PERSONAL INSURANCE INFORMATION

Please see information on Personal Loans below.

        

PERSONAL INSURANCE

What is Personal Insurance?

Unsecured Personal Loans

What is an Personal Unsecured Loan?

If you have a poor credit rating and are refused credit from your bank, there are other establishments where you can borrow money. Unsecured loans are usually small sums of money which you are free to spend as you choose. Applying for an unsecured loan is fast, simple and easily done online. Think carefully before you apply, you will need to read the terms and conditions before you commit.

What are the benefits?

With an unsecured loan you have the financial freedom to spend the credit on whatever you choose a holiday, car or a rainy day. It is straightforward to apply even if you have no or poor credit rating and if approved you will receive the money in your bank account quickly.

What are the risks?

Unsecured loans are suitable for when you need a short term loan and should not be used to manage existing debt or taken out regularly. Always think carefully before committing to any form of credit and ensure you read all the small print.

Secured Personal Loans

What is a Personal Secured Loan?

A secured personal loan can really help take the load of if your financial burden is becoming too much of a strain. A secured loan is a loan that is 'secured' against an asset, such as your house, meaning you can borrower a larger sum of money as a consequence.

What are the benefits?

You can usually acquire a higher loan amount because if you default on your payment the lender has your asset as collateral. Because there is less risk involved for the lender, this also keeps interest rates lower than unsecured loans and it is usually quite easy to obtain the loan needed.

What are the risks?

Secured loans carry a higher risk to the borrower than an unsecured risk. If you fail to make your repayments, you run the risk of losing your house. It is important to think about the consequences before you take out any loan and seek advice if in doubt.

        


Please note that Which Way To Pay South Africa www.whichwaytopay.co.za is not authorised to give personal financial advice under the South Africa financial regulations.

All of the Links, textural data, and image data is provided for informational purposes only.

Click here to view our Disclaimer

News Charts

Always dreaming of that brand New car , Vehicle loans can help you achieve just that .
31 August 2018
Which Way To Pay
Vehicle Loans are there to help you to be able to purchase that new car
Read More >>
The south African Rand has been hit drastically with the recent Plunge of the Turkish Lira.
31 August 2018
Which Way To Pay
Our Homeland Currency South African Rand has taken a drastic hit with the Lira on the drop.
Read More >>
Everyone wants that special vehicle , but cant always afford it straight away
18 April 2017
Which Way To Pay
We all know its nice do drive a new car , but not everyone has the cash available , Vehicle loans are the answer
Read More >>

Register for newsletter