Tag Archives: Personal Loans

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Importance of Credit Rating for Getting Loans

SME loans are the funding of small and medium sized enterprises. Since these small businesses augment the economic growth of the country, banks usually finance these companies or firms through various ways. There are ways in which banks lend money to these firms. The first is financial statement lending, in which banks give loans on the basis of the financial statements provided by the borrowing firm;

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How to Get Short Term Loan With Bad Credit Rating

Got a bad credit rep? Fear not! Payday loans got you covered. Payday loans are a perfect way of getting short term loan if you’re amidst a financial crisis. As the name suggests, payday loans are extremely short term loans that tide you through the remainder of the month if you suddenly get broke. You need to repay the loan on your next when you get your next pay cheque.

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The Credit Building Benefits of Online Short Term Loans

Nobody feels that running out of money is a good thing, but regardless of what we feel, that happens to everyone. When you work 40 hours a week just to keep yourself and your family comfortable, the pain of running out of money for even the most basic things like paying rent or utility bills, is even more painful.

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The Essential Point Checklist to Prepare for Your Loan Application Interview

Be it a job interview or a loan application one, the experience of putting your first impression as bang-on one is an opportunity nobody would afford to miss. Anyhow, you just have to create a distinct edge.

Reaching out this artefact makes it pretty obvious that you are going to appear for a loan application interview. We know that getting your loan application rejected for no other reason than just having an unsuccessful interview is very disappointing.

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Key Points to Consider Before Deciding on a Loan against Property

Banks offer various kinds of loan – home loans, car loans, personal loans and loan against property. A loan against property is a loan given by the lender i.e. the bank against a property that is being mortgaged by the borrower. The loan amount is 40% – 60% of the market value of the property that is being mortgaged by the borrower.

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Business Loans – The Advantages and Disadvantages

It is a common occurrence for small firms or big corporate companies to require financial assistance either for expansion or because they have incurred a huge loss. In such cases, companies take loans from banks; these loans are called business loans which have separate terms and condition. The firm is obligated to repay the loan plus interest as per these terms and conditions.

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Why to choose Bank Islam personal loan?

Monetary needs is a constant factor in an otherwise unpredictable life. Be it to meet short term goals such as purchasing a car or long term goals of saving for a child’s education or marriage, there will always be a need for money. Loans offer a convenient way to realise these requirements. There are many requirements a loan must meet before an applicant acquires it.

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Tools You Can Use – Home Loan Eligibility Calculator

Most financial institutions provide borrowers with a tool which is called a home loan eligibility calculator which helps in the home loan application process. This calculator takes into account the tenure and interest rate of the borrower’s choice along with their monthly total income and calculates how much loan amount the individual is eligible for. This tool must be used by all individuals who plan to apply for a home loan with a financial institution. The reasons why one must use a home loan eligibility calculator are:

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Home Loan for Doctors and Other Medical Professionals

Are you a doctor? Do you want to buy a home? Do not worry about high interest rates and costly home loan packages. There are several lenders/credit providers who are willing to offer special deals and savings to you, because, you are considered to:

1. Have a lower than average delinquency rate; and

2. Be at a low risk of defaulting on your home loan repayments.

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What’s the Practical Significance of No Guarantor Unemployed Personal Loans

There is always the preponderance of reasons for one to go out of the cash and turn the situation upside down, without anywhere else to go. These reasons can be awful and many times quite killing too. You do not want to live this kind of life. Unemployment is one such type of condition, which can bring you to a complete falling down condition.