Loans

A loan is something that is lent (usually money) from one person or organisation (the lender) to another (the borrower).

There are many different types of loan, but in general they all involve the payment of interest as a percentage of the amount that was borrowed or is still owing.

Taking out a loan may be a way of obtaining funds to meet an immediate, short term or long term need.  However, taking out loans is not an effective means of supplementing an income - it may seem to work to start with, but soon the repayments and interest will build up and what is left will be less than you started with!

If you do find yourself in difficulties - it may help to consolidate a number of smaller, short term loans into a single larger, longer term loan with a lower interest rate.  This may be enough to keep your head above water and gradually pay of the debt.  Free Loan Calculators are available on-line to help work out your options and budgets.

Loans are available from many different organisations and take many different forms; some loans are designed to suit specific needs, for example:

Secured Loans Unsecured Loans Credit Cards Bank Loans Mortgages
Business Loans Commercial Loans Graduate Loans Student Loans Bridging Loans,
Pay Day Loans Cash Advance Loans Car or Motor Loans Boat Loans Bad Credit Loans
Debt Consolidation Loans        

Able was I ere I saw Elba

Financial Information Services; Mortgages; Loan Calculators; Personal Credit Check; Debt Management

Home | Elba-BIS | Site Map | Links