Home » Finance

All The Best Loans For You

Nov 27, 2007
Life is like one big roller coaster ride, with its highs and lows, leaving the human kind exhausted and definitely not looking for bumpy ups and downs. The main force driving the workforce and the economy is money, and there are no two minds about it. At any given point of time, every person, no matter where he is, is thinking about how to earn or make that extra, to meet his demand, and that of his families. Demand is equal to supply only in theoretical terms. The demand and supply of funds is never equal in anybody's life. To fulfill this deficiency, loans are used or taken. A loan can be defined as the transfer of funds or monetary assets from the borrower to the lender. The opportunity cost of the lender for parting with the resource is termed as the interest. A loan can also be defined as a contract between two people, in which the borrower promises to repay the money taken form the lender along with the interest. Best loan has no fixed and regular definition. It can be explained in layman's terms, as a loan in which both the parties to the loan contract are happy with the terms of the deal and have a feeling of security. Therefore, what may seem to be a best loan for a borrower "x" may not be a best loan for borrower "y". Thus best loan varies form person to person and their needs.

Best loan can however be distinguished based of the following factors:

Rate of interest: the arte of interest should not be very high. There is a particular cut off rate of interest given by the apex governing body of the country and no lender is supposed to charge rates higher or lower then it. Hence rates are between the two boundary lines. A best loan will have a rate of interest which is closer to the lower boundary line. A borrower should shop for rate of interest thoroughly and get the best marginal rate that is easy on his pocket.

Processing time:

A best loan should take less time to get processed. Loans which have tons of formalities and consume a month's time just to get processed are tiring. Once the documents are furnished by the borrower, the lending authorities should investigate, verify and process the loan fast, so that the borrower gets the money in time.

Terms of repayment:

A best loan should have terms of repayment which is easy on the borrower. If the amount to be repaid in every installment is hefty, the borrower will be stressed, and at some point of time or the other he will have to borrow more to settle of the repayment. Thus, when a borrower is judging a loan he should keep in mind the repayment amount, and compare it with his incoming money sources.

These are the basic points which the borrower should keep in mind, so that the loan he chooses gets him the best. Best loan can be shopped for easily, only that it requires a little bit of homework. It is best to compare the deals of many lenders and also read various schemes and programs offered by them. A lot of information can be got form the internet and it is extremely helpful. One can also find lenders on the net who give attractive loan offers. The borrower must know what he wants and place his priorities right. Lenders too offer a lot so that the borrower is satisfied with the loan.
About the Author
Micheal Coley knows where the best loan & best loan rate can be found. Get the best loan today & see how quickly & easily your financial standing can improve.
Rating:
Please Rate:
(Average: Not rated)
Views: 249
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources