Sentences with phrase «terms than the lender»

If you do so, you can likely enroll in one of the many income - driven repayment plans, which may have better terms than the lender - offered income - sensitive plan.

Not exact matches

Interest rates on 15 - year mortgage terms are typically lower than those on longer - term loans because the shorter duration of the loan makes it less of a risk to the lender.

On the downside, these lenders may have higher interest rates and more onerous repayment terms than traditional financial institutions charge.

Other times, the terms set out by a traditional lender might not be agreeable, or a company could require a little more guidance than a bank would provide.

Online lenders may offer flexible loan amounts that are more suited to the needs of startups, rather than the large, long - term loans preferred by banks these days.

Spearheaded by more than two dozen lenders and small business advocacy organizations, including Lending Club, Funding Circle, the Aspen Institute, and the Small Business Majority, the bill requires transparency about pricing and fees, fair treatment of borrowers and responsible underwriting, as well as clear language and easy - to - understand terms.

More than two - thirds (67.3 %) of funding requests are approved by alternative lenders, who picked up the slack from the SBA slowdown and are now offering more lucrative terms to borrowers.

In many cases, the BDC's terms are more flexible than a traditional lender.

Repayment terms vary from lender to lender, but they are typically shorter than those offered by the government.

Average origination fees for auto loans range from 0 % to more than 2 % of the total loan amount, depending on your state, loan terms and lender.

Some lenders were pushing the highest term loan amount they qualified for, even though it was more than they needed, nor did they feel comfortable committing to repay a six - figure loan.

It offers significantly better rates and terms than any payday or no credit check lender — loans from these lenders can carry APRs in excess of 200 %.

Many lenders consider the increased flexibility of a business credit line higher - risk financing than a more traditional term loan because the business is borrowing in the future based upon their creditworthiness today.

Although it has stricter eligibility requirements than other online lenders, Fundation provides more flexible terms and lower APRs (some alternative lenders have APRs that exceed 90 %).

These rates will vary by lender, term, and risk, and may be lower than other options such as merchant cash advances (or credit card advances).

If you need to borrow more than $ 150,000 or want a long - term loan, your choice between the two lenders is clear — LendingClub is the only one of the two that offers loan amounts higher than $ 150,000 and terms longer than one year.

Further, our clients are able to leverage our global network of greater than 500 lenders, private equity firms, family offices, hedge funds and insurance companies to ensure a competitive dynamic and optimized terms.

Venture lenders (individuals or groups with a pool of money, or specialized banking organizations)-- they may provide term and short - term loans to technology businesses earlier than these loans would become available from traditional financial institutions; however, these loan facilities are usually reserved for businesses that have received venture capital investment and / or can demonstrate their ability to make loan payments from cash flow.

Depending upon the lender, the loan purpose, and the loan amount, a commercial bank loan will likely include a lower interest rate and come with a longer term than other loan types.

Currency also has longer terms than many alternative lenders, with terms up to six years for its long - term business loan (this is also comparable to terms offered by banks).

If you're looking to finance an equipment purchase, particularly for expensive equipment, Currency is a good option as they have more competitive terms than other alternative lenders.

Unlike other lenders that cater to borrowers with poor credit, OnDeck offers large loan amounts of up to $ 500,000 and terms longer than one year.

The interest rates are also generally higher than other lenders; that can be a problem if you're looking for a longer - term loan to give yourself more time.

While you will need to be a member of the credit union, you can typically borrow anywhere from $ 500 to $ 35,000 or more with long terms and better rates than what you may find at an online lender or bank.

At LendingClub, you won't be required to put up collateral for loans under $ 100,000, and the lender has better terms than many other alternative lenders, with maturities up to 5 years and APRs starting at 7 %.

Many home equity loans and HELOCs have flexible loan terms (agreed on with lenders), so lenders are reluctant to let you borrow more than they think you can handle.

Short - term lenders typically have more relaxed eligibility requirements than conventional banks or SBA loans do.

Angel investors provide more favorable terms compared to other lenders, since they usually invest in the entrepreneur starting the business rather than the viability of the business.

With the announcement of the Financial Conduct Authority's (FCA) plans for a January 2015 cap on all payday loans, to the Archbishop of Canterbury's U-turn on his anti-payday loan stance (he now believes short term lenders like Wonga are a safer option than the potential alternatives).

If you have no credit history whatsoever, they have nothing to go on, which means you'll get hit with less - than - ideal terms because lenders like to hedge their bets.

For more than 10 years, our experts have delivered unitranche lending structures that simplify the process and improve economics between multiple lenders of term and revolving debt in the capital structure.

The reason for suggesting checking the rate at Avant is because this lender has lower starting rates and a larger range of loan amounts and terms than LendingPoint.

In the table below, we compared OnDeck and Kabbage based on each lender's eligibility criteria, products offered, rates, fees and terms Generally speaking, we recommend OnDeck for term loans, especially if you want a longer term or more than $ 150,000, and for borrowers looking to take out more than one loan.

Because credit unions don't lend to make a profit, the interest rates tend to be lower, the fees are usually fewer, there are no origination fees, and the repayment terms tend to be more flexible than the terms offered by traditional lenders.

This lender's maximum APR is a little lower than others, but it also offers a slightly higher minimum APR and shorter term lengths than you might be able to find elsewhere.

Using the service probably won't be better in terms of payment than many traditional banks or alternative lenders but it doesn't hurt to see what you qualify for.

Through Discover, you can borrow up to $ 35,000 with terms up to seven years, which is longer than what many other lenders offer.

The combination of low rates and flexible terms allows our customers with a good credit rating to get a low monthly payment, often much less than they expect.FINANCING FOR POOR CREDIT - We have lenders that can help you.

If you do need a small short - term loan, research the lender carefully and never borrow more than you can pay off in your initial loan period.

Because credit unions don't lend to make a profit, the interest rates tend to be lower, the fees are usually fewer, there are no origination fees, and the repayment terms tend to be more flexible than the terms offered by traditional lenders.

These lenders have less overhead than a traditional banking establishment, and they love to pass the savings on to you by giving you better rates and friendlier repayment terms.

Sure, the short - term lending industry is quite a bit different than the traditional lending industry, but by eliminating a lot of that regulation and red tape of these nontraditional lenders — lenders, in specific — are able to offer their loans to individuals that simply would have been able to get a loan any other way.

If you can thread the needle just right, LendingPoint may be able to offer you a better rate than you can find elsewhere, and under much more favorable terms than a payday lender or 0 % APR credit card that requires collateral to secure.

Harsh as these terms may seem, rest assured the lender is only interested in getting back the money loaned, rather than keep the vehicle.

They'll typically even out about halfway through your mortgage term, and after that point more of your payment will go toward paying down the principal rather than paying interest to the lender or servicer.

When you consider that inflation has averaged 2.94 per year over the past 30 years, and that current mortgage rates are just 0.68 percent higher than that, it begs the question: Why would a lender commit to earning barely more than the long - term inflation rate for the next 30 years, unless getting paid back was close to a sure thing?

In addition to the savings resulting from a shorter term, interest rates on a 15 - year loan also are slightly lower than those for a 30 - year loan because your lender incurs less risk with a shorter loan.

Student Loan consolidation can also save money in the long term if the interest rate is l ower than th at of the existing loans, but keep in mind that this is only really possible with a private lender.

Using the service probably won't be better in terms of payment than many traditional banks or alternative lenders but it doesn't hurt to see what you qualify for.

Average origination fees for auto loans range from 0 % to more than 2 % of the total loan amount, depending on your state, loan terms and lender.