Are you searching for the financial loan services online? You can contact Assured Loans & Financial Service to avail different types of loans that meet your needs. We offer online personal loans, business loans, commercial property loans, secured loans and unsecured loans. You can choose the right one based on your requirements.
We stand taller among the online loans direct lenders. Many factors contribute to making us the most reliable lender in. No matter what type of loan you need, we offer the best interest rates without making you worry about any hidden expenses. Our approach is honest and reliable, and safeguards the interests of the borrowers.
When you rely on us for financial loan services online, you don’t need to wait for several days or weeks to receive the fund. The loan processing is done fast with minimal paperwork and transfer the fund within two business days to meet your immediate needs.
Apply for all types of quick and fast online loans with low interest rate, fast approval, minimum documentation and get funded within one working day worldwide.
LOAN AMOUNT: ANY AMOUNT
We close/fund our clients within 3 working hours to 2 working days (depending on the client).
LOAN PAYBACK DURATION/TERM:
Repayment starts 6 months - 1 year after receiving your loan (1 year grace period before repayment starts), loan repayment can be made monthly or in balloon.
Payback term is usually between 5 years to 50 years depending on the loan amount and clients has the right to choose a preferred and comfortable payback duration (its 100% negotiable).
Our loan program annual percentage interest rates is 1%-3% and its negotiable depending on the loan amount.
Loan types: all types of loan (business loan, personal loan, car loan, apartment loan, real estate loan, goldmine loan, construction loan and vacation loan. We offer both secured and unsecured loans. APPLY NOW!
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.
The document evidencing the debt, e.g. a promissory note, will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.
Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding. APPLY NOW!
Types of loans
See also: Loan guarantee
A mortgage loan is a very common type of loan, used by many individuals to purchase residential property. The lender, usually a financial institution, is given security – a lien on the title to the property – until the mortgage is paid off in full. If the borrower defaults on the loan, the bank would have the legal right to repossess the house and sell it, to recover sums owing to it.
Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car. There are two types of auto loans, direct and indirect. In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer.
Other forms of secured loans include loans against securities - such as shares, mutual funds, bonds, etc. This particular instrument issues customers a line of credit based on the quality of the securities pledged. Gold loans are issued to customers after evaluating the quantity and quality of gold in the items pledged. Corporate entities can also take out secured lending by pledging the company's assets, including the company itself. The interest rates for secured loans are usually lower than that of unsecured loans. Usually, the lending institution employs people (on roll or on contract basis) to evaluate the quality of pledged collateral before sanctioning the loan. APPLY NOW!
Unsecured loans are monetary loans that are not secured against the borrower's assets. These may be available from financial institutions under many different guises or marketing packages:
credit card debt
credit facilities or lines of credit
corporate bonds (may be secured or unsecured)
The interest rates applicable to these different forms may vary depending on the lender and the borrower. These may or may not be regulated by law. In the United Kingdom, when applied to individuals, these may come under the Consumer Credit Act 1974.
Interest rates on unsecured loans are nearly always higher than for secured loans because an unsecured lender's options for recourse against the borrower in the event of default are severely limited, subjecting the lender to higher risk compared to that encountered for a secured loan. An unsecured lender must sue the borrower, obtain a money judgment for breach of contract, and then pursue execution of the judgment against the borrower's unencumbered assets (that is, the ones not already pledged to secured lenders). In insolvency proceedings, secured lenders traditionally have priority over unsecured lenders when a court divides up the borrower's assets. Thus, a higher interest rate reflects the additional risk that in the event of insolvency, the debt may be uncollectible.
Demand loans are short-term loans that typically do not have fixed dates for repayment. Instead, demand loans carry a floating interest rate which varies according to the prime lending rate or other defined contract terms. Demand loans can be "called" for repayment by the lending institution at any time. Demand loans may be unsecured or secured.
A subsidized loan is a loan on which the interest is reduced by an explicit or hidden subsidy. In the context of college loans in the United States, it refers to a loan on which no interest is accrued while a student remains enrolled in education.
A concessional loan, sometimes called a "soft loan", is granted on terms substantially more generous than market loans either through below-market interest rates, by grace periods or a combination of both. Such loans may be made by foreign governments to developing countries or may be offered to employees of lending institutions as an employee benefit (sometimes called a perk).
Loans can also be subcategorized according to whether the debtor is an individual person (consumer) or a business. APPLY NOW!
See also: Credit (finance) § Consumer credit
Common personal loans include mortgage loans, car loans, home equity lines of credit, credit cards, installment loans and payday loans. The credit score of the borrower is a major component in and underwriting and interest rates (APR) of these loans. The monthly payments of personal loans can be decreased by selecting longer payment terms, but overall interest paid increases as well.
Main article: Business loan
Financial Loan Services Online
Example of loan repayment calculation:
Please note that interest is compounded on a monthly basis.
Extra fees: $100.00
Loan amount: $100,000.00
Loan value: $100,000.00
Total to be repaid
Effective annual rate (?)
APR: 3.08% (?)
Estimated payoff date
November 11 2024
We work with relevant regulatory bodies and regulations
The TILA regulations can be found at 12 CFR Part 1026. The description of which charges are included and excluded from the calculation of "Finance Charge" is found in Section 1026.4. The APR calculation for "Open-End Credit" is found in Section 1026.14. The APR calculation for "Closed-End Credit" is found in Section 1026.22.