Posted on August - 17 - 2009
Banking solutions draws parallel with real estate
We have moved a long way from the time when a bank was a mere deposit-taking and money-lending institution veiled in conservatism and managed by people whose aim was maximum profit with minimum risks. Banks, as social organizations, have to go out to the people and assist weaker sections in achieving their aspirations. The old concepts, attitudes and methods in banking have yielded place to new techniques of viability, need-based finance and marketing.
Banks are offering loans for the development in the small scale as well as in the large-scale sectors giving much more importance to customer services and satisfaction. Loans are credited for a pre-determined period and for a definite purpose. Normally, these loans are repayable in instalments. The loans and advances granted by banks are classified into two broad spectrums, secured and unsecured.
When a customer offers immovable property like land and building as security for a loan, charge thereon is created by means of a pret immobilier. Only some rights of ownership are transferred to the mortgagee, rest remains with the owner himself. Boosting business-oriented customer’s simulation pret is of major importance in today’s world to cater to the promotion of socio-economic changes in the country.