A secured loan requires the borrower to have some sort of collateral as payment security for loan lenders. In the event that the borrower fails to pay the loan amount, lenders will take the asset and use it as a payment for the loaned money.
On the other hand, an unsecured loan refers to a Personal Loan without collateral, but this often comes with a higher interest rate. It is considered personal loans for less than perfect credit risk since it doesnt have any form of security (aka the aforementioned collateral). Why apply for Personal Loans.
Here are the top reasons Filipinos borrow money. Acquiring a vehicle Funding a business venture Creating an emergency fund Credit card payoff Debt consolidation Financing home improvements or renovation Financing education Improving your credit score Medical expenses Purchasing electronic gadgets Starting an investment Travel fund.
What Type of Loans are available. There are a variety of loan types available to you with Snappy Payday Loans. The following are some of the more common types of loan products offered: Payday Loans, Installment Loans, Lines of Credit, Revolving Credit Plans.
Once you select the state you reside in, you will be notified of the type of loan products available. As always, please review your loan documents carefully before you sign to ensure you understand the type of loan and terms being offered.
Loans types and terms will vary by state law.
If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189. 12, with a total payback amount of 2,269. 44 which including the 3 fee paid from the loan amount, would have a total cost of 329. Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131.
Money is Deposited Directly. E-sign documents to accept your loan offer and get cash directly deposited in as soon as the next business day. Get Results Fast.
1041 4th Avenue, Suite 302, Oakland, CA 94606 USA Owned Operated. LoanSolo. com is not a lender and does not provide short term or online personal loans but refers consumers to the lenders who may provide such loans. LoanSolo. com is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan.