Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Finance » Loans » Article
 

Personal loans: Designed to meet your varied financial requirements




By Angelo Drew

Personal loans are better loan options than credit cards. Britons who have met their expenses this Christmas through credit cards are now consolidating their debts with personal loans. The reason being, personal loans entail lower interest rates as compared to credit cards.

According to a survey conducted by Sainsbury Bank, Britons tend to pay their tax bills through personal loans, if the bills are above their expectations. Personal loans are a good loan option to take for meeting various needs and requirements, whatever they may be.

Personal loans can also be used for purposes like buying a car, going for a holiday trip, educational and wedding purposes and many other needs which would be difficult to fulfil on one's own.

For the homeowners, secured loan option is the best loan option to go for. A borrower can enjoy lower interest rates with this loan type. Longer repayment terms are given for the repayments; hence, we can have a lower monthly outflow.

Tenants can easily take an unsecured loan. With this loan type, the threat of repossession of the property is not there. The other benefit which get is that the processing of loans becomes faster, with the lack of collateral valuation.

People with bad credit history may also seek loans, provided that they fulfil the loan criteria of the lenders. Bad credit history could be anything like County Court Judgements, arrears, defaults, bankruptcies etc. With this loan type, people having bad credit history may also improve the same.

For getting a good loan deal, you need to do a little bit of research work. You should apply for the loans online and you will be contacted by different lenders with their loan quotes.

Other sources of availing personal loans are the traditional banking fraternity and private lenders. Still, in the matter of expediency and customer comfort, the Internet is possibly the number one option.
 
 
About the Author
The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in business administration and is currently assisting Loans-Park as a finance specialist.

For more information on Personal loans please visit at: www.loans-park.co.uk

Article Source: http://www.simplysearch4it.com/article/48924.html
 
If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/48924.html" as shown above and make it hyperlinked.



  Some other articles by Angelo Drew
Redeem your business ideas with business loans
Finance is the lifeline around which all the business activities revolve. Whether you have to start a new business project or expand an existing one, business ...

What makes the secured loans market so lucrative?
It is generally the case that finances are never sufficient to match our needs and desires. Some times or the other, ...

Cater your varied personal needs with Personal loans UK
You may use personal loans UK, for the purpose of vacation in a holiday resort, or doing up your home ...

Override your bad credit with bad credit small business loans
Bad credit is considered a negative remark on your personal notebook. If you are a businessman who wants to borrow money, you will have to opt for bad credit small ...

Cheap Personal Loans – For Multiple Usages
Human needs are diverse and multiple. Our entire lives are virtually fixated on fulfilling our day-to-day requirements and manifestation of our long cherished dreams, and money is both cause and solution of all our problems. For this ...

Bad Credit Small Business Loans – For a Fresh Start
Big organisations do not come up suddenly. Small businesses serve as the building blocks for tomorrow's multi-national organisations. However, every project requires funds, irrespective of its ...

  
  Recent Articles
One Hour Cash Advance
by Peter Hughberry

Solve Your Debts With Credit Card Debt Management Plan
by Elaine Owen

Approves loan amount faster - Online personal loans
by Ashley Lewis

Cheap Car Loans Uk:Grab The Opportunity To Buy A New Car!!
by Aldrich Chappel

Get Bad Credit Unsecured Loan with No Hassle in UK
by Anton Gabriel

For The Van Of Your Choice: Used Van Finance
by Bonnie Castle

Finance on Low Rates Is Possible Through Personal Loans
by Peter Taylor

Secured Loans- Money at reasonable rates
by Joanne Clive

The dos and don'ts of adverse credit car loans
by Joanne Clive

Redeem your business ideas with business loans
by Angelo Drew

Unsecured personal loans: Easier and convenient
by Elizabeth Swann

Low Rate Secured Loan: Avail The Benefits Of Low Rates
by Aldrich Chappel

Can't connect to database