Finance Information Directory from Online Consumer Information Services

BOOKMARK THIS PAGE | HOME
OCIS Online Consumer Information Services
CONFUSED? - You WON'T BE with US!
Let . . . OCIS Financial Information HELP YOU . . . NOW!

OCIS - Online Information Directory, Loans Information, Mortgage Information, Retail Information and more!

Why Choose OCIS?Choose OCIS
Quality Information and resources! Comprehensive summary on all companies and institutions that OCIS deal with!
Simple navigation for ease of use! No pop ups!
In a hurry? You will find direct links from this portal to all of our web sites.
If it's information you are after, then click Finance Information Index for specific information as well as lots of useful FREE advice.

Loan Information - What is a Personal Loan

 

Personal Loans

 

About Personal Loans

A personal loan is an amount of money that you borrow from a bank, building society or some other lender. This is usuallya lump sum. You then agree, in return, to make regular repayments which are usually monthly although these payment can vary. The most common personal loan is a repayment loan, whereby some of the money you repay will go towards servicing the loan ( interest payments ) and the rest of your payment will be used to pay off capital and reduce the outstanding debt.

The two basic types of personal loan are secured and unsecured. With an unsecured loan you will normally make payments on a regular basis to the lender who, if you should default on the payments, would have to take legal action to obtain the outstanding money. With a secured loan the terms are different since the lender will ask for the amount that you borrow to be 'secured' against a piece of your property, usually your home although other items of value can normally be used, These would become the property of the lender in the case of default.

Please note: that this is a very basic description and you should always check very carefully with lenders about their terms and conditions before entering any agreement since these may vary.


List of Major Secured Loan Providers

List of Major Unsecured Loan Providers

List of Major Debt Consolidation Loan Providers

OCIS provide general financial information, we urge you to consult an Independent Financial Adviser ( IFA )
before making any important decisions about your finances.

OCIS RH Menu
Consumer Information - OCIS
COMPANY INFORMATION
INDEX A - Z
Consumer Information - OCIS
FINANCE
INFORMATION
INDEX
Consumer Information - OCIS
FINANCE
DIRECTORY -
FINANCE
CENTRAL
Consumer Information - OCIS
INSURANCE DIRECTORY - INSURANCE CENTRAL
Consumer Information - OCIS
HOME
CHEAPER ENERGY BILLS
Energy Helpline
Links - Online Consumer Information Services


Internal Site Links:
About Us - Disclaimer - Privacy Policy - Terms and Conditions - Contact Us/Get Listed - Site Map


© 2003 OCIS