2007-01-18 23:13:34 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
In general, bank loan pricing is decided by seveal things:
- the bank's cost of getting money
- its perception of the borrower's credit worthiness
- value and liquidity (how hard it is to sell) of the collateral (if any)
- amount of competition from other lenders
2007-01-20 13:54:57 · answer #1 · answered by PMD 3 · 0⤊ 0⤋
the decing factors are amount of the loan,tenure,purpose for u.
the FI includes the profit,the cost and other factors.
u may download ready reckoner from any one of the bank website.
2007-01-21 13:38:11 · answer #2 · answered by yaahooli 1 · 0⤊ 0⤋
its very simple .... as for fixing the rates of interest in the banks the policiy is that depending on the field in which is working the banks fixes the rate of interest n also the emi`s.the othrer main point is that they give preferances to the companies who opt any bak for salary accounts
2007-01-18 23:21:38 · answer #3 · answered by ttt 1 · 0⤊ 0⤋
Depends on your credit
Depends on what you buy
Depends on how long you want the loan
There are allot of factors.
Ask your particular lending institution.
2007-01-18 23:16:53 · answer #4 · answered by holeeycow 5 · 0⤊ 0⤋