Loans buzz» Loans http://loansbuzz.com Thu, 09 Sep 2010 12:53:27 +0000 en hourly 1 http://wordpress.org/?v=3.0 Canara Bank Teachers Loan http://loansbuzz.com/canara-bank-teachers-loan/ http://loansbuzz.com/canara-bank-teachers-loan/#comments Sun, 05 Sep 2010 19:41:15 +0000 Ravi http://loansbuzz.com/?p=2757 Canara Bank offers Teachers Loan for all the government and private teachers at attractive interest rates, The teachers in india can get all types of loans very quickly with minimal documentation from the Canara Bank.

Purpose:

  • To meet any genuine personal needs.

Eligibility:

  • All confirmed teaching / non-teaching staff working in a school / college – drawing salary through our branches

Quantum :

  • 6 months’ gross salary or Rs.1,00,000/- whichever is less.

Processing Charges:

  • 1% of the loan amount with a minimum of Rs.50/- .

Repayment :

  • Upto 60 months.

Security :

  • Suitable co-obligation

Documents/Formalities to be completed:

  • Stipulated Loan Application with 2 passport size photographs
  • Latest Salary Certificate and Form No.16
  • Co-obligation where applicable

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]]> http://loansbuzz.com/canara-bank-teachers-loan/feed/ 0 Education Loans in Philippines http://loansbuzz.com/education-loans-in-philippines/ http://loansbuzz.com/education-loans-in-philippines/#comments Sun, 29 Aug 2010 09:49:57 +0000 Ravi http://loansbuzz.com/?p=2712 Philippines is a developing country and is forging ahead to create a definite niche in the global economy. Education is an important factor for the development of any country. Philippines is not far behind in an attempt to provide education to every child by granting education loans to students. All banks in Philippines provide education loans to students for studies in Philippines, as well as abroad. Apart from banks, there are a number of charitable institutions and other private funding associations in Philippines that provide education loans to students.

There are a large number of Philippines students who prefer to go abroad for their post-graduation studies. The loans prove to be a boon, mainly to the students whose education and stay abroad would be very costly. Some private banks grant education loans and also cover the expenses of lodging and travel. Most private banks in Philippines offer flexible options related to education loans. Certain private banks offer very low interest rates and give various allied benefits to the borrowers, by opening a savings account for them or providing them with debit cards. Some banks also provide customized education loans, created for specific requirements. They grant secured as well as unsecured loans. Secured loans can be repaid in seven years by holding residential properties or shares as security. The unsecured loans can be repaid in four years. Various banks offer exclusive schemes on educational loans to their customers, of six months or more.

The education loans in Philippines are mostly granted to the parents of the students, unless or until the students are eligible, above 18 years of age. Most nationalized and private banks providing education loans, take the authorization of the college or university into consideration. They do not grant loans to students who are not from approved educational institutions.

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]]> http://loansbuzz.com/education-loans-in-philippines/feed/ 0 How to Get a Loan Through Mobile Phone http://loansbuzz.com/how-to-get-a-loan-through-mobile-phone/ http://loansbuzz.com/how-to-get-a-loan-through-mobile-phone/#comments Fri, 20 Aug 2010 20:20:57 +0000 Ravi http://loansbuzz.com/?p=2663 Can you get a loan through your mobile phone? Yes, it is possible now with the help of text loans. An individual is required to send the text to resolve the immediate financial crisis. This financial service has become quiet popular in United Kingdom. People are not interest to visit financial advisor personally or switch on the internet in order to apply for finance. Mobile phone is the only device which is carried by people 24 hours and nothing can beat the comfort of text. Lenders have introduced this facility to provide short-term funds especially to salaried people.

These loans allow people to borrow the amount up to £100 for a time period of 7 days. These funds are approved by lenders within few hours without checking any documents or paper work that is why they contain high interest rate. This money does not require any collateral or credit check. If you are UK citizen with regular source of income and got right to vote, then you can obtain the finance without any difficulty. Lenders also provide the same facility to bad credit borrowers as well, but only condition is regular source of income.

Borrowers can enroll themselves for text loans by filling a simple online application form from the website. In order to confirm the approval, applicants are required to provide a valid pin code which is verified by lenders when you send text for loan amount. This procedure contains zero paper work and after getting the approval, you can apply for the finance anytime with the help of cell phone. Once you get enrolled with one lender, you can get the money any number of times without any trouble.

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]]> http://loansbuzz.com/how-to-get-a-loan-through-mobile-phone/feed/ 0 Get Quick Cash With Quick Cash Loans http://loansbuzz.com/get-quick-cash-with-quick-cash-loans/ http://loansbuzz.com/get-quick-cash-with-quick-cash-loans/#comments Fri, 20 Aug 2010 04:02:08 +0000 Ravi http://loansbuzz.com/?p=2652 What do you do when you meet an unexpected obligation such as a car repair? It might be hard to find something to turn to when your bank account is empty and your next pay is a couple weeks from now. Your car has to be repaired right away and yet you do not have the funds for it.

Situations like these call for an urgent need for money. You cannot afford to wait a month or so but instead need the funds within the next couple of hours. A lot of people are familiar with this situation usually because they do not have a bank account big enough to take care of unexpected money needs. They are living from pay check to pay check.

One remedy you have at your disposal is a quick cash loan. This is the answer to any unexpected financial crisis that you urgently have to pay off. You can use this for other things like a medical bill or a credit card debt.

Quick cash loans work by taking care of those needs right away. There is no huge amount of paperwork to deal with. You do not need to undergo a credit check or send over documents. You will be able to find the money in your bank account the next day.

There is no need for you to pay application costs. Most of the transaction is done online. This means that you apply online and you also wait for the approval to be sent online. If the lenders are satisfied with your application, they will wire transfer the funds to your bank account.

This is really a quick fix that does not entail any hassle for you. You get the cash you need when you need it.

One thing that you need before you can apply for this kind of loan is a stable employment. Most lenders will only approve you if you had been employed by the same company for a minimum of five months. They want to make sure that the borrower has a steady source of income for the next couple of months. You also need a bank account that has been active for three months at least. And you need a proof of your identity. You do not have to supply them with your credit history and ratings because they base the approval on your employment status.

Expect to pay higher interest rates for these though. Some lenders opt to charge fees instead of rates nowadays.

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]]> http://loansbuzz.com/get-quick-cash-with-quick-cash-loans/feed/ 0 Three Significant Types of Personal Loans http://loansbuzz.com/three-significant-types-of-personal-loans/ http://loansbuzz.com/three-significant-types-of-personal-loans/#comments Fri, 20 Aug 2010 00:05:41 +0000 Ravi http://loansbuzz.com/?p=2649 There are many types of personal loans categorized on the basis of loan amount, loan tenure, and interest rate. The three significant types are secured loan, unsecured loan, and line of credit.

A secured loan is a loan in which the borrower has to offer or pledge some asset like a car, home, or land in the form of security to ensure timely payment of the loan. Banks and financial organizations easily issue this loan because they have collateral with them until the time the borrower pays back the entire loan amount with interest. If in case the individual fails to repay, the financer repossess the asset in order to pay off the loan amount. This is one big disadvantage of a secured personal loan. On the other hand, there is one key advantage and that is lower rate of interest which eventually results in lower monthly installments.

An unsecured loan is the one that does not require any kind of security or guarantee against the borrowed loan. Such a loan is given for small amounts and is issued only if the borrower has good credit. As there is no security with the financer, the rate of interest is comparatively higher than that in case of a secured loan.

Line of credit is another significant type of personal loan. It is a type in which a bank or vendor offers a pool of money that the borrower can use for a specified period of time. Depending on the need and requirement the borrower can draw upto the maximum limit during the specified time period after the amount of credit is determined. It can be secured as well as unsecured. The best part of this type is that the interest is paid only on the money actually withdrawn.

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]]> http://loansbuzz.com/three-significant-types-of-personal-loans/feed/ 0 Benefits & Advantages of Secured Loans http://loansbuzz.com/benefits-advantages-of-secured-loans/ http://loansbuzz.com/benefits-advantages-of-secured-loans/#comments Thu, 19 Aug 2010 14:58:31 +0000 Ravi http://loansbuzz.com/?p=2646 Secured loans are loans that are issued against collateral. The borrower pledges any asset like car, home, land, stocks, or bonds with the financer in lieu of the loan. The bank or the vendor will enjoy the ownership and holds all the right of the asset till the time loan amount is completely paid back. With this type even a huge amount can be granted to meet the needs of an emergency situation.

Many people prefer going for secured personal loan because of the enormous benefits it offers. Some of the significant advantages are as follows:

One key advantage of secured loans is that the monthly installment is comparatively lower than unsecured loan. This is because the borrower pledges an asset in lieu of which the lender issues the loan. Because of the security offered, the lender offers loan at lower interest rate that ultimately reduces the EMI (Easy Monthly Installments).

The borrower offers a property, land, jewellery, stocks, shares or bonds to the lender to get some finance. This security keeps the lender assured that the borrower will repay the loan within the specified period. If the receiver fails to repay, then the lender has full right to sell the collateral to pay off the loan. This advantage allows the lender to issue larger loans

There is an option to choose a longer period for repayment of loan as compared to the unsecured loan. The tenure can stretch upto 20 to 30 years in accordance to the convenience of the borrower.

To get this type of loan, the lender is least bother about the credit. Even if the borrower has bad credit, the financer will issue a loan against a security. Unlike unsecured loans there is no pressure of credit score when applying for a loan.

Another great advantage of secured loans is that they are considered a great source of debt consolidation. Many people apply for this type to pay of the present dues in all aspects of life. Taking this loan does not require any kind of specification for using the amount. The receiver is free to use the money at his or her own convenience and to fulfill any personal nee

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