Posts Categorized: Personal Loans

The cheapest personal loans

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Theres a price war going on so heres a round-up of the best personal loans on the market right now. If you want to borrow a larger sum of money, a personal loan is a good option for many people. The good news is there is loads of competition in the personal loan market right […]

DYK: How interest rate is calculated on your personal loan

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Personal loans are unsecured loans. This means that you dont have to keep any collateral with the financial institution that you borrow from. Unsecured loans are usually more expensive compared with secured ones because banks dont have any collateral which they can pledge in case you default. So, a personal loan will be more expensive […]

Ocean Finance adds personal loans to its range

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Mortgage and loan broker Ocean Finance has launched a personal loans service. For the first time, Ocean customers will be able to apply for unsecured loans between pound;1,000 and pound;15,000 for any purpose, with a rate of 24.9% APR Representative (variable). Research carried out for Ocean Finance in March of this year showed that, of […]

Borrowers warned of home-loans squeeze as interest rates rise

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Loan approvals are expected to be squeezed despite demand rising [GETTY] Loan approvals are expected to be squeezed despite demand rising significantly, the Bank said. Its quarterly Credit Conditions Survey for the three months to the end of May found lenders forecast a lower appetite for risk in the sector over the next three months. […]

What Happens When Your Home Loan Is Not Enough

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Rajesh was very happy on identifying his dream home for Rs 50 Lakh. Just as Rajesh was all set to buy the property, his world came crashing down when he approached the bank and coming to know that the maximum home loan he could avail as per his eligibility is Rs 40 lakhs. Rajesh had […]

Islamic banking terms in personal loans explained

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By Brendon Lee If you’ve been scouting around for a good personal loan plan you probably would have come across many Syariah-compliant loans: which essentially mean they are in line with Islamic teachings. Syariah refers to laws and practices in Islam and banks that observe this offer alternative financial schemes that operate under these principals. […]