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Key Factors to Compare Loans

Know what are the keyfactors you should know about while comparing loan by reading this Power Point Presentation. Click to know more.<br>

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Key Factors to Compare Loans

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Presentation Transcript

  1. KEY FACTORS TO COMPARE LOAN

  2. Need for Loans • Purchasing a home • Buying an automobile • Financing your short term goals

  3. How to Choose the Right Option? • Several factors are involved to compare loans, assessing the essential ones help you grab the best choice.

  4. Key Factor to Compare

  5. Features • Find out the features offered by the various loan options • Compare the features provided by the companies offering loans • Deduce the benefits you can avail with the features offered

  6. Flexibility • Check whether the rate options are flexible • Go for options that provide flexible repayment options • Enquire regarding portability of loans in case you have to move

  7. Loan Terms • Loan terms differ depending upon the type of loan and the company you are availing the loan from • Longer loan terms mean more interest applied on the loan, leading to shelling out more than necessary • Choose a short loan term that allows you to repay the loan with manageable EMIs without hassle

  8. Add-on Benefits • Add-on benefits offered would differ from company to company. • Take into account all the other factors along with add-on benefits to figure out the right one. • Choose the one providing add-on benefits specific to your needs.

  9. Why Should You Compare Loans? • Availing a loan blindly can put you in deeper debt without proper knowledge and information • By comparing loans, you can find out more to know, what is expected of you, and what you can expect from the loan you purchase

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