Tag Archives: installment
Long term installment loans: Available Easily to Fulfill Demands of Life
People need money in order to support them and to respond positively to the demands of life. Demands of life are simple and innocent. Sometimes it is a car and sometimes higher education of children but such demands are endless. On the other hand, income of an individual is always limited. This is why he is found to keep himself busy in search of sources of money. Money in his purse allows him to smile and disappointment captures his mind if the purse is weak. Long term installment loans may help him when he is really in need of money.
Long term installment loans are available of two variants. The first one is known as the secured form and in this form the borrower should produce documents in support of the fact that he owns a home in his name or he has similar kind of property. In the first form the property of the borrower is pledged as collateral. By doing so he will get the following benefits:
1. He will be given a loan in the range of $25,000 to $75,000.
2. The rate of interest will be not high.
3. The repayment period will be longer (between 10 and 25 years).
Long term installment loans may also be obtained in unsecured form in which case the borrower is not required to produce any property to be pledged as collateral. But his terms of loan will be like the following:
1. The amount of loan will be less and will be in the range of $5000 to $ 25000.
2. The rate of interest is much higher.
3. The repayment period will be shorter (between 1 and 10 years).
One more advantage in long term installment loans is that people who have tag of bad credit history can also get this loan. The borrower can apply online and the money may be transferred to his bank account within 24 hours provided application form is filled in properly. There are plenty of lenders and lending agencies who are ready to give long term installment loans and loan payment process is smooth and easy.
Health is wealth or wealth towards health
Health has always been a concern to all human beings but since insurances are everywhere, but must we believe that every English citizen is completely insured? Medical emergencies are unavoidable and result in a lot of unexpected expenditure. Payday lenders offer loans of up to £ 1000 , to anybody who has a consistent monthly income. Instant transfer of loans can also be done with a small extra fee, which enables the borrower to avail the loan within a couple of hours. If it is not an emergency, the default transaction time is a couple of days from the approval date.
UK just celebrated with the whole world, world diabetes day on November 14th , 2009. this was an instant light thrower on how many people neglect their health because of cash constraints. This is mainly the reason why these loan lenders come into the picture to help. It is not necessary that all loans availed from these payday loan lenders must be repaid instantly. There are many lenders , who now believe in the installments scheme, to make payday loans simpler. The installment scheme depends upon the consumer and some of the lenders will tell the customers to decide whether he wants to go with it or not at the time of signing the deal. This also gives a bigger domain to the consumers as they have an option to decide their repayment mode. Also after taking the loan if a consumer is not in a comfortable position to repay the amount, he has the option to shift himself to the installment mode. This is another very good option as it can enhance the customers domain.
Such repayment plans where the total loan amount is being split over a certain period , helps the borrower to repay with smaller amounts monthly. This is not only a benefit with respect to burden, but also reduces the interest paid every month, since interests are calculated on the remaining loan amounts. The number of cycles in such installment plans are decided by the lenders policies and the loan amount borrowed. For those who like repaying all in one shot, all payday lenders have the option of prepayments, where the loan amount can be paid all in once. This also reduces the loan repayment amount and helps the consumers. To avail this facility the consumers should contact the lender and tell them that they want to shift their payment mode.
The interest rates are highly reasonable and attractive and thus offer another benefit interest wise. When getting a loan from an online payday loan lender involves just a couple of simple steps, why turn to anyone else? Since all is well with availing a loan, why not just go to a neighboring hospital and get your long overdue health issues sorting done!