Whether or not you have taken a loan from any commercial bank, it is common knowledge that banks charge interest over the amount you borrow. So, to pay off the loan, you pay, principal amount […]
Category: Loan
Everything You Need To Know About Bank Reconciliation Statement!
Making Bank Reconciliation Statement (BRS) is an essential accounting activity that every business requires. A BRS reconciles the transactions from account books with the bank statement. If the results of both the activities match, you […]
How Can I Get the Interest Rate Lowered If I Have An FHA Loan?
FHA Loans or Federal Housing Administration Loan is a program by FHA to help people buy their dream homes at lower interest rates. The program highlights are that you can borrow 96.5% of the house […]
What is the Difference Between Pledge, Hypothecation, and Mortgage?
We all need loans at some point in our lives for buying a home or a car or maybe a refrigerator. Easy loans and EMIs have made buying stuff easier. So, here we are discussing […]