Lending & Security Creation in Banking
This course will cover the following topics:
- What is lending?
- What are the different types of loans you can get from a bank?
- Why do you have to give a security for a loan?
- And what type of assets you can give as security?
These are some of the questions that one will find an answer to in this course. In the course, Ms Sonchhatra discusses the cardinal principles of lending. The course focusses on the process of creating a security on different kinds of assets.
No loan is free. The costs are in your loan somewhere, may be rolled into the amount to be refinanced or even coming at a higher interest rate.Barbara Corcoran
- 1. Introduction
- 1.1 Welcome
- 1.2 Supplements
- 2. Banks and lending
- 2.1 What is a bank and what is banking?
- 2.2 Banks’ lending business
- 2.3 Principles of lending
- 2.4 Kinds of lending
- 2.5 Priority sector lending
- 3. Evaluating the borrower
- 3.1 Creditworthiness of the borrower
- 3.2 Principle of 5Cs
- 3.3 Credit Information Companies
- 4. Understanding fund-based loans
- 4.1 Classification: Fund-based and non-fund based loans
- 4.2 Fund-based: Cash credit loans
- 4.3 Fund-based: Overdraft facility
- 4.4. Fund-based: Term loan
- 4.5 Fund-based: Bill discounting facility
- 5. Understanding non-fund based loans
- 5.1 Introduction
- 5.2 Non-fund based: Bank guarantee
- 5.3 Financial and performance guarantees
- 5.4 Non-fund based: Letter of credit
- 5.5 Non-fund based: Types of letter of credit
- 6. Security for bank loans: Mortgages
- 6.1 Understanding mortgages on immovable properties
- 6.2 Equitable and registered mortgages
- 6.3 Importance of Title Search Reports
- 7. Security for bank loans: Hypothecation
- 7.1 Movable property
- 7.2 Fixed charge and floating charge
- 7.3 Hypothecation
- 8. Security for bank loans: Pledge
- 8.1 What is a pledge?
- 8.2 Depository and depository participant
- 8.3 How to create a pledge?
- 9. Other kinds of security
- 9.1 Lien on fixed deposits
- 9.2 Assignment of book debts, and life insurance policies
- 10. Conclusion: Different kinds of security
- 10.1 Summing up the different types of security
- 11. Security perfection and CERSAI filing
- 11.1 Paying stamp duty, registering charges and mortgages
- 11.2 CERSAI filing
- 12. Security Trustee
- 12.1 Role of a Security Trustee
- 13. Guarantee & letter of comfort
- 13.1 Guarantee
- 13.2 Letter of comfort
- 14. Conclusion
- 14.1 Next steps
WHY TAKE THIS COURSE?
By the end of this course, you will be well-versed with the concept and legalities of bank loans and security creation.
This course is useful for:
- Lawyers and law students who seek to work as in-house counsels in banks,
- Bankers and aspiring bankers,
- Students preparing for banking exams, and
- Persons seeking bank loans.
Ms Loree Sonchhatra is an accomplished lawyer. She has been associated with the banking industry for a long time. From 2008 – 2016 she was the Legal Manager at ICICI Bank Ltd., where from 2016 – April 2018 she was the Chief Manager of the Bank. Collectively she has an experience of 10 years in banking, finance and corporate law.
It’s easy to get a loan unless you need it!Norman Ralph Augustine
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