Bank loans? Car loans?
I'm having a really hard time trying to figure out what to do about this mess. If i just had a car it would make EVERYTHING so much easier. any advice would be awesome. i'm 23. my bank is TD and i've been looking up car loans like crazy. my credit is not really that good. my credit card is $1,000 and in collections, but that is my only debt. i would really like to get approved for a loan and pay to buy a car under $5,000..say i was approved for $5,000 and bought a 3 or $4,000 car, could i put the rest on my credit card? and just have a monthly payment to ONE debt. is there anywhere i could go to make this easier? i want to go to school in january, would a car loan mess up with applying for osap. once i reach all my goals i can totally pay everything off, i need to get to school and back and work while in school, buses take all day and i'm going to school out of town and i can't rely on anyone for transportation...help help help :(
Best place to get first time home buyers loan, bank or finance company?
I have to agree with the other person who recommended waiting until you pay off debt and get your credit score higher. At 630, your score isn't bad, but it could be improved. And the fact she doesn't have credit at all will hurt your chances for the best rates. And if you could save some down payment, the more the better. You still may qualify for a 100% financed loan, but regulations have tightened on those lately and your options are fewer than they were just a few months ago. If you really want to go forward now, I have one big piece of advice for you. Don't worry so much about going with a bank, a broker, or a mortgage company. Worry about finding someone you trust that you are confident will get you the best deal possible. Ask for referrals from your friends, your family, your coworkers, etc. Referrals are a huge part of the mortgage business and you really need to trust the person you are working with. Do some research and you won't go wrong. Good luck with this. I recommend waiting and taking care of your finances, but if you decide to buy now, work with someone you trust. I've included a link to our first-time home buyer's guide. Many of the points you touched on in your question are explained in detail here.
How do I get a loan for buying agriculture land or what are the alternative ways to get a loan so that I can buy an agriculture land?
Information about Punjab National Bank Agriculture Land Loan scheme offer to farmers, so that you can have idea about it.TIME SCHEDULE FOR DISPOSAL OF LOAN APPLICATIONS:1 Upto Rs.2 lakh 2 weeks2 Above Rs. 2 lakh & upto Rs. 50 lakh 4 weeks3 Above Rs. 50 lakh & upto Rs. 100 lakh 5-6 weeks4 Above Rs. 100 lakh & upto Rs. 100 crores 6-7 weeks5 Above Rs. 100 crores 8-9 weeks2.MARGIN NORMS:Amount of Loan Margin 1 Upto Rs.1,00,000/- (both for short term and medium term) Nil2 Above Rs.1,00,000/- to Rs.2 lakh 5%3 Above Rs.2 lakh to Rs.5 lakh 10%4 Above Rs.5 lakh 25%Security for the loanProduction Credit/Investment Credit:(i) Upto Rs.1, 00,000/-Hypothecation of crops/assets created out of bank loan;(ii) Above Rs.1, 00,000/-(a) Hypothecation of crops/assets created out of bank loan;AND(b) Charge on land as per Agricultural Credit Operations and Miscellaneous (Provisions) Act of the State concerned/Mortgage of agricultural land valued at 100% of amount of loan for other farmers and 75% of the loan amount for small farmers/marginal farmerORAlternate security, viz., charge/lien over liquid securities such as term deposits/NSCs/KVPs, etc.,which may be considered adequateORSuitable third party guarantee.(a) Under the Scheme of Agri-Clinics and Agri-Business Centres:(i) Upto Rs.5 lakh:Hypothecation of assets created out of bank loan;(ii) Above Rs.5 lakh:(a) Hypothecation of assets created out of bank loan;AND(b) Charge on land as per Agricultural Credit Operations and Miscellaneous (Provisions) Act of the State concerned/ Mortgage/Equitable Mortgage of agricultural land/any other suitable property valued at 150% of amount of loan for other farmers and 100% of the loan amount for small farmers/marginal farmers;ORAlternate security, viz., charge/lien over liquid securities such as term deposits/NSCs/KVPs, etc., which may be considered adequate.ORSuitable third party guarantee.
Is it against the law to buy a car from other person that the bank wants to repo?
If your friend is trying to commit fraud to try to get out of paying for a car he agreed to pay for, then it is against the law. If you are trying to come up with some sort of scheme with him to try to keep the bank from taking the car, then you would be guilty of conspiracy to commit fraud, as well. The bank has the title, so you will have to pay off the bank lein on it to make the transaction and get the title. As long as the bank has the title, they can come and get it whenever they want if your friend has defaulted on the terms of the agreement. It doesn't matter who is in possession of the vehicle, your transaction with him is void because he does not own it. . Regardless of this situation, never buy a car from a friend, anyways. Nothing good comes out of it.
Car dealership giving me the run around.?
I got preapproved from my bank for an auto loan. I got my car on wend of last week, the dealership was supposed to send over the paper work so the bank would pay them, it is now Friday of the next week and my bank has been calling the dealership multiple times a day we finally got through to them n they said they mailed it but didn't know what day... If the bank decides they don't want to deal with the dealerships bs because they won't send the paperwork what could I do