How to Raise Bank loans? First understand “30 Secrets & Real truth about banks”. Why banks exist, how they work. Else you are wasting your Time, Money. How to Raise Bank loans 30 Bank secrets,
In this video tutorial, we discuss “30 Must-Know Secrets” about Banks. Any business entrepreneur before approaching any Bank or financial institution for any kind of business loan, they must be aware of certain untold secrets about Banks and how banks work. If you do not aware of these secrets, you are simply wasting your “Time, Money & Effort” in running behind the banks.
First, understand these secrets, plan & act accordingly & only then you can succeed in getting Loans from the Banks or any Financial Institutions. Banks have changed completely from the earlier days. Banks have found out more ways to disapprove & reject your loan applications. Banks have now become more of profit making institutions and are highly commercialized.
Banks will give you loan only if you are successful in your business or in your vocation. Unless & until they are sure that you are quite capable of repaying their loan along with interest, banks will not lend you any loan. They doubly make sure of that.
It is very important to understand one very important aspect. It is very unfortunate that all banks are keener to give funding when you are doing very well in your business and when you don’t need them the most. You will be flooded with various types of loans when your business is doing well. The moment the banks sense that your business is going south & not doing well, all those loan offers will not only stop but they will put more pressure & may even ask you to pay back the loan along with interest before even the due dates. They would even recall the loan, if they sense that things are not going fine.
You must realise that banks are not charitable organisations but are very much answerable to the public who have deposited their hard earned money to earn interest. Banks are also answerable to the Government more so the Reserve Bank of India. They have to very strictly follow all the norms, rules & regulations laid down by the Reserve Bank of India. Before banks will give you any loans, they make sure that you pass through all their stringent conditions. Find out what exactly are these.
