Tag Archives: car
Secured loans against car: Quick accessibility of funds
Do you want to access sufficient cash support? Have important financial requirements to fulfill? Do you have car under your name? You must be wondering what a car can do when you are in a situation of financial crunch. Today financial lenders have introduced the wonderful provision of secured loans against car in the market. Under these loans you can fetch sufficient cash assistance by using your car papers as a security to the lender against the loan. This will help you to carry out your important financial desires suitably on time without any obstacle.
As the name implies, these loans are secured against your car. Here you need to put your car logbook as a security which contains details of your car like VIN number, engine or model number, chassis number, registration mark, name of the owners etc. The most prominent feature of Car Logbook Loans is that you can have the pleasure of driving your car anywhere you want without any restriction even after the approval of your loan. However, maintenance of car should be totally your responsibility.
To qualify for secured loans against car you need to fulfill some basic terms and conditions that are given below:-
– Your age must not be less than 18 years – You must have permanent employment with stable income flow – Your car must be less than 8 years old – Your car must be clear from all financial dues – You car must be taxed and insured – You must have logbook in your name
After meeting the above conditions, you are free to borrow funds varying from £500 to £50,000 for a suitable time period of 5 to 7 years. The granted loan amount can be used to meet your several unavoidable needs such as paying off number of debts, wedding expenses, organizing a party, higher education of your child and so forth.
Use the most feasible online mode to apply for secured loans against car with ease and comfort. Due to stiff competition between various online lenders the interest rate may vary. To grab a cost-effective loan deal a careful online research is recommended.
Thus, avail car logbook loans right now to fetch suitable finance for your essential needs by using your car logbook as a security against the loan.
College Students Car Avail Car Loans Easily
These days, it is possible for human beings to satisfy every need even if they dont have money, and this can be done with the help of loans or external finance, which is easily available in the market. Finance is essential at a very primary stage when we consider the life of a student. A student needs money for paying tuition fees, buying books and for transportation. car loans for college student are available for students who find it difficult to buy a car themselves. It is known that a college student needs to travel frequently, from college to home and for other work.
Waiting for public transport can waste a lot of productive time of the student, which otherwise can be used for studying. Car Loans for college students are given on the basis of the credit record of their parents or the cosigner. Every student desires a good car, but sadly there are only few ones who are able to buy their dream car.
Types of student car loans
Student car loans are classified in to two very relevant groups of loans in America:
- Subsidized federal loans
- Unsubsidized federal loans
As the names suggest, the subsidized and unsubsidized federal loans are in direct proportion to the merit of a student. The loans which are subsidized are completely based on the performance and merit of the student. Everything including the financial situation of the student is considered, before the student auto loan is sanctioned. On the other hand, when the subsidized loan is sanctioned, the component of need is not the dominant issue. In addition to this, student car financing is paid to the student directly, or to the students parents.
If the loan is of a higher value, then it is paid to the parents of the student, as compared to a loan that is directly paid to the student. Please take note of the fact that though both subsidized and unsubsidized federal loans are assured by the department of education in the US, the interest rates vary subsequently. But, generally the rates for student auto loans are lower than other types of loans.