Beneficial Loan Application

A beneficial unsecured loan application goes through a 3-step process. The very first thing you should do is provide the necessary information regarding yourself like personal details as well as your financial status. After you have provided these, a representative from the company will contact you for an initial discussion regarding the loan options that you can avail.

When your application is logged, you will be required to discuss it again with the loan account executive in person. The discussion will focus on the best and most appropriate plan for your loan. Once the details are in place, you will now be allowed to make the final application for the beneficial unsecured loan. When the loan gets the necessary approval, you may have an option to directly deposit the amount into your bank account, collect the check at the Beneficial branch, or have the check mailed to your address.

The last step in the application for beneficial loans is carried out after the loan is received. The step involves the proper management of your loan account. You will gain an automatic access on your loan account online once the loan is applied and approved. The service will allow an easy viewing of your loan account as well as avail of the services like requests for electronic statements, scheduling of recurring or rush repayment and automatic debits.

Types of Beneficial loans

These are the types of loan: • Personal Installment Loan. This loan has fixed amount with fixed rate of installment. Provided that the payments are given on schedule, you will be informed on the amount you still owe. • Personal Line of Credit. Through this credit line, you can have the opportunity to borrow varied amounts at different situations and time depending on the needs. However, the interest rate will also vary every time you borrow money. The unsecured beneficial More...

Features and Considerations

There are three primary features in an auto loan. The first feature is the amount of the loan. This amount corresponds to the automobile’s purchase price minus down payment (if any) plus any insurance, fees and taxes that the borrower agrees to add to the loan. The second one is the rate of interest. This rate determines the loan’s eventual cost. The last feature is the schedule of repayment. Auto loans traditionally necessitate monthly payments, which are calculated in order More...

Personal loans and Its Advantage

Beneficial’s personal loans are types of short-term loans given with the most affordable interest rates. It has several advantages such as: • Easy to obtain: House or property appraisal is no longer necessary • Fast: you can get the money within 24 hours in your account. • Smart: the loan is provided with the best low interest rates More...

Description

A private student loan is used for supplementing the scholarships and grants that constitute most of the financial support packages of students. This type of loan is available from both state and federal governments, and private lenders. The private student loan is much similar to a personal loan, if it were not for the fact that it is intended for students. This loan usually imitates the government-managed loan programs that have forbearance options and repayment terms. The purpose of private More...

Basic Student Loan Facts

Students have other financial issues than only paying for tuition and books. In the majority of college and university systems, it is not easy to fulfill the duties of a full-time job which answers for living expenses like groceries, transportation and rent. There are numerous cases in which people can make use of a student loan to pay for living expenses, except when the loan agreements specify otherwise. Using a student loan for one’s living expenses is a highly common More...