6 KEY CLAUSES TO WATCH

Businesses enter into loan agreements on a regular basis, but it’s crucial that that you review any loan agreement you sign off on. You may not be able to negotiate the terms if a bank is lending you the capital and you’re running a small or medium business, but you can certainly look around …

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Vacation Loans Can Turn Dreams Into Reality

Everybody says they need it. Few people actually get it. Europeans get more of it than most. Research shows that the more you get of it, the better your performance. How about you? Where would you like to vacation? Or maybe the better question is, “where can you afford to …

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Why was My Home Loan Application Declined?

All of us would have a doubt in mind of the approval probability when applying for a home loan. At times even if you have good income, there are chances of getting home loan rejected. The reason for this is banks judge you based on the ability to repay loan. …

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Key Terms to Negotiate – Borrower Perspective

Loan Agreements are complex documents with many provisions to consider. Below we set out the five key terms to negotiate from a Borrower’s Perspective. Events of Default Following an event of default, the lender will usually have the following contractual rights: if the loan amount has not yet been lent, the …

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Things You Need To Know About Payday Loans

Fast, simple, and with liberal approval terms; what possible downsides could a payday loan have? These popular loan alternatives— which have spurred an entire sub-industry in the financial business — have earned a mixed reputation among many consumer advocates, however. Payday borrowers with little security and a hazy grasp on …

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Three Common Myths about Payday Loans

A payday loan can be a powerful financial tool when used correctly. However, in the wrong hands or the hands of a borrower will little knowledge; they can be a powerful tool that leads to financial ruin. Understanding the ins and outs of payday advance loans, as well as what …

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The key clauses of a Loan Agreement – Undertakings

A loan agreement will typically include a number of promises by the borrower to engage in or refrain from a specified action.  These promises are referred to as positive undertakings or covenants (where the borrower is promising to engage in an action) or negative undertakings or covenants (where the borrower is promising …

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How Pre-Payment Can Help You Win The Game Of Loans

Debt is a part of most people’s financial lives. What makes repaying it significant is its effect on your credit score, personal credibility and future loan applications. Any time you apply for a loan, banks offer you a repayment plan. You can choose to repay it by paying regular EMI, using …

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