2007-03-16 05:12:51 · 0 answers · asked by MAHESH KULKARNI P 1 in Business & Finance ➔ Credit
It is a request/application for loan/funds on credit evaluated on its merits by a bank/funder/funding institution etc. Among others aspects, the purpose of loan, genuineness of its need, its quantum, borrowers repayment capacity, security etc are assessed on some parameters before loan is actually granted.
2007-03-16 06:56:51 · answer #1 · answered by helpaneed 7 · 3⤊ 1⤋
Appraised Meaning
2016-10-04 02:08:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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Sorry, but you are misreading what is stated. The intent is to inform you that you cannot get a loan for the full sales price if the appraisal does not meet the sales price. It does not work the other way. You don't get MORE than the appraised value because the house is being sold cheaply. Good try though.
2016-04-10 04:29:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A loan appraisal is where, a person from an appraisal company comes to your house and looks over the inside and outside of your house. They also are known to measure rooms , and take the measurements of your home to know the square footage of the home. They also measure your lot size. And they note if you have any outside buildings, and they will look over those too. Just to get an idea to see how much your home is worth, so the loan company can finish figuring your loan for you.
2007-03-16 08:42:32 · answer #4 · answered by Anonymous · 2⤊ 2⤋
Evaluation of risk and forecast of repayment of loan is called loan appraisal
2014-12-16 18:05:51 · answer #5 · answered by Krishna 1 · 0⤊ 0⤋
ONCE A PERSON APPLIES FOR A SPECIFIC TYPE OF LOAN FROM ANY BANK OR FINANCIAL INSTITUTION, THEN THE LOAN APPILCATION WILL BE GIVEN TO AN OFFICER WHO WILL APPRAISE THE APPLICATION AND GIVE HIS RECOMMENDATIONS OR OTHERWISE REASONS TO THE SANCTIONING AUTHORITY.
IN THE APPRAISAL, THE OFFICER WILL CHECK THE DATA GIVEN BY THE APPLICANT, THE PURPOSE OF THE LOAN AND THE REPAYING CAPACITY OF THE APPLICANT ALONG WITH THE VIABILTY OF THE PROPOSAL AND OFFER HIS REMARKS.
BASING ON THE RECOMMENDATIONS OF THE APPRAISING OFFICER, THE SANCTIONING AUTHORITY EITHER SANCTIONS THE LOAN ARE REJECT THE APPLICATION AND FORWARD THE SANCTION LETTER OR REGRET LETTER TO THE APPLICANT.
2007-03-19 17:51:42 · answer #6 · answered by arpita 3 · 1⤊ 0⤋
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RE :What is loan appraisal?
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2017-03-26 16:22:14 · answer #7 · answered by ? 6 · 0⤊ 0⤋