Friday, October 19, 2007

Cheap business loans in UK

If you are looking for a cheap business loan in the UK, then it is of vital importance to have all information about such loans to hand. Here is a review of the current market in the UK with information on obtaining cheap business loans or fast secured loans.

Good planning
Before you start looking for a good and cheap business loan, it will help to understand that good planning will go a long way in reducing interest rates. With loan rates ranging from 4% to 40%, good planning will ensure that a cheap loan helps you save money. First of all you need decide the amount required and for what purpose. You also need to consider how you plan to repay the loan. The shortest possible time frame on repayment will usually ensure that the loan stays cost effective.

Types of business loans
There are various types of business loans that vary depending upon the nature of the loan. If you first have an understanding of the kind of loan you require, it will greatly help in reducing interest rates and getting a reasonable loan. Start up business loans are provided for new businesses that require the initial funding to start up. Besides this expansion loans or mezzanine funding is provided to take an organisation into the next level of business. Business planning loans are also provided to help in planning and conducting research work to decide whether the business is profitable or not.

Sources of cheap business loan
The cheapest forms of business loans are secured loans. As the amount is secured against an asset, it is safer for lenders to make such loans. This also enables the borrower to get loans at much lower interest rates. Besides this, many loans are offered by the government for startup businesses.

Not all cheap loans are the same and one needs to carefully read the small print before signing the loan papers. Look for details like pre payment penalties and late payment charges. These factors are often overlooked and are the main reasons that make a loan more expensive than it looks. Also check that the rate promised to you by the lender is clearly indicated in the small print. Take your business loan from a trusted lender as to avoid problems and choose an organisation which provides these types of loans and many more, even bad credit loans, bad credit unsecured loans in the UK. While a cheap loan may look lucrative, remember that some organisations could dupe you into paying much more.

Good credit personal secured loans in UK

If you are looking for good credit personal secured loans in the UK market, then here is some information that can be of use to you. It is important to understand that today’s finance market is highly competitive. While the good of this translates into various loan options and competitive rates, the bad side is that a borrower knows very little about the various lenders and has to go by gut feel on which names to trust. Here is an overview of such loans to help customers decide on the best loan options.

Benefits of good credit personal secured loans
Such loans have various benefits and are often the first choice for many customers. The first benefit of these loans is that they are easy to obtain. When a customer has good credit he poses low risk to the lender. Also the presence of an asset to secure the loan further reduces the risk of the customer defaulting on the loan. This combination makes borrowers lucrative for the lenders and enables them to reduce interest rates. Besides a lower interest rate, customers also get more time for repaying the loan.

Sources for obtaining such a loan
A personal secured loan can be obtained from a bank, a building society or any other financial institution. Today many finance companies have own websites, making it easier for customers to compare packages, rates and the terms and conditions. However while there are many available for obtaining loans online, customers must be careful of whom they apply for the loan from. They should also be wary of the interest rate (whether it is competitive or not), repayment terms and the fine print of the terms and conditions. If a company offers a drastically cheap loan, it is worth making the effort to double check the fine print. There may be a point that could make the whole loan an expensive affair.

Amount issued
With good credit, a personal secured loan can allow customers to borrow around £5,000 to £75,000 for principal amount. Usually, lending firms will stipulate a repayment period from 5 to 25 years depending upon the amount that can be paid back each month. On being approved for a loan, the customer is usually given the lump sum of money in return for an agreement document where the borrower agrees to make regular repayments.

Good credit personal secured loans are often the easiest to get. These are low risk loans for lenders and benefit the borrowers. However choosing a lender may be difficult. provides an excellent comparison service by listing the top lenders in the industry and helping customers compare loan rates and all options before applying for a loan.

Payday loan: A Complete overview

From different surveys, it is seen that the number of customers taking payday loan as well as payday lending companies are increasing frequently. If you are a person taking the payday loan for the first time or want to gather information regarding payday loan, then this article will be of great help to you.

Definition of payday loan:-

Payday loan is a very short term loan. Usually the term is 1-2 weeks. There are other names of payday loan like - “Cash Advance”, “Paycheck loan”, “Check loans”, and “Payroll advance loans”. After you get your paycheck, the loan is to be repaid. If you can not repay the loan amount plus lender’s charges for payday loan on your payday, you can rollover the loan amount by paying extra fees to the lender plus you have to pay the interest along with for the rollover period. So, payday loan can be termed a “Loan Sharking”.

Necessity of payday loan:-

By the end of the month, you may face some problems in maintaining some urgent family expenses like paying off your Medical Bills, Phone Bills, and Electric Bills, House Rent or some other utility bills. These things usually happen when you fail to maintain a proper budget at the time of getting your paychecks or not keeping your expenses up to your income limit. Hence in order to meet such urgent expenses you need a payday loan.

Payday loan companies:-

There are so many companies who are promoting check cashing facilities online. Besides some banks and other financial institutions also provides you with a payday loan. You can apply online for a payday loan or you can visit physically to an institution to avail a payday loan.

Conditions to be satisfied to get an instant payday loan:-

The criterions of different payday loan companies are-
1. You must have a job or there should be a regular source of income.
2. You should have a Checking A/c in a bank.
3. You should be an US citizen.
4. You should be at least 18 years of age.
5. Your monthly income should be at least $1000 Per Month.

Best application time of payday loan:-

If you apply for the loan from Monday to Thursday, you will get the loan on the next working day, i.e. Tuesday to Friday. If you apply for the loan on Friday, then you will get the loan on the next Monday, and if you apply on Saturday or Sunday, you will get the loan on Tuesday.
So the best time to apply for the loan is Monday to Thursday.

When will you get the money?

As the process is very simple to get the loan amount, in general you will get your loan amount within 24 hours of application. Company will check your documents and verify your data with an automated system named as VPN Based software, and then approve your loan. The entire process of verification of your identity and depositing the money to your Checking A/c takes 24 hours of time. There are some companies who will deposit the loan amount in less than 24 hours.

Costs of payday loan:-

Usually a payday loan company charges 15 to 30 USD per $100 borrowed. So, if you borrow $100, you will have to pay 115 to 130 USD on the very next payday. The APR of payday loan cash advance interest boosts up to 391%.

Maximum limit of payday loan:-
If you are taking a payday loan for the first time, you may get up to $500 for the first time. After you repay back your first loan amount in time, you can avail more than $500 when you revisit the company for another payday loan.

Think before taking a payday loan:-

1. You should keep in mind the APR factor of the loan before taking it. You should find the company which is charging a lower APR than its competitors.
2. You should take care about the privacy of your document and information. So, if the tendency of the company is to process applicant’s information in an encrypted page, you should think that your information will not be licked out, and then you can proceed on.
3. You should read the company policy and legal matters complied with before submitting an application form to them.

Repayment of payday loan:-

The lender company will take the money off from your checking A/c on the date of your payday. You should be ready and aware about your payday and the amount to be repaid. If you fail to repay the loan on the scheduled date then you may have to ask the lender to rollover your loan amount.

Alternatives to payday loan:-

1. In order to avoid taking such high interest loan like payday loan cash advance, you should make an appropriate budget which is according to your income.
2. You may also save certain amount of money from your paycheck every time you get it.
3. Before taking a payday loan cash advance, you should be looking for a loan from a friend or relative as they will not take any interest for lending the money to you. Another thing is also involved here that if you not be able to repay the money in future, you may not have to run away from your creditors. For more information regarding alternatives to payday loan, visit to-

Monday, May 21, 2007

Study Loans

Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. The term finance may thus incorporate any of the following:

  • The study of money and other assets;
  • The management and control of those assets;
  • Profiling and managing project risks;
  • As a verb, "to finance" is to provide funds for business.

The activity of finance is the application of a set of techniques that individuals and organizations (entities) use to manage their financial affairs, particularly the differences between income and expenditure and the risks of their investments.

An entity whose income exceeds its expenditure can lend or invest the excess income. On the other hand, an entity whose income is less than its expenditure can raise capital by borrowing or selling equity claims, decreasing its expenses, or increasing its income. The lender can find a borrower, a financial intermediary, such as a bank or buy notes or bonds in the bond market. The lender receives interest, the borrower pays a higher interest than the lender receives, and the financial intermediary pockets the difference.

A bank aggregates the activities of many borrowers and lenders. A bank accepts deposits from lenders, on which it pays the interest. The bank then lends these deposits to borrowers. Banks allow borrowers and lenders, of different sizes, to coordinate their activity. Banks are thus compensators of money flows in space.

A specific example of corporate finance is the sale of stock by a company to institutional investors like investment banks, who in turn generally sell it to the public. The stock gives whoever owns it part ownership in that company. If you buy one share of XYZ Inc, and they have 100 shares outstanding (held by investors), you are 1/100 owner of that company. You own 1/100 of the net difference between assets and liabilities on the balance sheet. Of course, in return for the stock, the company receives cash, which it uses to expand its business in a process called "equity financing". Equity financing mixed with the sale of bonds (or any other debt financing) is called the company's capital structure.

Finance is used by individuals (personal finance), by governments (public finance), by businesses (corporate finance), etc., as well as by a wide variety of organizations including schools and non-profit organizations. In general, the goals of each of the above activities are achieved through the use of appropriate financial instruments, with consideration to their institutional setting.

Finance is one of the most important aspects of business management. Without proper financial planning a new enterprise is unlikely to be successful. Managing money (a liquid asset) is essential to ensure a secure future, both for the individual and an organization.