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Different loans for different requirements
by minkusood @ 2008-07-17 - 08:09:42

Car Loan: This type of loans are used for buying a car, it can be got from car dealer, financer, bank etc. Other options are available likewise straight loan/hire purchase, for becoming an owner you have to pay loan.

Bridging Loan: If you are selling your old home and buying a new one. Its not an easy process. It may be possible that you have to pay money for buying new home earlier then selling your old home. For this possible problem you can opt for Bridging loan. This Loan facility will help you to borrow for short term & repay the borrowed amount along with the interest once you able to sell you home.

Consolidation Loan: Conolidation Loans are those loans which can be helpful when you are needing money for making monthly payments before getting salary. Debt consolidation loan helpful for current debts and which is to be pay-off. You have to look out that you are able to afford this new payments mode or not. Consolidation Loans are secured on your home.

Tenant Loans: If you are renting your available premises, you are not able to borrow money on your home. In such circumbstances tenant loan helps you to get money in absence of security on loan

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Tags: bridging loan, car loan, consolidation loan, tenant loan,

 
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deleted user [Visitor]

2008-07-17 @ 17:47

Hi Minkesh,

Nice blog. Like you, I believe in working hard to make my dreams come true and am looking to help other people realise theirs. Keep up the good work. Just a little question for you - in the current climate with the credit crunch, which type of loan is becoming more difficult to obtain?

Passport To Wealth Guy

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minkusoodminkusood [Member]
2008-07-19 @ 07:02

Hi Justin,

How r u ? Thanx for your comments.

Its my pleasure to answer your question.
In current circumbstances bad debt consolidation loan is the toughest loan to obtain.

Please let me know about by blogs time to time so that I can improve my blog & try to provide the useful information time to time. So that more and more people get the benefit.

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deleted user [Visitor]

2008-07-19 @ 12:31

Hi Minkesh,
I'm feeling great - writing blogs is good fun and so is reading great blogs like yours!
Thanks for your answer - i've done the debt consolidation already fortunately. What do you think about credit card loans. I've got some money on my credit card and wanted to transfer to another card with 0% for a fixed period. Is that doable?
Justin

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minkusoodminkusood [Member]
2008-07-22 @ 07:19

Hi Justin,

If you are talking about a transfer to another card to pay back the debt at a lower interest rate; just make sure you read the find print on that balance transfer offer and make sure you are comfortable with it. Watch for what the interest rate would be after the introductory offer.

Minku

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