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| *Loan,banking and credit>>>bank loan |
How loan pricing is done in banks? |
How loan pricing is done in banks? In general, bank loan pricing is decided by seveal things: - the bank's cost of getting money - its perception of the borrower's credit worthiness - value and liquidity (how hard it is to sell) of the collateral (if any) - amount of competition from other lenders Source(s): 25 years experience on the Street. Depends on your credit Depends on what you buy Depends on how long you want the loan There are allot of factors. Ask your particular lending institution. its very simple .... as for fixing the rates of interest in the banks the policiy is that depending on the field in which is working the banks fixes the rate of interest n also the emi`s.the othrer main point is that they give preferances to the companies who opt any bak for salary accounts the decing factors are amount of the loan,tenure,purpose for u. the FI includes the profit,the cost and other factors. u may download ready reckoner from any one of the bank website. |
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