Personal Loan
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Personal Loan
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- Personal Loan
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Contact Info
0431 170 021
info@fgsfinance.com.au
15 Abbeywood Street Taigum QLD 4018
Personal Loan
A personal loan allows you to borrow money for something special, like a vacation, car, or home repairs. You must pay it back with interest over a set period, usually one to seven years.
Finding a good deal on a personal loan can save you a lot of money in interest and fees.
Find the right personal loan for you
Many people compare options before choosing a vacation or buying a car. Looking for the best loan can help you save a lot on interest and fees.
Fixed or adjustable interest rate
With a fixed interest rate, your monthly payments stay the same throughout the loan. You’ll know exactly how much will be deducted from your account each month.
With a variable interest rate, your payments can change if interest rates go up or down. If rates increase, your payments will also increase; if they decrease, your payments will be lower.
A variable interest loan often has no early repayment fee, making it a good option if you plan to pay it back early.
Loan types: secured or unsecured
With a secured loan, you borrow money against an asset, like your car. If you don’t repay the loan on time, the lender can take your asset and sell it.
With an unsecured loan, you don’t need to provide an asset as security. However, the interest rate is usually higher, and you may need someone to guarantee the loan. If you don’t repay, the lender can take legal action to recover the money.
Loan co-signer
Some lenders may offer you a lower interest rate if you have someone to guarantee your loan. Before asking a friend or family member, make sure both of you understand the risks involved.
Easy loans
If you need to quickly borrow up to $2,000 for things like a fridge or car repairs, consider a no-interest loan. These loans have no interest, no fees, and quick approval.
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