Ask a Question + Ask Question

Advertisement

Speak now

Ask a Question + Ask Question

Loan Questions and Answers (Q&A)

When is a loan application considered complete?

Jamespeter
Answered: Oct 15, 2019

After choosing the best loan option which satisfies your requirement and submitting the required documents such as ID proofs, income proofs, reason to avail the loan amount and considering the...Read More

4 Answers

746 views

What is the difference between FHA and Conventional loans?

C. Bernthal, Teacher
Answered: Aug 29, 2019

FHA refers to the Federal Housing Authority. FHA loan is a type of loan that can be acquired more easily. It does not require a great credit score. It has a higher loan to value ratio than a...Read More

2 Answers

326 views

What is the difference between Grant and Loan?

C. Block, English Professor
Answered: Aug 28, 2019

Most of the time, when we receive a particular amount of money from the government, financial institutions, individuals, at times we will be required to pay the money back, and also, the money...Read More

2 Answers

316 views

How do unsecured loans differ from secured loans?

Reet
Answered: Mar 27, 2021

While applying for a business loan, you may have heard about the secured loan or unsecured loan. A secured loan is where one has to put some business asset as collateral with the lender while...Read More

1 Answer

284 views

What are the benefits of Income-Based Repayment Plan Program?

John Smith
Answered: Apr 18, 2024

Student may qualify for a zero dollar payment-2. student can apply for the ibr program up to 25 years-ibr benefit 1 - lower monthly payments the ibr program may substantially lower a graduates...Read More

1 Answer

248 views

Will borrower receive a penalty fee when submitting a monthly payment earlier than scheduled or for an amount greater than owed?

John Smith
Answered: Apr 18, 2024

False-all federal education loans allow prepayment without penalty. for loans that are not in default, any excess payment is applied first to interest and then to principal. however, if the...Read More

1 Answer

242 views

May a student in jail qualify for the Unemployment Deferment?

John Smith
Answered: Apr 18, 2024

False-correct answer is false. the following conditions must be met in order to qualify: 1. student must be diligently seeking but unable to find full-time employment in any field or at any...Read More

1 Answer

239 views

Can a student in jail apply for the Income-Based Repayment Plan?

John Smith
Answered: Apr 18, 2024

True-the ibr program is available to federal student loan borrowers in both the direct and guaranteed (or ffel) loan programs, and covers most types of federal loans made to students, but not those...Read More

1 Answer

237 views

Is Direct Loans the only servicer currently to process Loan Consolidations?

John Smith
Answered: Apr 18, 2024

True-until recently, a borrower could consolidate his or her loans under either the federal family education loan program (ffelp) or the federal direct loan program (fdlp). however, recent...Read More

2 Answers

236 views

Can a student in jail apply for the Unemployment Deferment?

John Smith
Answered: Apr 18, 2024

False-the following conditions must be met in order to qualify: 1. student must be diligently seeking but unable to find full-time employment in any field or at any salary or responsibility level...Read More

1 Answer

236 views

Where can I get an instant loan?

Digital Marketing
Answered: May 18, 2021

In the context of loans no debit card, you get an opportunity to derive the funds, without the need of involving any collateral. The loans are even approved by the lenders, without looking in to...Read More

2 Answers

119 views

What is the difference between Loans and Advances?

Bobby Rickets, Content Reviewer
Answered: Aug 05, 2020

A loan is money given out by financial institution to a person or another organization with the expectation to pay with interest within a due date while Advances are money given to an employee by...Read More

4 Answers

75 views

Can I get my loan approval online?

Reet
Answered: Feb 23, 2021

With digitalization, it is now easy to get a business loan from anywhere without running bank to bank. Modern NBFC's have a safe digital platform, where one can apply for a business loan online....Read More

1 Answer

71 views

Which loan has a low-interest rate, a personal loan or a home loan?

OrlaithFranklin
Answered: Nov 14, 2020

Of course, personal loans especially if you are taking your money in online services like North’n’Loans where you don’t need to worry about credit score and other papers that...Read More

1 Answer

64 views

Related Topics Of Loan

Related

Loan Quizzes

Advertisement

Advertisement

Loading, please wait...