Guarantee, as the name suggests, loans offered by institutions such as banks or financial corporations a borrower are cash only if they offer a warranty or guarantee against the loan. Guarantees can be offered in the form of cash in the Bank, in which bank pays interest, but is still the deposit with the Bank, if the total amount of the loan from the borrower has been paid. Other items accepted by value, because the collateral is personal property, that the Bank can easily be removed to obtain liquidity. House - and apartment owners benefit money for their improvement projects collateral loans for home, buying expensive household appliances, as well as to consolidate their various debts.
In General, the expression cash guarantee, to refer that lenders can easily be removed to money if the borrower declared bankruptcy on any type of property is used. In fact, many collateral can be described as an asset, which is prepared to accept the lender as collateral for cash loans. Basically financial investment and assets including cash, financial instruments and securities all suitable types of collateral loans provide protection. However the type varies title selection acceptable from different lenders often. For example a certain type of assets accepted by a lender may refuse to while another lender as collateral.
There are different types of resources available to ensure the guarantee for cash advances, an option that is often used is the deposit in cash from the Bank or lender discount interest of an account. Deposit must be maintained until the entire loan will be disbursed. This account must Furthermore, always a balance equal to or greater than the outstanding against the loan at any time. Some lenders allow borrowers do not make withdrawals from this account, except in very rare cases. If they allow the deduction of funds from these accounts, if the loan completely, been paid it is more likely that you download fines and fees.
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