Loan Types and Purposes
Loan providers have gone to extraordinary lengths to be of service to borrowers. Most of the leading lending institutions offer both unsecured loans (personal loans) and secured loans. Purposes for these loans can be quite varied:
- Boats/Yachts
- Business Purposes
- Car/Automobile
- College/School Fees
- Debt Consolidation
- Debt Management
- Deposit for Homes
- Emergency Cash
- Equity Release
- Funeral
- Holiday/Vacation
- Home Improvement
- Horse
- Investment
- Mortgage
- Motorbike/Motorcycle
- Pay Day
- Plastic Surgery
- Pay-Off Credit Cards/Store Cards
- Re mortgage
- Second and Third Loans
- Unemployed
- Wedding
- Van
The student loan's primary purpose is to provide additional capital to students to enable them to concentrate more on their studies by easing the pressures of a taut budget string. Repayment through salary deduction shall start only when gainful employment has been achieved.
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