Joint Loan

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Joint Loan

A loan in which two or more borrowers assume responsibility for repayment. That is, if one borrower stops paying, the others must pay on that borrower's behalf. A joint loan reduces the risk for the lender, which may reduce the interest rate. A joint loan also may be eligible for certain tax benefits.
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In such cases, joint loans lead to increased tax benefits as shown below.
The financial statements of the CIB revealed its contribution to joint loans to government entities with a value of EGP 23.1bn, and direct loans worth EGP 5bn, along with EGP 1.2bn in debt of current accounts.
Gillian Filan's bankruptcy is related to joint loans with her TURN TO PAGE 7 FROM PAGE ONE husband.
The rep said that while the couple would not be making further comment, Gillian's bankruptcy is relating to joint loans she shared with her famous husband - the same loans that left Shane millions of euro in debt.
In October, Bloomberg has classified the NBE as the best among Egyptian and African banks in marketing, arranging joint loans and financing projects during the first three quarters of 2017.
An investigation showed that they had joint mortgage payments and utility bills, they had a number of joint loans, and Facebook entries depicted that she and her partner were living as a family with two children.
Adnan Yousif, Chairman of BAB said that the size of the joint loans between the Bahraini and Turkish Banks exceeds 2 billion USD, which shows strong financial activity between both parties.
It has also boosted creative modes such as syndicate grouping, acquisition syndicates, factoring syndication and syndicate+intrabank joint loans, driving the growth of syndicated loan market.
"It's vital that couples know what their responsibilities are if they take out joint loans and that they try and agree how debts and bills should be paid if they split up."
The deal confirms NBE's leading position in financing oil sector over the past years and at the forefront of Egyptian banks in arranging joint loans and projects finance.
This deal confirms NBE's leading position in financing the oil sector and at the forefront of Egyptian banks in arranging joint loans and projects finance.
SBI's discounts for women are available on both individual and joint loans where the woman is the first borrower.
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