I have a savings account
2007-04-03 13:46:46 · 7 answers · asked by nando 2 in Business & Finance ➔ Credit
A loan taken for either personal or family or household purpose is called a personal loan. It should not be used for other purposes like buying a property etc as the interest rate are very high. It should be used solely to meet your personal needs or short term needs like going on a holiday, meeting your medical expenses or for miscellaneous causes.
Usually, these loans are processed very quickly, since they are used to meet emergency expenses. With the lavish lifestyles, people want instant money to fulfill their rising aspirations.
2007-04-04 03:36:34 · answer #1 · answered by See Saw 3 · 0⤊ 0⤋
1
2016-09-28 16:53:37 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Yes, banks sometimes make what is called a "secured loan". When you have money in a specific type of account that is frozen, the bank will loan you money up to the total of your account. You will need to make monthly payments on time to repay the loan, spread out over the length of your signed agreement.
This is one way of establishing your credit.
2007-04-03 13:51:45 · answer #3 · answered by Hope 7 · 0⤊ 0⤋
this is most useful info about bad credit loans from worldwide banks visit
2007-04-04 04:14:08 · answer #4 · answered by xxx 2 · 0⤊ 1⤋
why not you can also get loan from other banks also i think that the below website will help you to find the right solution.
2007-04-04 00:54:15 · answer #5 · answered by jack 2 · 0⤊ 1⤋
No, you most likely won't get approved. Try to get a credit card to help restore and build a credit history first.
2007-04-03 16:51:42 · answer #6 · answered by Anonymous · 0⤊ 2⤋
you would probably need collateral
2007-04-03 13:49:35 · answer #7 · answered by Belgrademitch 5 · 0⤊ 0⤋