు ఈ వీడియో ని చూడండి !2019!SIVAINFOTV ! | Jabar Post Indonesia
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.
The document evidencing the debt, e.g. a promissory note, will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.
Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
Mortgage లోన్ పెట్టే ముందు ఈ వీడియో ని చూడండి !2019!SIVAINFOTV !
Mortgage means it is a type of security given at the time of taking loan.
Let’s assume that there is Buyer , who wants to purchase a house.
If a buyer wants to buy a house for 50 lakhs but he have only 10 lakhs with him then he will approach the Bank to provide him a loan of that remaining 40 lakhs to buy that house.
Bank will not give the loan amount directly to the buyer as first the buyer will make the down payment of 10 lakhs to the seller and bank will approve his loan and gives that 40 lakhs to the seller directly and Bank will keep all the Title Deeds and documents of the house with it as a security of loan given to the buyer. Loan agreement between the bank and the buyer and a Charge will be created between them.
If the buyer makes any default in the payment of the loan amount then the bank will sell this house and recover its loan amount ..this is called as Mortgage.
Mortgages will be of 2 types: they are .
Secured loans and
In brief : Secured loans : Secured loans are those by which there is a security given to the lenders/ creditors.
Loan Against the property , that is property loans ,, which is called as Home loans.
Bike loan or Car loan , here there will be a note written on the document of bike or car RC as Hypothecation.
Gold loans .
Loans against securities like [ fixed deposits= FD , Mutual Funds =MFs, Shares , etc].
Unsecured loans are those loans where is no security given to the creditors / lenders only based on the credit history the loan will be given.
Personal loans: Based on credit history.
[ CIBIL= Credit Information Bureau India limited ].
Credit card debts .
Equity means the ownership,
That is the information About Mortgage లోన్ పెట్టే ముందు ఈ వీడియో ని చూడండి !2019!SIVAINFOTV ! | Jabar Post Indonesia
Such are some brief explanations about Mortgage లోన్ పెట్టే ముందు ఈ వీడియో ని చూడండి !2019!SIVAINFOTV !.>