Loan News

Making early payments on your home loan can save you money on interest and shorten the loan term. Timing is crucial, with prepayments in the initial years yielding the most significant savings.

Failing to repay a personal loan can result in a series of adverse outcomes, impacting both your financial situation and creditworthiness.

Personal loans provide several benefits compared to home equity loans, making them a more suitable option in certain circumstances. Personal loans are well-suited for borrowing smaller amounts, whereas home equity loans often have minimum loan amounts that may be excessive for your needs.

Not all lenders are biased against part-time workers. Some may even offer specialised loan programs tailored to this demographic. It’s essential to research and compare lenders to find one that views your employment situation in a positive light.

Utilizing your EPF for home loan repayment is a significant decision. It’s crucial to carefully consider the advantages and disadvantages before committing to one.

You can take incremental yet impactful measures to enhance your eligibility for a personal loan and potentially access better interest rates or increased loan amounts.

Payday loans can be risky for several reasons, and it’s crucial to understand these risks before contemplating one.

Personal loans can be backed by collateral, known as secured personal loans or collateralised personal loans.

Transferring a personal loan directly to another individual is not feasible. Personal loans are approved based on your creditworthiness and financial standing.