Achieving medals and titles in the world’s sporting arena is not within the reach of everyone. But watching the athletes perform in Tokyo can be extremely motivational to achieve personal bests in spheres that are within reach. Achieving goals and objectives in the area of personal finance can be extremely rewarding both over the short term of the loan itself and beyond, over a longer term. And goals can be realistically achievable for many individuals. If you have an objective to purchase a new car, boat, caravan or motorbike with a personal loan, taking direction from how athletes achieve PBs may inspire and guide you to your personal best outcome.
One of the key take-outs is the way athletes surround themselves with a team of experts, specialists, coaches and mentors to guide, advise and direct them. As specialists in the sphere of personal loans and business finance, we have the expertise, experience and the resources to assist both individuals and businesses achieve better loans.
Fitness is key to athletes and financial fitness is also important to achieving a PB loan. Financial fitness essentially means having a good credit profile. Lenders refer to credit scores and profiles to determine their risk assessment of each individual applicant. A good credit score is achieved through making payments on time and avoiding missed payments and other red flags.
Anyone that has borrowed money, taken out a credit card or has an account with a telco or other utilities provider will have a credit profile. Information about payment history is reported to credit reporting agencies and from that information a credit score is calculated.
Individuals can access their credit report through these agencies and can take steps to fix any errors or negative entries according to a set process. Most importantly, individuals should pay attention to payment schedules and due dates to maintain a good credit score.
If payments can’t be met by the due date as a result of financial stress or other issues, contact should be made with the organisation and options discussed.
A good credit score will contribute significantly to achieving the best interest rate on a loan.
Utilising the Experts
Your Jade consultant is not just your coach and loan mentor but actually does most of the hard work in securing the loan on your behalf. Taking much of that pain out of the gain. Approaching the task of getting the best loan possible on your own can be confusing and extremely time-consuming for starters. Add to that the complication of multiple loan applications having a negative impact on credit scores.
Our services allow you to simply brief your consultant as to your requirements and provide the necessary information and documents required to complete the application form. From that point, our consultants handle the sourcing of the best loan quote, negotiating the cheapest interest rate and assisting with settlement.
Know the Competition
To achieve the best loan you need to know what is on the market. We’ve taken the hard work out of checking out what’s on the loan market by compiling our Lender Comparison Chart and Calculator. It lists a number of banks and non-bank lenders that are active in our lending categories.
Loan products and interest rates may vary across categories – boats, caravans, motorbikes and cars, and across lenders. Refer to the calculator in the goods category you are considering to see the most relevant and current information.
Focus on the Ultimate Goal
Staying focussed on the goal is critical. Keep eyes on the prize and don’t be diverted by the temptation of what may appear ‘easy’ loans. Loans that are offered by the dealer at the place of purchasing or by lenders that offer 0% loans. Many sellers/dealers in the motor vehicle and other sectors have associations with finance companies so they can sign up their customers for finance at the time of purchase. It gives the seller a better chance of getting the sale because the buyer does not have to leave the premises to arrange finance.
Convenient for buyers, yes. But is it the cheapest and best loan offer you could source? Refer to our calculator or give us a call for a quote so you can fairly compare and make an informed decision.
As for 0% interest rate loans, as do many finance specialists we see these as promotional strategies. Many offer the promotional rate only for short time after which a much higher, often exorbitant rate applies. Higher fees and charges can also apply. The basic advice, buyer beware.
The Podium Finish
After setting goals and sticking to the game plan, it’s time to talk to Jade Finance about sourcing the best loan for your new car, motorbike, caravan or boat. Our Secured Personal Loans are available across all these categories and are individually sourced and tailored to suit our individual customer requirements.
It may be free to dream but with a cheap interest rate Jade Finance loans, achieving a PB in reality can be very affordable.
To discuss both business and consumer finance contact Jade Finance 1300 000 008
DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.