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

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تم إضافة السؤال من قبل Zaid Mahadin
تاريخ النشر: 2015/04/06
Shamseer KM
من قبل Shamseer KM , Accounts and Admin Payroll , KBM Group

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. 

مستخدم محذوف‎
من قبل مستخدم محذوف‎

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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