Bank Loan And Credit Collection In Nigeria

Bank Loan And Credit Collection In Nigeria

Abstract

The subject of this exploration works is bank loan and credit collection in Nigeria. Their bank loan develop as an attempt to financials and agrarian sector in the country.

And credit collection seems veritably important because the non prepayment of spare or credit has led to so numerous worried banks in view of the important places banks play in profitable development of a country it has come a matter of necessity for an in- depth exploration and the analysis of its help as well as its problems.

The objective thus is to find out the place of loan in banking operation the problem encountered to extent these problems have on banks and possible result to these problems the exploration work has three to five chapters. Chapter one narrates the bank loan and credit collection.

Chapter two deals with the overview of bank advancing the types of loan available criteria for bank loan and significance of Nigeria frugality.

Chapter three also narrates the exploration design and methodology sources of data area of study and system used in collecting our raw data.

Eventually the conclusion on the exploration and recommendation made by the exploration and all in chapter four and five.

Chapter One

Preface

Statement Of Problem And Purpose Of Study

This study entitle banking loan and credit collections in Nigeria is about difficulties which Nigeria banks encounter in loan given to people.

This has been an intriguing content for those that works in banking assiduity in Nigeria because bank and credit collection deals with acceptance and offer.

What I want to probe form study content citation over is

i. Why people like to collect loan form bank and find it delicate to pay back.

ii. Why bank don’t follow up the loan which they gives out to people

Rational Of The Study

The increase in volume of plutocrat render which banks deal with they’ve completely embraced the collection of loan which enhance their effectiveness. numerous banks now use means collateral for their normal across the counter operation numerous banks uses the nitrest which they induce form given out loan to get their paid up capital.

Loan which banks give to people helps individual to invest within their country and at the same time ameliorate the frugality of the country.

In addition to the bank loan collection of credit is now goes with securities that attendants the loan which to people entered

Significance Of The Study

The disquisition on the content bank loan and credit collection in Nigeria hope that the work of this study will be inflame the interest of the other fiscal institution both private and public who makes used of the loan.

However it hoped that the report will help to indicate some area of knowledge when may be applicable to problem collecting bank loan it’s useful to fiscal institution as a companion for unborn exploration work and what’s more important is to make the banks to be wise for better unborn decision making the thesis will be also significant to the society in big way because if the use of loans is well productive effectiveness and effectiveness could be enhanced in the fiscal institution in the Nigeria banking assiduity the banker will profit important by the way of making profit.

Description Of Terms

Banker This is defining as any person in Nigeria who’s engaged in banking business. It’s a system as an agent of development that occupies a central position in the frugality of any nation.

ii. fiscal institution This is the establishment that issue fiscal obligation similar as demand deposits in order to acquire finances form the public.

iii. Loan Mean the sum of plutocrat gives to the requirements loan granted by banks should ascertain the purpose of the loan this is important because the bank house to follow some specific internal and external operation policy to guideline while advancing it means lending of plutocrat.

iv Collateral This can be define as offers which the borrower must offer before loan can be granted to him her.

Paid- up capital This means the increase in the minimal paid up capital for bank started in the time up52 when indigenous had N250 as their paid up capital it’s plutocrat kept away for liquidation

vi. plutocrat plutocrat is define as any thing which is generally respectable in give society or position as a mean of exchange and for agreement of debt.