Normally when some one decides that they want to raise some extra cash they have normally already made up their mind what they want to do with this money whether they want the funds to purchase a caravan, a boat, to go on a cruise, pay for university fees, etc.
They must also, at that point, make up their mind how best to raise the money, that is the best way to borrow the money that they need.
There are numerous loans, and the best one often depends on what the purpose of the loan is.
When a person wants to buy a vehicle whether it is a car, a motor bike, etc it is sometimes possible to get a bank loan but this would be a personal loan and banks these days are not keen to grant such loans especially since they have tightened up their lending criteria. You also have to go personally into the bank during business hours which are Monday to Friday 9am to 5Pm.
A loan can be had from the car garage but the rates can be quite high and a deposit is needed.
When some one wants to carry out home improvements, loans may be obtained from the bank or from the company that are engaged to carry out the improvements.
However the disadvantages with these loans is the same as for car loans. You most go into the bank in person and provide several estimates for the work
Home improvement loans taken out from the firm doing the work have high rates of about 25%.
There are much better means of funding these purchases, and these are secured loans and remortgages both of which are low interest rate homeowner loans that can be used for almost any purpose, in addition to being good debt consolidation loans.
Both a remortgage or a secured loan can be arranged by post and phone or even in the comfort of your own home.
They must also, at that point, make up their mind how best to raise the money, that is the best way to borrow the money that they need.
There are numerous loans, and the best one often depends on what the purpose of the loan is.
When a person wants to buy a vehicle whether it is a car, a motor bike, etc it is sometimes possible to get a bank loan but this would be a personal loan and banks these days are not keen to grant such loans especially since they have tightened up their lending criteria. You also have to go personally into the bank during business hours which are Monday to Friday 9am to 5Pm.
A loan can be had from the car garage but the rates can be quite high and a deposit is needed.
When some one wants to carry out home improvements, loans may be obtained from the bank or from the company that are engaged to carry out the improvements.
However the disadvantages with these loans is the same as for car loans. You most go into the bank in person and provide several estimates for the work
Home improvement loans taken out from the firm doing the work have high rates of about 25%.
There are much better means of funding these purchases, and these are secured loans and remortgages both of which are low interest rate homeowner loans that can be used for almost any purpose, in addition to being good debt consolidation loans.
Both a remortgage or a secured loan can be arranged by post and phone or even in the comfort of your own home.
About the Author:
Want to find out more about secured loans, then visit Champion Finance's site on how to choose the best debt advice for your needs.
No comments:
Post a Comment