What is Amortization you should know about it

Amortization is a term that id used during the processing of a loan. During the loan  the lenders ask for some initial payment that is only as the interest of the total duration that time you may see that you already paid much you principal amount did not changed remarkably that it should be. It is because of the initial amount paid you considered as the interest that will occur in the term of loan. As the months you will see the reduced principal because when all the interest is deducted the payment will  gradually reduce your principal amount.

For example if you monthly payment is $500 they will take $400 as interest and $100 will reduced form the principal as the month will pass the interest amount will be nil and from that time monthly amount  will be reduced from the principal directly.

All loan Basics

If you are looking for a home loan, auto loan then you should have some idea regarding the basic home loan terms that may help you to take decision and manage your loan.

Principal:
Principal is the money that you require as loan from bank or the financial institute is the principal amount . If you need an amount of $40,000 as you home loan or auto loan then is amount is the principal amount.

Interest rate:
Interest rate is the second parameter that you need to pay the lender. As minimum id the rate of interest that s best for you. You should always search for the lender that offer loan with lowest interest rate. This interest rate may vary from lender to lender.

Their terms and fees:
You should also know about that if they have any hidden fee and is thr processing fee is reasonable or not. You should compare this with other lenders.

Duration of loan:
Duration of the loan should be as minimum as possible for you to become debt free. At first oi should think about of the monthly pay that you effort to pay. Duration may be 5 year or ten year depending on your ability to pay. But plan in such a way that you never be failure to pay the monthly installment. Because an failure in monthly payment lead to pay additional fee.

Why Bad Credit Loan

Sometime we have no option left other then taking loan from any source. Usually we need to meet the requirements like

•    Buying a car (Auto loan)
•    Buying a home (Home loan)
•    Home Improvement (Home improvement loan)
•    Debt consolidation

For taking a loan we generally to different financial institutes, banks and other related institutes. For a large amount they ask for a good credit history. People with bad credit may not get this amount. At this situation bad credit loan can help you. There are many lender that may give you loan even you have bad credit history. But in this case you have o have your own home as the protection. During this loan repayment phase the there will be an agreement that lender will keep the home and guarantee. In the bad credit home loan the rate of interest is higher then other loans. Since there is no option you may choose bar credit loan to meet your requirement.

Get a Mortgage Quote

If you are decided to take a loan to meet you requirement then you must get a mortgage quote from different lender and choose the best one that met your requirement. Generally the mortgage quote online is less then the quote from the financial institutes around you.

You may follow the steps to get mortgage quote online

Search for quote online:
You can search for different mortgage online for this they will as some personal information. After getting the quotation you decide to take it of reject it.

Contact financial institute with good reputationYou should select financial institute with good reputation they will give you actual information and will not waste you time.

Ask information
You have any query regarding the mortgage quote their scheme you should ask them so that you can meet their requirement. Only considering lowest mortgage quote may misguide you.

EFG Bank & Trust (Bahamas) Limited

EFG Bank & Trust (Bahamas) Limited

Their product and services includes:
Private banking
- Current accounts
- Fixed term deposits
- Payments
- Safe custody
- Foreign exchange services
Investment management
Trust services
Fund administration
Maintenance of accounting records
Calculation of fees
Financial statements preparation

Location:
EFG Bank & Trust (Bahamas) Ltd
Centre of Commerce, 2nd Floor
1, Bay Street, P.O. Box SS-6289
Nassau, The Bahamas
Tel: +1 242 502 5400

EFG Bank & Trust (Bahamas) Ltd
Lyford Cay, P.O. Box SS-6289
Nassau, The Bahamas
Tel: +1 242 502 5400

Deltec Bank & Trust Limited, Bahamas

Deltec Bank & Trust Limited, Bahamas

Their services:
Investment Management
Private Banking
Fiduciary Services
Mutual Fund Administration
Institutional Banking


Contact Information
Deltec House, Lyford Cay
P.O. BOX N-3229
Nassau, Bahamas
Phone number: +1-242-302-4100
Fax Number: +1-242-362-4623

Dartley Bank & Trust Limited, Bahamas

Dartley Bank & Trust Limited, Bahamas
P.O. Box CB-13319
SG Hambros Building
West Bay Street
Nassau
New Providence
Bahamas
Phone: 242-322-8663

Cuscatlan International Bank & Trust Limited, Bahamas

Cuscatlan International Bank & Trust Limited, Bahamas
P.O. Box N-9307
IOB House
East Bay Street
Nassau
New Providence
Bahamas
Phone: 242-394-3400

Credit Suisse (Bahamas) Limited

Credit Suisse (Bahamas) Limited
P.O. Box N-4928
Bahamas Financial Centre, 4th Floor
Shirley & Charlotte Streets
Nassau
New Providence
Bahamas
Phone: 242-356-8100

Credit Agricole Suisse (Bahamas) Limited

Credit Agricole Suisse (Bahamas) Limited

Their Product and Services
Private Banking
Wealth management
Corporate & Institutional Banking
and more

They network of private banks worldwide in Belgium, Lebanon, Singapore, Brazil, Luxembourg, Spain, Egypt, Miami, Switzerland, France, Monaco, United Arab Emirates, Hong Kong, Nassau, ,Uruguay

Contact Information
West Bay Street
P.O. Box N-3015
Nassau, Bahamas
Phone: +1 242 502 8100
Fax: +1 242 502 8166

Corner Bank (Overseas) Limited, Bahamas

Corner Bank (Overseas) Limited, Bahamas
P.O. Box N-7134
308 East Bay Street
Nassau
New Providence
Bahamas
Tel: 242-394-4977

Commonwealth Bank Limited, Bahamas

Commonwealth Bank Limited, Bahamas
P.O. Box SS-5541
The Plaza
Mackey Street
Nassau
New Providence
Bahamas
Tel: 242-394-7373

Clariden Leu Limited, Nassau Branch, Bahamas

Clariden Leu Limited, Nassau Branch, Bahamas
P.O. Box N-3926
Bahamas Financial Centre, 4th Floor
Shirley & Charlotte Streets
Nassau
New Providence
Bahamas
Tel: 242-326-5054

Cititrust (Bahamas) Limited

Cititrust (Bahamas) Limited
P.O. Box N-1576
Thompson Boulevard
Nassau
New Providence
Bahamas
Tel: 242-302-8777

CIBC Trust Company (Bahamas) Limited

CIBC Trust Company (Bahamas) Limited
P.O. Box N-3933
Goodman`s Bay Corporate Centre
West Bay Street
Nassau
New Providence
Bahamas
Tel: 242-356-1865

Butterfield Private Bank, Bahamas

Butterfield Private Bank, Bahamas
P.O. Box N-3242
Montague Sterling Centre, 3rd Floor
East Bay Street
Nassau
New Providence
Bahamas
Tel: 242-393-8622

BSI Overseas (Bahamas) Limited

BSI Overseas (Bahamas) Limited
P.O. Box N-7130
Bayside Executive Park
West Bay Street & Blake Road
Nassau
New Providence
Bahamas
Tel: 242-702-1200

Blu Bank Limited, Bahamas

Blu Bank Limited, Bahamas
P.O. Box N-3242
Seventeen Shop Building, 1st Floor
Collins Avenue & Fourth Terrace,
Centreville
Nassau
New Providence
Bahamas
Tel: 242-394-3007

BIE Bank & Trust Bahamas Limited, Bahamas

BIE Bank & Trust Bahamas Limited, Bahamas
P.O. Box N-3930
Charlotte House
Shirley & Charlotte Streets
Nassau
New Providence
Bahamas
Tel: 242-502-3100

Banque SCS Alliance (Nassau) Limited, Bahamas

Banque SCS Alliance (Nassau) Limited, Bahamas
P.O. Box N-1724
Alliance House
East Bay Street
Nassau
New Providence
Bahamas
Tel: 242-394-6161

Banque Prive Edmond de Rothschild Limited, Bahamas

Banque Prive Edmond de Rothschild Limited, Bahamas
P.O. Box N-1136
51 Frederick Street
Nassau
New Providence
Bahamas
Tel: 242-328-8121

Bank of the Bahamas Trust Limited

Bank of the Bahamas Trust Limited
P.O. Box N-7118
Claughton House
Shirley & Charlotte Streets
Nassau
New Providence
Bahamas
Tel: 242-326-2560

Bank of the Bahamas International

Bank of the Bahamas International
P.O. Box N-7118
Claughton House
Shirley & Charlotte Streets
Nassau
New Providence
Bahamas
Tel: 242-326-2560

Bank of Nova Scotia Trust Company (Bahamas) Limited

Bank of Nova Scotia Trust Company (Bahamas) Limited
P.O. Box N-3016
Scotia House
404 East Bay Street
Nassau
New Providence
Bahamas
Tel: 242-393-8777

Bank of Nova Scotia International Limited, Bahamas

Bank of Nova Scotia International Limited, Bahamas
P.O. Box N-3016
Scotiabank Building, 3rd Floor
Bay Street
Nassau
New Providence
Bahamas
Tel: 242-356-1515

Banco Votorantim S.A. Nassau Branch, Bahamas

Banco Votorantim S.A. Nassau Branch, Bahamas
P.O. Box N-951
Saffrey Square Building, Suite 204
Bank Lane
Nassau
New Providence
Bahamas
Tel: 242-328-0981

Banca del Sempione (Overseas) Limited, Bahamas

Banca del Sempione (Overseas) Limited, Bahamas
P.O. Box N-8159
3rd Floor, George House
George Street
Nassau
New Providence
Bahamas
Tel: 242-322-8015

BAC (Bahamas) Bank Limited

BAC (Bahamas) Bank Limited
P.O. Box SS-6352
Norfolk House
Frederick Street
Nassau
New Providence
Bahamas
Tel: 242-325-4600

Banca del Gottardo, Bahamas

Banca del Gottardo
P.O. Box CB-10976
Goodman`s Bay Corporate Centre,
3rd Floor
West Bay Street & Sea View Drive
Nassau
New Providence
Bahamas
Tel: 242-502-2200

ATC Trustees (Bahamas) Limited

ATC Trustees (Bahamas) Limited
P.O. Box CB-12399
British American Insurance House
Marlborough Street
Nassau
New Providence
Bahamas
Tel: 242-322-5316

Arner Bank & Trust (Bahamas) Limited

Arner Bank & Trust (Bahamas) Limited
P.O. Box N-3917
Building 2, Caves Village
West Bay Street
Nassau
New Providence
Bahamas
Tel: 242-327-6594

Ansbacher (Bahamas) Limited

Ansbacher (Bahamas) Limited
P.O. Box N-7768
Ansbacher House
Bank Lane
Nassau
New Providence
Bahamas
Tel: 242-322-1161

Saudi Sudanese Bank, Sudan

Saudi Sudanese Bank, Sudan
Their Services:
ATM.
Phone Banking
SMS Banking
E - BANK.
Point of Sale
Investing
Financing
Internal and External Transfer
Letter of Credit
GUARANTEE.
Bill Payments.
SWIFT

P. O. Box 1773, Khartoum, Sudan, Baladiya Street    
Telephone: (249)183 780307, (249)183 781836
Fax: (249)183 784704
-----------------------
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Estates Commercial Bank, Sudan

Estates Commercial Bank, Sudan
(Branches of Foreign Banks)
P. O. Box 309, Khartoum, Sudan, Baladiya Avenue
Telephone: (249)183 782098, (249)183 779465
Fax: (249)183 777917

Abu Dhabi National Bank, Sudan

Abu Dhabi National Bank, Sudan
(Branches of Foreign Banks)
P. O. Box 2465, Khartoum, Sudan    
Telephone: (249)183 774857, (249)183 774892

El-Nilein Industrial Development Bank, Sudan

El-Nilein Industrial Development Bank, Sudan
P.O.Box 1722, Khartoum, Sudan, South of United Nations Square   
Telephone: (249)183 781507, (249)183 780776
Fax: (249)183 771208

Emirates & Sudan Bank, Sudan

Emirates & Sudan  Bank, Sudan
P. O. Box 10511, Khartoum, Sudan, Cross of El-Sayed A/Rahman Street with Ali A/Lateef St   
Telephone: (249)183 772211, (249)183 747747

United Capital Bank, Sudan

United Capital Bank, Sudan

Their Services:
General Banking Services
General Financing Services
Shares Placement
Acceptance of Deposit
Investors Advisory Services
and more

P.O Box : 8210, Al Amarat, Khartoum, Sudan

Address:
Plot 411, Square 65, Mamoun Beheiry St. Khartoum East
Tel.: 00249-183-247700
Fax: 00249-183-235000
Swift Code: CBSKSDKH

Sudanese Egyptian Bank, Sudan

Sudanese Egyptian Bank, Sudan
P. O. Box 154 Khartoum , Sudan   
Telephone: (249)183 745578    (249)183 745580
Saweros Building - Ali A/Lateef St
Telephone: (249)183 745579

Alsalam Bank, Sudan

Alsalam  Bank, Sudan
P. .O.  Box : 139  Khartoum ,Sudan
Mamoun Elberair Building Gama’a Avenue   
Telephone: (249)183 747000, (249)183 747007

Byblos Bank (Africa), Sudan

Byblos Bank (Africa), Sudan
P. O. Box 8121, Khartoum, Sudan
St. No21, Amarat, Khartoum 
Telephone: (249)183 566444

African Bank for Trade and Development, Sudan

African Bank for Trade and Development, Sudan
P. O. Box 515 Faiha’a Building, Ali A/Lateef St.
Telephone: (249)183 796666

Farmer’s Commercial Bank, Sudan

Farmer’s Commercial Bank, Sudan
P. O. Box 11984, Khartoum, Sudan, Qasr Avenue
Telephone: (249)183 774194, (249)183 773687
Fax: (249)183 776344

Al-Shamal Islamic Bank, Sudan

Al-Shamal Islamic Bank, Sudan
P. O. Box 10036, Khartoum, Sudan El-Sayed A/Rahman Street     
Telephone: (249)183 779474, (249)183 773585

Animal Resources Bank, Sudan

Animal Resources Bank, Sudan
P. O. Box 1499, Khartoum, Sudan, St. No. 3, Amarat, Khartoum    
Telephone: (249)183 471534    (249)183 472513
(249)183 471532    (249)183 472024

Workers’ National Bank, Sudan

Workers’ National Bank, Sudan
P. O. Box 2589, Khartoum, Sudan, Baladiya Street with   
Telephone: (249)183 783216, (249)183 771059
Fax: (249)183 783214

Export Development Bank (previously El-Gharb Islamic Bank), Sudan

Export Development Bank (previously El-Gharb Islamic Bank), Sudan
P. O. Box 3575, Khartoum, Sudan, Saleh El-Obeid Building, Gamhouria Avenue
Telephone: (249)183 777110, (249)183 773952

Baraka Bank, Sudan

Baraka Bank, Sudan
P. O. Box 3583, Khartoum, Sudan, Baraka Tower, Zubair Pasha Street     
Telephone: (249)183 785810    (249)183 778948
(249)183 773344   

Islamic Co-operative Development Bank, Sudan

Islamic Co-operative Development Bank, Sudan
P. O. Box 62 Khartoum, Sudan, Isl. Co-op Bank’s Building,      
Telephone: (249)183 780505    (249)183 777715
(249)183 775366   

Tadamon Islamic Bank, Sudan

Tadamon Islamic Bank, Sudan
P. O. Box 3154, Khartoum, Sudan, Tadamon Tower, Baladiya Street    
Telephone: (249)183 781709, (249)183 785834
FAx: (249)183 785148

Sudanese Islamic Bank, Sudan

Sudanese Islamic Bank, Sudan

Their Services:
Retail Banking
Corporate Banking
Islamic Personal Finance
Car Murabaha
Payroll Service
Islamic Saving Accounts
Investment Daily Accounts
Normal Current Accounts
Time Deposits
Investment Banking
Corporate Finance

Their Branches:
Khartoum Bahari Branch
Ingaz rood
Elsafia
Khartoum Bahry
Tel: 85236885
Fax : 85236560

Private Banking
Tel: 83250000
Alsalam Rotana Hotel
Administrative Building
Africa road
Khartoum

Soug Lybia Branch - Um Dorman
Souk Abuzaid  Street 
Omdurman
Tel: 83730518
Fax :83730521

Khartoum Branch
Ali abd Elateef Street
Next alfaihaa Tower
Khartoum
Tel: 83745582
Fax: 83745580

Al-Mawrada Branch - Um Dorman
Mawrada Street 
Omdurman
Tel: 87463521
Fax: 87463525

Port Sudan Branch
Transistor  Building
Next to sea Port Sudan incorporation club
Port Sudan
Tel: 0311820699
Fax: 0311833399

Ousief Branch
Across to customs Building
Aoseif   - Port Sudan
Tel: 0922882038
0910192900

Atbra Branch
Alasfia Hotel
Alsuk Street
Atbara  
Tel: 0211832944
Fax: 0211832956

ATM Location
Bahri Branch
Al Ingaz Street west Pepsi Factory

Port Sudan Branch
Transistra building next to al mawany club

Khartoum Branch
Ali Abdellateif Street –Saweres Building

Atbara Branch
Al asfyaa Hotel –near the Big Mosque

Rotana
Africa street-Khartoum

Alamarat center
Al Ryad street No117

Liza men hotel
Al Amarat Street No.41

Gabko station
Omdurman –Alwadiy Street

Sog Libya Branch
Sog Libya Market

Almorda Branch
Almorda Street -Omdurman Market

Solitaire Restaurant
Cairo Street (St 15)

Panda Restaurant
Africa Street - Front of Alsalam Rotana

Al Anfal
Mamoun Al Brair Street Brie

Al Nala Shop
Almaaouna Street East Saad Geshra Market

Military Medical Complex
Omdurman in Military Medical Complex

P. O. Box 6224, Peoples Assembly Hall, Khartoum, Sudan, Gama’a Avenue   
Telephone: (249)183 783798, (249)183 777403
Fax: (249)183 777610

Blue Nile Mashreq Bank, Sudan

Blue Nile Mashreq Bank, Sudan

Their Product and Services:
Retail Banking
Corporate Banking
Trade Services
Card Services
Payments and Remittances
Western Union

Their Branches
Head Office & Main Branch, at Elnagoumi Street / Khartoum
Private Banking Branch, Serving UN Organisations, NGOs and Oil Companies Baladia Street / Khartoum
Al Saggana Branch, at Hurria Street AL Saggana / Khartoum Industrial Area
Omdurman Branch, Almorada Omdurman
Khartoum North Branch, Baladia Street Khartoum North
Port-Sudan Branch, at Port-Sudan
Gari Free Zone Branch Garri Free Zone
Tuti Island Branch Tutti
Emmarat Branch Street 15 Emmarat
Nayala Branch Nayala
Elfasher Branch Elfasher
El Genina Branch El Genina

Their ATM Booth
United Nations Development Program Building Booth Jamia Street Khartoum
UNICEF Building Booth Khartoum 2 Khartoum
AAAID Building Booth Baladia Street Khartoum
World Food Program Building Booth Arkawit Khartoum
Petro -Energy Booth Industrial Area Khartoum
GNPOC Building Booth Khartoum Tower Jumhuria Street
UN World Health Organisation Building
UNCHR Booth
Souk Libya Booth

P. O. Box 984, Khartoum, Sudan, Barlaman Street
Telephone: (249)183 776092, (249)183 782562
Fax: (249)183 785815

National Bank of Sudan

National Bank of Sudan

Their Product and Services
Business Accounts
Cash Management
Trade Services        
Murabaha (Cost-Plus Financing)    
Mugawala (Istisna)    
Mudaraba    
Musharaka

Head Office
National Bank of Sudan Headquarters
Kasr Avenue - P.O. Box 1183
Khartoum, Sudan
Tel:  (249-183) 797993
Fax: (249-183) 779545
E-mail: contactus@nbs.com.sd
Swift: NBSUSDKHAXXX

Their Branches

KHARTOUM (Main Branch)
National Bank of Sudan Bldg., Main Floor, Kasr Avenue, Khartoum.

OMDURMAN
Kabashi Bldg., Block 4-1, Al Mowrada Street, Omdurman.

BAHRY
Industrial Area, North Khartoum, Bahry.

PORTSUDAN
National Bank of Sudan Bldg., Block 4, Portsudan Market (next to Al-Baladia gardens).

ATM Locations
KHARTOUM (Main Branch)
National Bank of Sudan Bldg., Main Floor, Kasr Avenue, Khartoum.

OMDURMAN Branch
Kabashi Bldg., Block 4-1, Al Mowrada Street, Omdurman.

MTN Complex
Ext. of Omac St. Block 64/2 Al-Juraif West (Manchiyah)

P. O. Box 1183, Khartoum, Sudan Qasr Avenue   
Telephone: (249)183 789410, (249)183 779545

Sudanese French Bank, Sudan

Sudanese French Bank, Sudan
P. O. Box 2775, Khartoum, Sudan, Qasr Avenue    
Telephone: (249)183 781626, (249)183 771740

Faisal Islamic Bank, Sudan

Faisal Islamic Bank, Sudan

Their Services
Current Accounts
Saving Accounts
Deposits Accounts
Auto Finance
and many more

P. O. Box 2415, Khartoum, Sudan, Faiha’a Building, Ali A/Lateef Street      
Telephone: (249)183 777920, (249)183 771714

Bank of Khartoum, Sudan

Bank of Khartoum, Sudan

Their Services:
Products and Services
Auto Finance
Home Finance
Current Accounts
Savings Accounts
Fixed Deposits
Treasury Investment Services
Foreign Relations Financial Institutions

P.O.Box 1008, Khartoum, Sudan, Cross of Gamhouria Street with Qasr Avenue   
Telephone: (249)183 779924, (249)183 779987
(249)183 784081   
(249)183 772880   

Ivory Bank, Sudan

Ivory Bank, Sudan
P. O. Box 11149, Khartoum, Sudan, Cross of El-Sayed A/Rahman Street with Qasr Avenue     
Telephone: (249)183 784517    (249)183 782630
Fax: (249)183 782630