Credit News

Logbook Loans Fast – Flexible In The UK – Varooma™ 2015 #new #business #loans

#logbook loans

Fair, Fast, Flexible Logbook Loans

Borrow up to 70% of the trade value of your car with one of the UK’s cheapest, best customer rated logbook lenders .

  • CCJ’s & Defaults OK
  • No early settlement fees; pay early pay less
  • No hidden charges; all costs clearly explained
  • Prompt credit decision; money within hours
  • We PROMISE that we will aim to beat any written quote from any other logbook lender


Amount of Loan £1000.00. Repayable by 12 monthly repayments of £141.67 commencing 1 month from the date of the loan. Total Amount Repayable £1700.04. Rate of Interest 70% per annum flat fixed. Representative 190.3% APR.

Over a half of our customers set up a loan based on this example and this APR. Warning: Late repayments can cause you serious money problems. For help or advice please go to Please take time to read and understand our FAQ’s to ensure our logbook loan product is suitable for your requirements.

In the event there is no willingness to repay your loan, the vehicle you are using as security could be at risk of being repossessed and sold to assist in settling the debt.

Home Loan Rates in 2015: Heres Your Guide. #boat #loan #calculator

#housing loan interest rates

Home Loan Rates in 2015: Here’s Your Guide

As soon as one starts looking out at properties to buy a house, banks start offering home loans. This can be overwhelming at times. Making a choice then largely depends on comparing what competitor banks have to offer. Here is a list, which compares home loan rates by different banks.

For a loan amount up to Rs 30 lakh and the tenure being 15-20 years, the following is on offering.

  • SBI ( State Bank of India)
  • ICICI Bank
  • HDFC Bank
  • HSBC Bank
  • Axis Bank
  • PNB Housing Finance
  • DHFL
  • India Bulls ( Up to Rs 25 lakh)
  • Citi Bank
  • Tata Capital Housing Finance Ltd

EMI per lakh works out to be Rs 975.

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SBI charges a processing fee of 0.25 per cent of the loan amount up to Rs 25 lakh or minimum Rs 1000. For a loan amount above Rs 25 lakh the processing fee is Rs 3,250. Citibank charges 0.25 per cent of the loan amount. ICICI, HDFC and PNB charge 0.5 per cent of the loan amount as processing fees. However, HDFC has capped the maximum amount to Rs. 10,000. Whereas, Axis Bank and HSBC charge a minimum processing fee of Rs 10,000 or 1 per cent of the total loan amount. DHFL charges Rs 5000 plus document charges and taxes and India Bulls charges Rs 7,500 plus taxes.

2. Floating interest rate of 10.20 per cent

This rate is being offered by the following banks:

  • Federal Bank
  • Bank of India
  • UCO Bank
  • Canara Bank

The EMI per lakh works out to be Rs 978.

Federal Bank and UCO Bank both charge 0.5 per cent of the loan amount. The minimum amount charged is Rs 3000 and Rs 1500 whereas maximum is Rs 7500 and Rs 15,000 respectively by both the banks. Bank of India has decided to waive off processing fees on new loans sanctioned up to March 2015.

3. Floating interest rate of 10.25 per cent

This rate is being offered by the following lenders:

  • IDBI
  • Punjab National Bank
  • Allahabad Bank
  • Central Bank of India
  • Corporation Bank
  • Union Bank of India
  • United Bank of India
  • Bank of Baroda
  • Oriental Bank of Commerce
  • Kotak Bank
  • Dena Bank
  • First Blue Home Finance
  • Syndicate Bank
  • Indian Overseas Bank
  • State Bank of Travancore
  • Indian Bank

The EMI per lakh works out to be Rs 982.

IDBI, Punjab National Bank and Oriental Bank of Commerce have NIL processing fees. State Bank of Travancore does not charge any processing fee up to a loan amount of Rs 25,000 and United Bank of India has waived off processing fee for a loan amount up to Rs 75 lakh. Processing fee ranges from 0.25 per cent to 0.5 per cent of the loan amount. Allahabad Bank charges 0.6 per cent of the loan amount with a cap of Rs 12,000 while India Overseas Bank charges 0.58 per cent of the loan amount with a cap of Rs 10,190.

4. Floating interest rate of 10.26-10.30 per cent

Standard Chartered Bank offers 10.26 per cent on home loans with a processing fee of Rs 5500 plus service tax. The EMI works out to be Rs 982.

Vijaya Bank charges 10.30 per cent and the EMI works out to be Rs 985. The processing fee is 0.25 per cent of the loan amount with a cap of Rs 10,000.

5. Floating interest rate of 10.50 per cent and above

  • Deutsche Bank offers an interest rate of 10.5 per cent and a flat processing fee of Rs 12,000 plus taxes. EMI per lakh works out to be Rs 998.
  • Bank of Maharashtra offers 10.55 per cent (up to 25 lakh) and 10.75 per cent above that. Accordingly the EMI works out to be Rs 1001 and Rs 1015 respectively. Processing fee is 0.25 per cent of the loan amount subject to maximum of Rs 25,000.
  • ING Vysya offers 10.75 per cent, the EMI for which works out to Rs 1015. Processing fee is 0.5 per cent of the loan amount.
  • Development Credit Bank and Dhanalakshmi Bank offer 11.50 per cent and charge a processing fee of 1 per cent. EMI per lakh works out to be Rs 1066.

6. Fixed rates on offer

  • LIC Housing Finance offers 10.10 per cent (fixed for 2 years)
  • HDFC Ltd offers 10.15-10.65 per cent (fixed for 2-3 years) and 10.25- 10.75 per cent (fixed for 10 years).
  • Axis Bank offers 10.40 per cent (fixed for 20 years)

Look out for festive offers when processing fee is waived off and always negotiate for better rates. Request your bank official to share complete details so that there are no surprises in the form of hidden charges, pre-payment charges etc. Also, find out about special rates applicable for self-employed individuals and women.

Hope this compilation helps you in analysing what suits you best.

Data source:

Disclaimer: All information in this article has been provided by and NDTV Profit is not responsible for the accuracy and completeness of the same.

Story first published: Feb 14, 2015 13:46 IST

Historical Mortgage Rates by Month – 1986 to 2015 #bad #credit #business #loans

#home loan interest rate

HSH’s National Monthly Mortgage Statistics: 1986 to 2015

5/1 ARM

As the nation’s largest publisher of mortgage information, HSH Associates surveys mortgage lenders coast to coast every week. The statistics shown here include both conforming and jumbo mortgages to give a true picture of the overall mortgage market. HSH markets jumbo-only and conforming-only statistics — find out how to order.

Averages shown reflect the interest rate. Points and fees are not included in this series; they are available in different statistical series. Weekly companion averages for this series can be seen in our Statistical Release. HSH can supply detailed statistical series with rates, points, effective rates, averages of other fields, calculated APRs, and more. Our mortgage rate histories go back over 20 years — the most complete and comprehensive archive available.

HSH.COM is the nation’s largest publisher of mortgage information. HSH provides reports for our clients, including lenders, consumers, the media, relocation companies, employee placement firms, and others from its weekly survey of retail lenders coast to coast.

These statistics are copyright 2015 by HSH Associates, Financial Publishers. They may be copied and distributed provided you credit us as Source: HSH.COM

About HSH Data

Unlike other sources, these statistics derive from our objective, editorial survey of between 2,000 and 3,000 lenders in all 50 states and elsewhere. We’ve been doing this for 30 years–we know what we’re doing, and we just keep doing it, every week. Would you like to know more? HSH’s statistics have long been used by top Wall Street firms; by lenders coast to coast; by the media; by government agencies; by Freddie Mac and Fannie Mae; and many others.

You may display the HSH rates data on your websites, provided that you (a) display the data as-is and without any modifications, (b) attribute the data to as the source, and (c) include a live link to We reserve the right to require you to remove the data and link at any time in the event that we determine that your use damages or may damage our reputation.

Best Mortgage Companies for 2015 #debit #card #loans

#best home loan

Compare Reviews of Mortgage Companies

Whether you re a first time homebuyer, a landlord seeking rental properties or a real estate investor, you will probably need the help of a mortgage company to complete your property purchase. Mortgage companies help people secure funding in the form of secured loans against residential or commercial property. Mortgage companies also help property owners refinance existing loans if they are having financial difficulties or might benefit from new terms.

Top 10 of the Best Matched Mortgage Companies

What features matter most?

Positive reputation

Financing options

There are more financing options than ever in the digital age. If a mortgage lender only has a limited number of options only fixed-rate mortgages, for example you might miss out on opportunities that could save you money in the long run.

  • Online financing options. If you’re comfortable using a computer for financial applications, you can comparison shop and apply for mortgages via some lenders’ websites. Just make sure your personal information is encrypted and that mortgage applications are legitimate.
  • Adjustable vs. fixed rate mortgages. The type of mortgage you pursue depends on market conditions. If interest rates are likely to rise, you may be better off with a fixed-rate mortgage, but if they are expected to fall, an adjustable mortgage could save you money.
  • Potential obstacles. The type of mortgage you may qualify for depends on your credit history and credit score. Find out what you are likely to qualify for before you start looking, then approach mortgage lenders who offer the options you’re interested in.
  • Personal referrals

    The mortgage company your sister used last year is often more trustworthy than the one you found via a Google search. The company you found on Google may be perfectly fine, but if you don t know anybody who used it, you can t verify its quality like you can when asking friends and family.

    • Ask for specifics. You may be looking for something different than what your family members or friends wanted. Find out what they liked about the companies they recommend.
    • Get a balanced picture. Ask your friends and family to share both the negatives and the positives in their experience so that they don’t give you an overly positive picture.
    • Check out referred companies on your own. Don’t commit to doing business based on a personal referral alone. Use it as a starting point to investigate companies and choose the one that is best for you.
  • Lowest possible interest rates

    Clear payment terms

    Escrow payment inclusion

    What are different types of mortgage companies?

    Mortgage bankers

    Mortgage brokers

    Who s it for?

    First-time home buyers

    People who are ready to own a home for the first time usually depend on mortgage companies for funding. These people might qualify for special rates or for tax credits because they are buying their first home.

    Rental property companies

  • Cash Advance 2015 – Reviewed and Ranked #small #business #loan

    #online payday loan lenders

    Cash Advances

    Best Cash Advances

    Cash advances provide a much-needed service to millions of people. There are many times when short-term debts outrun the ability to pay. In times like this, a cash advance (a loan against a future paycheck) can provide the cash necessary to meet those needs.

    The advantages of cash advances are many. Often they don’t require a credit check ; so the loan, and your repayment, never show up on your credit history. The best cash advances offer amounts that can range from a few hundred dollars to $1,500 (and sometimes more). And you receive your loan very quickly; usually within 24 hours .

    Drawbacks? Cash advances typically charge service fees that are greater than traditional loans. These service fees can range from $10 to $30 per $100 loaned, and sometimes even more. Many states have regulations stipulating the amount of service fees that can be charged. Obviously, the best cash advances are meant to address quick cash needs, and should not be used as a long-term solution.

    Still, in order to meet short-term obligations, cash advances can provide a fast and easy solution. When evaluating different cash advances, there are certain factors you want to consider. Some of these include:

      Loan Amount. How much money do you need? A variety of loan amounts are offered by different lenders. Service Fees. Look for companies that state their fees up front or guarantee lowest fees. Convenience. Can your application be processed entirely online, or will you need to fax in documents? How quick will the money be deposited to you? has reviewed and ranked the best cash advances available today. We hope these reviews help you meet your short-term financial needs!

    Disclosure. We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.

    2015 FHA – 203k Loan Limits Wisconsin Illinois Minnesota FL #cash #loans #for #bad #credit

    #fha loan limits

    2015 FHA and FHA 203k Loan Limits

    Effective for Case Numbers Assigned on or after January 1, 2015 through December 31, 2015

    FHA loan limits for all other areas, where 115 percent of the median home price for the area is between the “floor” and “ceiling,” the loan limit shall be set at 115 percent of the median home price as determined by HUD. The list of areas where the FHA loan limits are at the “ceiling” is provided in Attachment I. The list of high cost areas where the FHA loan limits are between the “ceiling” and “floor” is provided in Attachment II. For areas not listed in either Attachment I or II, the FHA loan limits are set at the national “floor.”

    Related Blog Posts

    A non-occupying co-borrower that has a solid credit history, low debt and enough income to meet their needs as well as help one of their relatives can step in and boost an overall mortgage application.

    For people willing to think outside the box, an FHA 203K loan can be a great alternative to a construction loan. People looking to become homeowners are often faced with the same old question: buy a new home, build a new home or buy an existing home? For most people, building a new home can be quite a challenge.

    Recent Posts

    Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.

    Loans are subject to credit approval. Programs are subject to change.

    Wisconsin Banker License #43262BA, Broker License #1016BR (also doing business as First Choice Mortgage)

    Minnesota License – Inlanta Mortgage, Inc. #MN-MO-20373610 “Not an offer to enter into an interest rate lock-in agreement under Minnesota law.”

    Illinois An Illinois Residential Mortgage Licensee #MB.0006190 Inlanta Mortgage is regulated by the State of Illinois Department of Financial and Professional Regulation, Division of Banking located at 100 W Randolph, 9th Floor, Chicago IL 60601. Phone #312-793-3000.

    Florida License # MLD55

    Copyright 2015 All rights reserved. Terms | Privacy | Licenses | Contact Us

    INLANTA is a trademark of Inlanta Mortgage, Inc. | NMLS ID #1016

    Best Credit Cards for Bad Credit, August 2015 #easy #loans #for #bad #credit

    #credit cards for bad credit

    The Best Credit Cards for Bad Credit, August 2015

    For consumers with a poor credit history, the options for new lines of credit are limited. Far too often, lenders take advantage of people with poor credit by charging high interest rates and fees. Rather than improve their credit, the added debt only makes things worse. The world can be a much uglier place when your credit score is below 650. Before signing up for a new credit card, someone with bad credit should determine the cause of the low score. If it s related to uncontrollable spending, this is the problem that should be solved before looking for new credit.

    Many people with bad credit are interested in improving their credit score, and responsible use of credit is the perfect way to do this. Some credit card issuers offer products designed specifically for people with bad credit. Even though the terms may not be as favorable as other mainstream cards, these can be good instruments for proving to the financial industry one can now handle a credit card without creating more problems. The best credit cards for poor credit generally lack rewards and perks, but the cards you ll find below do offer consumers a line of credit with reasonable interest rates and low fees. If you own a card designed for consumers with bad credit and you love it, let me know and I ll add it to the list.

    The cards on this list report your credit information to all three major credit bureaus, which will help improve your credit score if the behavior is positive.

    Cards for bad credit

    Please come back soon. We are in the process of updating this page.

    Best New Car Finance Deals: October 2015 #2500 #loan

    #best auto loans

    Best New Car Finance Deals: October 2015


    Best New Car Finance Deals: October 2015

    Financing a new car can become a bigger expense than anticipated for many people, especially if you haven’t shopped around and/or didn’t take interest rates into account when making your new car budget. We’re here to help.

    Automakers and dealers will often add incentives to their vehicles by attaching low financing rates sometimes all the way down to zero percent. We worked with our friends over at TrueCar to find finance deals that are especially good this month. If you’re in the market for one of these cars, don’t delay, as they’re soon set to expire.

    Disclaimer: The deal information is provided for illustrative purposes only, and is not an offer to lend. Results may vary depending on your individual circumstances, including credit approval. Deals are subject to change, and are limited to inventory on hand. See your dealer/manufacturer for details, including actual offers available in your region.

    2015 Chrysler 200

    The Chrysler 200 is reborn in 2015, all new from the ground up and offering a compelling blend of simple elegance, state-of-the-art technology and enhanced driving performance. A segment-first nine-speed automatic transmission and available all-wheel drive complete the transformation.The 200 sedan is offered in both front- and all-wheel drive configurations, with four trim levels: front-wheel drive LX, Limited, C and S trims, as well as all-wheel drive C and S trims only.

    2015 Ford Escape

    The Ford Escape is a mid-size sport-utility vehicle, which incorporates the latest technology and style; setting a high standard in the SUV category.The five-passenger Escape is available in S, SE, and Titanium trims, in either front or four-wheel drive. Engine choices start with the 168-hp 2.5-liter four-cylinder. Also, a 173-hp 1.6-liter EcoBoost four-cylinder engine is available. For even more power a 231-hp 2.0-liter EcoBoost four-cylinder engine is offered. All variations are paired with a six-speed select-shift automatic transmission. Impressive features offered on the Escape include a Panoramic Vista Roof, satellite radio, SYNC, MyFord Touch, a trailer towing package, heated leather seating, navigation system, auto park with cross traffic alert, Sony audio, MyKey, and an industry first hands-free power liftgate. Standard safety features include seven-airbags with drive knee airbag, passive anti-theft system, AdvanceTrac stability control with anti-rollover technology, four-wheel disc brakes, and tire pressure monitoring.

    2015 Mercedes-Benz E350

    Research the 2015 Mercedes-Benz E-Class


    2016 Scion iA

    Finance Deal: 2.9% financing for 24 months, Exp: 8/3/15

    The all-new 2016 Scion iA is a four-door subcompact sedan.

    At 172 inches long, 67 inches wide and 58.5 inches high, the Scion iA is about the same dimensions as the Chevrolet Sonic, Kia Rio, Ford Fiesta, and Nissan Versa.It uses the same wheelbase of 101 inches as the new Mazda CX-3.Scion iA also competes with the Mazda 2 and Toyota Yaris, which have new models coming before the middle of 2016.

    The new Scion iA is powered by a 1.5-liter engine making 106 horsepower and 103 pound-feet of torque.Despite the fact that Scion is a Toyota brand, the Scion iA does not use the same 1.5-liter engine as in the Toyota Yaris.The iA engine is made by Mazda, using direct injection with a high 12:1 compression ratio.It’s tuned for fuel mileage, with an EPA rating of 31/41 mpg City/Highway with the standard 6-speed manual transmission, or 33/42 mpg with the available 6-speed automatic.

    FHA PMI Rates 2015; Steve Thorne Mortgage Team #advance #loans

    #fha loan rate

    FHA PMI Rate Chart 2015

    FHA PMI Rates 2015 are lower than they have been for many years. This is a great move, and is possible only because the FHA PMI fund is now in positive territory, and they did not have to request additional funds from Congress. For the most part, if you are applying for a FHA Loan, your FHA PMI fees in 2015 are about .5% LESS on a monthly basis than they were in 2014!

    Note we refer to these fees as FHA PMI fees. In reality that s not what they are called by the Industry. They are normally referred to as FHA MIP fees. It s mortgage insurance. It covers the Bank in case you go into foreclosure no matter what you call it, it s the same thing.

    If you already have a FHA Loan, and you are considering a refinance you just got a bonus!

    Low Mortgage rates for a FHA Streamline No Appraisal refinance (that normally costs you ZERO) and lower monthly FHA PMI fees! Win-Win!

    Doesn t happen that often! You can also do a FHA Streamline Refinance if you no longer live in the property! Some banks don t offer this program, but we ve seen homeowners with FHA loans at 4.75% save more than $200 a month with no cost out-of-pocket!

    Obviously, mortgage interest rates changes daily (sometimes hourly) so if you are reading this in November of 2015 and rates have already gone up you should still be happy that you are getting a really good deal on the FHA PMI Rates 2015!

    USDA PMI Rates 2015 North Carolina, USDA Home Loans NC #fast #loan

    #usda home loan

    USDA PMI Rates 2015

    The USDA doesn t really make mortgage loans, they simply insure the bank against you possibly going into foreclosure.  The USDA Home Loan requirements are really a function of what loans USDA will insure.  All mortgages where there s not at least a 20% down payment have some sort of Default Insurance.  The type of insurance that keeps Banks solvent if you find yourself unable to make your mortgage payments.  This Mortgage Insurance is normally referred to as PMI so we call the USDA Home Loan version of Mortgage Insurance USDA PMI.

    USDA Home Loan NC Basic Requirements

    USDA Home Loan NC eligibility requirements really come down to a handful of items:

      • The home you buy must be within the USDA Home Loan Eligibility area . The USDA Eligibility Maps for North Carolina are expected to stay in place until the Summer of 2015.  After that time, there are communities that may no longer qualify for the USDA program in NC.
    • You must be under the USDA Home Loan Income Limit for the County you wish to purchase a home in.  The Income limits vary by household size, and there are exceptions that can be made to help you qualify so if you ve been told you re just over the limit call us.  So many loan officers don t really know how the exemptions work.
    • You need two credit scores over 640.  We might be able to get you approved if you have 2 scores over 620 it will just depend on all of the other factors that play into your qualification picture.  If you have assets left over after closing, or if you are not going to have payment shock.  If you have MULTIPLE layers of risk, the NEW USDA Loan approval model is looking for a credit score of 680!
    • Any Foreclosure, Deed In Lieu, or Short Sales need to be at least 36 months behind you.
    • Student Loans . even those in deferment will be counted against you.
    • The Maximum total debt ratio guideline is 42% .  We ve seen files REJECTED that had 660 credit scores and a 44% debt to income ratio.  Ratios and Credit scores need to be IN-LINE for USDA Home Loan approvals right now.
    • USDA Home Loans are for Owner Occupied Properties. not Commercial Farms, 30 year fixed rate mortgages.

    USDA Home Loans NC are one of the most desired mortgages available because they are cheap to get into they require no down payment.  They have very low closing costs, and USDA Loans allow the Seller to pay closing costs. Many times, folks in North Carolina can get into a home with a USDA Home Loan and less than $750.  If you have enough cash reserves to make a down payment and qualify for a conventional loan A USDA Home Loan might not be the right program for you .

    USDA PMI Rates 2015

    The USDA PMI Rates 2015 are also pretty cheap, when compared to FHA loans.  There s an upfront, initial premium charged of 2%.  This USDA PMI premium is generally added to the Loan amount.  So, if the home that you want to purchase is $250,000, we would multiply that by 2% (which equals $5000) and your loan amount would then be $255,000.  This will not change your monthly payments very much and if you don t want to go into your home with negative equity you can get a gift to cover the charge.  You could also use the NCHFA 3% Grant funds to cover the cost, assuming you qualify for the program.

    In addition to the upfront USDA PMI fees, there s an annual charge as well.  The Annual USDA PMI Rates 2015 are charged at a rate of .5%.  This means that on our example sales price of $250,000 with a loan amount of $255,000 we would multiply that by .5% to get an annual rate of $1275.  This amount is divided by 12 and would be added to your homeowners insurance, taxes, principal and interest and paid back $106.25 a month.

    USDA PMI does not age off the loan.  Meaning you will not get a portion of the upfront fee refunded if you move 14 months later.  If you live in the property for 17 years, and you ve built up tons of equity in the home, USDA PMI will still be charged each year.

    Here s the good part about that the annual USDA PMI Rate will be charged on the Balance at the beginning of that new year.  So each year, as you pay your mortgage balance down, the amount of USDA PMI charged will be charged on that lower balance, and will be less from year to year (I m hoping this makes sense if not call me and I ll run an amortization for you to see).

    USDA Home Loans are part of the Federal Budget process, and as such the maximum income limits and USDA PMI Rates are subject to change every October.  It s normally announced in September if there will be a USDA PMI Rate change.  This year it went from an annual rate of .4 to .5 so it s not a huge difference!

    USDA Home Loans NC First Time Home Buyers

    If you have not owned a home in the last 36 months you might qualify for the North Carolina Housing Finance Agency (NCHFA) First Time Home Buyer Program.  The program is designed for folks with good credit, they require at least a 640, and they also have income limits which vary per county.

    There are three parts to the NC First Time Home Buyer Program first, you might qualify for a mortgage tax credit.  The Tax Credit (called MCC ) can add up to an additional $2000 a year to your income, allowing you to qualify for a slightly bigger home.  The NCHFA Program also offers 3% in a Down Payment / Closing Cost Assistance Grant that is forgivable, and carries no interest.  These benefits can be used in combination with the USDA Home Loan Program in North Carolina.

    Additionally, the program offers below market Mortgage PMI rates for Conventional Loans, for those who qualify!

    If you want to learn more about No Money Down Home Loans in NC. please call Steve and Eleanor Thorne 919 649 5058, we know what works in North Carolina, and we help people here buy their dream homes every single month!  We offer Today’s Lowest Mortgage Rates !