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Different Financial Loans to Fit Your Family Needs

 A loan is basically an amount you borrow from a bank for a period of time. You pay back these loans over a fixed duration of time with a fixed rate of interest. Loans can be extremely useful. From buying a house or car to funding for higher education, there are loans that can help in almost all situations. Banks have introduced new policies to make the process of taking loans easy and better. Here are some loans that can be extremely beneficial in meeting the financial needs of a family in a convenient way. Student Loans: These  loans are useful to students, as well as parents who have difficulty in paying their children’s school or college fees. For example, a single mom may have problems paying for her twins’ college tuition. Although she may get benefits from the government like tax credits and child benefits, it may not be sufficient to pay the higher education fees for her children. The loans are given to meet the tuition fees, living expenses and cost of books. The interest rate
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Services Offered by Invoice Finance

 Invoice financing is the act of selling invoices or trade debtors to factor instant cash. The discount varies from 5% to 10% of the invoice total or value. The factor makes money through collecting payments from clients. It is usually an outstanding way of financing a business venture without spending time chasing after normal bank loans and without any financial worries. Not all account receivables needs to be sold in business, you can select the ones that will benefit you the most. It is very important to mention at this particular juncture that a factor does not loan cash to your business, but instead they buy the outright value of the invoice at a discount to give instant working capital when needed. The factor to acquire an invoice service or work being rendered ought to have been delivered, completed and accepted, your client ought to be creditworthy. Factors do not require any extensive legal formalities or long term contractual obligations, furthermore even new ventures or bus
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The Rising Cost of Living

 There is no doubt about it; the cost of living in the UK is constantly rising. Whether it is gas and electric bills going up by an unholy 25% a year, petrol prices soaring through the roof or supermarkets over inflating their prices, times are getting harder. While these companies sit back and argue their case for increased prices while posting record profits yearly the general population are having to dig deeper and be more financially aware than they have been in the last 30 years – an abrupt shock for some. Salaries and Quality of Living A study from the Mail (not the best source I know) has revealed that young adults have to earn twice the amount their parents did at their age in order to live a comparable lifestyle. According to them the average young adult earns approximately £21,000 per year, but they would require double that if they wanted to get onto the property ladder. The average age of a first time buyer is now 35, showing a 7 year rise over the last decade. This is due
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What West, Texas Has Taught Us About Insurance

 One moment can change everything, as evidenced by the explosion of the fertilizer plant in West, Texas. To date, there are 14 confirmed fatalities and 200 injured from the blast. As many as 75 homes, an apartment complex, a middle school and a retirement center were also destroyed in the explosion. And West isn’t an isolated incident. Last year, 150 man-made disasters occurred in the United Sates, including fires and explosions, causing almost $6 billion in damages. Renters Beware Many renters don’t think they need insurance, assuming their property will be protected under their landlord’s insurance. However, most landlord insurance only covers the apartment or home structure and not personal belongings. Renter’s insurance costs about $15 a day. It is also a common misconception that renter’s insurance is unaffordable. Unfortunately, many West residents affected by the explosion were renters. If they did not carry renter’s insurance, it is unlikely they will be able to recoup their lo
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Home Loan Eligibility Calculator

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 When someone is thinking of getting a home loan, most of the time the person will need a home loan eligibility calculator to help him/her to calculate the amount of loan that he/she can afford. You can find a great number of choices, and you life will become much easier if you get get them in easy way. How to Pick the Right Home Loan Eligibility Calculator in Malaysia You can have various ways to get the right loan eligibility calculator in Malaysia. The thing that could be more critical for you is to think of your actual needs, and where is the best place for you to get some different options. You will find many different ways that a home loan eligibility calculator could readily to help you even on structuring your debt. The right home loan eligibility calculator will assist you to come up with right options on restructuring the debt that you have. Occasionally coming up with a home loan go extended in your life means that you can just search for different choices to restructure you
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Request For Housing Loan Interest Rate Reduction From Your Bank

 If you have bought your house and is now paying for your housing loan instalments every month, you may now try to contact your bank to ask for housing loan interest rate reduction. If your outstanding amounts for your housing loans are less than RM100,000 for each loan and are not practical for you to refinance the loans, You may try to write to your bank to discuss with them of your matter. There are some people who wrote to Citibank and RHB bank asking for reduction of their housing loan interest rates some time ago and most of them do received replied from their respective bank. Below are the replied that received by some of the people and you may check out for you to have some clues when you want to contact to your bank for the reduction as well. Citibank A lot of people be given a reduction of their housing loan interest rate by 1.7% which is from BLR +0.5 change to become BLR -1.2 after reduction. Although the exclusive benefit associated with loyalty interest rate reduction hap
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Public Bank Home Loan Packages For Completed And Uncompleted Properties

 Here is the conventional housing loan launched by Public Bank recently to fulfill for those homebuyers that in needs of home loan to buy their dream houses. Other than the 5 Home Loan plan, Public also having these Home Plan 10 and HomeSave packages that serve for consumers with alternative needs and requirements. Home Plan 10 Package A   Loan Amount Non Free Legal Below RM50,000 Whole Tenure BLR - 1.30% p.a. RM50,000 to below RM100,000 Whole Tenure BLR - 1.60% p.a. RM100,000 and Above Whole Tenure BLR - 2.20% p.a.   Package B   Loan Amount Non Free Legal First Year BLR - 2.55% p.a. Second to Fifth Year BLR - 1.60% p.a. Thereafter BLR - 1.80% p.a.   HomeSave Package Loan Amount Non Free Legal RM150,000 and Above Whole Tenure Up to BLR - 2.20% p.a. First Year BLR - 2.55% p.a. Second to Fifth Year BLR - 1.60% p.a. Thereafter BLR - 1.80% p.a.   Overdraft BLR - 0.75% p.a. Public Bank offers flexible and affordable Home Loan packages that provide value added benefits and greater cost savin
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