PERSONAL
LOANS
What is a personal loan and how might it benefit you? Personal loans are a type of loan where there is no security held by the lender (such as property and/or an asset). Importantly, the funds go straight into your bank account. More often than not personal loans are used for a wide variety of things including;
So, what are the pros and cons of an unsecured loan? With unsecured finance, the lend tends to be riskier for the lender and can sometimes incur a higher annual rate. However, with personal loans they offer more flexibility than secured vehicle loans and allow for older vehicle purchases when they don’t match a lenders appetite. The entire process is easier as there is no additional information required aside from how much you are looking to borrow and its purpose. With the funds sent directly to your nominated bank account, you can also borrow an amount for a few different things and have it all inclusive in the one loan.
PERSONAL
LOANS
What is a personal loan and how might in benefit you? Personal loans are a type of loan where there is no security held by the lender (such as property and or an asset). Importantly, the funds go straight into your bank account. More often than not personal loans are used for a wide variety of things including:
Consolidating debt
Purchasing a vehicle (a secured car loan may be a better option and offer a lower interest rate)
Weddings
Holidays
Home renovations
Medical (dentistry, cosmetic surgery, urgent medical funds)
So, what are the pros and cons of an unsecured loan? With unsecured finance, the lend tends to be riskier for the lender and can sometimes incur a higher annual rate. However, with Personal loans they offer more flexibility then secured vehicle loans and allow for older vehicle purchases when they don’t match a lenders appetite. The entire process will be easier as there is no additional information required aside from how much you are looking to borrow and its purpose. With the funds sent directly to your nominated bank account. You can also borrow an amount for a few different things and have it all inclusive in the one loan.