Loan Guide

Many people are confuse by the different types of loans available. Here is a helpful guide to the most popular loans available today.

Bad personal loan

Bad Credit Personal Credit is a loan design for many people with a bad credit rating. Regardless of how it’s do, your prior district court orders, mortgage or other debt records may be important to deny you access to finance that others would normally see. If you are a homeowner with real estate assets, a bad personal loan can help you get your life back on track. A bad personal loan secured on your home can give you the freedom to renovate your home or buy a new car that you really want, for example. For bad personal loans, you can borrow from £ 5,000 to £ 75,000, in some cases up to 125% of the value of your property.

A bridging loan

A bridging loan, as its name suggests, is a loan use to “close” the funding gap between the funds need to complete a new property before selling your existing property. A bridging loan is a short term loan that is give when you need to buy a home but for some reason you are unable to secure a mortgage, such as a delay in selling your current property.

The advantage of bridging loans is that they can be use to close a finance gap when buying properties before selling existing ones. Bridging loans can also be use to finance real estate sales. Bridging loans are adjustable from £ 25,000 to £ million and can be borrow for a week or six months.

A bridging loan is similar to a mortgage 대출 in which you borrow the amount as collateral for your home, but the advantage of a mortgage loan is that you get a much lower interest rate. Bridging loans are cheap, but the interest rate can be very high.

Business loan

Business loans are design to meet the wide range of needs of small businesses and start-ups, including purchasing, refinancing, business expansion, development loans, or any type of business investment. Business loans are typically available from £ 50,000 to £ 1,000,000 at very competitive rates from major business lenders. We can offer up to 79% of the Loan to Measure (LTV) with a floating rate depending on the circumstances and maturity.

These are typically offer for property rentals and long-term rentals that require a brick and mortar valuation. Legal and evaluation fees are pay by the client. Business loans can be secure on all types of commercial, commercial and residential properties in the UK.

Car loan

The main types of car loans available are rental purchase and manufacturer plans. Financing for the purchase of a rental car is arrange by the car dealer, and once ownership of the car has been transfer, the car is borrow from the dealer until the final loan is paid off.

A manufacturer plan is a type of loan create and advertise by car manufacturers that can be obtain directly from the manufacturer or through your local car dealer. You cannot own the vehicle until the full loan amount has been pay off and the vehicle will be forfeit if payment is not make.

Cash loan

Cash loans, also know as payroll loans, are grant to employees in emergency situations of lack of funds.

A cash loan is a short term loan of between £ 80 and £ 400 that can help you in these situations.

The loan can be repay with another payday loan, but the loan can be extend until the next payday loan. To apply for a cash loan, you must be working and having a bank account with a check book. Bad credit score or debt history is not a problem.

Consolidation loans

Consolidation loans offer a fresh start by combining all your loans into one loan that is easier to manage and in many cases offers a single repayment at a lower interest rate.

Once you have a home debt consolidation loan, you can eliminate the pile of payments on credit and store cards, HP and loans and replace them with one affordable monthly payment as part of your funds. With a Debt Consolidation Loan, you can borrow anything from £ 5,000 to £ 75,000, in some cases up to 125% of the value of your assets. You can take control of your life by reducing both your interest costs and your monthly payments.