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Comparing Personal Loans and Lines of Credit

​There are various reasons why you may need to borrow money. Whether you’re looking to renovate your property, consolidate high interest debt or to purchase an asset, it’s always important to find the right funding option.

What type of Lending is good for me?

Credit Lines if you would like:

  • Access the funds on an ongoing basis

  • Flexible funding for your home renovations, vehicle purchases, dailyspending and even consolidating your higher interest debt

  • To pay the interest on what you borrow, not on full amount

  • Competitive interest rates starting from Prime + 1%

  • Pay off all or part of the balance at any time without penalty

Business Credit Lines/Loans:

  • Requirements Based on Asset and Revenues instead of Income

  • Easy and Fast Approvals

  • Cover Operating Expenses

  • Working Capital Line of Credits for on-going business expenses

  • Business Loans for big purchases

  • Equipment financing

  • Asset Based Lending

  • Sales Lease Back

Personal Loans if you would like:

If you would like funding for a large, one-time purchase with the option of a fixed or variable interest rate, a personal loan may be the right option for you. Features of a personal loan include:
• Type of disbursement: Lump Sum Funding
• Interest rates: Fixed or Variable
• Loan amount: You have to borrow at least $2,000 with a personal loan
The maximum you can borrow will depend on your credit score and other various
factors.
• Repayment options: Choose from weekly, bi-weekly, semi-monthly and
monthly payments. Your payments will be a combination of principal and interest
• Secured or unsecured: Secured loans are backed by your collateral either by property or investments, resulting in a higher borrowing amount and
lower interest rate, whereas with unsecured loans they typically have a faster
approval process. Learn more about secured and unsecured personal loans

Benefits

Security Required

Lending Range

UNSECURED

• Get access to credit with a quick approval process
• Ongoing access to funds for everyday purchases

NO

$5000 AND UP

SECURED

• Lower interest rate on credit secured by your home or other assets.
• Ongoing access to funds for larger purchases, debt consolidation or home renovations

YES

$10,000 AND UP

Rate

VARIABLE

VARIABLE

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VIP Loans & Mortgage

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VIP Loans and Mortgage. is a Dubai firm based , Dubai offering all types of financial services. We are a unique organization that prides on giving our customers world class service in the financial industry.

Contact Details

 API Trio Tower, Floor 37 Al Barsha -1- Dubai​

Vipceo786@gmail.com

+971586804188

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