2023 2024 EduVark > Education Discussion > General Discussion


  #1  
January 25th, 2016, 08:38 AM
Unregistered
Guest User
 
Different Kinds of Loans

Hey buddy can you please tell me how many types of loan are there offer by the various organization for there customers?
Similar Threads
Thread
Citibank SBA Loans
APSFC Loans For SC/ST
Types of Loans in SBI
MBA Loans UK
Different Kinds of Beer Brands
Kinds Of State Bank Of India
Student Loans for MBA
MBA kinds
Axis Loans
USA Student Loans
Loans through IREDA
Kinds of MBA
SBA Loans Citibank
PNB Types of Loans
Kinds MBA Programs

  #2  
January 25th, 2016, 08:57 AM
Super Moderator
 
Join Date: Mar 2012
Re: Different Kinds of Loans

Buddy I would like to tell you that there various types of the loans offer by the companies for there customers for that I will get the information so that you can have idea.

Here are the various types loans customer prefer to have

Student Loans
Student loans are offered to college students and their families to help cover the cost of higher education.

There are two main types:
federal student loans and private student loans.

Mortgages
Mortgages are loans distributed by banks to allow consumers to buy homes they can’t pay for upfront.

Auto Loans
Auto loans are can help you afford a vehicle, but you risk losing the car if you miss payments.

This type of loan may be distributed by a bank or by the car dealership directly

Personal Loans
Personal loans can be used for any personal expenses and don’t have a designated purpose.

This makes them an attractive option for people with outstanding debts, such as credit card debt

Loans for Veterans
The Department of Veterans Affairs (VA) has lending programs available to veterans and their families.

Small Business Loans
Small business loans are granted to those persons who want to start or expand a business.

The best source of small business loans is the U.S. Small Business Administration (SBA), which offers a variety of options depending on each business’s needs.

Payday Loans
Payday loans are short-term, high-interest loans designed to bridge the gap from one paycheck to the next person.

Borrowing from Retirement & Life Insurance
Those persons with retirement funds or life insurance plans may be eligible to borrow from their accounts.

This option has the benefit that you are borrowing from yourself, making repayment much easier and less stressful.

Consolidated Loans
A consolidated loan is meant to simplify your finances.

It means fewer monthly payments and lower interest rates. Consolidated loans are typically in the form of second mortgages or personal loans.

Borrowing from Friends and Family
Borrowing money from friends and relatives is an informal type of loan.

This isn’t always a good option, as it may strain a relationship.

To protect both parties, it’s a good idea to sign a basic promissory note.

Cash Advances
A cash advance is a short-term loan against your credit card.

Instead of using the credit card to make a purchase or pay for a service, you bring it to a bank or ATM and receive cash to be used for whatever purpose you need.

Cash advances also are available by writing a check to payday lenders.

Home Equity Loans
If you have equity in your home – the house is worth more than you owe on it – you can use that equity to help pay for big projects.

Home equity loans are good for renovating the house, consolidating credit card debt, paying off student loans and many other worthwhile projects.


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 01:35 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8