If you are looking at borrowing money to purchase a car, boat, renovations or anything else, we have a range of personal loans. We can help you identify a lender that is flexible and competitive, and simplify the application process for you.
There are two types of personal loans: secured and unsecured. A secured loan means that the bank uses the asset (for example, a purchased car) as security for the loan. The advantage to this type of lending is that they will usually offer a lower interest rate on a secured loan.
Personal loans are sometimes even used for renovations and home improvements when there is limited equity in the property. Over time, when the value of the property increases, the personal loan can be consolidated with the home loan to achieve a better rate or improved cash flow.
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