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Guide to Choosing a Travel Loan

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World-travel
(Photo credit: Wikipedia)

If you love to travel and have a destination in mind but not the cash, there are financial institutions that are willing to extend you the amount of money that can make a visit to your dream destinations possible. They will allow you to take a loan you are fronted some cash up-front and then you pay it at an agreed interest rate over a fixed period of time. Here is how you choose the best travel loans.

 

  • See how much you need for the trip, including travel. You may do a budget and find that you do not need that much. It you dont, you may want to use your credit card for your travel expenses as it has lower interest rates. [Read more…]

The Biggest Banks of the World

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English: The tower of the Industrial and Comme...
English: The tower of the Industrial and Commercial Bank of China in Xi’an (Photo credit: Wikipedia)

We basically know of banks as storage of wealth. For a country however, banks are the sources of capitals necessary for economic growth, thus all countries have one. There are hundreds of banks all over the world, and listed below are the biggest in terms of market capital. [Read more…]

Tips That Will Save You Money

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Money is not easy to come by these days. Wherever we look, prices are getting more expensive, companies are closing down and more people are losing their jobs. But you know, improving your financial situation isn’t really that hard. To help you in your penny-pinching efforts, here are some easy tricks to saving money.

Trick #1: Cook your own food

Eating out costs around AU$20 or more, but cooking your own meals would be worth roughly AU$65 to AU$75 per week. And for that amount, your groceries will have more variety than whatever other fast-food place would give you.

Trick #2: Make a shopping list and follow it strictly

Many of our expensive purchases come from impulse buys, and these accumulate over time. So before you go shopping, prepare a list of the things you need and follow it strictly. [Read more…]

The Different Types of Personal Loans

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A personal loan is a type of debt, usually provided by the bank or a financial service provider, which the borrower agrees to pay back with interest over a predetermined period of time. There are many variants of a personal loan, but they all fall into two categories secured and unsecured. Discussed below are the main differences between the two types of loans.

Secured Personal Loan

A secured personal loan is one that is tied to any of your properties. You will have to offer an asset that you own as collateral to get approved of the loan. The amount that you will be allowed to borrow will be based on the appraised value of that particular asset. The only disadvantage of this type of loan is that, should you default on a payment, that bank will be legally obliged to sell the collateral and use the proceeds to settle your outstanding balance. On the other hand, a secured personal loan is a better choice than an unsecured personal loan due to the following reasons [Read more…]

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