Desires are unlimited and it costs as much as one can not expect to be. Today, money market is blooming in various financial provisions. For the financial feasibility, flexible loans have been designed out keeping in views every aspect of the borrowers. These loans are getting high popularity across the country.
Well, like other loans, Flexible Loans too have put forward two options for borrowers' financial flexibility. One is secured and other is unsecured forms of flexible loans. For the former, applicants are required to arrange collateral of their securities. To the contrary, the unsecured forms of flexible loans in which security provisions always remain absent, and due to the reason, these forms of loans attest the special attentions of the tenants.
Gone are the days when there were very few lenders available in the money market. There is sufficiency of lenders available in the market and likewise online too. The situation gives heat to the existing competition. And due to the reason, flexible loans become rather drag in the market.
Followings are some benefits of flexible loans:
&bull Personal attention - dedicated pro-active relationship management
&bull Improved cash flow - capital repayment holidays and seasonal low start structures enable you to select a preferred repayment pattern to match your business' cash flow needs
&bull Flexibility - ability to make overpayments and then redraw funds later
&bull Tailored - a repayment option tailored to your business needs
&bull Versatile - aid budget planning and future development
&bull Save Money - make savings in interest charges by making overpayments without incurring an early repayment charge
Features of flexible loans:
&bull Low start repayment option
&bull Capital repayment holidays (interest will continue to be charged during this period)
&bull Choice of repayment amounts and frequency
&bull Ability to make lump sum repayments
&bull No early repayment charges
&bull Choice of higher repayments during your more profitable months and then redraw the funds later.
&bull Repayments can be structured around seasonal fluctuations.
&bull Interest only option and taking repayment holidays may increase the overall interest applied to the loan.
