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This study aims to analyze the legality of buy back guarantee which is increasingly being used in banking and financing institutions. The research results are very important to determine the position of the buy back guarantee agreement in the debtor and creditor credit agreement so that the legal relationship between debtors, creditors and third parties can be found. This type of research is literature research, legal materials are analyzed qualitatively with a normative juridical approach.
The research concludes that the fulfillment of the insurance elements in Article 1820 of the Civil Code is a legal basis to justify the buy back guarantee as a guarantee agreement. However, buy back guarantee does not provide legal certainty for creditors because it does not have executorial power like material guarantees. Therefore, based on the research results, it is recommended for legislators to immediately formulate laws and regulations governing buy back guarantee as a strong legal basis for banks and financing institutions in the practice of guarantees.
For example, when a person or company is waiting for long-term financing while he needs money to cover temporary costs. An example is a company having an equity funding round that is expected to be closed for six months.
So he can choose to use a bridge loan to cover the equity funding. For example, to provide working capital, cover payroll, utilities, rent, inventory costs, and various other costs until the funding round can be covered all.
The flexible installment payment system allows you to buy a house / shop / office / apartment with a period of time and a share of the amount of credit (revolving account available) that you specify.
Amount of Funds Can Be Borrowed
The limit on the amount of borrowed funds is highly dependent on the acceptance of the analysis of the prospective debtor’s income. In essence, the main requirement is the amount of your income. However, from this standalone calculator, you can calculate how much the installments are for various variable years or down payments.
Terms and Conditions:
After the fixed rate period ends, the prevailing interest rate is the variable interest rate (floating rate) and is reviewed every 6 months.
The Credit Details above are only a simulation / cost estimate.
Apart from the above fees, there are still: appraisal fees, life insurance, fire insurance, notary fees, and other fees. The estimated total nominal value of these costs can reach 6% of the ceiling or in accordance with applicable regulations.
Property, requires experts to help understand and manage transactions. In the last decade, software and websites have changed the traditional real estate process. But regardless of how much technological advances, it will never replace real estate intermediaries – agents. Why? As important as real estate is to our society, it remains a conundrum for most consumers. Amongst various laws, documents and best practices, there are many things that are used to buy and sell property. To help consumers better understand the real estate process and to equip real estate agents to better market their business.
Real estate is defined as property and buildings on a specific plot of land. It also includes above and below ground air and underground rights, respectively. The term “real estate” means real, or physical property.
On the other hand, buyer’s agents work with people who want to buy real estate. They are responsible for finding potential properties, arranging shows and searches, negotiating on behalf of their clients, and assisting during the buying and closing process. Buying clients do not usually pay to work with buyer’s agents. If they manage to arrange the real estate transaction, the buying agent earns 3% of the gross selling price, also paid by the seller