Wtk BANK LOAN

13''strong · Postby **13''strong** » June 10th, 2013, 9:22 am

Morning tuners, so 2 of my padners recently got small loans from their respective banks at FCB and RBC wit no savings wat so ever 'collateral' all the bank wanted was to know their salary going through the bank for more than 2 years ..i wanna try it also but i'm in Republic bank ltd ..who here on tuner know's about this .?

Mr. Red Sleeper · Postby **Mr. Red Sleeper** » June 10th, 2013, 9:24 am

you have the answers...what you wanna know

13''strong · Postby **13''strong** » June 10th, 2013, 9:44 am

was kinda curious as to if republic bank does that also .?

kurpal_v2 · Postby **kurpal_v2** » June 10th, 2013, 9:45 am

13''strong wrote:was kinda curious as to if republic bank does that also .?

Yep, just walk with your I'd card and a utility bill

sharkman121 · Postby **sharkman121** » June 10th, 2013, 9:46 am

Unsecured loan? Hmm depends on hummuch yuh wanna borrow.

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kurpal_v2 · Postby **kurpal_v2** » June 10th, 2013, 9:47 am

Op, send me your account number and a copy of your ID card.

Mih gyal sister wukking in the bank, she goh link yuh.

Mr. Red Sleeper · Postby **Mr. Red Sleeper** » June 10th, 2013, 9:49 am

unsecured up to 30k

shake d livin wake d dead · Postby **shake d livin wake d dead** » June 10th, 2013, 9:49 am

got some info from a few banks the other day (all you named),they currently trying almost anything to sell their business..E.g, FCB has a nice rate for buying land, 5% for 10yrs....can't go wrong...

Mr. Red Sleeper · Postby **Mr. Red Sleeper** » June 10th, 2013, 9:52 am

that yuh need collateral for.

Lordshelinator · Postby **Lordshelinator** » June 10th, 2013, 9:55 am

Mr. Red Sleeper wrote:that yuh need collateral for.

Will not the land be collateral?
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shake d livin wake d dead · Postby **shake d livin wake d dead** » June 10th, 2013, 9:58 am

more than likely it should be^,most people usually use it as collateral.

13''strong · Postby **13''strong** » June 10th, 2013, 10:03 am

thanx for all the info tuners

Mr. Red Sleeper · Postby **Mr. Red Sleeper** » June 10th, 2013, 10:03 am

nope...10% of cost required

shake d livin wake d dead · Postby **shake d livin wake d dead** » June 10th, 2013, 10:12 am

answer this question: wrs to going to the bank for buying land...what else do they require..10% of the fee or 25%.....also do they cover legal fees,wrs to doing searches etc etc...

Mr. Red Sleeper · Postby **Mr. Red Sleeper** » June 10th, 2013, 10:16 am

10% AFAIK
Fees are included in the loan amount

nismaniac · Postby **nismaniac** » June 10th, 2013, 10:30 am

Mr. Red Sleeper wrote:10% AFAIK
Fees are included in the loan amount

Not totally true, the fees are only included if you qualify for the extra amount of the fees.
eg, if you only qualify to borrow up to 500,000.00 and proprty plus fees are 530,000.00 they will not lend you the extra. On the other hand if you qualify for 500,000.00 and your property plus fees total say 490000.00 they will lend for the fees. there are exceptions which means the bank recommending to their head office that its a good customer,long standing,great job etc...but has to be approved by Head Office.

OP as to your question once salary is assigned, they normally lend 3 times your monthly salary unsecured.