Jangan Sekali-kali Melepaskan 1,5 Juta Balon ke Udara
Jangan Sekali-kali Melepaskan 1,5 Juta Balon ke Udara
Many people are confused by the
different types of loans available. Here is a helpful loans guide of the most
common loans available today.
Bad Credit Personal Loan
A Bad Credit Personal Loan is a loan
designed for the many people with a bad credit rating. However created, your
past record of County Court Judgements, mortgage or other loan arrears can live
on to deny you access to finance that other people regard as normal. If you are
a home owner with equity in your property, a Bad Credit Personal Loan can bring
that normality back to your life. Secured on your home, a Bad Credit Personal
Loan can give you the freedom, for example, to do the home improvements or buy
the new car you really wanted. With a Bad Credit Personal Loan you can borrow
from £5,000 to £75,000 and up to 125% of your property value in some cases.
Bridging Loan
A bridging loan as the name implies
is a loan used to "bridge" the financial gap between monies required
for your new property completion prior to your existing property having been
sold. Bridging loans are short term loans arranged when you need to purchase a
house but are unable to arrange the mortgage for some reason, such as there is
a delay in selling your existing property.
The beauty of bridging loans is that
a bridging loan can be used to cover the financial gap when buying one property
before the existing one is sold. A bridging loan can also be used to raise
capital pending the sale of a property. Bridging loans can be arranged for any
sum between £25000 to a few million pounds and can be borrowed for periods from
a week to up to six months.
A bridging loan is similar to a
mortgage where the amount borrowed is secured on your home but the advantage of
a mortgage is that it attracts a much lower interest rate. While bridging loans
are convenient the interest rates can be very high.
Business Loan
A business loan is designed for a
wide range of small, medium and startup business needs including the purchase,
refinance, expansion of a business, development loans or any type of commercial
investment. Business loans are generally available from £50,000 to £1,000,000
at highly competitive interest rates from leading commercial loan lenders. They
can offer up to 79% LTV (Loan to Valuation) with variable rates, depending on
status and length of term.
They are normally offered on
Freehold and long Leasehold properties with Bricks and Mortar valuations
required. Legal and valuation fees are payable by the client. A business loan
can be secured by all types of UK business property, commercial and residential
properties.
Car Loan
The main types of car loans
available are Hire Purchase and Manufacturer's schemes. Hire purchase car
finance is arranged by car dealerships, and effectively means that you are
hiring the car from the dealer until the final payment on the loan has been
paid, when ownership of the vehicle is transferred to you.
A Manufacturers' scheme is a type of
loan that is put together and advertised by the car manufacturer and can be
arranged directly with them or through a local car dealership. You will not be
the owner of the vehicle until you have repaid the loan in full, and the car
will be repossessed if you default on repayments.
Cash Loan
Cash Loans also known as Payday
Loans are arranged for people in employment who find themselves in a situation
where they are short of immediate funds.
A Cash Loan can assist you in this
situation with short term loans of between £80 and £400.
Loans are repayable on your next
payday, although it is possible to renew your loan until subsequent paydays. To
apply for a Cash Loan you must be in employment and have a bank account with a
cheque book. A poor credit rating or debt history is initially not a problem.
Debt Consolidation Loan
Debt consolidation loans can give
you a fresh start, allowing you to consolidate all of your loans into one -
giving you one easy to manage payment, and in most cases, at a lower rate of
interest.
Secured on your home debt consolidation
loans can sweep away the pile of repayments to your credit and store cards, HP,
loans and replace them with one, low cost, monthly payment - one calculated to
be well within your means. With a Debt Consolidation Loan you can borrow from
£5,000 to £75,000 and up to 125% of your property value in some cases. It can
reduce BOTH your interest costs AND your monthly repayments, putting you back
in control of your life.
Home Loan
A Home Loan is a loan secured on
your home. You can unlock the value tied up in your property with a secured
Home loan.
The loan can be used for any
purpose, and is available to anyone who owns their home. Home loans can be used
for any purpose such as, home improvements, new car, luxury holiday, pay of
store card or credit card debt and debt consolidation.
With a Home Loan you can borrow from £5,000 to £75,000.
With a Home Loan you can borrow from £5,000 to £75,000.
Home Improvement Loan
A Home Improvement Loan is a low
interest loan secured on your property. With a Home Improvement Loan you can
borrow from £5,000 to £75,000 with low monthly repayments. The loan can be
repaid over any term between 5 and 25 years, depending on your available income
and the amount of equity in the property that is to provide the security for
the loan.
A Home Improvement Loan can help you
with a new kitchen, bathroom, extension, loft conversion, conservatory,
landscaping your garden or new furniture. You can even use it on non-house
expenditure like a new car or repaying credit card or other debts.
Home Owner Loan
A Home Owner Loan is a loan secured
on your home. You can unlock the value tied up in your property with a secured
Home Owner loan. The loan can be used for any purpose, and is available to
anyone who owns their home. Home owner loans can be used for any purpose such
as, home improvements, new car, luxury holiday, pay of store card or credit
card debt and debt consolidation. With a Home Owner Loan you can borrow from
£5,000 to £75,000.
Payday Loan
Payday Loans also known as Cash
Loans are arranged for people in employment who find themselves in a situation
where they are short of immediate funds.
A Payday Loan can assist you in this
situation with short term loans of between £80 and £400.
Loans are repayable on your next
payday, although it is possible to renew your loan until subsequent paydays. To
apply for a loan you must be in employment and have a bank account with a
cheque book. A poor credit rating or debt history is initially not a problem.
Personal Loan
There are two categories of personal
loans: secured personal loans and unsecured personal loans - See individual
titles below. Homeowners can apply for a Secured personal loan (using their
property as security), whereas tenants only have the option of an unsecured
personal loan.
Remortgage Loan
A remortgage is changing your mortgage
without moving your home. Remortgaging is the process of switching your
mortgage to another lender that is offering a better deal than your current
lender thereby saving money. A remortgage can also be used to raise additional
finances by releasing equity in your property. You can borrow from £25,000 up
to £500,000. Rates are variable, depending on status.
Secured Loan
A secured loan is simply a loan that
uses your home as security against the loan. Secured loans are suitable for
when you are trying to raise a large amount; are having difficulty getting an
unsecured loan; or, have a poor credit history. Lenders can be more flexible
when it comes to secured loans, making a secured loan possible when you may
have been turned down for an unsecured loan. Secured loans are also worth
considering if you need a new car, or need to make home improvements, or take
that luxury holiday of a lifetime. You can borrow any amount from £5,000 to
£75,000 and repay it over any period from 5 to 25 years. You simply select a
monthly payment that fits in your current circumstances.
Secured Personal Loan
A Secured Personal Loan is simply a
loan that is secured against property. Secured personal loans are suitable for
when you are trying to raise a large amount; are having difficulty getting an
unsecured personal loan; or, have a poor credit history. Lenders can be more
flexible when it comes to Secured personal loans, making a Secured personal
loan possible when you may have been turned down for an unsecured personal
loan. Secured personal loans are also worth considering if you need a new car,
or need to make home improvements, or take that luxury holiday of a lifetime.
You can borrow any amount from £5,000 to £75,000 and repay it over any period
from 5 to 25 years.
Student Loan
A student loan is way of borrowing
money to help with the cost of your higher education. Applications are made
through your Local Education Authority. A student loan is a way of receiving
money to help with your living costs when you're in higher education. You start
paying back the loan once you have finished studying, provided your income has
reached a certain level.
Tenant Loan
A tenant loan is an unsecured loan
granted to those that do not own their own property. A tenant loan is always
unsecured because in most cases, if you are renting your accommodation, you do
not have an asset against which you can secure your loan. Tenants sometimes
find that some loan companies will only lend money to homeowners. If you are a
tenant you need to look for a company, bank or building society willing to give
you an unsecured loan.
Unsecured Loan
An unsecured loan is a personal loan
where the lender has no claim on a homeowner's property should they fail to
repay. Instead, the lender is relying solely on the ability of a borrower to
meet their loan borrowing repayments. The amount you are able to borrow can
start from as little as £500 and go up to £25,000. Because you not securing the
money you are borrowing, lenders tend to limit the value of unsecured loans to
£25,000.
The repayment period will range from
anywhere between six months and ten years. Unsecured loans are offered by
traditional financial institutions like building societies and banks but also
recently by the larger supermarkets chains. An unsecured loan can be used for
almost anything - a luxury holiday, a new car, a wedding, or home improvements.
It is good for people who are not homeowners and cannot obtain a secured loan
for example; a tenant living in rented accommodation.
Unsecured Personal Loan
An Unsecured personal loan is a
personal loan where the lender has no claim on a homeowner's property should
they fail to repay. Instead, the lender is relying solely on the ability of a
borrower to meet their loan borrowing repayments.
The amount you are able to borrow
can start from as little as £500 and go up to £25,000. The repayment period
will range from anywhere between six months and ten years. An Unsecured
personal loan can be used for almost anything - a luxury holiday, a new car, a
wedding, or home improvements. It is good for people who are not homeowners and
cannot obtain a secured loan for example; a tenant living in rented
accommodation.
Article Source: http://EzineArticles.com/1151093
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