SECURED LOANS

sunandaC

New member
SECURED LOANS

Loans borrowed by the company, secured wholly or partly , against the assets of the company are secured loans.

Secured Loans are classified as below;
A. Debentures
B. Loans and Advances from Banks
C. Loans and Advances from Subsidiaries
D. Other Loans and Advances.

Important Note:-
a) In case of debentures, the terms of redemption or conversion, if any, should be specified together with the earliest date of redemption or conversion
b) Nature of security should be specified
c) Interest accrued and due on secured loans should be included under the appropriate sub head under secured loans.
d) Loans taken from directors and managers should be shown separately.
e) If the loans are guaranteed by director or manager, it is required to mention the guarantee and the amount of loan under each head.
 

rosemarry2

MP Guru
SECURED LOANS

Loans borrowed by the company, secured wholly or partly , against the assets of the company are secured loans.

Secured Loans are classified as below;
A. Debentures
B. Loans and Advances from Banks
C. Loans and Advances from Subsidiaries
D. Other Loans and Advances.

Important Note:-
a) In case of debentures, the terms of redemption or conversion, if any, should be specified together with the earliest date of redemption or conversion
b) Nature of security should be specified
c) Interest accrued and due on secured loans should be included under the appropriate sub head under secured loans.
d) Loans taken from directors and managers should be shown separately.
e) If the loans are guaranteed by director or manager, it is required to mention the guarantee and the amount of loan under each head.

Hey friend,

Please check attachment for Notes on Different Types of Loans, so please download and check it.
 

Attachments

  • Notes on Different Types of Loans.pdf
    981 KB · Views: 0

anishnatwar

Anish Natwar
Many banks are offering secured loans. Car loans, mortgage loans are come under this category. Personal loans, student loans, credit cards are the unsecured loans. Check out my project work on car loans below:
 

Attachments

  • car finance in hyderabad.pdf
    390.5 KB · Views: 1
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