installment loans

5
Installment Loans By Pacific-Odyssey.co.uk

Upload: shovon-pramanik

Post on 04-Aug-2015

37 views

Category:

Business


0 download

TRANSCRIPT

Page 1: Installment loans

Installment Loans

By Pacific-Odyssey.co.uk

Page 2: Installment loans

Installment Loans

What is an installment loan?

It is a loan of two or more planned and equal repayments.

It can be a 3 month loan, 6 month loan or even a 25 or 30 year mortgage!

Page 3: Installment loans

Installment Loans

The nice thing about installment loans is that they have pre-agreed terms:

Agreed number of repayments

Agreed amount to repaid on each installment

The installment amounts tend to be the same each month, making budgeting easy

Page 4: Installment loans

Installment Loans

The cost of an installment loan varies tremendously from as much as 1,200% APR down to 3% APR.

The cost tends to be driven by the risk being taken by the lender (will the customer pay back) and the length of the loan.

Page 5: Installment loans

Payday Loans

My Advice?

Take out an installment loan from a company such as Pacific Odyssey (www.pacific-odyssey.co.uk)