20/02/2018

Loans

Do you need money to buy a new car, new furniture, pay for school or university or just need extra cash for a vacation?

You don't have to go searching and applying to banks and lenders anymore. With bestbankdeal.com it has never been easier.

Choose the type of loan you need.


CAR
 
A car loan is a personal loan whose only reason is to purchase a new or a used car. The price, model, and age of the car play a big role in determining the interest rate, the required down payment and the repayment period of the loan. A common feature of this loan is that the purchased car is usually mortgaged in favor of the bank as a guarantee, in addition to a car insurance policy where the premium is usually paid upfront or in installments. A life insurance policy is also normally requested.
 
 
PERSONAL
 
A personal loan is the most common type of loans among individuals and specifically employees. Personal loans are mainly granted to cover personal purchases or expenses and should be repaid in monthly installments over a medium term period. Banks may grant personal loans on clean basis, or may request additional guarantee such as domiciliation (direct transfer) of salary, or a personal guarantee. A life insurance policy is also normally requested.
 
 
EDUCATION
 
An education loan is a special personal loan that is designed to help students pay for university tuition, books, and living expenses. It differs from other types of loans in that the interest rate is substantially lower and the repayment schedule is deferred until after graduation. Banks sign deals with certain universities to provide additional benefits.
 
 
TRAVEL
 
A travel loan is a special loan that is designed to be spent on travel and leisure. Banks sign deals with travel agencies and grant loans to finance travel packages offered by these agencies. Some benefits may be offered such as credit cards or travel insurance.
 
 
APPLIANCES & ELECTRONICS
 
A personal loan that is exclusively for the reason to purchase household appliances or electronics such as TV screens, Sound systems, refrigerators and others. Banks sign deals with suppliers and grant short term loans for consumers to finance the purchase of such products. Some benefits may be offered such as special discounts or deals.
 
 
PROFESSIONALS
 
A professional loan is a personal loan that is exclusively granted to certain professionals (Dentist, pharmacists…) in order to finance the purchase supplies or equipment that is necessary for their professions. Professional loans can also be granted as a special offer to certain professional groups (teachers, engineers…).
 
 
SPECIAL
 
A special loan is a personal loan that is granted for a special purpose (beauty loans, solar loans) and is in collaboration with designated suppliers. Banks may also offer special loans in order to provide special features or discounts to meet the needs of certain groups (expatriates).
 
 
 
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