Sentences with phrase «loan sum»

There are also benefits to the borrower in the form of lower interest rates, longer terms, higher loan sum limits and, usually, no credit checks to hamper the whole process.

But not everyone has an item that can possibly meet the value of the required loan sum.

These factors can affect the total loan sum to be repaid.

These are all ways that your student loan sum might exceed your actual costs as a student.

Lenders are not impressed when an applicant is pushing to secure a maximum loan sum.

This is why it is important to calculate the actual loan sum needed.

Having different college loans means that more than one interest rate is applied to different loan sums, and usually the repayment schedules vary too.

Knowing the loan options that exist can make all the difference when looking for large loan sums.

If the debt consolidation loan sum is $ 10,000, the difference is $ 110, which is a significant sum to free up, thus lowering the pressure to make the necessary repayments.

But, the ratio also greatly limits the potential loan sum.

Private lending firms are more expensive, but are a viable option when the required unsecured loan sum is very large — as high as $ 25,000 (secured loans can be much higher).

When buyers have pre-approval letters their closing processes should be faster than buyers without letters, because lenders already have a significant amount of the required financial records and are still approving the given loan sum.

For example, despite the limited loan sum permitted, a sum of $ 2,500 repaid in just 30 days can be debilitating.

It is worth noting that an amendment to increase the loan being made available to the borrower is likely to be found to adversely affect a guarantor even if the guarantor's liability under the guarantee is capped, as the increased loan sum is likely to mean that the borrower is more likely to be unable to repay the loan, and therefore there is a higher risk that the guarantor will be required to make a payment under the guarantee.

In an interest - only loan, like you can get from a bank, you will loan a sum of money, which you are expected to pay back at a certain time in the future, or when you sell the condo.

If you have a good credit score and a spotless credit history, you will probably be able to obtain high loan sums, but if this is not your case, the funds will be limited.

Borrowable amount: Cash Float allows you with a loaning sum of 1100 pounds with instant transactions after you get the approval.

However, an extra paragraph is now proposed in the statutory guidance on treatment of surplus and deficit balances when maintained schools become academies, to say that «The Department will not recognise as a loan any sum that has been provided in order to fund a deficit that has arisen because a school's recurrent costs exceed its current income».

It depends on the repayment schedule and the person's ability to guarantee the loan sum.

For example, if someone is seeking a loan sum of $ 50,000, it may be easier to get five loans of $ 10,000 running in succession, than to get it all in one lump sum.

However, finding collateral to the value of the loan sum can be tricky.

While security means that fast approval with bad credit is practically guaranteed, loans that are unsecured can only expect to be approved if the loan sum is kept relatively low.

This should be made possible by two factors: firstly, that the debt is now centralized into one loan sum; and secondly, the fact the loans were bought out means the credit score is improved, thereby entitling the borrower to a lower rate.

These repayments will include the loan sum and any interest incurred, and will allow you to plan financially.

The whole concept of student loan consolidation is that the individual loans that a student might take out over the course of their college career can be put together into one loan sum.

Even when securing a debt consolidation loan with bad credit, the loan sum is enough to clear all of the card balances and because the interest rate is smaller, and the loan term is longer, the size of the required monthly repayment is much lower than the combined minimum repayment sums.

However, the loan sum is affected by credit scores, while the particular interest rate charged for the loan will also be affected.

So, when applying for an unsecured loan with bad credit, the loan sum should always be a realistic amount.

The fact of the matter is that there are clear benefits to be had for those who take the step to gather their existing college debts together into one loan sum - the loan then used to buy out those individual loans.

Loan sums are deposited directly into the bank account of the borrower within 24 hours, and repayments can be taken directly too, ensuring there is no possibility of missing a repayment.

This is because refinancing existing debts effectively means buying them out with one loan sum, and then applying one interest rate.