The world of loans can be a daunting place, what with all the jargon and technical terms that are thrown at you from every angle at the mere enquiry about taking out a loan. We here at LoansMag understand the difficulties some might have, and want to make things easier. Our glossary is an excellent place to start: we run through all the main terms, and have even linked these definitions to our articles. So, if you come across a word you don’t understand, simply head over to the glossary and learn what it means for yourself! If however, you wish for information that is more digestible, check out this small infographic we have created that runs through an alphabet of terms associated with personal loans.
In this short A-to-Z of personal loans, you will find a range of different specific terms. Ever wondered how accrued interest differs from the interest rate? Well, look no further. Unsure what the acronym KBA stands for? Check it out below. Still unsure of the difference between secured debt and unsecured debt? All will be revealed in this simple infographic, designed to teach the even the most inexperienced loan applicants all about the world of personal loans.
We at LoansMag believe that preparation is everything when applying for your loan, and this short infographic has been created to ensure that you are armed with the knowledge required. There is always the risk, when approaching a lender of other financial institution about taking out a loan, that you will leave yourself open and get taken advantage of. Certain lenders prey on the uninitiated, so be careful. With this infographic, you will be able to prepare yourself for the process and ensure you don’t get taken for a ride.
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