It’s quite natural to get carried with the fact that there non- bank which will give you a loan, more so if you a regular bank has already rejected your application for a micro loan and you desperately need this loan. This loan could be for venturing into a business that you always wanted to start, could be for a wedding in your family, and could be for a medical treatment of you near and dear one. There are plenty of reasons why you would require a loan, and the reasons could be endless.
A few factors which should be always kept in mind before you finalize a non- bank and start dealing with them. A few basic know about can help us gauge whether the non-bank we plan to take up a loan from is a reliable one or not. Being a common man, it might be difficult for us to look and understand the financials, but there a few things even we must research from our end.
CONCLUSION: It is always good to know a little extra, do a little bit of research and make yourself comfortable before you finally take the plunge, rather than start dealing without any know how and regret later! For example check this non-profit online project http://ww.nebankové-pôžičky.com which summarizes quite naturaly all these points. You can also visit Wikipedia.org to read about banking regulation rules.
A few factors which should be always kept in mind before you finalize a non- bank and start dealing with them. A few basic know about can help us gauge whether the non-bank we plan to take up a loan from is a reliable one or not. Being a common man, it might be difficult for us to look and understand the financials, but there a few things even we must research from our end.
- The first and the most important thing to know about a non-bank is that what are the assets possessed by the bank. These could be fixed assets such a real estate, computers and furniture to name a few. How many people are employed in the non-bank, we plan to deal with and what has been their tenure with the bank. This way one can get to know the reliability of the non-bank.
- The overall liquidity of the non-bank should be also kept in mind. The best liquid asset that a bank possesses would the cash in hand the non-bank has, government securities, and also the money that is due to this non-bank by the other banks.
- It is always good to know and find out what all does a bank has? What does all do the non-bank owe? A good example of this could be how much amount would the non bank owes to the customers and how many people have deposits in the bank.
- An analysis of the riskier assets of the bank would also play an important role in finding out where the non-bank is genuine or a sheer scam.
CONCLUSION: It is always good to know a little extra, do a little bit of research and make yourself comfortable before you finally take the plunge, rather than start dealing without any know how and regret later! For example check this non-profit online project http://ww.nebankové-pôžičky.com which summarizes quite naturaly all these points. You can also visit Wikipedia.org to read about banking regulation rules.