A Brief On A Loan Amortization

Submitted by: Limadijaya Suhendra

Financial planning is a strategic step to realize the plans and dreams for the future. But sometimes dreams and ideals that has been planned and has been organized into a mess or not achieved. This can happen not because of our financial planning is not good. But because the current state of the situation, global economic recession that occurred made financial planning we have collated become incompatible with the plan. A loan amortization could be a big help. So now the money is not necessarily able to buy the goods. To be able to buy the goods we should increase the existing deficiencies. And we do not have the budget for additional funds. Then we borrow to parents or relatives who want to lend money. If one day the parents or relatives ask for a loan must be paid here that we need other parties to assist in the debt settlement. Finally, the solution is a loan amortization. Borrowing on the parents or relatives is not recommended, because if we are not able to pay off the debt.

Loan amortization is better to financial institution that has loan amortization facility. After the filing of the borrowing is approved we will get the funds to cover shortages in the purchase of goods. In this case, the loan amortization is needed. Loan Amortization is a loan to pay off the debt in installments. Between us and the bank can do a debt rescheduling and changes in credit conditions? This can be called a loan Amortization. To reschedule debt payments as a debtor clients in accordance with the requirements set by the bank as a creditor. This is to help debtors avoid bankruptcy so the debt can be repaid. It is usually caused by the economic situation and / or the debtor’s financial situation is deteriorating (scheme of arrangement) such as termination of employment. Loan Amortization there is usually someone who is a guarantor for the debts of customers. Person as a guarantor has the same obligations as endorser. Although not legally be forced to pay off debt loan amortization borrowers. Customer as debtor must also submit a form of collateral securities or goods owned property as requested by the bank as with the lender. Assurance that assets placed as collateral for the payment of a loan amortization is available. The collateral is the debtor’s customers. If the customer fails to fulfill its obligation to repay the loan Amortization, then the property as collateral will be taken over by the bank. Banks will sell assets to pay off the loan Amortization customers. Guarantee that goods are typically used as loan collateral is merchandise, securities, intangible assets, and results of operations. On the credit home buying, bought a house used as mortgage. From the above, we can learn that whatever we do must be of no consequence. If we would have had to borrow it back. When borrowing money in the bank in a loan amortization, an individual would have had to pay installments until paid plus interest. Think of a mature first before borrowing money to any party, including the banks.

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