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Interest Rate Trap: Avoid Pitfalls When Choosing Loans
Posted on Apr 02, 2023 by Find That Finance
Do not fall for the Interest Rate TRAP!
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Do not fall for the Interest Rate TRAP! Many loan seekers tend to focus solely on the interest rate when selecting a loan option, but little do they know that the interest rate is just a fraction of the total repayment amount. There are several factors to consider when deciding the interest rate, which can save you big bucks in the long run.
Factors such as the term of the loan, the amount being borrowed, the type of loan, lender fees and charges, employment history, living arrangement, homeownership status, age of the goods, and credit history all play a significant role in the interest rate calculation. Yes, credit history! A better credit score can result in a lower interest rate, and we all want that, don't we?
We at Find That Finance understand that this information can be overwhelming, and that is why we're here to help. As a broker with access to many lenders and numerous lending options with different assessment criteria, we can assist you in finding the right loan option that suits your needs.
Don't just take our word for it - listen to our satisfied borrowers who have found the right loan option through us. From small personal loans to big business loans, we've helped people achieve their goals and dreams. Let us help you too.
It's time to take action and call us on 1300 378 021, visit findthatfinance.com.au, send an enquiry today to receive a free loan eligibility assessment of the rate and repayment that would apply to you. Don't fall for the Interest Rate TRAP; find the right loan option with Find That Finance
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