Monthly archives: January, 2019

Overdraft facility to calculate interest rate

Calculating the current account credit interest rate can be useful in many cases. Two of the possible uses are: Verification of account settlement On the one hand, this method can be used to check the interest settlement in the bank’s account statement. Of course, most of the banks will not make mistakes in such calculations, which …

Promissory note loan

A promissory note loan is a (bond-like) loan over which a promissory note is issued as evidence. It is a financing instrument for the medium to long-term financing of the borrower and is issued through the arrangement of capital collection agencies . Such capital collection agencies (financial intermediaries) can be banks as well as insurance companies …