loan is that amount which is taken from outside sources like any bank or any other financial institution but finance we can also provide by ourself like we can finance our business from our on personal source
The main difference between loan syndication and consortium finance is that syndication is done based on common terms between the lender and borrower. Consortium finance has to be arranged by the borrower, such as when one bank cannot accommodate the entire loan amount.
What is the difference between bank loan and bank credit?
The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
finance charge - This is the one time fees that the bank may charge for processing your loan Interest rate - This is the rate at which you must pay the bank interest for availing the loan during the loan tenure. Ex: Assuming you take a Rs. 1 lakh loan for 1 year at 10% fixed rate of interest and a 0.5% processing fee/finance charges ==> Monthly payment = 9166.67/- (Out of this Rs. 8333.33 would be principal repayment & Rs. 833.33 would be interest) Finance charges = Rs. 500/-
I just want to understand the differrence between Admin and finance.
The main difference between loan syndication and consortium finance is that syndication is done based on common terms between the lender and borrower. Consortium finance has to be arranged by the borrower, such as when one bank cannot accommodate the entire loan amount.
how do interest rate calculated in a car loan finance by chase bank
What is the difference between An Accountant and a Finance officer?
home minister and finance minister are same there is no any difference between them.....
What is the difference between bank loan and bank credit?
Yes, the loan from your finance company is a legally binding contract between you and them. You are solely responsible for the fulfillment of that loan.
You will have to pay the difference between what the finance company gets when they sell the car and the ballance on the loan. All it means is that the finance Co would have gotten more for the car if it hadn't been damaged so you would have owed less on the remander of the loan.
The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
Investors are the people who provide a business with the finance it needs. This finance can come from owner's capital, loan capital from banks or grants from State Agencies. Entrepreneurs are people who take the initiative to turn an idea to business.
NO
finance charge - This is the one time fees that the bank may charge for processing your loan Interest rate - This is the rate at which you must pay the bank interest for availing the loan during the loan tenure. Ex: Assuming you take a Rs. 1 lakh loan for 1 year at 10% fixed rate of interest and a 0.5% processing fee/finance charges ==> Monthly payment = 9166.67/- (Out of this Rs. 8333.33 would be principal repayment & Rs. 833.33 would be interest) Finance charges = Rs. 500/-
Base Price and sale price can be negotiated down to the loan price, which is the agreed upon amount you will finance.