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个人贷款vs. 个人信用额度
If you want to borrow money, you are likely considering multiple options. Say you need funds rather quickly and you aren’t willing to take on credit card debt. If that’s the case, looking into 个人贷款s and 个人信用额度 is a good first step. Each has benefits, but one could be a better fit for your situation.
Continue reading to learn more about choosing between a 个人贷款 vs. 个人信用额度.
什么是个人贷款?
A 个人贷款 钱是从银行或信用合作社借的吗. Typically it is used to fund large expenses like medical bills, 家里装修, 假期, 甚至对于 债务合并 或者对现有贷款进行再融资.
If you don’t have credit to pull from when you need money, you may decide a 个人贷款 is an appropriate way to access funds. Upon approval of your application, your lender will provide immediate funds. Your interest rate and the chance of approval rely on your credit history. 检查 your credit report prior to applying is recommended.
个人贷款通常是无担保的. This means that your lender requires no collateral to borrow money. 然而, if you have poor credit or you don’t meet the qualifications, your lender may ask for you to have a co-signer. If you miss a payment, your co-signer becomes responsible.
The terms of a 个人贷款 can vary from lender to lender. 在十大可靠彩票平台,十大彩票游戏平台提供 loan length terms from 61 days to 84 months. 条款是灵活的,可能会有所不同. 看看十大彩票游戏平台的 低利率 灵活的条款. You can opt for a shorter loan term depending on how much you need to borrow and how long you would like to repay it.
The great thing about 个人贷款s is that same-day approval is often the case when you apply. Money can be granted to you immediately via direct deposit into your credit union account or by check.
If you take out a 个人贷款, paying it back is easy. You will receive a monthly statement that looks just like a credit card bill. You can choose to pay online or visit one of our branches to pay in person.
At San Francisco Federal Credit Union we also offer flexibility, with our skip-a-payment程序. If an emergency arises and you can’t make your payment, 或者你需要一个月的现金储备, 十大彩票游戏平台不会因此对你不利!
什么是个人信用额度?
A personal line of credit gives you “on demand” access to funds.
This type of personal financing is typically arranged in advance of needing the money. If you know in the coming months you will need to pay for a vacation, 修理汽车, 或者支付医药费, 例如, 个人信用额度 is a great option for you.
Flexibility is one of many perks of 个人信用额度. 您可以根据需要提取现金, and the money is available whenever you need it for the duration of your draw period.
Keep in mind that there are risks associated with 个人信用额度. If the terms of your loan include a variable interest rate you may end up with a balloon payment towards the end of your loan term if you only make minimum payments.
在十大可靠彩票平台,十大彩票游戏平台提供 个人信用额度 从7点开始实行低固定利率.00% APR* and we don’t charge interest on unused funds. A bonus of opting for 个人信用额度 is that the interest you pay may be tax-deductible if you use the money for home improvements.
Like 个人贷款s, your payments can be made online or in person, it’s up to you!
个人贷款vs. 个人信用额度: What are The Main Differences?
While both 个人贷款s and 个人信用额度 give you access to money when you need it most, some differences between the two are worth careful consideration.
A 个人贷款 provides you with a lump sum of money and requires fixed monthly payments over your loan term. 另一方面, 个人信用额度 enables you to withdraw cash as needed and repay it over time.
个人贷款vs. personal line of credit interest rates vary as well. The interest on a 个人贷款 will often be lower than a line of credit, although both are dependent on your credit score.
Personal loans are best if you need funds for a one-time expense. A personal line of credit might be a better choice if you need a safety net for unexpected expenses or big purchases and don’t want to dip into your savings or emergency fund.
在个人贷款和. 个人信用额度
When deciding which is right for you, it’s important to weigh the pros and cons of 个人贷款s vs. 个人信用额度. 考虑你的情况, like what you need the money for and how long you’d like to take to repay it.
Have you already decided that a 个人贷款 is best for your situation? 点击下面了解从哪里开始!
*年费率. 对于所有贷款, the actual annual percentage rate is determined at the time a credit decision is rendered and may be higher than the lowest rates available. Credit history, loan terms, and the amount borrowed are all factors that determine the rate. Not all borrowers will qualify for the lowest rate. There are NEVER any prepayment penalties for repaying your loan early. 所有贷款均须经信贷审批. As of the date of this disclosure, the Prime Rate is 3.25%.