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Loans Guide
 

Loans Guide

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To Get Cash In As Fast As 1 Hour visit: http://bit.ly/getcashinasfastas1hour

To Get Cash In As Fast As 1 Hour visit: http://bit.ly/getcashinasfastas1hour

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    Loans Guide Loans Guide Document Transcript

    • ==== ====Get Cash In As Fast As 1 Hour:http://bit.ly/getcashinasfastas1hour==== ====Many people are confused by the different types of loans available. Here is a helpful loans guideof the most common loans available today.Bad Credit Personal LoanA 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 arrearscan live on to deny you access to finance that other people regard as normal. If you are a homeowner with equity in your property, a Bad Credit Personal Loan can bring that normality back toyour life. Secured on your home, a Bad Credit Personal Loan can give you the freedom, forexample, to do the home improvements or buy the new car you really wanted. With a Bad CreditPersonal Loan you can borrow from £5,000 to £75,000 and up to 125% of yourproperty value in some cases.Bridging LoanA bridging loan as the name implies is a loan used to "bridge" the financial gap between moniesrequired 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 unableto 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 whenbuying one property before the existing one is sold. A bridging loan can also be used to raisecapital 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 sixmonths.A bridging loan is similar to a mortgage where the amount borrowed is secured on your home butthe advantage of a mortgage is that it attracts a much lower interest rate. While bridging loans areconvenient the interest rates can be very high.Business LoanA business loan is designed for a wide range of small, medium and startup business needsincluding the purchase, refinance, expansion of a business, development loans or any type ofcommercial investment. Business loans are generally available from £50,000 to£1,000,000 at highly competitive interest rates from leading commercial loan lenders. Theycan offer up to 79% LTV (Loan to Valuation) with variable rates, depending on status and length ofterm.
    • They are normally offered on Freehold and long Leasehold properties with Bricks and Mortarvaluations required. Legal and valuation fees are payable by the client. A business loan can besecured by all types of UK business property, commercial and residential properties.Car LoanThe main types of car loans available are Hire Purchase and Manufacturers schemes. Hirepurchase car finance is arranged by car dealerships, and effectively means that you are hiring thecar from the dealer until the final payment on the loan has been paid, when ownership of thevehicle is transferred to you.A Manufacturers scheme is a type of loan that is put together and advertised by the carmanufacturer and can be arranged directly with them or through a local car dealership. You willnot be the owner of the vehicle until you have repaid the loan in full, and the car will berepossessed if you default on repayments.Cash LoanCash Loans also known as Payday Loans are arranged for people in employment who findthemselves 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 untilsubsequent paydays. To apply for a Cash Loan you must be in employment and have a bankaccount with a cheque book. A poor credit rating or debt history is initially not a problem.Debt Consolidation LoanDebt consolidation loans can give you a fresh start, allowing you to consolidate all of your loansinto 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 yourcredit and store cards, HP, loans and replace them with one, low cost, monthly payment - onecalculated 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 canreduce BOTH your interest costs AND your monthly repayments, putting you back in control ofyour life.Home LoanA Home Loan is a loan secured on your home. You can unlock the value tied up in your propertywith a secured Home loan.The loan can be used for any purpose, and is available to anyone who owns their home. Homeloans 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.Home Improvement LoanA Home Improvement Loan is a low interest loan secured on your property. With a HomeImprovement Loan you can borrow from £5,000 to £75,000 with low monthlyrepayments. The loan can be repaid over any term between 5 and 25 years, depending on youravailable income and the amount of equity in the property that is to provide the security for theloan.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-houseexpenditure like a new car or repaying credit card or other debts.Home Owner LoanA Home Owner Loan is a loan secured on your home. You can unlock the value tied up in yourproperty with a secured Home Owner loan. The loan can be used for any purpose, and is availableto anyone who owns their home. Home owner loans can be used for any purpose such as, homeimprovements, new car, luxury holiday, pay of store card or credit card debt and debtconsolidation. With a Home Owner Loan you can borrow from £5,000 to £75,000.Payday LoanPayday Loans also known as Cash Loans are arranged for people in employment who findthemselves 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 untilsubsequent paydays. To apply for a loan you must be in employment and have a bank accountwith a cheque book. A poor credit rating or debt history is initially not a problem.Personal LoanThere 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 theirproperty as security), whereas tenants only have the option of an unsecured personal loan.Remortgage LoanA remortgage is changing your mortgage without moving your home. Remortgaging is the processof switching your mortgage to another lender that is offering a better deal than your current lenderthereby saving money. A remortgage can also be used to raise additional finances by releasingequity in your property. You can borrow from £25,000 up to £500,000. Rates arevariable, depending on status.
    • Secured LoanA secured loan is simply a loan that uses your home as security against the loan. Secured loansare suitable for when you are trying to raise a large amount; are having difficulty getting anunsecured loan; or, have a poor credit history. Lenders can be more flexible when it comes tosecured loans, making a secured loan possible when you may have been turned down for anunsecured loan. Secured loans are also worth considering if you need a new car, or need to makehome 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 simplyselect a monthly payment that fits in your current circumstances.Secured Personal LoanA Secured Personal Loan is simply a loan that is secured against property. Secured personalloans are suitable for when you are trying to raise a large amount; are having difficulty getting anunsecured personal loan; or, have a poor credit history. Lenders can be more flexible when itcomes to Secured personal loans, making a Secured personal loan possible when you may havebeen turned down for an unsecured personal loan. Secured personal loans are also worthconsidering if you need a new car, or need to make home improvements, or take that luxuryholiday of a lifetime. You can borrow any amount from £5,000 to £75,000 and repayit over any period from 5 to 25 years.Student LoanA 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 ofreceiving money to help with your living costs when youre in higher education. You start payingback the loan once you have finished studying, provided your income has reached a certain level.Tenant LoanA tenant loan is an unsecured loan granted to those that do not own their own property. A tenantloan is always unsecured because in most cases, if you are renting your accommodation, you donot have an asset against which you can secure your loan. Tenants sometimes find that someloan companies will only lend money to homeowners. If you are a tenant you need to look for acompany, bank or building society willing to give you an unsecured loan.Unsecured LoanAn unsecured loan is a personal loan where the lender has no claim on a homeowners propertyshould they fail to repay. Instead, the lender is relying solely on the ability of a borrower to meettheir 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 areborrowing, 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. Unsecuredloans 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 nothomeowners and cannot obtain a secured loan for example; a tenant living in rentedaccommodation.Unsecured Personal LoanAn Unsecured personal loan is a personal loan where the lender has no claim on a homeownersproperty should they fail to repay. Instead, the lender is relying solely on the ability of a borrower tomeet 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 tenyears. 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 cannotobtain a secured loan for example; a tenant living in rented accommodation.Bill Stone writes for Direct Online Loans who help homeowners find the best available loans viathe www.directonlineloans.co.uk website.Article Source:http://EzineArticles.com/?expert=Bill_Stone==== ====Get Cash In As Fast As 1 Hour:http://bit.ly/getcashinasfastas1hour==== ====