1. Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 1

2. Loans A Loan is money that an institution like banks, forwards to an individual or a company. The individual is obligated to pay back or repay an equal amount of money usually with interest. Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 2

3. Types of loans Mortgage Specialized loan Personal loan Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 3

4. Mortgage Is a loan for home buying, paid to the bank by instalment that may be paid in 25, 30, 40 or 50 years. The banks earns high interest rates on the mortgage. Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 4

5. Specialized loan Is a form of the bank lending money to buy an asset such as: A car; Home furnishings; Open a business ; Make home improvements. The interests on these loans are very high. Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 5

6. Personal loan Is a loan that some individuals with financial difficulty have to do at one point or another in their lifes. This also applies when one doesnt want to specify what the loan is for. Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 6

7. Conditions to have a loan The conditions necessary for the loan are : All the personal details ( for mortgages house details as well) To have a job Dont have debts Dont have loan payments delay Income like the IRS or IRC The life insurance Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 7

8. Repayments In Portugal we dont have choice for the repayments, because they are usually monthly instalments if we dont pay give they take our money from the account. ( THE BANKS ARE THIEFS) Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 8

9. Trabalho realizado por: Ana Paula Costa Célia Sampaio Cláudia Ferreira Teresa Fernandes 22/11/2010 Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 9

10. Curso Técnico Administrativo Módulo 0659 Formadora Joana Reis 10