Sentences with phrase «expensive than a secured loan»

Not exact matches

The ability to repay the role needs to be verified with the financial institution through profitability, statements etc.The secured Business Loan is granted against collateral like property, gold etc. while the unsecured business loan requires no such validation, however turns out to be more expensive than the secured business lLoan is granted against collateral like property, gold etc. while the unsecured business loan requires no such validation, however turns out to be more expensive than the secured business lloan requires no such validation, however turns out to be more expensive than the secured business loanloan.

However, if you owe more on your car than it is worth (perhaps you've refinanced and rolled - over an existing car loan into your new car purchase) and you find the payments too expensive, (for example, the interest rate is too high), you have an option to get out of the secured financing — the bank loan or lease — through a consumer proposal or bankruptcy.