Universal Bank Flashcards
have a wider range of authorized activities than commercial banks, including
underwriting, investment house
activities, investing in non-allied
institutions, owning up to 100%
equity in thrift banks, rural banks,
financial allied enterprises, and
voting stock of one other
universal or commercial bank.
Universal Banks
Examples of
Universal banks
- Al-Amanah Islamic Investment Bank of the Philippines
- Asia United Bank Corp. (AUB).
- Bank of the Philippine Islands (BPI)
- BDO Unibank, Inc. (BDO)
- China Bankin Cor. (Chinabank)
Types of Loans
- PERSONAL LOANS
- SECURED LOANS
- GOLD LOANS
- LOANS AGAINST
SECURITY - AUTO LOANS
OFFER FLEXIBILITY, LOWER INTEREST
RATES, AND NO COLLATERAL FOR
VARIOUS PURPOSES LIKE DEBT
CONSOLIDATION, HOME
IMPROVEMENTS, AND
EMERGENCIES. ALTERNATIVES
INCLUDE CREDIT CARDS, HOME
EQUITY LOANS, AND PEER-TOPEER LENDING.
Personal Loan
IS A TYPE OF DEBT BACKED BY
COLLATERAL, WHICH IS
SOMETHING YOU OWN,
SUCH AS A HOUSE, CAR
OR SAVINGS ACCOUNT.
BANKS, CREDIT UNIONS
AND ONLINE LENDERS
OFFER SECURED LOANS.
SECURED LOAN
(ALSO CALLED LOAN AGAINST GOLD) IS A SECURED LOAN TAKEN BY THE BORROWER
FROM A LENDER BY PLEDGING
THEIR GOLD ARTICLES (WITHIN A
RANGE OF 18-24 CARATS) AS
COLLATERAL. THE LOAN AMOUNT
PROVIDED IS A CERTAIN
PERCENTAGE OF THE GOLD,
TYPICALLY UPTO 80%, BASED ON
THE CURRENT MARKET VALUE
AND QUALITY OF GOLD.
Gold Loan
ARE SECURED LOANS FOR VEHICLE PURCHASES, WITH THE BORROWER RECEIVING A LUMP SUM AND REPAYMENT IN
INSTALLMENTS. KEY TERMS INCLUDE PRINCIPAL, INTEREST, APR, LOAN TERM, DOWN PAYMENT, AND COLLATERAL.
Auto Loans
IS A TYPE OF LOAN WHERE A
BORROWER PLEDGES THEIR
SECURITIES, SUCH AS STOCKS,
MUTUAL FUNDS, BONDS, AND
OTHER FINANCIAL ASSETS, AS
COLLATERAL TO OBTAIN A LOAN
FROM A LENDER. IT ALLOWS
INDIVIDUALS TO LEVERAGE THEIR
INVESTMENTS AND RECEIVE
IMMEDIATE LIQUIDITY WITHOUT
HAVING TO SELL THEIR
SECURITIES.
iiloans Aganst Securty (LAS)
A ____ letter from a bank guaranteeng that a buyer’s payment to a seller wll be receved on tme and for the correct amount.
Letter of Credt
Process of loC
1.SALE CONTRACT
2.REQUEST FOR CREDIT
3.SEND CREDIT:
4.DELIVER LETTER OF CREDIT
5.DELIVER GOODS:
6.PRESENT DOCUMENTS
7.PRESENT DOCUMENTS
8.DOCUMENTS AND CLAIM FOR PAYMENTS
