Money Article Library LOGO spacer.gif - 1kb Top Commissions, Great Re-orders, Best Support & Promotions

Home | Loans & Debt | - Applying For A Loan Online


The World's Perfect Global Home-Based Business
Unbeatable 80% Re-Order Rate Makes the Perfect Home-Based Business. Top demonstratable products in 5-Mega-Profit Industries, World-Class Training, Free Website, Huge Commissions, Bonuses, Travel, Cars. Top Support Team & LEADS Program... CLICK HERE FOR FREE DETAILS!



BOOK MARK AND SHARE THIS ARTICLE

Hints And Tips On How To Apply For A Loan

By: Peter Kenny

If you are thinking about getting a loan, then you should know about the basics before you get started. If you understand the basic dos and don’ts of loans, then you will be better equipped to find the best loan for your needs. Whatever type of loan you are applying for, you should follow these basic rules to help you find the best deal:

Shop around

When searching for a loan, it pays to do your research. Look for as many suitable lenders as you can, so that you can find the very best deal. There are many online pages that allow you to compare loan rates from a variety of lenders. As well as looking online, check out your high street banks and mortgage lenders for deals too. However, remember that if you ask for a detailed quote, the lender will have to look at your credit report. Too many lenders looking at your credit report can affect its rating, so make general enquiries until you are sure the lender is right for you.

Look beyond APR

When shopping for a loan, you should look past the promotional APR rates and terms, and ask the lender what the monthly repayments are. Low APR rates are good, but you need to find out what rate you can actually receive, what the repayment terms will be and if there are any additional charges. Think about the total interest payments on the loan rather than just the monthly payments.

Look at protection

When taking out any loan, it pays to have protection in place in case you fall ill or become unemployed. Look at the cost of taking out such cover, both with the lender and with other companies. Also make sure that you need all items of cover, as some of the items such as sickness or accidents may be covered by your current employer.

Avoid using collateral

If possible, try and avoid taking out secured loans. If the amount you need to borrow is small or you have good enough credit to borrow without collateral, then do so. Although unsecured loans have higher rates, they are less risky because your home will not be at risk if you cannot make the payments.

Check and double-check

Before signing any agreements, check and double-check all of the terms and small print. Some lenders will put the most unfavourable clauses in the agreement in a place you might overlook. Look at what happens if you miss payment or the payment is late, and if there are any additional penalties or charges, such as charges for early repayment.

Get short terms

Try and take a loan out over the shortest period you can afford. Taking loans out over 10 years or more can be risky, and you cannot be sure what your financial situation will be at that time. Of course, taking out a long-term loan for property is acceptable, but is it something you really want to do just to buy a car or pay for a marriage? The longer the period of the loan, the more you have to pay back.

Whatever type of loan you want to get out, make sure that you know you can afford to make the repayments, and that taking out the loan will help you financially.

Article Source: http://www.moneyarticlelibrary.com

Peter Kenny is a writer for creditcards-gb.co.uk. For additional articles and an extensive resource for everything about credit cards, please visit us at Credit Cards and Personal Loans


RECRUIT & TRAIN MLM WINNERS FAST AND EASY... CLICK HERE NOW!


Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive - Applying for a Loan Online Articles Via RSS!


Related Articles:
AWeber - Email Marketing Made Easy


CLICK HERE NOW FOR FREE DETAILS ON THE NEWEST AND MOST PROFITABLE WELLNESS AFFILIATE PROGRAM FEATURING LIFETIME COMMISSIONS AND THE HIGHEST RE-ORDER RATE IN THE INDUSTRY.




The World's Perfect Global Home-Based Business
Unbeatable 80% Re-Order Rate Makes the Perfect Home-Based Business. Top demonstratable products in 5-Mega-Profit Industries, World-Class Training, Free Website, Huge Commissions, Bonuses, Travel, Cars. Top Support Team & LEADS Program... CLICK HERE FOR FREE DETAILS!



DISCLOSURE--NOTICE OF AFFILIATE/ADVERTISER STATUS:
The owner of this website is an affiliate/advertiser for providers of products and/or services listed on this website and may receive compensation if you purchase those products and/or services. All referrals are made in good faith for sources believed to be credible and that offer good value. In all cases the decision to purchase, or not to purchase, should be made after performing your own due-diligence on the efficacy and suitability of the product or service being offered. By clicking on product/service links on this website you agree to hold this website's owners harmless in the event the product/service is found to be unsuitable for any reason. All claims for refunds must be made to the supplier/vendor of any product/service you purchase from any link on this site..




Public Disclaimer For All Users :

All articles in this directory are the sole property and opinion of the author. Author's assume all responsibility for any claims, or opinions, voiced in their articles. No article in this directory is intended to provide any legal or professional investment advise. Articles are written for entertainment and educational purposes only. Readers should, in all cases, consult a licensed professional before taking any actions with regard to money management, investments, business opportunities, etc.

This directory, it's web site developers, internet providers, web hosts, and designers accept no responsibility for any information in this directory. By submitting to this article directory, all author's agree to "defend and hold harmless" all individuals and companies associated with this director, in any claim or cause-of-action brought to any court of any jurisdiction, against them as a result of publishing and archiving the author's articles and information.



Powered by Article Dashboard