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Purposes for a personal loan can include financing a large purchase, covering an emergency expense, and consolidating debt. So, evaluate the purpose of a loan to determine whether you need to borrow and whether you have the ability to make payments. Here in India, we can just mention the reason on the loan application and then use it for whatever purpose we ...


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bunq, a Dutch challenger bank with a public API offers Tinkers, projects built on top of their SDKs that let you communicate with your bank account in the command line: https://github.com/bunq


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A non-money related thing to consider is what happens after settlement day. Some lenders sell your loan servicing, which means that a few weeks to a few months later you will be sending your money to a different address who will have a different customer service staff. I am amazed whenever I hear that this switch happens without a problem, because in my ...


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Fees, especially "Finance fees": monthly or yearly fees you must pay. Sometimes based on the balance of the loan. I've mostly seen this on vehicle financing from dealerships. If they say your loan is 2% interest, but that you have to pay a monthly/weekly/yearly/recurring "finance fee" of $5 per every $100 finances, you're really paying 7%...


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Depending on the type of loan there may be features that are not as common as for, say, a mortgage. Some things that come to mind: Fixed vs Variable rate Length (term) of loan Closing costs (although this is incorporated in the APR) "Deferred" interest that becomes due of you miss a payment (more common on "0%" loans) "Prepaid ...


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You do. Remember when you opened the account, and you didn't get a free toaster? (that used to be a thing, years ago: getting free stuff like that when opening a bank account). Or they paid you a signing bonus to open the account, but it was only $100 not $125? Or the monthly fee was not $8.50 but instead was $9? That is you paying for deposit ...


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The FDIC receives no Congressional appropriations - it is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S. Treasury securities. The FDIC insures trillions of dollars of deposits in U.S. banks and thrifts - deposits in virtually every bank and thrift in the country. https://www....


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In all cases the customers pay the insurance, they just don't see it on the monthly statement. If you are a member of a US credit union it is possible you might see a line in their annual report. If you are looking at the investor reports for a banking company you might see it listed in the filed financial statements. The interest the bank charges for ...


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If you are asking who sends the insurance payment to the (presumably) government insurer, the bank does. You'll never see a "deposit insurance" fee. In economics, however, there is the concept of "incidence" which seeks to determine who actually pays a fee or a tax. In practice, for example, the incidence of payroll taxes paid by the employer fall almost ...


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Although personal loans are open and can be used for a number of things, not every lender allows your loan to be used just for anything. For Example, you may not be able to use your loan funds for secondary education expenses or your business.


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