The types of loans offered by Shari Finances, differ from one another by the terms of the loans.
Learning the differences between the various types of loans can help you evaluate your lending needs and weigh your options—you’ll have a better understanding of which loan will best suit your needs and how to evaluate the terms offered by various lenders. There are many different types of consumer loans. Some of the most common include
Personal loans:
These are loans for which you don't have to provide a security such as a home or asset. You borrow a lump sum and pay it back in fixed instalments over a set period of time.
These loans are typically unsecured, which means you don't have to provide any collateral. All come with terms, including -
- The number of months or years you have to repay the loan.
- The interest rate, which is what we charges you to finances the loan.
- The monthly payment.
Mortgage loan
One of the most common types on loan around, a mortgage is designed to help you buy land and property. Whether you’re a first time buyer or up-sizing to a bigger home, the chances are you may not have the funds you need to buy a property outright and that is where a mortgage comes in.
Business loan
Shari Finances provides business owners (Big or Small Scale) with access to a range of loan products to help fund their businesses.
House loan
Shari Finances provides desired home owners the opportuinty of becoming house owners. If you want to buy a new home or re-finance your current home, we offer outright purchase and home-owner loans also known as equity release home loans.
Student loan
Tuition fee loan or student loan is loan available to students in schools to enable them have the proper eductaion they desire.
Vehicle loan
Want to change your current ride or get a new car, Car loan or vehicle loan is available to you.
Guarantor loan
Like any other loan, you make monthly repayments. But if ever you can't pay what's due, a relative or friend (your Guarantor) steps in. They've personally agreed, up front, to pay any loan instalments you miss.
Because they've promised to be your 'Guarantor', we're happy to look at lending to you in your own name.
This may also help build your credit history, provided you make the monthly repayments in full and on time.
