Glossary of Terms

Glossary of Terms

We realize that some monetary terms can be confusing. We hope the explanations that are following helpful.

Advance loan A secured or unsecured loan typically expected to cover an urgent bill or purchase a thing that had not been prepared. It is built to have the mortgage repaid and approved quickly.

Bad Credit Loan an individual loan wanted to customers with a ‘bad credit rating’.

Good Credit Loan an individual loan provided to clients by having a credit rating’ that is‘good.

Bond Loan an individual loan that may be used to pay for any/all associated with the after:

  • A leasing bond
  • The initial fourteen days of lease
  • Any cost linked with relocating.

Secured Loan an individual loan for that the debtor provides a secured item (for instance their automobile) that functions as safety when it comes to loan. The lending company has the right to sell this asset in the event that debtor will not back pay the loan. (mehr …)