|
Our aim here at Perfect Loans is to find you the right loan for your circumstances as quickly as possible. We currently offer information on personal, car and home loans and hope to provide more on secured and unsecured loans in the future. It can take a long time to find the perfect loan, which is why a lot of people would choose a credit card over a loan.
Credit cards are an easy form of finance; you simply pick up the phone or fill in a form on the internet and you’ve got one. Well, the loan process has become just as simple. Both forms of finance require a credit check, which is one part of the process that takes time. The other part, having to fill in the form, usually takes at least 10 minutes, but with the advancements in internet security we have brought the application process down to just 2 minutes.
Now that the application process has been shortened to just 2 minutes its worth shopping around for a loan instead of just looking for a credit card. The loan gives you more options to look at and possibly provides you with a cheaper option of finance. Credit cards have more penalties for late payments, which you’re only aware once you get penalised, but the loan repayment process is clear from the start. The majority of people with credit cards have a tendency to only pay off the minimum amount to avoid paying a fine and thus taking an incredibly long time to pay back the money they owe. In some cases people just don’t know when they will ever pay back the credit card. This can lead to insecurity and a bad headache.
With a loan the payment plan is all set out in writing and discussed so that you are fully aware of what you’re getting yourself into. All penalties and charges are laid out clearly before you accept. Also the time frame of the loan repayment is arranged before you accept.
Personal Loan: A personal loan is usually a small loan of about £1000 - £5000, generally unsecured, and used for extra cash to help out with difficult financial situations. Typically people may use a personal loan to buy a second hand car, pay off other debts, or to make some home improvements.
Car Loan: Car loans are sometimes offered by the car dealership, although these loans are not recommended. If you know you want to buy a car then look for a good deal on a loan first before going to a dealership. Sales people will try their very hardest to try and get you to choose their finance deal because they get commission.
Home Loan: A home loan can be used to purchase a home (described as a mortgage) or a loan secured against a property already bought (described as a homeowner loan). Click here to visit Mortgage UK for more information on mortgages and a chance to apply.
|