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In a bank loan, when banks ask for property as collateral, should the developer or the lender cover the cost?

Banking
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Question ajoutée par Zaid Mahadin
Date de publication: 2015/04/06
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Shamseer KM
par Shamseer KM , HR Payroll Officer , Al Darwish Engineering W.L.L

A bank loan is a monetary loan received from a commercial lender. The loan may have a specific purpose, such as a car loan or a home loanLoans made on collateral--such as car loans and home mortgages--have a security attached to the loan. For example, if a customer stops paying on his car loan, the bank will repossess the car to protect their interest. The car is then sold to recover the outstanding balance of the loan. 

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In bank loan

As is the case in our bank

Should cover the mortgage

125%

 

The value of the loan granted and to be financed

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