- The loan you may eventually qualify for has a direct bearing on the salary/income you draw annually. If it is low, try applying for a loan with your spouse or parents.
- If possible, always go for a loan scheme whose interest rates are calculated on a monthly reducing basis than a yearly reducing basis. Whichever way you analyze, the former method is always profitable for the borrower. Else, you'll end up paying more.
- Public sector banks have a lesser interest rates than private banks. In the case of some loan schemes, this difference is quite palpable.
- Always make it a point to check the prepayment fine. This is important especially if the loan you are applying for is a 15 or 20 year period (say).
- Keep an eye on the processing fee charged by the bank. Even if the bank says that they charge only a nominal processing fee of 2%, for a loan of 10,00,000, that will amount to 20,000, which is not at all a small sum in any counts. When you see such 'nominal' offers, set your mind calculator to do some simple calculations before proceeding further.
- If an insurance cover comes along with a loan scheme, you can go for it.
- Finally, make it a point to read and understand the terms and conditions, its various clauses and sub clauses. Understanding the fine print helps you to realize whether you really benefits or not from a particular offer.
Tuesday, December 26, 2006
Things to Consider While Applying for a Loan
Availing a loan is quite easy these days. Virtually every bank in India is offering one loan scheme or the other to woo customers. But, from a customer point of view, choosing a loan scheme from the many can be a daunting task. This article talks about few aspects that every loan seeker must consider first before signing any loan agreement.
Subscribe to:
Post Comments (Atom)
17 comments:
i read your blog this about the things consider while applying for a loan.i am realy impressed by your information.it is a true note about the consideration applying for any loan.no credit check loans
is another type of loans slightly similar to other type of loans available at simple term and condition.
http://www.loansx.co.uk/
i read your blog this about the things consider while applying for a loan.i am realy impressed by your information.it is a true note about the consideration applying for any loan.no credit check loans
is another type of loans slightly similar to other type of loans available at simple term and condition.
http://www.loansx.co.uk/
i read your blog this about the things consider while applying for a loan.i am realy impressed by your information.it is a true note about the consideration applying for any loan.no credit check loans
is another type of loans slightly similar to other type of loans available at simple term and condition.
http://www.loansx.co.uk/
There is much to consider when applying for a loan, such as credit rate, how long it will take you to pay it back, financial needs, and so on. I have many school loans to pay back and it is a pain already. My friends went with South Dakota loans and they have forever until they have to pay their loans back. I hope this finds you well. Have a fantastic day!
Nice pointers. Be vigilant enough to determine if there are hidden charges too. Payday loans might be easy to avail but it does not mean that we will be careless enough not to check other details.
I agree. And it is the borrowers responsibility to check if there are hidden fees included by the payday lenders.
The requirements listed above are far more complicated than payday loans. Despite of this loan's high interest rates, i still choose payday loans because of its fast approval system and convenient application like text a loan.
Loans are those amount that is taken for a particular time to fight with hard times. get the best deals online on financial services.
www.dialabank.com
Owning the dream car is not at big deal, nowadays as it can be easily realized using car loan. Cars are Becoming Necessity of each and everyone. But the price of the car is not affordable for a common man. However, Axis Bank Car Loan has come up with the most appropriate solution for car financing. The car loans available at affordable rates.
A good advice for those borrowers planning to apply a loan.
Compare LOANS provided by different Banks at one stop. Or call 60011600.
You can avail of loan amount any day anytime and anywhere through online because the process of providing loan are available 24 hours. Text loans is easy.
A new purchased online commonly involves your customer to supply a number of sensitive information by using app. however we're right here to help you through the course of action. As soon as looking for credit ensure that your own credit rating is actually suitable, this will likely preserve occasion along with, dollars. Furthermore, while looking for credit you'payday text loans UKll want to come to a decision if you need your personal loan along with what you would utilize the dollars pertaining to.www.textloanslendersinuk.co.uk
good quality article, your all provided information is all true, keep your blogs on- greet.
cash advance loans
Post a Comment