Personal Loan - One Solution For Your Many Financial Woes


Visitors: 186

Personal loan can be availed for any purpose. People who want to use a loan amount for several purposes usually borrow a personal loan. You don’t have to mention the purpose for which you are taking the loan. This, in fact, is the biggest advantage of a personal loan.

You could borrow a personal loan to:

  • Go for a lot of shopping,
  • Meet your holiday expenses,
  • Pay your long medical bills,
  • Consolidate your past debts,
  • Pay for an expensive wedding in your family, and
  • Finance the education of your child

    A personal loan can either be secured or unsecured. A secured personal loan can be borrowed by you if you can manage to offer something as collateral. You could offer your house, car, bonds, jewellery etc as collateral. Such loans have consumer friendly features like low EMIs, longer repayment term, and lower interest rate. The disbursal of such loans is not so fast because of the evaluation of your collateral and the paper work. You also run the risk of losing your collateral in case of non-payment

    An unsecured personal loan is not secured against collateral and therefore it is the lender who is at risk rather than you. He will charge you higher interest rates and consequently your EMIs will be higher. The repayment period will be short. The loan will reach you at a quick pace as the paper work will be less.

    You can apply for a personal loan even if you have a bad credit history. Bad credit personal loan could even help you improve your past credit record.

    There is no end of the uses you can make of a personal loan. Apply for one now after comparing the rates offered by the lenders in UK. Spend some time on the Net to check who offers you the best rates.

    The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Shakespeare Finance as a finance specialist.
    For more information please visit:

  • (392)

    Article Source:

    Rate this Article: 
    Cardinal Principle of Homeowner Personal Loans - It is a Solution for Any Sort ..
    Rated 4 / 5
    based on 5 votes

    Related Articles:

    Help With Your Financial Woes Through Personal Secured Loan Companies

    by: John Mussi (October 05, 2006) 

    Bad Credit Loans Online - A Fast Solution to All Financial Woes

    by: Tom Darwin (June 20, 2008) 

    Unsecured Personal Loans - Easily Solve Your Financial Woes

    by: Tess Ocean (January 18, 2009) 
    (Finance/Unsecured Loans)

    Solving Your Financial Woes With The Cheapest Bad Credit Loan

    by: Paul Rogers (March 25, 2008) 

    Personal Loans: Solution to Your Financial Desires

    by: Jake Nathan (November 23, 2006) 

    Unsecured Personal Loans: Unique Solution for Your Various Financial Needs

    by: John Carry (November 07, 2006) 

    Unsecured Personal Funds - A True Financial Solution For Tenants

    by: Kirthy S (January 25, 2008) 

    Bad Credit Secured Personal Loans - Absolute Financial Solution

    by: Terry Hendrix (June 25, 2008) 
    (Finance/Personal Loans)

    Financial Solution With A Cheap Bad Credit Loan

    by: Jerry Warner (April 12, 2008) 

    Cardinal Principle of Homeowner Personal Loans - It is a Solution for Any Sort ..

    by: Amanda Thompson (June 02, 2005) 
    (Finance/Mortgage Refinance)