Interest

A risk mitigation strategy is implemented in order to reduce the chances of a certain risk to occur or the strategy tries to reduce the impact of the risk it if does occur (“Reducing Risk Through,” 2009). We all know that risks can arise within a company at any time, so the company needs to be prepared to handle the risks before it affects success of the company. Risk mitigation strategies help you identify and analyze the risk in order to determine how to best alleviate the effects of the…

Student loan debt is one of the many financial issues that we in America are faced with today. Not only does this debt have detrimental effects on the economy, but it is directly affecting students who would like to pursue an education, but fear the dreaded debt that accompanies it. Graduates are completing school with exorbitant amounts of debt and are being expected to start making payments within 6 months of completing their degree. How are students expected to start living their lives with…

sure to find out what the interest payment will be for your payday loan and make sure that the interest rate is put in writing on your payday loan contract. Next, make sure that you can actually afford to pay back both your payday loan and the interest with your next paycheck. For example, if your next paycheck will be $800, you probably shouldn’t take out a payday loan for $800, because the interest will exceed what you bring home. The cost of your loan plus the interest needs to not exceed…

Tangibility: Tangibility represents a firm’s investment in fixed asset as a component of total asset. Tangible assets are broadly accepted determinants of capital structure because fixed assets provide security to the capital provider by directing a claim against capital erosion. Information asymmetry between borrowers and firms increases the agency cost of debt which can be reduced by using adequate tangible assets that may serve as collateral to issue debt (Jensen & Meckling, 1976). This is…

rates of interest and minimal associated charges. Purpose: The loan can be obtained for construction, purchase, extension, repairs, renovation, or furnishing of a residential house or apartment. The bank also provides the facility of supplementary finance for the completion of the project through the employer. The bank accepts housing loans transferred from other banks and housing finance companies. The loan can be obtained for the construction for a third housing unit as well but the interest…

ICICI Bank Personal Loan ICICI Bank Personal Loan Details Interest Rate Processing Fees Loan Tenure Loan Amount Part Payment Charges Foreclosure Charges 11.49% to 18.49% Fixed 2.5% or ( min 1149) One Time Fee 1 -5 Years Up to Rs.20 Lack Nil 5% of the Principle Outstanding About ICICI Bank Personal Loan ICICI Bank is one of the largest Private Sector Banks in India and is also one of the largest facilitators of Personal Loans in India. ICICI Bank provides Personal Loan to its customer for…

How to file late tax It is very important to file your tax on time and it is obvious to expect some type of punishment for not doing this on time. Some people forget about doing this even though it is one of the most essential things. Some are unaware of the penalty so they ignore the last date of paying because they think the IRS will not show up at the door. You should try to file as fast as possible and pay as much as you can before it is too late. If you did not do this by the tax deadline,…

The longer term loans seem to have much lower interest rates (APR) but in reality you will end up paying a lot more back then you borrowed in comparison to a Payday loan, this is why payday loan companies always focus on the actual amount you will pay back not the Interest rate. Personally I think that if I needed to borrow money for an emergency I would prefer a payday Loan to a normal long term loan as it…

The Williams 2002 case study assesses the financial problems incurred by Williams, a company that specialized in activities such as purchasing, selling, and distributing energy commodities. The company has a long history and was founded in Tulsa in 1918 by Miller and David Williams, who previously owned a pipeline construction business in Arkansas. The growth of the company during the late 1990s and early 2001 can be partially attributed to its success in the energy market. However, it primarily…

FirstBank is fortunate because the top four banks in its market are not local community banks. This gives the Bank an advantage in local relationship-based banking and customer loyalty for being a local business. The same customer base also relies on a local bank to provide quality products and services like the big national banks. FirstBank stays on the leading edge of technology which helps portray a big bank environment and provides all the products and services offered by the big banks.…