CAR LOANS

Buying a new car is an exciting decision, however you have to be aware of what you can afford ... and that is why pre-approval on your car loan is a good idea. You may not be aware that a Car Loan can also be used for buying a boat, motorcycle, caravan or trailer. A Car Loan is usually given at a fixed rate, which ensures you know exactly what you pay each month. The interest rate on your particular loan is dependent on factors such as whether the vehicle is new or used, your credit history and current financial situation.

Personal Loans

Personal Loans are useful for specific events, such as your dream holiday, renovations or even your wedding day celebrations. It can be provided at a lower interest rate than a credit card. There is usually a fixed term and repayments, to help you to choose the loan that is right for you. This type of loan can also be used when you want to consolidate your debt, in other words ... 1 repayment for everything you owe.

Insurance

Insurance providers give a number of insurance options, these include Loan insurance, Investment Property insurance and Home and Contents. Loan insurance offers cover in case of terminal illness or death, because unfortunately even in these circumstances your loan repayments may still need to be paid. Investment property insurance, insures property that you own but don't live in. Depending on the level of insurance you choose, your policy can cover contents and fixtures for rental units or apartments. Home and Contents insurance allows you to choose the level and type of cover that suits your needs.

Mortgage Brokers

Mortgage Brokers can be a great help and information source when deciding on the type of Loan that suits your needs. A mortgage broker works with you to offer loan options that, from their expert knowledge, they feel most suit your needs. They can also act on your behalf with the lender and often get your approval within days.

Important considerations when choosing your mortgage broker:

• It is important to check your mortgage broker is a member of their regulatory body, within Australia this is the Mortgage Industry Association of Australia (MIAA). Membership ensures that your broker acts within strict guidelines and standards, it helps to ensure professionalism.
• ask the number of lenders they deal with. This amount obviously impacts on the loan options you will be given.
• Check if there are any fees. Most mortgage brokers are paid on commision, sometimes for the term of the loan.

Life they do cost money

Often more than what we have. If used discriminately, personal loans may often be the solution for such short term borrowing needs.

Loans.net has an outstanding selection of personal loans. A personal loan is an easy-to-apply, easy-to-obtain loan for a wide range of individuals, including those with less than perfect credit (or even bad credit). Most importantly, personal loans can be used for any purpose, including debt consolidation. In most cases, the collateral commitment is often not that large and at times is not even required, especially with unsecured loans.

The approval process for personal loans takes just a few minutes and may not be subject to formal closing procedures up to a certain amount. You can even get an instant decision online. There is minimal paperwork involved and an easy online application offered by Loans.net is all it takes to apply for a personal loan.