Monthly Archives: August 2014

Personal Loans – Too Good to be True


A small car outside your cottage, the best education for your child, a memorable wedding for your sister, the best treatment in town for your ailing family member, jewellery for your wife or a big refrigerator and a microwave and an air-conditioner…not to forget mounting credit card dues…

The solution to these needs, wants and problems lies in finance. Name it and personal loans offer a quick, reasonably easy solution!

Unlike other loans, this loan is a hassle free loan. No clarification, guarantor, security required for this loan! Isn’t it too good to be true? The loan can be used for renovating property, marriage expenses, medical expenses, holidays, purchasing consumer durables, higher education etc.

But why a personal loan when there are specialized loan products to meet specific needs? They may not be always helpful.

Let us take the example of one of the most fundamental needs – good education. While an education loan covers the costs relating to your course and the cost of living, your parents may have still needed more cash! Who else would they turn to, but the good old friend-personal loan? You may find it difficult to get a study loan from banks if you plan to do a correspondence course or a part-time one. This loan will help you stick to your plans.

Fast forward. A fairly well-paying job, an educational loan to be paid off. Time to change your second-hand bike for a new car. You will surely not be an ideal candidate for car loans. The possibility of getting a car loan is low even when you settle for second-best, a used-car.

A personal loan will buy you a used car or a new one if your income can justify it. If you fall short of funds for the down payment of the car, (after getting a loan), this loan will help you seal the deal.

Friends, girlfriends, dinners, parties, gifts, designer shirts, a happening social life, all this means mounting credit card bills. Don’t fret. It will even take care of your mounting credit card dues in time of need.

Need your ‘own’ house? While the housing loan will help you get it, you may not have enough funds for the 10-15 per cent down payment that you require to buy a property? Believe it or not, the answer is a PERSONAL LOAN! You can spend on your wedding and then spend on needs such as appliances and jewellery with the help of a personal loan.

Sounds good, doesn’t it! Well, there are a few things to keep in mind, about these loans. You get this loan, primarily based on your income. If you have taken any previous loan, the repayment track record along with your employer’s profile will have a bearing on this loan eligibility. It can also be availed against proof of life insurance policy premium receipts.

There is a catch though. The interest rates on these loans are high (as high as 22-30 per cent in some cases) and the maximum tenure is 60 months or five years.

If you avail this loan for down payment or other expenses, it has an impact on your auto or home loan eligibility as it adds to the expenses.

So, to conclude, this loan is like a magic wand, to be used selectively. Treat the personal loan as a last resort in times of need.

What you Require to be Acquainted With on Government Student Loans

While many Student Loans Institutions are now available for all the students, some are offering loans with very high interests that are proving to be very expensive. The Government Student Loans have solved this problem by providing low cost and manageable loans.

Student financial assistance like loans and grants are available to all eligible students through territorial provincial and federal governments. The federal government for example offers federal student financial aid with many varieties that are meeting a wide range of students needs. Examples are Stafford loans, Perkins Loans, Parent Plus, Gland Plus and others. The choice will be yours.

The other governments too will provide loans according to the students needs. For instance the National Student Loans Services Center (NSLSC) for Canada or integrated student loans. Scroll through the provincial and territorial listings on NSLSC and learn more about their services. Basing on location any government will give the requirements and conditions for all those students with financial need. It is upon the students to work towards fulfilling these requirements like the application deadlines, genuine information required, correct personal information etc and they will definitely enjoy the Government Student Loans.

The government is overly contributing towards the success of many people raising their living standards. For this reason it is advisable that students take advantage of the offers the government gives to meet the financial needs of their education. Try out the Government Student Loans first and let the other alternatives meet any extra need you may have to fund your education.

Poly Muthumbi, a Web Administrator, Has Been Researching and Reporting on Student Loans for Years. For More Information on Government Student Loans, Visit Her Site at GOVERNMENT STUDENT LOANS

Personal Loan Up to 5000: Need $5000 to Fulfill the Financial Needs

Crux of a problem is to avail cash that is so much hard because cash does not grow on the tree so you pluck it easily. Cash is earned by hard working. At times, unexpected expenses occur in the amidst way, at the same time need of the urgent cash, at that time provision for cash is not easy. Therefore you stuck in a mess. At that situation Personal Loan Up To 5000 is the best option to avail urgent money. The lenders through interest provide personal Loan Up To 5000. The process of approval is very fast over internet, search well before availing Personal Loan Up To 5000 you find many lenders to provide Personal Loan Up To 5000 but you are to opt one of them provides you an online application form to fill up few details about your self as name, residential proof, phone/mobile number, business, account number that is at least 6 months old, your monthly salary is more than $1000 and your age is more than 18 years. All the formalities are in your hand; the Personal Loan Up To 5000 will be in your account automatically within few hours. Sometimes you have to face the business loss and you need to extra cash to make up for this loss. Spur of the moments apply online for Personal Loan Up To 5000 and fulfill the application form, after submitting the application form the Personal Loan Up To 5000 be deposited into your account within few hours without any boring process. The with drawl of the Personal Loan Up To 5000 is range from 30 days to 6 months. The rate of interest depends on the borrower’s repayment amount. if the borrower is succeed to repay the amount within date of maturity of the amount, the rate of interest is not so much. If the borrower is unable to repay the Personal Loan Up To 5000 within date of maturity of the amount, the rate of interest may extended. The lenders of the Personal Loan Up To 5000 suggest the borrowers on the look out that the borrowers should read the terms or the conditions of the lenders or the credit agencies suspiciously before availing the Personal Loan Up To 5000. if you are under the default arrears, CCJs, IVA or bankruptcy can apply for Personal Loan Up To 5000 and get the cash by fulfilling a simple online application form. You can use Personal Loan Up To 5000 for various reasons as pay the medical bill, electric bill, phone bill, home remodeling, car repair, pay off the last debt, dream vacation, handle the expenses of coming festival as Christmas day etc.