Business Conversation

Bank Clerk: Good morning, Mr. Bono. Please have a seat

Mr. Bono: Good morning. Thank you

Bank Clerk: What can I do for you?

Mr. Bono: Well, I’d like to get some information on bank loans and I hope you can explain it to me

Bank Clerk: Okay, I’ll certainly try to do my best for you, sir. What would you like to ask?

Mr. Bono: I know that a bank can give a commercial loan and personal loan. So, what is the differences between these and loans?

Bank Clerk: Well, Mr. Bono. Commercial loans are principles that banks lend to business and the interest is a little bit higher

Mr. Bono: And what about the personal loans, anyway?

Bank Clerk: So, personal loans are loans that given to individuals sand the interest is lower

Mr. Bono: Oh yea, I see. Now if I want to buy a car or a house, is it possible for me to get a loan from a bank

Bank Clerk: Sure, sir. Why not? This is not a commercial loan nor a personal loan. We call it a car loan or a house loan

Mr. Bono: Do you need a collateral if I want to take it?

Bank Clerk: No, sir. We don’t. the car or the house will serve as you collateral, and if you default, we will take the car or the house back

Mr. Bono: I see now. It sounds very interesting and not so complicated

Bank Clerk: What else do you want to ask Mr. Bono?

Mr. Bono: What about the interest?

Bank Clerk: The rate of interest on car loan is 45% p.a and for the house loan is 89% p.a

Mr. Bono: How about the instalment?

Bank Clerk: The instalment term is 4 years. So, you will have to install 34 times

Mr. Bono: And what else do you need if I am interest to get a car loan or a house loan?

Bank Clerk: We just need your payment slip signed by the manager where your work for. And you should have an account here.

Bank Clerk: Would you mind to start now, Mr. Bono?

Mr. Bono: Oh, why not. What should I do now?

Bank Clerk: Please fill in this application form and sign it here. And may I borrow your ID card,sir?

Mr. Bono: Sure, here it is

Bank Clerk: Thanks….