Whats is a loan?
A loan is a form of debt incurred by an individual or other entity. The lender—usually a corporation, financial institution, or government—advances a sum of money to the borrower. In return, the borrower agrees to a certain set of terms including any finance charges, interest, repayment date, and other conditions.
How does loan work?
Put simply, a personal loan is a sum of money with interest lent by the bank to a borrower for a fixed period. The loan must be paid back in fixed amount installments, every month until the end of tenure.
It is quite straightforward until you come across some terms and jargons that you are not familiar with.
Benefits of Loan
Relatively fast
No restriction on how you can spend the money
Do not require any collateral
Request Call Back
At Awesome Achievement Management (AAM), we want to hear from you. It’s really easy to get in touch with us, but if you have any questions – just call us and we’ll try and answer all your questions or complete our feedback form if you have any further queries. Thank you.
See also...
Will & Trust
Wills and trusts are both estate planning tools that can help ensure your assets are protected and bequeathed to your heirs, besides your spouse…
Read MoreLife Insurance
Life insurance is a type of life insurance in which the life of the insured is the subject of coverage and the condition of payment is the survival or death of the insured…
Read More