Types of Loan
In today’s banking environment there are loan products built for all borrowing needs. Below are just a few of the most common uses of personal loans. Please let us know the purpose of your loan as it could impact the lenders decision and terms of your loan.
If its remolding the bathroom or making your home more energy efficient an home improvement loan can often pay for itself. Home Improvement loans are fixed interest rate and repaid over a period of three to five years. There are lenders that provide both secure and unsecured home improvement loans.
Online Lenders have reached a point where they can challenge credit card companies and traditional banks. Lenders have loan options for all credit types. Whatever your needs you can expect a more streamlined lending process with greater transparency than in years past.
Credit Card Refinance
Do you have high interest credit card debt? One option is to consolidate your credit card debt with a credit card refinancing loan. This is a great way to pay down credit card debt. You’ll be on a strict payment timeline but you can also save on interest with a the lower fixed rate on a loan.
Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. In many cases this is a great way to take many high interest rate loans, lower the rates and streamline payment schedule.