how important the requirements in applying for loan
1. how important the requirements in applying for loan
Answer:
The most important factor in deciding whether to borrow money is you. Looking at monthly and yearly budgets may help you understand just how much you can afford to make in loan payments, thus helping you decide on a loan amount.
sana maka tulong
2. Enumerate 5 loan requirements of a nonbank
Answer:
Application FormValid personal identification documentsCredit information/collateral fileCredit investigationExplanation:
3. two samples of loan requirements to corporation
Answer:
age of business and current amount of debt.
Explanation:
Age of business. New businesses often have difficulty getting funding because most lenders only lend to businesses with a track record of at least two years
Current amount of debt. The other part of the debt-to-income ratio is debt. Businesses and borrowers with too much debt will have difficulty getting new loans.
4. Ken loaned mario p5,000,000 under a written loan agreement the principal of the loan will mature in 5 years and pays, 10% annual interest. ken required mario to submit a promissory note to secure the loan. after a year, mario incurred delay in interest payment prompting ken to require mario to mortgage his residence with a total fair value of p4,000,000 as security to the loan. compute the documentary stamp tax on the mortgage.
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5. why is it important for banks to collect all the loan requirements???
Answer:
To avoid conflicts and be assured that the borrower will pay its loan. Also, for the bank to confirm if the borrower is legit and if ever she/he cannot pay the bank anymore, the bank will get some of borrower's asset or the agreed collateral
6. what are the objectives of landbank and DBP?
sana maka tulong ________
7. If a car loan of Php 790,000 requires a 20% downpayment. How much is the mortgage?
120
Step-by-step explanation:
790×20=1290÷2000=120
8. explain the history of dbp
Answer:
DBP's history can be traced back during the Commonwealth when the early infrastructure for development financing was laid by the government. 1958 – The RFC was reorganized into the Development Bank of the Philippines. ... The change in corporate name marked the shift from rehabilitation to broader activities.
9. if a car loan of p790.000.00 requires a 20% down payment. how much is the mortgage?
Answer:
632,000
Step-by-step explanation:
20% of 790,000: P158,000
790,000-158,000=632,000
10. Enumerate 5 loans requirements of a bank?
Answer:
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Answer:
Capacity to Repay
Collateral of Leverage
Capital Holdings
Character or Reputation
Conditions of the Market
11. what are the common requirements in order to do a bank loan
Answer:
hope it helps
Step-by-step explanation:
have good day
12. VI.If a car loan of P790,000 requires a 20% down payment. How much is the mortgage?
Answer:
20% of 790,000: P158,000
790,000-158,000=632,000
632,000÷(How long would you pay for it)
Example: 632,000÷12(12 months)=52,666.6666667
*It actually depends on how long would you pay for it
13. in loan application, when is co-maker required?
Answer:
This depends on the lender. If the lender sees that you are unable to meet all criteria or if you want to borrow money without risking any of your assets, then applying with a co-maker could increase your chances of approval.
14. What comes to your mind when you hear the word loan requirement?
Answer:
Oh, I have to collect a lot of paperwork, prepare many documents, submit them to the loan officer, wait until the underwriting completes, and then wait again for the funding, right?
Actually, this is not true.
Nowadays, borrowers can apply for a loan simply and easily, without too much paperwork and waiting.
15. In loan application, when is a co-maker required?
Answer:
Is co-maker required in all loan transactions?
This depends on the lender. If the lender sees that you are unable
to meet all criteria or if you want to borrow money without
risking any of your assets, then applying with a co-maker could increase your chances of approval.
Step-by-step explanation:
16. What are the basic requirements and processes in a loan application?
Answer:
application, underwriting and closing
17. why might someone be required to put in a down payment in order to recieve a loan?
So if they don't pay the loan back they have money still
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18. ano ang tungkukin ng dbp
Answer:
Tungkulin nito ang pagpapaunlad sa mga pamayanan sa larangan ng pananalapi.
Explanation:
sana po makatulong
19. A car loan of P850,000 requires a 15% down payment How much is themortgage?
P=850,000
r=0.15
F=p(1+r)
F=(850,000)(1+0.15)
F=
Step-by-step explanation:
20. why is it important for banks to collect all the loan requirements?
Answer:
A documentation loan is a type of loan demanding full details to substantiate income and asset statements by a borrower to obtain financing. The huge percentage of loans are loans related to secured loans requiring full documents. The borrowers use the documentation given during the underwriting process to ensure that the funding application is correct and to further evaluate the conditions of a loan agreement.
21. illustrates the classification of hypertension. (SBP-DBP)
Answer:Practice Essentials
High blood pressure (BP), or hypertension, is defined by two levels by 2017 American College of Cardiology/American Heart Association (ACC/AHA) guidelines [1, 2] : (1) elevated BP, with a systolic pressure (SBP) between 120 and 129 mm Hg and diastolic pressure (DBP) less than 80 mm Hg, and (2) stage 1 hypertension, with an SBP of 130 to 139 mm Hg or a DBP of 80 to 89 mm Hg.
Hypertension is the most common primary diagnosis in the United States. [3] It affects approximately 86 million adults (≥20 years) in the United States [4] and is a major risk factor for stroke, myocardial infarction, vascular disease, and chronic kidney disease
Explanation:correct me if im wrong
22. Which type of loan requires that you pay the interest accumulated during college?
The answer would probably most likely be Student Loans.
I'm not 100% sure on the technical name for it but to sum it up it would be Student Loans.
Hope this helps. Have a wonderful day.
23. difference of loan requirements in banking and non bank institution?
hope it helps
# Carry on learning
24. list down 5 requirements for nonbank loan
Answer:
Application FormValid personal identification documentsCredit information/collateral fileCredit investigationExplanation:
25. What are the papers and documents required in a loan application?
Answer:
Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
Address proof (copy of passport/voter ID card/driving license/Aadhaar)
Bank statement of previous 3 months (Passbook of previous 6 months.
More items...•
26. in loan application, when is co-maker required?
Answer:
This depends on the lender. If the lender sees that you are unable to meet all criteria or if you want to borrow money without risking any of your assets, then applying with a co-maker could increase your chances of approval.
27. ano ang kahulugan ng DBP
Development Bank of the Philippines
DBP- Development Bank of the Philippines
28. draw a ray that bisects <DBP
explanation:sana makatulong
29. Gawain 1 LANDBANK,GSIS,DBP
Ano ang LANDBANK?
- Ang Landbank ay isang bangkong pag-aari ng gobyerno sa Pilipinas na may espesyal na pagtuon sa paglilingkod sa mga pangangailangan ng mga magsasaka at mangingisda.
Ano ang GSIS?
- Ang Government Service Insurance System ay nagbibigay ng social security coverage sa mga empleyado sa pampublikong sektor. Opisyal nitong sinimulan ang mga operasyon nito noong 31 Mayo 1937 na ang programa ng seguro sa buhay bilang tanging negosyo nito.
Ano ang DBP?
- Ang Development Bank of the Philippines ay isang development banking na institusyon na nakatuon sa pagbuo ng bansa sa pamamagitan ng pagtulong sa mga kritikal na industriya at sektor, pagtataguyod ng entrepreneurship partikular na sa kanayunan, pagtulong sa pagbuo ng mas produktibong mga komunidad, at pagsusulong ng pangangalaga sa kapaligiran.
Sana makatulong...
30. In a car loan of Php 1,400,000 requires a 30% down payment.How much is the mortgage?
Answer:
你好
Step-by-step explanation:
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