How to get a long term loan from any organisation or bank

[Dowenship]

I have some couple of tips and tricks which can assist you When you are about to advance for a loan in a bank or a Financial Association.

1. Compose a letter or a proposition to the association or bank about an advance. Take it there yourself.
2. Have a Composed Plan. Ensure it gives each insight regarding your business or what you are intending to utilize the cash for.
3. Have a guarantee. In the event that the advance you need to get is worth millions.
4. Try not to be excessively Demanding.
5. Make sure the cash you need to get is truly worth the proposition you brought.
6. Try to meet with the manage about the advance.

Collecting loans from banks is not an easy thing, and this list you have listed wont guarantee the giving of the loan if the person does not have a collateral.

 

[Razor1911]

Collecting loans from banks is not an easy thing, and this list you have listed wont guarantee the giving of the loan if the person does not have a collateral.

In our area, banks provide loans with very less interest rates. But the procedure to get our loan sanctioned is really painstaking, specially the documents part.

 

[eLdavis]

I was not aware people still take long term loans. The longest have seen recently is three to six months. But am pretty sure for long term loans and depending on the amount, the bank would ask for something of equal value to hold

 

[Haveit]

Your post are quite the things needed to get a loan from the bank but I think the most important is credit score as that is what determines one's financial capability to repay the loan

 

[Sotherefore]

in anything you are doing I advise you to stay away from loan because you might actually put yourself in a difficult situation, those people that have collected a loan from one organisation or the other are finding it difficult to pay back.

 

[Setfragil]

Getting a long term loan is not as easy as short term loan because most long term loan are always huge in amounts thus the difficulties in getting the loan. To get a long term loan you will need a good collateral that worth more than the loan you plan to get.

 

[Justin]

In order to get a long term loan, your business needs to have a long term strategies. You will have to develop project around long term strategies, then you can get a long term loan

 

[Razor1911]

In order to get a long term loan, your business needs to have a long term strategies. You will have to develop project around long term strategies, then you can get a long term loan

Even when you will apply for a loan in a bank x they will ask you for your prospect. How you will invest the money and what will be the Revenue. A clear and detailed plan is required.

 

[Justin]

Bank will not you a loan just because you need it. They will give you loan only when they are sure that you will make good use of it and also can repay in time

 

[Richard92]

You need a collateral for a loan. Normally you can get only upto 70 percent loan against your collateral (the bank rule in our country), you also need to show your income as a guarantee for repayment.

For you to get a long-term loan from any organisation or bank you must either have an account with the bank or you are working in such an organisation with that they will be able to have good trust in you and grant you loan.

 

[Kane]

In order to get a loan, there is no need for you to have a prior experience with the bank, you don't even have to be a bank account holder. However, if you are approved for long, you need a bank account.

 

[Trexxxy]

This is a very helpful thread, I think it is important for people who plan to borrow or lend some funds from banks to pick one or two things for knowledge.

 

[Razor1911]

In order to get a loan, there is no need for you to have a prior experience with the bank, you don't even have to be a bank account holder. However, if you are approved for long, you need a bank account.

But getting your loan signed it is a very complicated task specially with the banks. The documentation part is very complex and you have to provide various documents in order for your loan to get passed. That is the reason in our area most of the people prefer to take loan from private sectors than government banks.

 

[Chibson]

there are conditions necessary for anyone who wants to obtain loans from banks and organisations in the sense that he must have a reasonable collateral before they can be able to lend you any money.

 

[Good-Person]

The very first thing you would need to get your loan approved is to have a property that you can mortgage to the bank. Without any proper security no bank or any other kind of financial institution would approve your loan. The rest of the things come later, actually.

 

[Setfragil]

For you to get a long term loan in a bank or an organizations, you must have a good business relationship with them or be in good financial standing before you can be considered for a loan. Some banks cannot give you a loan without collateral.

 

[Snazzy001]

It is very easy to get loan from any organisation or bank as far as you can keep to the law terms and conditions regarding securement of that loan

 

[Jlife]

Getting a loan for long time is a good idea especially if you have a serious plan on the type of business you are going to start, but in generally known is not advisable because of the risk that comes with getting a loan, you should try to work for the money you need to start up a business.

 

[delnovem]

Long-term bank loans are always supported by a company's collateral usually in the form of the company's assets. The loan contracts usually contain restrictive convenant detailing what the company can and cannot do financially during the term of the loan.

 

[Jlife]

For you to get a long term loan in a bank or an organizations, you must have a good business relationship with them or be in good financial standing before you can be considered for a loan. Some banks cannot give you a loan without collateral.

I prefer not to get a long-term loan because getting a loan for long-term sometimes you find it very difficult to pay it back, getting a short-term will even make you to work harder just to be able to pay it back on time.