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Home |
www.uk-bank-loan.co.uk
has been established many years and has grown into one of the
largest independent finance brokers in the country. We
have around 300 staff, who are highly professional and experienced
in a wide range of loan solutions and are ready to deal with
your applications.
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BANK LOAN VERSUS PERSONAL LOAN |
 With
both a bank loan and a personal loan you borrow a certain
amount of money from a loan provider and repay that amount
at regular intervals, along with the interest on that
amount. However, the difference between them is that a
bank loan is literally specifically from a bank. It wasn't
too long ago when the only place that you could get a
loan was your bank, which is why many people used to talk
about the need to maintain a good relationship with your
bank manager. But now that you can get personal loans
from building societies and other financial companies
as well as your bank, this isn't so important any more.
Banks, as we know, take money in via savings deposits,
whilst also offering mortgages and insurance. But one
of the reasons why banks make loans is that they have
to pay interest to those savings depositors, and making
investments with that money that makes a return higher
than the interest they have to pay is how to do this.
Providing loans enables banks to charge interest, which
recovers the cost of lending the money whilst also offering
a profit to the bank, part of which they will use to pay
interest to depositors. This is how the banking system
works, and accounts for the 'circular' nature of the money
supply.
Banks are more careful about to whom they lend money.
Applicants with bad credit ratings are unlikely to receive
loans from banks, because banks by their very nature tend
to be more cautious when they make investments in businesses,
financial products and people. So you will need to provide
proof that you can repay the loan in the future and part
of that is your credit history. You need to be 18 or over
to get loan, and, importantly, a bank will need a reason
why you require the loan before they give the money to
you.
Reasons for a loan are important. Banks don't ask for
loans for marketing reasons, or for a 'big brother' type
observance of your behaviour. You are not asked for a
reason in order for you to be caught out, but it is so
that they can provide particular products that suit your
purpose. If, for instance, you want a home improvement
loan, you will not need all of the loan capital at the
same time. You could get a quote for home improvement
to be performed, and then find that the amount you actually
need is larger or maybe smaller than you originally expected.
So banks can offer home improvement loans in tranches,
which stops borrowers from borrowing too much or too little.
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THE UK BANK LOAN PORTFOLIO |
| Any
Purpose Loans From £1000 - £500,000 |
Loans
Up To 125%
Of Property Value |
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Excellent
Terms For
Mortgages / Re-Mortgages |
Immediate
Decision
In Principle |
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NEED HELP MANAGING DEBT PROBLEMS ? |
If you need help managing your debt problems, or simply want
extra cash for any purpose - contact
us now.
Alternatively, call us free on 0870 0800 562 where one of our
friendly staff will take your application details for you.
 www.uk-bank-loan.co.uk
is fully registered with FISA (Finance Industry Standards Association)
and also members of the CFB (Corporation of Finance Brokers)
as a credit broker.
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0800 562 |
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