Loan

Credit News

Commercial Loans, Commercial Mortgage, how to get a business loan.#How #to #get #a #business #loan


how to get a business loan

How to get a business loan

How to get a business loan

Commercial Loan Portal

to 750 Commercial Lenders

Commercial loans and commercial mortgage rates can be found inside this portal. This commercial mortgage portal allows you to apply to 750 commercial real estate lenders in just four minutes. You simply input your commercial loan request. The C-Loans System will then screen out all of the unsuitable commercial lenders and provide you with a list of 30 (or so) banks which are perfect for your particular commercial real estate loan request. You can then call these banks, life companies, conduits, REIT’s or hard money lenders directly or submit your commercial loan request electronically, six commercial lenders at a time. And C-Loans is free!

Ranked the most popular commercial mortgage portal by How to get a business loan

How to get a business loan

Commercial Loan Portal

to 750 Commercial Lenders

Commercial loans and commercial mortgage rates can be found inside this portal. This commercial mortgage portal allows you to apply to 750 commercial real estate lenders in just four minutes. You simply input your commercial loan request. The C-Loans System will then screen out all of the unsuitable commercial lenders and provide you with a list of 30 (or so) banks which are perfect for your particular commercial real estate loan request. You can then call these banks, life companies, conduits, REIT’s or hard money lenders directly or submit your commercial loan request electronically, six commercial lenders at a time. And C-Loans is free!

How to get a business loanC-Loans Thanks: Alicia Gandy of Blackburne Sons Realty Capital Corporation

For Closing a $650,000 First Mortgage on a Strip Center in Tulsa, Oklahoma (More Info and Mini-App)

How to get a business loan

Commercial Loan Portal

to 750 Commercial Lenders

Commercial loans and commercial mortgage rates can be found inside this portal. This commercial mortgage portal allows you to apply to 750 commercial real estate lenders in just four minutes. You simply input your commercial loan request. The C-Loans System will then screen out all of the unsuitable commercial lenders and provide you with a list of 30 (or so) banks which are perfect for your particular commercial real estate loan request. You can then call these banks, life companies, conduits, REIT’s or hard money lenders directly or submit your commercial loan request electronically, six commercial lenders at a time. And C-Loans is free!

How to get a business loanC-Loans Thanks: Vito Piche’ of

Red Star Commercial Funding

For closing a $250,000 First Mortgage

on a commercial building in Atlantic Beach, NY


Small-Business Loans – 3 ways to get a loan, how to get a small business loan.#How #to #get #a #small #business #loan


3 ways to get a small-business loan

The recovering economic environment has meant that small businesses have had to be more creative when looking for loans.

However, companies with sound business strategies still can borrow. Options include loans from traditional banks and institutions affiliated with the Small Business Administration, as well as financing from Internet-based lenders.

“For creditworthy, high-scoring small businesses, there is money available,” says George Cloutier, CEO of American Management Services, a consultant to small businesses.

Bank loans

The best place to get a small-business loan is still a bank, says Cloutier. Banks typically offer the lowest interest rates and many have established reputations as trustworthy lenders.

“Many small businesses try three or four banks and then stop looking,” Cloutier says. A more persistent approach has better odds of success.

Calculate business loan payment

Want to calculate your small-business loan payment? Go to Bankrate’s loan and amortization calculator.

“Take out the phone book, target 10 banks and work through that list,” he says.

That strategy worked for Michael McKean. He is founder of The Knowland Group, a company that helps hotels fill up their meeting space.

A few years ago, as the success of The Knowland Group grew, McKean began searching for a bank that would give the growing company expanded access to credit.

“We talked to every bank in our area, at least a dozen,” McKean says. “Many came back with proposals, but the terms were very onerous. Or sometimes they shifted terms.”

Finally, M T Bank came through.

“They just wanted to get our business,” McKean says.

McKean says his company did not approach M T any differently than it had approached the other banks. It was just a matter of being persistent until the right deal came along, he says.

“We did everything right, approaching the right person at each bank,” he says. “We’re a profitable business. I think it was just the … credit crunch that prevented us from getting a loan.”

Cloutier says the key to success with banks is to show past profitability, and to describe a well thought-out plan for future profits.

“If you aren’t making a profit now, you must be able to tell the bank how you will change that in the short term, or you really won’t be able to get a loan,” he says.

He also recommends that businesses start small in their loan requests.

“If you need money for four trucks, ask for two,” Cloutier says. “The bigger the loan request, the harder it is to get it approved.”

SBA loans

Another way to find a bank loan is through the Small Business Administration, or SBA. The SBA can direct you to banks that offer loans guaranteed by the agency. This way, you’ll have the advantage of approaching banks specifically interested in lending to small businesses.

Interested businesses should contact the SBA office nearest to them, which can be found on the agency’s website. Jeanne Hulit, the SBA’s acting administrator, urges businesses to seek a bank that is an experienced SBA lender.

Banks granting SBA loans place increased emphasis on business plans, cash flow and profit forecasts in deciding whether to lend, she says. The SBA also can refer businesses to free counseling centers to improve their performance.

Online opportunities

Another source for loans is the Internet. There are several sites where businesses can seek alternative lenders, such as individuals and small companies.

Interest rates are generally a little higher than what a bank will charge, but it’s much less than what you’ll have to pay on many credit cards.

Look around at different sites, some may charge a one-time fee to list your business, while others are free to list but might have fees reflected in loan rates.

If you’re going to list your company on one of these sites, describe your business in clear and concise language.

Lastly, make sure to investigate the company you are looking to post your business on. These kinds of companies were successful in 2008 and during the recession, but times have changed. Many have since gone out of business. Before paying for anything, make sure the company is legit.


Boat Loan Basics, getting a loan.#Getting #a #loan


Financing Your Boat

Boat Loan Sources – Find a Specialist

Getting a loan

Not too long ago, finding a lender that made boat loans was a difficult task. Today the more difficult task may be to decide which lender to use from the many choices. When lenders discovered that most boat buyers were excellent clients for loans, many added boat loans to their more traditional auto and real estate offerings. Some of these lenders decided to specialize in the boat loan business, devoting funding and staff for the purpose. Many of these lender specialists are members of the National Marine Lenders Association. In any active boating market, there will be several sources for boat loans.

Compare and Shop Financing

It’s a good idea to compare rates and terms offered by several loan sources to determine the financing best suited for the intended purchase. Lenders include:

  • Banks – Many local, regional, and national banks are members of National Marine Lenders Association and offer boat loans directly to their customers. Start with your own bank and call them or check their Website to see if they finance boat purchases. Inquire about rates and how long a loan term is available for the boat you are considering. Some banks advertise in boating magazines and publications. They seek your business and will have boat-savvy people available to address your needs.
  • Financial Service Companies – Financial service companies maintain relationships with local, regional, and national lenders, giving them broad access to finance programs. They are experts in the marine lending field, and many are members of the National Marine Lenders Association. You will see their advertisements in boating publications, so call for rates and terms and get an idea of anticipated application turn around and funding time.
  • Credit Unions – If you are a member of a credit union that makes boat loans, be sure to contact them. They usually have attractive rates for their members, and many are interested in making boat loans. If they have marine lending specialists on staff, they should be able to offer a competitive loan.

Boat Loans

Choices of Loans

Much like real estate loans, several types of loans are also available to those who finance their boat. Lenders are required to explain the complete details of any type of loan provided. Ask questions about the different types and choose the one that best suits your financial profile.

  • The most common, simplest, and generally considered most favorable, is a fixed-rate and fixed term simple interest loan. This type maintains the same monthly payment for the life of the loan. At the end of the loan, the borrower has paid off all interest and principal obligations. At that point, as in real estate, borrowers “burn the mortgage.”
  • Variable rate loans have interest rates that float based on different interest rate indexes, such as the “prime” rate, or LIBOR rate. They often offer low introductory rates. Rates can change daily, or at some preset point in the future, usually months or years. Borrowers should look at the adjustable period and other details to clearly understand how payments could change and anticipate how to manage them.
  • Balloon payment loans require borrowers to pay the entire balance at the end of a stated term. Some borrowers choose “balloons” since they know they will only own a boat for a certain period, say three years, and prepare to pay off the loan at that time.

The Role of Sellers: Boat Dealers & Brokers

If you’re buying a new or pre-owned boat from a dealer you will likely get a helping-hand with the loan process. Many dealers have a Finance Manager on staff who can handle the whole transaction, from assisting with the application, vessel titling and through to the loan closing.

Other dealers may not have a finance specialist on their staff, but they may employ an outside loan service company that handles all the same tasks, and it will arrange all of the details.

Some dealers may simply send you to a bank or financial service company they refer business to, to have them handle the transaction.

There may be advantages to financing your boat through dealers:

  • They usually have established relationships with several finance sources
  • They have access to extended warranty programs that can be included in your financing
  • They may have special finance programs on certain brands or models because of their relationship with boat manufacturers. These programs can be advantageous to you, such as a delayed first payment, no interest for several months, or lower rates for a limited time

Boat brokers are typically involved to connect a seller of a pre-owned boat with a buyer.

Many individuals employ a broker to help them find the perfect boat, negotiate the sale, and complete the purchase process. Since their goal is to complete the sale transaction, brokers will be aware of finance programs and available resources.

The Application Process

Some lenders will require a full written application, while others will take the application over the phone. This primarily depends upon the boat loan amount – the more you want to borrow, the more details need to be provided.

When income verification is required, depending on the size of the loan request, you will probably be asked to provide copies of tax returns for the past two years. You may also be asked to prepare a personal financial statement, which is simply a snapshot in time of your assets and liabilities and shows your net worth. The information requested is necessary to provide the best loan decision, so your cooperation is a plus.

Have all of the boat information available for the application, such as year, make, model, power, optional equipment and any upgrades. Identify the total cost, which will include:

  • the purchase price
  • any equipment upgrades or additional accessories you may be considering
  • any sales taxes that must be paid at the time of purchase
  • registration, title, or documentation expenses.

You will be signing your application, which will include your authorization to have the prospective lender or financial service company examine your credit. If you do the application over the phone you will be verbally authorizing the credit review.

The Loan Underwriting Process

The boat loan decision process is quite simple and straightforward. There are two major aspects that are examined; you and the boat.

Your credit history will be reviewed for continuity and satisfactory repayment of present and past credit obligations, looking for loan amounts comparable to your request.

Another important factor is debt to income ratio. The lender will look at present monthly obligations and add the monthly payment for the boat loan (they also may add presumed operating and maintenance costs of the boat) to determine your monthly debt. This is compared with current income as stated on the credit application or verified in the tax returns. Your net worth may be considered for stability and as a secondary source of repayment.

When it comes to “the boat,” the lender will verify that the selling price reflects a realistic market value of the vessel, your down payment meets their guidelines and is in line with your credit profile.

The lender will research the market value of your boat through various sources that include price guides, comparable boats on the market and discussions with dealers or yacht brokers about the boat. A marine survey by a professional marine surveyor is often required.

Loan closing and funding

As in real estate lending, this session deals with the paperwork and signatures. The dealer, lender or financial service company will guide you through the process smoothly and professionally. Twenty or thirty minutes of review are what it usually takes before you take delivery of the boat.

Third Party Escrow Services

Escrow is designed to protect both buyer and seller in financial transactions. Both parties are protected from potential risk or fraud by entrusting a third party to hold and pay out the monies involved in a sale or settlement. The most common form of escrow is in real estate transactions, but escrow is used for a broad range of products and markets, including boats.


Need an unsecured, personal loan in Nigeria? Start here, Money, need a loan.#Need #a #loan


Need an unsecured, personal loan in Nigeria? Start here.

January is notorious for being a financially difficult month (except for those in the business of education). The christmas festivities, the loooong wait until the end of the month for salary payments and for parents, the demand for school fees at the beginning of the month make January a difficult one financially for a lot of people. Luckily, for salaried and self-employed workers, there are financial organisations whose job it is to lend a helping hand in these difficult times with no request for collateral, and I have compiled a list of some these. While most of these organisations cater for Lagos-based workers, there are some who will accept workers from other parts of the country.

When borrowing money, there are a few rules to follow to avoid getting into unmanageable debt:

  • Budget. Base your borrowing on what you can comfortably afford to repay each month.
  • Borrow as little as possible.
  • Borrow for as short a term as possible. While it can be tempting for longer terms on loan repayments, it is important to note that ultimately, these cost more in the long term. Borrow N200,000 over a 3 month period and you ll have to repay ‎₦239,147 (‎₦79,715 monthly). The same amount over a 12 month period will cost ‎₦343,650 (‎₦28,637 monthly) 170% of the original loan amount, and a difference of ‎₦104,503!

It is always good idea to check with lenders that they allow early repayments, and also to confirm their terms for doing so. Some lenders might charge you more to repay the balance on your loan early, especially if you are close to the end of the loan term, therefore it is important to check from the onset.

Renmoney is a consumer finance organisation which operates from 89 Awolowo road, Ikoyi, Lagos. They offer cash loans to Lagos-based salaried workers in (proof required) for variable payment terms as little as 3 months.They operate a very simple website which allows you calculate your repayments against your desired loan amount and payment terms. They promise to pay within 24 hours of verifying documents, as long as the applicant is in a regular job and can provide proof of income.

Need a loan

Eligibility Requirements

  • Be between ages 22 – 55 years.
  • 1 Passport photograph
  • Utility bill
  • Live and/or work in any part of Lagos.
  • Have a secure job paying at least ₦50,000 monthly, into a bank account.
  • Must have a verifiable place/terms of employment.
  • Have a functional current account with a BVN number. You will be asked for a 6 month history of bank statements.
  • Have valid means of identification – International Passport, Driver’s License, National ID Card.

You will find a full list of requirements here.

How To Apply

  • There are three ways:
    • 1. Go to the Apply now section of the website
    • 2. Call their contact center lines 0700RENMONEY (0700 73666639)
    • 3. Visit the closest RenMoney branch to you

Office Address and Contact details

Head Office: 89, Awolowo Road, Ikoyi, Lagos, Nigeria.

Surlier: Adeniran Ogunsanya Street, Surulere.

Opebi: Pentagon Plaza, 23 Opebi road, Ikeja.

Lagos Island 50 52, Broad Street, Lagos in CSS Bookshop HouseApapa: No. 13, Park Lane, Apapa.

Direct Bridge is a consumer finance company operating in Nigeria and focusing on short-term consumer loans between ₦50,000 and ₦500,000 (depending on income) to low to middle class income earners. Loan terms are variable, between 3 and 9 months.

  • Must be in employment (paid or self-employed).
  • Must maintain a bank account not less than six months old.
  • Must have a verifiable monthly income
  • Must possess a valid means of identification
  • You must work and reside in Lagos
  • You must not have a history of returned cheques in your account

Salaried workers will need:

  • Valid means of identification (International Passport, Driver s Licenseor National ID)
  • 1 passport photograph
  • Bank statement endorsed by your bank (6 months preceding date of application)
  • A signed direct debit mandate.
  • Your pension statement.
  • Tax id

If you re self-employed,

  • Valid means of Identification (International Passport, Driver s License or National ID)
  • Certificate of Business Registration.
  • 1 passport photograph
  • Business Bank statement endorsed by your bank (6 months preceding date of application)
  • A signed Direct Debit mandate or Post Dated Cheques on business account
  • Tax details
  • A guarantor must be a banker. The guarantor will provide the following:
  • Last 3 months statement of account
  • Work ID
  • Passport photograph
  • A duly completed Guarantor Form
  • Post-dated cheques for the duration

You will need to fill out an application form, (downloadable here) and take to their office with the supporting documents from the list above. If approved, they promise to credit your account within 24 hours.

703C Thomas Adeboye Drive Off Somide Odujinrin Avenue

Phone: 07064300703, 01-3424798

Salary Advance NG is a product of the Addosser Microfinance bank, which provides funding solutions designed to bridge the funding gap for Lagos-based, full-time employees for personal needs. They are able to provide between ‎₦100,000 and ‎₦2,000,000 to customers for up to 12 months. Their easy-to-navigate website helps customers calculate loan repayment options against varying periods and amounts, to access affordability before even speaking to anyone on the phone. This provider requires a guarantor, who is required to be a work colleague with an income bracket above that of the applicant.

  • Live and be employed in Lagos State
  • Be a confirmed staff of a reputable company
  • Have a verified monthly income paid into a current account with a commercial Bank in Nigeria
  • Not have a history of returned cheques in your statement of account

Applicants will require the following documents:

  • Most recent bank statement showing last 6 months salary payments (must be stamped/endorsed by the bank)
  • Copy of your employment confirmation letter or recent promotion/salary increase letter
  • NUBAN-compliant postdated cheques from salary account
  • 1 x Recent Passport photograph
  • Photocopy of your staff ID card
  • Completed guarantor’s form
  • Guarantor’s Passport Photograph, post-dated cheque (not required for loans under N250,000) and Photocopy of staff ID card

You will need to print and fill out this form, attach the supporting documents take to the one of their offices.


Need an unsecured, personal loan in Nigeria? Start here, Money, need a loan.#Need #a #loan


Need an unsecured, personal loan in Nigeria? Start here.

January is notorious for being a financially difficult month (except for those in the business of education). The christmas festivities, the loooong wait until the end of the month for salary payments and for parents, the demand for school fees at the beginning of the month make January a difficult one financially for a lot of people. Luckily, for salaried and self-employed workers, there are financial organisations whose job it is to lend a helping hand in these difficult times with no request for collateral, and I have compiled a list of some these. While most of these organisations cater for Lagos-based workers, there are some who will accept workers from other parts of the country.

When borrowing money, there are a few rules to follow to avoid getting into unmanageable debt:

  • Budget. Base your borrowing on what you can comfortably afford to repay each month.
  • Borrow as little as possible.
  • Borrow for as short a term as possible. While it can be tempting for longer terms on loan repayments, it is important to note that ultimately, these cost more in the long term. Borrow N200,000 over a 3 month period and you ll have to repay ‎₦239,147 (‎₦79,715 monthly). The same amount over a 12 month period will cost ‎₦343,650 (‎₦28,637 monthly) 170% of the original loan amount, and a difference of ‎₦104,503!

It is always good idea to check with lenders that they allow early repayments, and also to confirm their terms for doing so. Some lenders might charge you more to repay the balance on your loan early, especially if you are close to the end of the loan term, therefore it is important to check from the onset.

Renmoney is a consumer finance organisation which operates from 89 Awolowo road, Ikoyi, Lagos. They offer cash loans to Lagos-based salaried workers in (proof required) for variable payment terms as little as 3 months.They operate a very simple website which allows you calculate your repayments against your desired loan amount and payment terms. They promise to pay within 24 hours of verifying documents, as long as the applicant is in a regular job and can provide proof of income.

Need a loan

Eligibility Requirements

  • Be between ages 22 – 55 years.
  • 1 Passport photograph
  • Utility bill
  • Live and/or work in any part of Lagos.
  • Have a secure job paying at least ₦50,000 monthly, into a bank account.
  • Must have a verifiable place/terms of employment.
  • Have a functional current account with a BVN number. You will be asked for a 6 month history of bank statements.
  • Have valid means of identification – International Passport, Driver’s License, National ID Card.

You will find a full list of requirements here.

How To Apply

  • There are three ways:
    • 1. Go to the Apply now section of the website
    • 2. Call their contact center lines 0700RENMONEY (0700 73666639)
    • 3. Visit the closest RenMoney branch to you

Office Address and Contact details

Head Office: 89, Awolowo Road, Ikoyi, Lagos, Nigeria.

Surlier: Adeniran Ogunsanya Street, Surulere.

Opebi: Pentagon Plaza, 23 Opebi road, Ikeja.

Lagos Island 50 52, Broad Street, Lagos in CSS Bookshop HouseApapa: No. 13, Park Lane, Apapa.

Direct Bridge is a consumer finance company operating in Nigeria and focusing on short-term consumer loans between ₦50,000 and ₦500,000 (depending on income) to low to middle class income earners. Loan terms are variable, between 3 and 9 months.

  • Must be in employment (paid or self-employed).
  • Must maintain a bank account not less than six months old.
  • Must have a verifiable monthly income
  • Must possess a valid means of identification
  • You must work and reside in Lagos
  • You must not have a history of returned cheques in your account

Salaried workers will need:

  • Valid means of identification (International Passport, Driver s Licenseor National ID)
  • 1 passport photograph
  • Bank statement endorsed by your bank (6 months preceding date of application)
  • A signed direct debit mandate.
  • Your pension statement.
  • Tax id

If you re self-employed,

  • Valid means of Identification (International Passport, Driver s License or National ID)
  • Certificate of Business Registration.
  • 1 passport photograph
  • Business Bank statement endorsed by your bank (6 months preceding date of application)
  • A signed Direct Debit mandate or Post Dated Cheques on business account
  • Tax details
  • A guarantor must be a banker. The guarantor will provide the following:
  • Last 3 months statement of account
  • Work ID
  • Passport photograph
  • A duly completed Guarantor Form
  • Post-dated cheques for the duration

You will need to fill out an application form, (downloadable here) and take to their office with the supporting documents from the list above. If approved, they promise to credit your account within 24 hours.

703C Thomas Adeboye Drive Off Somide Odujinrin Avenue

Phone: 07064300703, 01-3424798

Salary Advance NG is a product of the Addosser Microfinance bank, which provides funding solutions designed to bridge the funding gap for Lagos-based, full-time employees for personal needs. They are able to provide between ‎₦100,000 and ‎₦2,000,000 to customers for up to 12 months. Their easy-to-navigate website helps customers calculate loan repayment options against varying periods and amounts, to access affordability before even speaking to anyone on the phone. This provider requires a guarantor, who is required to be a work colleague with an income bracket above that of the applicant.

  • Live and be employed in Lagos State
  • Be a confirmed staff of a reputable company
  • Have a verified monthly income paid into a current account with a commercial Bank in Nigeria
  • Not have a history of returned cheques in your statement of account

Applicants will require the following documents:

  • Most recent bank statement showing last 6 months salary payments (must be stamped/endorsed by the bank)
  • Copy of your employment confirmation letter or recent promotion/salary increase letter
  • NUBAN-compliant postdated cheques from salary account
  • 1 x Recent Passport photograph
  • Photocopy of your staff ID card
  • Completed guarantor’s form
  • Guarantor’s Passport Photograph, post-dated cheque (not required for loans under N250,000) and Photocopy of staff ID card

You will need to print and fill out this form, attach the supporting documents take to the one of their offices.


Need Cash Now- Urgent Payday Loans- I Need A Loan Today, need a loan.#Need #a #loan


Welcome to Need Cash Now

Are you finding it difficult to take care of an unexpected expense because of a shortfall in cash? Need some cash help to overcome the financial crisis? If yes, you have reached the right place! We at Need Cash Now will help you find a multitude of short term loan offers that will provide you with the much needed cash help in a very short period of time. Apply with Need Cash Now and benefit from our free services right away!

Need a loan

To receive cash assistance of ВЈ100-ВЈ1500 for a short time span of 2-4 weeks, you can apply for need cash. However, if you wish to receive the loan amount in a day or may be in few hours, same day cash loans would be an appropriate option for you. Take care of any of your financial needs before your next payday by simply applying with us at Need Cash Now for payday advance today.

Need a loan

Individuals facing bad credit issues can also apply at our site for loan today! So even if you are having any credit issues, don’t hesitate to apply at Need Cash Now!

The application process for urgent loans is very simple! You only need to fill our online application form with some relevant details and submit it! We will take care of the rest! We will match your requirements with the available offers and display them on the site for you to choose from! There will be absolutely no fees charged to you. Apply at Need Cash Now and get a quick decision!

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Representative Example:

You Borrow —£100 You Pay —£124 Representative APR 1223.6% (Variable).

Consumer Credit Licence Number: 0642246. Mailing Address: Flat 12, Maplehurst , 45 Park Hill Road , Bromley, BR2 0XG.

PLEASE READ TERMS & CONDITIONS OF LENDERS OR BROKERS BEFORE PAYING ANY UPFRONT FEES

We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayment, please do not apply with us in the first place. It is not worth risking your credit rating for such a small amount.

Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions

The operator of this website is not a lender and does not make credit decisions. The information you provide will be used in securing you a payday loan with one of our carefully selected panel of leading Payday Loan Lenders in UK. The personal, financial and employment information that we collect is stored electronically during the duration of the application and is removed from our system upon acceptance from the lender.


How to Calculate Total Interest Paid on a Car Loan: 15 Steps, how to calculate interest on a loan.#How #to #calculate #interest #on #a #loan


How to Calculate Total Interest Paid on a Car Loan

There are several components that are used to compute interest on your car loan. You need to know the principal amount owed, the term of the loan, and the interest rate. Most car loans use an amortization schedule to calculate interest. The formula to compute amortization is complicated, even with a calculator. Car buyers can find amortization calculators on the web. If your car loan uses simple interest, you can use the calculator to determine your monthly payment amount.

Steps Edit

Part One of Three:

Defining Car Loan Terms Edit

How to calculate interest on a loan

How to calculate interest on a loan

How to calculate interest on a loan

Part Two of Three:

Computing Your Total Interest Using an Online Calculator Edit

How to calculate interest on a loan

How to calculate interest on a loan

How to calculate interest on a loan

How to calculate interest on a loan

Part Three of Three:

Computing Total Interest Using The Simple Interest Formula Edit

How to calculate interest on a loan

How to calculate interest on a loan

How to calculate interest on a loan

How to calculate interest on a loan

How to calculate interest on a loan

How to calculate interest on a loan

How to calculate interest on a loan

How to calculate interest on a loan


FHA Loan and Financing Information from, what is a fha loan.#What #is #a #fha #loan


FHA Loans Explained and Delivered

Federal Housing Administration (FHA) Loans have returned to the lending market as a smart option for home financing for first time home buyers and those with less than perfect credit. At FHA Mortgage Center.com, we provide expert resources to consumers through a wealth of information on FHA home financing.

FHA Loans by State

More Information on FHA Mortgages

Choose an FHA Loan and Save Money. Choosing FHA Financing for your home loan can be a wise decision depending on your specific situation. The costs associated with the FHA Loan Program differ from other types of home financing. Benefits may include the following:

  • Smaller down payments
  • Attractive interest rates
  • Allowance of gift funds
  • 6% seller contributions
  • Lower closing costs

All of these benefits mean less money is required from you at the closing table!

By definition, FHA financing is a government-insured loan program that delegates loan approval to approved lenders.

Changes in the Housing Market Make FHA the Right Choice

What is a fha loan

After the fallout of the subprime and Alt-A loan markets in 2007, FHA Loans have received a new shot of energy throughout the housing market. Lenders, realtors, politicians, and investors have all issued statements championing the return of the FHA Home Loan Program to its rightful place in helping Americans purchase homes.

Borrowers like you, who once would have been better off in a conventional mortgage, may now find a FHA Home Loan to be the cheapest and safest option for securing a home.

FHA Resources

No matter what program you decide to use for your home loan, the basic terminology is something all home buyers need to be familiar with. You can use our new FHA Loan Term Glossary to learn and become comfortable with the financial terminology you will encounter with any home loan.

NOT a Government Agency

FHA Mortgage Center.com is not affiliated with any government agencies, including the FHA (Federal Housing Administration) or the HUD (Department of Housing and Urban Development).

FHA Mortgage Center.com Blog

Latest Articles

What is a fha loan


Bad Credit Loans, Same Day – Completely Online, how to get a loan with bad credit.#How #to #get #a #loan #with #bad #credit


Bad Credit Loans

Get Cash NOW!

Bad Credit Loans! Fast Secure!

Bad credit loans same day processing

3 Easy Steps to Get the Loan

Easy Online Form

Click Get Started Now! button and fill in the secure online form. Easy and Fast, No hassle! No paperwork, No faxing can t be guaranteed!

60 Seconds Decision

You may get approved for your loan fast! Instant processing is our priority and our proud! Minimum requirements for being approved for a loan!

Get Funds!

If approved, funds may be deposited by the lender the same day or the next business day! Quick, Easy and Confidential!

Testimonials

12 Months Loans demonstrate warm friendly excellent customer service. They treat their customers as close friends and definitely diminish any anxiety about having to get a Bad credit loan . Recommend them highly to anyone in need of a short term loan. Thanks!

How to get a loan with bad credit

I love your website 12 Months Loans ! Your fees are very low and reasonable and it s very easy to repay the loan! You are so transparent. I love it! I got my loan direct from the lender in 1 hour! Many many thanks!

How to get a loan with bad credit

I was really surprised with the easy application process and the fast financial aid I’ve got. Being extremely pressed on time in my emergency, I appreciated greatly getting the funds same day, even I m with bad credit. Many thanks to 12 Months Loans

How to get a loan with bad credit

PAYDAY LOANS BAD CREDIT NO CHECKS!

Our life is unpredictable and it can change suddenly due to an incident that comes without warning. As a result, we may need extra cash to meet sudden demands. These unexpected events cause a lot of stress and pressure, as they should be handled very quickly. Quite often, we can solve our financial problems normally with the money saved in our checking or savings bank accounts. But in some cases it is impossible to find the money on time. Here the fast payday loans come into play!

Fast cash in seconds

Usually these easy loans are offered for emergency needs, so it is very easy to acquire these finances because you may be approved in fifteen minutes. Yes, it is true. With payday loans same day payout, you may get your funds within a few hours. After submitting your online application, you will get the funds direct to your bank account and solve the emergency problem.

Easy borrowing

The application process involves providing confidential information (such as your name, address, employment history, contact number, etc.). Besides being 18 years old you must have a decent monthly salary so that your direct lender can count on you for the timely disbursement of funds. Of course, to receive funds from the loan company, you must have a checking or saving bank account that is used to accept funds. Later the same account will be used to withdraw the loan amount. Thus, a verified bank account is a necessity if you want to get the payday loans without vising the direct lender personally.

Applying for payday loans you can get $100, $300, $500 or even $1,000 dollars. But, if we look at traditional loans, they are too complex to deal with. For example, it requires a lot of time to complete applications for these loans. You must wait for weeks to get approved and provide more than just basic information. Thus, payday loans low fees are more beneficial in every way.

Direct loans lenders that help!

The interest rate is something that can be compared as you try to find a better direct loan lender. Many online lenders offer lower than average rates of facing a competitive market. The good thing about finding a reliable direct lender is that once you found one, getting quick cash for a financial emergency will be even easier and faster. So take the time to find the best payday lender. Actually, it may be useful to make a list when you have free time and before you are in the middle of financial crisis. Just to be safe! Take the time to find several loan companies. There are plenty of offers like guaranteed approval payday loans or no credit check loans! You should be very careful selecting them. The truth is that no-one can guarantee your approval and credit check will be performed by the lender even if the emergency occurs.

If you can not repay your loan on time, you should be prepared to pay extra interest. There may be some type of service fees for extending or rolling over a loan, but it always depends on the lender and you need to discuss this aspect in advance. Your interest charge definitely should not change. From term to term, your short term loan should continue to be treated the same, unless you are told in advance. Extra fees are an easy way to an unethical lender to prey on a borrower’s inability to repay the loan as scheduled.

Do not overpay for payday loans

The best payday loans offered to anyone needing quick cash would come from a lender that does not charge excessive fees. With a little time spent digging into the payday lending market, you will be able to find one that takes the extra cost down. These lenders understand that customers are going through a difficult time and they act accordingly. Do your homework to avoid spending money you do not have to spare and avoid those who try to take advantage of your situation.

The most common fee for payday loans is interest or service charges. Because these loans have an average of two weeks in duration, there is no time intended to earn interest. And lenders will charge a fee for the loan to earn profit. The use of third-party funding is not free so do not be alarmed to see the extra cost, it is normal. A good lender would not charge other fees if the money is paid on the agreed due date. There are companies that try to hide application fees in the processing your request. They may charge an average of $ 20-30 from the bank account of each candidate with or without approval status. It can be avoided by looking for a “free application” message on their website or calling and asking questions about fees for applications. Sending a loan application must be free and response must be guaranteed, so if it is not, you should choose another loan provider without hesitation.


Online Payday Loans, Get Cash Now, i need a loan now.#I #need #a #loan #now


Customer Login

At Cash Now online payday loans are available to customers at the click of a mouse. Whether there is an emergency situation or you just need some extra cash now and cannot wait until your next payday, an online payday loan can be a good solution for you. Signing up and requesting to be connected with an online payday lender is fast, easy and painless. Getting approved typically happens in less than 10 minutes, allowing you to withdraw your cash from your checking account as soon as the next business day.

We can connect you with a lender even if your have bad credit so customers with bad credit are welcome to submit a loan request. Cash Now is the premier provider of online payday loans to US residents.

Real Cash Now Customers

I need a loan nowEarlier this year I faced some financial trouble and needed some cash. There was no way I could wait until my next payday check and Cash Now was there for my online payday loan. Thank You Cash Now!!

Sandra W North Carolina

I need a loan nowAfter visiting several online payday loan websites, I finally found Cash Now. The payday loan request was so simple and easy! I received $500 in my checking account the exact same day.

George A Maryland

APR – Representative Range Explanation

The annual percentage rate (APR) is the annualized interest rate that you are charged on a cash loan. Cash Now does not function as a lender and does not provide cash loans to consumers, but it does refer people to skilled lenders who may provide such loans. Cash Now never charges any fees for this service. Since it is not a lender, Cash Now cannot supply you with the specific APR that your lender will attach to your loan. Understand that APRs can vary based on the information that you supply in your cash loan request, as well as the information that your lender supplies to you.

Your lender will give information on the APR, finance charges and other applicable loan terms to you at the point when you get redirected to your loan agreement during the loan request process. If you require assistance with Cash Now–related services of any sort, you may contact us at [email protected]

A cash loan’s APR can range from 240 percent to 2,340 percent, with the specific figure depending on how the rate is calculated and additional variables such as the duration of the loan, any fees that are incurred (late fees, nonpayment, etc.), and loan renewal specifics. Be aware of the fact that the APR range is different from your finance charge. Your lender will disclose the finance charge later on in the loan request process.

I need a loan now

YOU CAN BORROW $500 FOR 14 DAYS WITH A $40-$80 LENDER CHARGE. YOUR ESTIMATED APR WILL BE BETWEEN 208 AND 417 PERCENT.*

*Calculation: (lender fee / loan amount) x (amount of days in a year / duration of the loan) x 100 Low End Calculation: ($40 / $500) * (365 days / 14 days) x 100 = 208.57 percent High End Calculation: ($80 / $500) * (365 days / 14 days) x 100 = 417.14 percent

Important Implications to Consider

Here at Cash Now, we only work with lenders who make it a standard practice to supply customers with complete, detailed information on loan terms and conditions prior to those customers’ accepting a specific loan offer. It is advisable for you to always closely and carefully examine the terms of any loan offer that you receive. If you would like to see further details regarding the aforementioned considerations, see our Rates Fees section on this website.

Financial implications (Interest and finance charges)

Should you receive approval for a cash loan, your lender will let you know about the specific interest rate and fees that are attached to the loan before you proceed with formally accepting their offer. As previously noted, Cash Now is not a lender, and because of this, it cannot predict the interest and fees that will be part of your loan offer. Please keep in mind that under no circumstances whatsoever are you ever obligated to accept any offer that you may receive.

Implications of non-payment

When you accept a particular loan offer’s terms and conditions, you are formally agreeing to pay back the loan principal amount and finance charges in the period of time specified in your loan documents. Additional charges may apply if you are not able to pay back your loan completely or if you make a payment that is late. Cash Now is unable to predict the fees or charges that you will incur due to partial payment, nonpayment or late payment. Furthermore, Cash Now has no control at all over knowledge of the loan details between your lender and you.

Be sure to refer to the late payment, partial payment and nonpayment policies you will find detailed in the loan documents that come from your lender. Cash Now’s strict policy is to only partner with trustworthy and reputable lenders who pursue collections of delinquent accounts in a completely fair and reasonable manner.

Potential impact to credit score

Here at Cash Now, it is our policy to never get involved with making credit decisions or perform credit inquiries on potential borrowers. Some of our associated lenders, however, may choose to perform a nontraditional credit inquiry so they can determine if you are eligible for loan assistance. Typically, these lenders will not perform a credit check with any of the large U.S. credit reporting agencies (Equifax, Experian and TransUnion).

Be aware that in the end, there is a chance that your credit score could be impacted by the actions of a particular lender. Should you fail to repay your loan on or before the specified due date, the lender may decide to report the delinquency to one or more of the aforementioned credit reporting agencies, possibly leading to your credit score being adversely affected. We encourage consumers with credit problems to contact a skilled credit counselor.

Collection Practices

Once again, Cash Now is not a lender, nor does it engage in debt collection activities. You will find in your lender’s loan documents information regarding their debt collection practices. Should you find that you are unsure of the collection practices that a particular lender uses, we advise you to discuss the matter with that lender. Cash Now only works with reputable lenders who are committed to pursuing collections of delinquent accounts in a fair, reasonable way.

LOAN RENEWAL POLICIES

Before you accept a loan offer, the lender will offer you loan renewal options. Make sure you carefully examine their renewal policy prior to signing any loan documents. Please be aware that, to a great extent, state regulations govern renewal policies.

The intention is for cash loans to be used only as a short-term financial instrument. At Cash Now, we strongly advise all borrowers to pay back their loan in full and on or before the due date in order to avoid nonpayment and/or late fees. If you are of the belief that you may have trouble paying off a cash loan after borrowing it, we recommend that you explore different loan alternatives before you apply for a loan via this website.

Consumer Notice: Personal loans are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. You will not be charged any fees to use CashNow.com’s services.

Legal Disclaimer: THE OWNERS AND OPERATORS OF THIS WEBSITE ARE NOT LENDERS, they do not broker loans and they do not make any short term cash loans or make any credit decisions. CashNow.com simply helps borrowers find lenders for personal loans. CashNow.com’s Terms of Use and the CashNow.com Privacy Policy apply to the use of this website and its services. This website does not constitute an offer or solicitation to lend. The operator of this Web Site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. We provide a service only and are not acting as a representative, agent, or correspondent for any service provider or lender. Our aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. Our company does not endorse any particular service provider, lender, nor loan product. Please note that some lenders may perform credit checks as part of their credit transaction approval process. You are under no obligation to use our website or service to initiate contact, nor apply for credit or any loan product with any service provider or lender.

Availability: Residents of some states may not be eligible for a short term cash loan based upon lender requirements. Our company does not guarantee that completing an inquiry form will result in you being connected with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.