What sort of occassions are these? Most people will require to borrow money every few years to purchase a car.
Large purchases such as a motorhome or caravan are not uaually funded by the person's own ready cash.
Homeimprovements, such as a conservatory,new kitchen or new bathroom all cost many thousands of pounds and as such normally require a loan to fund them.
A credit card usually has a very high interest rate, and therefore will not normally be the best way to make a large purchase. It is really only feasible if you are able to pay it off in the matter of months.
An unsecured loan is rather difficult to obtain at the moment.
In addition to the lack of availibility of unsecured loans at present, most unsecured loan lenders will only grant loans up to a maximum of £15,000.
Even if £15,000 or less is all you need to borrow, the maximum repayment period is usually sixty months.
The interest rate for an unsecured loan is usually higher than for a secured loan, and for some strange reason, some unsecured loan lenders require the applicant to have an extremely high income, such as a minimum of £60,000 for a single applicant and £80,000 for a joint application.
Therefore, all in all a secured loan seems the best option. However,as the name suggets a secured loan must be secured against a property, and therefore to apply for a secured loan you must of course be a homeowner.
Look at the internet to find a secured loan broker who has the whole market to obtain the best rates.
When you first contact the secured loan broker he will take a number of details from you to ascertain the best rates for you, and to make sure that you can comfortably afford the repayments.
The rate you are granted depends on a number of things, such as your credit rating, the equity in your property, and if you are employed or self employed.
For what purpose can you use your secured loan funds? A secured loan can be used for almost any purpose.
How much can you borrow?You can borrow from £5,000 up to £100,000 or sometimes even more subject to you meeting the secured loan lender's criteria.
A secured loan can really make a massive difference to your life,and with the repayment periods,if required, extending to up to twenty five years , it is a very affordable method of releasing some of the equity tied up in your property.
A secured loan can help you achieve objectives which without the secured loan would only remain a dream, such as a luxury motorhome or caravan which give you years and years of happy holidays at an affordable price.
A secured loan can be used to build a conservatory or for almost any other type of home extension meaning that if you really love your home and the neighbourhood, but have outgrown it due to your extending family, you can remain in the home you love thanks to your secured loan.
If you are wanting to get married, but are feeling the pinch financially and feel that you will never be able to save up enough money to pay for a wedding, a secured loan could be your answer.
With the cost of an average wedding now being over £20,000, a secured loan is an excellent way to pay for this. The secured loan can even fund your dream honeymoon to some romantic tropical island in the sun.Imagine enjoying a warm golden beach covered in perfect yellow sand,lapped by crystal blue waters,courtesy of your secured loan.
In short, a secured loan can be used to pay for the most practical thing or can even make your dreams come true.champion finance .
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Champion Finance has been established since 1985,and therefore is most probably the longet established U.K, finance broker.We arrange personal loans, homeowner loans,secured loans,wedding loans,loans for consolidation, etc.etc. We arrange mortgages and remortgages with all leading banks and building societies.Our customers do not need to shop about for the best deal as we have all the best deals available.Debt management, Trust Deeds and IVA's also arranged. http://www.championfinance.com
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