personal finance

Loans

4 of the best banks for personal loans in 2019

For years, the best option for procuring a personal loan has been a bank. Now, borrowers can simply procure a personal loan from various online lenders. However, if you understand the process of banking and have a good credit score, you will realize that banks and financial institutions are in majority of the cases, still […]

Loans

10 types of commercial loans

Think business and the first thing that strikes your mind is financing. A systematic financing option funds business requirements and enables them to kickstart operations and plan their expansion. Keeping that in mind, it is commercial loans that play a decisive role in how any business venture shapes up. There are several types of commercial […]

Loans

3 popular loans you must avoid

In most cases, loans can be a useful tool to build credit. This is applicable only if the borrower pays back the loan on time. However, there are a few types of loans that can trap the borrower in an endless debt cycle. These are the loans to avoid. These types of loans are often […]

Loans

3 types of assets usable as collateral for loans

Collateral is an asset that a borrower submits to a lender as security. The lender has the complete right to permanently seize the collateral if a borrower defaults on repayments. He/she may sell the asset to compensate for the incurred losses. This claim on the collateral of a lender is called a lien. Collateral-based loans […]

Loans

3 types of loans that should be avoided

Financial scammers are always on the lookout to target people that have been denied loans from legitimate financial institutions. Some loans, although helpful, need to be avoided by customers as they could lead to additional problems. When someone is considering taking up a loan, it is important for them to know what types of loans […]

Loans

4 factors that determine car loan approval

When purchasing a car, especially by taking a loan, before choosing a model and signing the paperwork, it is imperative that you weigh the pros and cons of taking a car loan. Managing the costs associated with it will be simpler if you understand the multiple factors involved in it. Your financial health The first […]