Once in awhile, I received offers from banks to lend me personal loans. The rates sometimes can be attractive (almost the same rate as fixed deposit interest rate) and sometimes can be exorbitant. In this article, we shall discuss about this type of loan. Pros of personal loans 1. No collateral required Most personal loans …
When you take a loan, you know the interest rate being charged. It is informed to you upfront before you sign the contract. But is it the real interest rate that you will be paying for the loan? Two types of interest rate 1. Nominal interest rate Nominal interest rate is the rate that you …
Nowadays, most people are saddled with debts. If you are one of those people who do not have debt, congratulations and this article is not for you. But if you are like the majority, this article on debt management might give you some thoughts on how to reduce your debt. Types of debt There are …
