Personal loan
with limited shelf life, such as a car, a vacation or white goods(household appliances). The main forms of consumer credit are: Personal Loan With a Personal Loan, you borrow a one-time amount of money. For example, if you need a new car or are making plans for a remodel. The advantage of a Personal Loan is that you know exactly where you stand: every month you pay the same amount in interest and repayments. That way, there are never any surprises.
Features Personal Loan:
⦁ Fixed amount & repayment amount
⦁ Fixed term & interest rate
⦁ No interim withdrawals
⦁ Redemption without penalty
⦁ Pay interest on the entire loan amount
Revolving Credit
A revolving credit allows you to have extra money on hand temporarily. This can come in handy during a renovation, for example. Or when your children start studying. Find out more about this flexible loan.
Features Revolving Credit:
⦁ Flexible loan
⦁ No fixed term & interest rate
⦁ You can withdraw money during the term
⦁ Redemption without penalty
⦁ Only pay interest on the amount withdrawn
"CAUTION!!! BORROWING MONEY COSTS MONEY"
