Month: July 2016

Facts About The Logbook Loan:

Logbook loans are always preferred when there is an urgent need of money, as these loans are much easier to get regardless of other types of loans that have a very lengthy procedure and they also consider credit score for the loan. If you need logbook loan and you have your own car in the United Kingdom, then Logbook Calculator is helping you with your financial problems.

Before applying for anything, you must know every rule and regulation along with other major things. Despite the easiness that logbook Calculator has made for its customers, you must also know these things that will help you on your way further. You must know every single detail about the step that you are going to make. So have a look at all these facts related to the logbook loan.

  • What Is The Logbook Loan?

A Logbook loan in Hull is the type of loan that is given against the car that you owe. But you must be the registered owner of the car in the United Kingdom and your car must not be under sale or any such other process. You will be able to get the money against your car, but don’t worry, this is just to secure the process. Meanwhile, you will be able to use your car as you are using it now. We wouldn’t take it from you unless you pay all of your repayments on time.

  • How Much You Can Get With The Logbook Loan?

As these types of loans are given against your car, but this doesn’t necessarily mean that you don’t get more money if you have a small car. The money we provide is independent of the car that you owe. So, you can get money as much as you want. And the repayments for your money can be from months to a few years. It is totally dependent upon you that how much time you will take to pay back the money as we don’t force our clients to pay early.

  • What If You Need Urgently?

If you have any emergency that can be because of some medical problems or you have some overdue utility or other bills, then you have come to the right place. Logbook Calculator always welcomes those people who are in urgent need of money and they find no other source. These loans are provided to the clients within a small time. Once your application is approved for the loan, we will deliver your money after a few hours. So, it is one of the best options to consider when you are in urgent need of money.

  • What About Interest Rate?

Logbook Calculator is always headed towards helping people as much as it can. Therefore, our lenders are keener to help people with the loans rather than putting more burden on them with increased interest rates. So, our lenders offer the lowest interest rates than any other in the market. Therefore, we are most famous and the best among our customers.

What is APR and how does it matter for personal loans?

Personal loan is a good option for individuals who want to overcome a temporary financial difficulty, but it can really be a pain if you are unaware of the basic concepts about it. That is why it is very important for us to understand the basic concepts and terminologies related to this facility before opting for it. While talking about the personal loans, you must have heard that the APR should not be too high if you want to choose a good loan option. It means that it is very important to understand what APR is all about.

The term APR stands for “Annual Percentage Rate” which is a central feature of an affordable personal loan service. If the APR of a personal loan is low, the amount payable for loan installment, as well as the total payable against an availed loan will also be low. Thus an affordable loan opportunity should have not be offered with an APR higher than 10%, otherwise one will have to pay a very high amount on annual basis. Myloan.sg is one of the best loan service providers and offers the lowest APR without any compromise on the quality of the services. The company has partnered a number of lender firms, who follow a uniform rate that is committed by the company. All the companies in the list of this website provide Standard APR which is as low as 7.20 % which is considered a nominal rate when compared with the advantages achieved from this loan.

Loan at an annual rate of 7.2% will result into a very small amount added into the actual amount availed as loan. For example by taking $10000 to be paid off in 1 year, total amount will be $10720 as a total repayment sum. That means only $720 will be charged for such a valuable service to take someone out of an emergency situation. The best thing is that all the lenders listed at the website are bound on the same rate and clients have no tension of checking APR of all of them. As compared to Myloan, several others are charging a higher APR to provide loan to the clients in Singapore. Clients can avail any amount on any No. of years from 1 to 7.

Taking personal loan is an important decision for any individual; therefore it is important for all to make all careful considerations before taking this step. This is because if you make a good choice of your lender there will be no trouble in future. The results of a personal loan truly depend on the choice of lender you make. A wrong decision can even become a pain and a greater liability for you. Since Myloan is an answer to these concerns you can simply submit your request without any worries. This is the platform which takes the entire pain for you and is the most trustworthy option for personal loans in Singapore, which is why it is highly recommendable.