Archive of ‘Finance’ category

Informative Details Regarding Loan Without Security

If you are searching for unsecured loan then do not worry there are many good options available on the internet you can easily explore for loan without mortgage. You are not bound to spend loan amount on one asset if you are borrowing unsecured loan. People who can’t fulfill their dreams because of financial problem have good option of loan without security. You just have to fulfill the required documents so that lender can easily approve your loan application. However if you are taking loan from bank then they will take weeks to credit loan amount but it is not with loan without security.

Loan from private lenders

There are many private lenders they will provide you credit card and you are allowed to do shopping of your choice because they will give you 59 days to repay the amount. It is not best option for new car or any other asset because for that you have to borrow high amount of loan without mortgage. If you are having bad credit history than you can easily borrow loan from http://www.lånepengeronline.no because they will provide you instant loan. Do not worry if your loan request has been rejected by bank due to poor credit history. There are many online lenders they will provide you loan amount as much as you need in short time. You can easily use the money to improve your credit history or people are allowed to use loan amount for any other emergency.

Do not become victim

However it is said that lenders who provide unsecured loan they are lifeline for people who do not get secured loan. The good thing is they will not borrow from you any of your personal asset and they can’t claim your property or asset if you fail to repay the loan on time. There are many types of scam lenders online they will use your personal information. You can easily become victim so be sure while choosing lender for financial helps.

Credit Card Usage May Affect Your Loan Eligibility

When I was discussing with one my friend, he proudly says that he uses credit card for everything and pay the due before the due date, which makes him the most trusted customer for his bank. Here the important point is that, he even feels that it would improve his chance of getting more loan amount if he applies for a loan because of his repayment history of his credit card. Is that true?

kaikki halvimmat vipit, many has the wrong opinion on using the credit card and how it impacts the credit history when you applying for a loan. I would like to ask this question to my friend Say if you are paying the monthly credit card bill of Rs. 30000 when your take home salary is Rs. 60000. That means that your total expenses is 50% of your income and it is deliberately known to the bank by seeing your credit card payments. If you have the remaining amount Rs. 30000, then how can you pay the loan EMI if it is Rs. 30000? That is how banks would look into your credit history.

Many are not aware that credit card is a one kind of loan instrument for the bank customers. It is a temporary loan amount from bank with the free credit period where you need not pay the interest. Buying the most expensive goods with credit card and paying the EMI is one of the popular blunder by customers. The interest charged on credit card is very high.

When banks look into the credit card history while sanctioning loan amount for you, they consider credit card as the loan instrument. Obsessive use of credit card will lead to the less loan amount eligibility. Be wise when you are using the credit cards. Also note that dont fail any of the dues which will have the negative points on your credit report.

Dont run behind the reward points. Nowadays most of the banks and reward payment programs offering bonus points for using the credit cards. Dont fall prey for those lucrative offerings.