Bank loans only solve the large and have a good business plan. In the case of small loans majority of customers will choose the mortgage loan not to resolve the situation and retain the collateral in order to borrow larger loan. If once you have borrowed 1st 2nd then borrowing extremely difficult and very likely due to external services to guide the procedure. Therefore, when a loan is optimal loan is to consider carefully avoid doing halfway out of capital.
Lower interest rate mortgage loan and time to longer transaction processing.
Should choose mortgage loan or mortgage?
The answer is that, depending on the need of capital and power in your debt like banks?
Mortgage loan: shopping needs, consumers need quick capital - customer participation usually unsecured loans to settle shopping needs, consumer, entertainment and family own (buying a car, home repairs, traveling, weddings ...). Therefore, these loans are usually unsecured form from a few dozen to a maximum of 100 million. Loan period depending on the regulations of banks and credit institutions, mostly aged 12 months - 48 months.
Mortgage customers needs large loans and mortgage collateral value equivalent to the amount of capital to lend. Which can amount to several billions or tens of thousands of billions for doing business needs and trade.
However, consider carefully chosen form for the needs themselves, their ability to repay, and should refer to the information that the loan decision.
Mortgage loans are unsecured loans may be not?
According to a financial expert, in case customers are mortgage loans are temporary loans will not be supported in any further capital forms: unsecured or mortgage. This is prescribed by most banks. For assistance loans, the customer needs to finalize the current loan. Please advise more, if customers are unsecured loans, they may be supported in the form of additional loans unsecured depending on conditions and repayment capacity of the customer.
Why interest rates for unsecured consumer loans higher than the mortgage loan?
Unsecured consumer lending is a lending operation based on personal charisma can evaluate a commercial credit institutions for a customer without having to mortgage the property. On the original, unsecured consumer loans are managed in accordance with the regulations has been given row. However in terms of interest rates, the state banks not subject to the ceiling lending interest rate as for other operations that are based on the agreement between the bank and the borrower.
On the level of risk, mortgages and unsecured loans have different risk levels, so does the interest rate can not be the same.
