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A beneficial loan is when an employee receives an interest-free (or low interest) loan from his employer as a benefit to having worked there and proven his loyalty to the company. Since this is a company 'perk', it isn't available at every workplace, and the interest rates vary greatly. The beneficial loans are usually used to purchase company shares, not for buying a new luxury vehicle. Again, if one wishes to receive one of these beneficial loans, it is up to the discretion of their employer.
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∙ 10y ago
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Is it very beneficial to use a mortgage loan calculator before applying for a mortgage?
It is beneficial to get an idea of the rate, but it would be more accurate to find out from the loan provider.
Are there penalties for prepaying a bad credit auto loan?
There are no penalties for prepaying a bad credit auto loan. It is beneficial to pay off the loan sooner or on time.
Is a lease or loan easier to roll negative equity into from a trade-in?
leasing is more beneficial.
Where can one find information on refinancing a mortgage loan in Florida?
One can visit Bank Rate for information on how to refinance a mortgage loan in Florida. Refinancing might prove more beneficial in terms of tax, the refinancing can also fluctuate between different time periods.
How can one go about refinancing a vehicle loan?
Firstly, one would need to take stock of their current loan status. Second, a perusal of the available loans within the local area would be beneficial to help determine what options one might take. Thirdly, application for the chosen loan can take varying periods of time depending on the financial institution.
What type of loan allows you to borrow money from your homes equity loan?
A home equity loan allows you to borrow money on a mortgage loan. Though this can be beneficial if your home increases in value over the years, it may also be a risk if your home would decrease in value.
Is taking loan a boon or bane?
Taking out a loan can be either beneficial or harmful, a boon or a bane, depending upon the purpose of the loan. Money spent wisely can make your life better; money spent foolishly can make your life worse.
How can one refinance a loan mortgage rate in the US?
To refinance a loan mortgage rate in the United States, one can visit a bank branch or loan offer. Different parties will offer different terms, but typically you are offered a longer term on your mortgage in exchange for lower payments. This often results in more interest paid at the end of the term, but re-mortgaging can be beneficial to homeowners on a fixed income.
Are wachovia student loans beneficial?
"To start, let me say that all student loans are beneficial as they are allowing someone to obtain an education. Wachovis Loans are beneficial as they provide support throughout the loan process. With a cosignor, applicants may also qualify for lower interest rates."
Where are some places one can find a loan refinancing calculator online?
Deciding which type of loan refinancing calculator you need such as auto loan or mortgage loan will help narrow down the results when looking for an option. Also, major banks online websites such as Chase, Bank of America, or Union Bank, typically provide free loan refinancing calculators. This can be beneficial because once finding an appropriate rate you can usually apply right away on the same site.
Is it the same meaning of credit and loan?
No. A loan utilizes one's credit, but the loan does not define one's credit capability.
Does paying off an auto loan earlier improve one's credit score?
This is a complicated question. It is a yes and no answer but I will try. If this is your only piece of credit then you need to pay on this as long as possible. If you have too much credit and you can pay off the loan early then do so. One last one--if the car loan is with a finance company (beneficial, household, personal finance etc) then pay it off as soon as possible because a finance company on your credit does not help your scores, they hurt your scores!!
