Guide To Borrowing Money | Loan Options | Provident

Taking out a loan can be intimidating, but it doesn't need to be. This page has answers to the most common questions about borrowing money, interest rates and more.

borrowing money

can i get a cash loan if im unemployed

Read...

can i get a cash loan if im unemployed

Being out of work is tough on your finances so it’s important to manage your money carefully to ensure that you can cover all your regular expenses. However, sometimes no matter how carefully you plan, unexpected expenses can crop up which may mean that you need a little extra cash.

Read ...

can i apply for more than one loan at a time

Read...

can i apply for more than one loan at a time

With most lenders you can't apply for more than one loan at a time, but it’s a different story when it comes to putting in requests with different lenders.

Read ...

whats the difference between a loan company and a broker

Read...

whats the difference between a loan company and a broker

A broker doesn’t actually lend you money, but shops around to find a loan company known as a ‘lender’ that is willing to lend to you.

Read ...

what is an affordability assessment

Read...

what is an affordability assessment

An affordability assessment is the process which lenders complete to establish if you can afford to repay the loan repayments over the term of the loan.

Read ...

what different types of loans are there

Read...

what different types of loans are there

There are only a few types of loan that people are likely to want to apply for. Broadly speaking, there are loads of kinds, from secured to unsecured, long to short, business to personal...

Read ...

what does it mean to consolidate loans

Read...

what does it mean to consolidate loans

Combining a lot of smaller loans into one big one could save you money, but may also be risky. Consolidating a loan basically means taking out a loan from one creditor to pay off existing debts from many creditors.

Read ...

how do interest rates work

Read...

how do interest rates work

Understand what interest is, why you pay it and why some rates are higher than others. Here, we describe how interest rates work and what they mean for your loan.

Read ...

a guide to unsecured personal loans

Read...

a guide to unsecured personal loans

An unsecured personal loan is exactly what it sounds like – money a person borrows which they haven’t secured against something they own, such as a car, to guarantee that the lender will get their money back should the customer not be able to afford to make the repayments.

Read ...

a guide to the types of loan repayment schedules

Read...

a guide to the types of loan repayment schedules

You’ll find there are differences in repayment schedules, not only between the type of loans but in the companies that supply them. Each lender might do things differently, while the same applies to banks.

Read ...

jargon buster borrowing money

Read...

jargon buster borrowing money

To really get to grips with how borrowing money works, it’s good to start with understanding all the phrases used. Borrowing can be complex, but should be made much simpler with this word list.

Read ...