Lending from bank

Discussion in 'Private & Conventional Lending Discussion' started by waseem59, May 9, 2014.

  1. waseem59

    waseem59 Well-Known Member

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    Which banks lend soon like i want to ask from which international bank loan amount is approved faster with low interest rates. and what all the documents i need to submit to the bank for the approval of loan.
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I'd go through the yellow pages with a pen and paper and call and talk to a loan officer at each bank in your area.

    You might also try credit unions - they tend to have more lax credit and income requirements.

    Finance companies will write riskier loans, but their rates are relatively high.
     
  3. Lasonax

    Lasonax Active Member

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    I'm not sure how many banks allow international customers to take loans, as far as I know not many banks do that atleast.

    Your best bet is to simply look around with your countries banks, compare their interest percentages and ask the banks themselves. I think what you are looking for is a dream bank with instant loans and extremely low interest rates, and such a bank is unlikely to exist. If you want a loan extremely fast and without any security, you're going to have to pay way more. If you want to have a secure loan that takes a bit longer, and that requires more out of you: you'll pay less.

    They will probably need your credit card record, your income, current loans, and so on.
     
  4. alexisfinch24

    alexisfinch24 Well-Known Member

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    I would have to say researching your specific requests that I could not find many banks that would lend to you. But, there were a couple of sites that looked promising. However, I do not think being international you would get all the specifics you are looking for simply for that reason.
     
  5. wander_n_wonder

    wander_n_wonder Guest

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    If you are really looking for a low interest rate, your best option is to go to the bank that you have a long-term relationship with already. Your track record will give the bank an increased confidence in providing you with the funds that you may need. Of course, in general, banks have structured rules in terms of lending process and interest rates, but you can just expect more customized approach if you have a good record and been banking with them for a long time.
     
  6. Ricardo187

    Ricardo187 Member

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    I don't know of any bank that allows international loans, but I believe the best you can do is really contact your local banks and ask for a simulation. Every bank is difference and the interest rate is something you must pay attention to, as you might be trapped into a never ending credit.
     
  7. Rosyrain

    Rosyrain Senior Investor

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    I would be very careful of any bank that would offer an international loan because this is something that mist banks would not typically do. Banks are very conservative about who they give loans to these days so you are better off going through a local bank.
     
  8. Gelsemium

    Gelsemium Senior Investor

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    So true, I've taken a couple of loans (apart the one from my house) and I've done if from banks and other credit companies. No need to go international IMO.
     
  9. Rainman

    Rainman Senior Investor

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    Got assets which you can leverage to secure a loan or loans from international banks? Then probably that wouldn't be much of a problem if said assets are in a location where the bank has its branches. However, if what you seek is an unsecured loan then it will be much harder to get one from an international bank.
     
  10. Peninha

    Peninha Senior Investor

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    Sure, banks will not lend their money in an unsecured way, the want warranties in the form of insurances or mortgages, not many ways around that.
     

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