What are the advantages of a Personal Loan?
Personal Loans offer advantages over programs such as home equity lines of credit in that you only receive the amount of cash you need and the payments are fixed over time. Of course you can pay additional principal at any time, with no penalty. These personal loans are unsecured, which means the loan is not backed by collateral. Such factors as the individual’s credit rating and income are considered when determining the eligibility for the loan. With a personal loan, you gain the following advantages: • You receive the entire loan amount at once. • The payment of your funds with a cheque. • Interest and principal are set up in fixed monthly payments. • There is no principal prepay penalty – you may pay additional principal at any time during the term of the loan. We serve Nova Scotia from cities such as Halifax and Sydney. We invite you to visit us, or apply online to see how you may qualify for a personal loan from Wells Fargo Financial Corporation Canada.
