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A Guide to Finding Cheap Loans
Finding cheap loans isn't always easy… it seems like every time you turn around new rates and fees are added and the loan process becomes increasingly frustrating with each new change that's made. Cheap loans don't have to be such a hassle,...
Bad Credit Loans - You Do Have Options
If you are one of the millions of people walking around today
with a bad credit rating, you may well be wondering how you'll
ever be able to get a loan again in the future. Well wonder no
longer. If you need a loan and have bad credit, the...
Guide to Unsecured Loans
Outlined below is a guide to unsecured loans. It will give you a better understanding of what an unsecured loan is as well as what to consider before applying for one. As the name implies, an unsecured loan does not require the borrower to put up...
Halifax loans - if you haven't stumbled on best loans yet
The origin of Halifax loans can be traced back to 1852 when a group met in Old Fax Inn in Halifax to discuss the founding of an investment society. Halifax, now, is a name associated with the competitive rates on personal loans, mortgage, credit...
Home loans: what you should know !
Finding home loans can be a daunting task, whether you’re a first time home buyer or an existing homeowner. The good news is that there are more options than ever to help you find the loan that’s right for you. Check Your Credit Report An...
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SECURED LOANS: AN ASSURANCE TO A CAREFREE TOMORROW!!!
Secured Loans facilitate borrowers to avail of capital against
the value of the asset placed as security with the creditor. The
creditor now has the ownership rights to the asset, which acts
as guarantee against the loan. Although the asset is normally in
the form of a home, security can also be offered by placing any
concrete property, a vehicle or a valuable asset as collateral.
This is why; secured loans are often referred to as "Homeowner
Loans", "Home Loans", "Secured Personal Loans" or "Second Charge
Loans". For secured loans, the loan amount ranges from £5,000 to
£75,000 and the repayment period extends from 5 to 25 years. The
purpose of taking a secured loan could be consolidation of your
existing loans, to clear out unpaid bills, making home
improvements or for taking that much needed holiday!
The interest charged on loans is known as APR (Annual Percentage
Rate). For Secured loans , it varies, depending on personal details
of the borrower (like credit history), the loan amount, the loan
term, etc. Although lenders are legally obliged to familiarize
borrowers with the effective APR and other costs involved in
taking up the loan, many of them, to fill up their coffers
involve hidden costs that increase the loan cost tremendously.
Sufficient collateral with good financial conditions will get
you the best interest rates and a more relaxing repayment
option. Converse will be the case if a borrower invokes
insecurity with the lender. A creditor will then respond with
relatively high interest rates, scrutinize the borrower's case
more minutely and decide on repayment options, which he feels -
will bring back his money safely. When one applies for a secured
loan, he signs an agreement that is called a security agreement.
This agreement reduces interest, because the lender now has
security against which he is lending his money.
As secured loans are backed by collateral, most lenders approve
loans even in cases of CCJs, defaults, county court judgements
and arrears. This make secured loans very attractive to people
who would otherwise not qualify for a loan from their local
bank. If a borrower has exceptional credit history and
good
financial standing he can expect amounts ranging up to 125% of
his property value. All this depends on how comfortable a lender
feels with the borrower's collateral and credit history. People
who have bad credit and disorderly financial conditions might
find it difficult to get even a sum of 70% of the total value of
their collateral. Thus, you can avail of a secured loan even if
you have bad credit history, what you need to have is concrete
property that can act as collateral or security.
Benefits of Secured Loans:
* The interest rate charged on secured loans is the lowest
because the risk borne by lenders is very minimal. * Repayment
of secured personal loans is spread over a greater time frame.
* The Repayment period can vary from 3 - 25 years.
* The interest for secured loans varies, depending on personal
details of the borrower (like credit history), the loan amount,
the loan term, etc.
* Secured Loans offer flexible repayment options that should be
chosen carefully after shopping around and comparing quotes.
The hassles associated with the process of getting a secured
loan, dissuade many borrowers from getting one. They find,
filling up applications, answering endless questions, incising
enquiries on their credit history and bank balances, too time
consuming and obstructive. The solution to these impending
problems is to look for a lender who offers online applications
or completes the process with minimum documentation and a
minimum encroachment on time and privacy. It usually takes
around 14 days for a secured personal loan to be completed and
you can cancel any time within this period, with no penalties.
The common denominator in all definitions is that borrowers want
the amount desired with minimum interest rates, minimum hassles,
maximum flexibility in repayments and zero overhead costs.
Shopping around and involving yourself in the loan selection
will reap these benefits. Hard work bears fruit, so get going
today!!!
About the author:
Marsha Claire is offering loan advice for quite some time.To
find UK secured loans,unsecured loans,mortgage visit http://www.ukfinanceworld.
co.uk
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| Cheap Loans | car, personal & secured homeowner loans ... |
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| Loan Center - Yahoo! Finance - News, Education, Daily Rates and ... |
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| Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
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| FinAid | Student Loans |
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| GovLoans.gov - Find the Right Loan for You |
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| Loan - Wikipedia, the free encyclopedia |
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| Mortgages, Refinance, Home Loans, Home Equity Loans at Quicken Loans |
| Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
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| Mortgage Loans - Compare Mortgage Rates - MSN Money |
| Get a mortgage loan that’s right for you. Compare mortgage loan rates of top lenders. |
| moneycentral.msn.com |
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| The Student Loans Company Ltd. |
| Provides details of the Student Loans system which is part of the Government's financial support package for students. |
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| Loan Guaranty Service, Home Page (U.S. Department of Veterans Affairs) |
| This page provides content and information related to the Loan Guaranty Home Loan Program. |
| www.homeloans.va.gov |
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| Fool.co.uk - Compare Loans - Personal Loans and Unsecured Loans |
| Compare over 200 UK loans including personal loans, secured loans, and unsecured loans. Search all loans and apply online. |
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| LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
| Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
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| Direct Loan Home Page |
| The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
| www.ed.gov |
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| Personal, home equity loans for union members at Union Plus |
| Union Privilege offers Union Plus benefits -- including credit card, mortgage, loans, insurance, scholarships, health care savings and other discounts -- to ... |
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| Countrywide Financial - Home Loans - Equity Loan Mortgages ... |
| Countrywide Home Loans is the nations largest independent mortgage lender offering home equity, HELOC, refinance, mortgages, debt consolidation and other ... |
| my.countrywide.com |
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| Secured Loans UK - Secured Personal Loans - accepted.co.uk |
| We search over 200 secured loan plans to find the best deal from our lenders - accepted.co.uk. |
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| UK Loans : Personal Loans, Secured Loans, Cheap Loan Quotes |
| The UK Personal Loan Store offers comparisons of the UK loans, personal and secured loans. Also offers tips, articles and latest loan news section. |
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