subject: Computer Loans now Have A Computer Of Your Own [print this page] It is true nowadays computers seem to be very common. It is very valuable to a common man. People think of taking a computer for their children, but it is very expensive and not always does their budget match their earnings. So in these situations you can think of taking a computer loan, which can help you in solving your difficulty.
A computer is expensive, but taking a loan can help you and your family in satisfying their needs. Computers are possibly the most imperative thing to own in the 21st century. Considering most of our daily activities are now online, computers have become an inseparable part of our lives. Daily activities like paying bills, shopping, meeting friends and many other things can now be done online.
Basically, these finances can be secured as well as unsecured in nature:
In secured credit the borrower will be given an amount ranging from 500 -100000 and the given time period will be for 1 to 25 years. The advantage of secured finance is that the borrower has to place his property or asset as collateral, and due to this a lower rate of interest would be charged.
The disadvantage of a secured loan is that the borrower has to place his property as collateral. If the borrower does not repay the money within the given time then there is a risk for the borrowers property.
In unsecured loan the amount offered will be from 1000 to 25000 and the time period given will be for 1 to 10 years .The borrower has to pay the amount in the given period of time. In unsecured loans, the borrower does not have to place any property or asset as collateral and hence, there is no risk to the borrower.
However in unsecured loan collateral is not been placed and so a higher rate of interest is being charged. If the borrower does not pay the amount within the given time then he will be charged a penalty fee.
Eligibility criteria:
A person should be a citizen of UK.
A person should have a current bank account.
A person should minimum 18 years of age.
A person should earn minimum salary of 1000.
The online procedure is somewhat simple and suitable. All you have to do is to just fill the application form with the correct information in it. You need not worry, within 24 hours the funds will be transferred to your account.
