Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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Loans

A Loan is money that an institution like banks, forwards to an individual or a company. The individual is obligated to pay back or repay an equal amount of money usually with interest.

Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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Types of loans Mortgage

Specialized loan

Personal loan

Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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Mortgage

Is a loan for home buying, paid to the bank by instalment that may be paid in 25, 30, 40 or 50 years.The banks earns high interest rates on the mortgage.

Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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Specialized loan

Is a form of the bank lending money to buy an asset such as:

• A car;• Home furnishings;• Open a business ;• Make home improvements.

The interests on these loans are very high.

Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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Personal loan

Is a loan that some individuals with financial difficulty have to do at one point or another in their lifes. This also applies when one doesn’t want to specify what the loan is for.

Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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Conditions to have a loanThe conditions necessary for the loan are :

All the personal details ( for mortgages house details as well)

To have a job Don’t have debts Don’t have loan payments delay Income like the IRS or IRC The life insurance

Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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Repayments

In Portugal we don’t have choice for the repayments, because they are usually monthly instalments if we don’t pay give they take our money from the account.

( THE BANKS ARE THIEFS)

Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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Trabalho realizado por:Ana Paula CostaCélia Sampaio

Cláudia FerreiraTeresa Fernandes

22/11/2010

Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis

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