If you need a personal loan, you likely have many questions. In this case, the right information can be crucial, and, in Savannah, GA, the Coastal Finance Company can address even the toughest queries related to loans and other financial issues. The following information can get you started on your journey towards finding the right personal loan for your needs.

FAQs About Personal Loans

Is a Personal Loan Better Than a Credit Card?

The answer to this question depends on your financial needs. For instance, if you’re looking for a lower interest rate, a credit card can typically provide that, which might work better for you if you’re looking for a smaller amount of money. However, when it comes to larger amounts, loans are typically preferred, as they provide a longer period for repayment.

What Kind of Terms & Rates Are Involved?

When it comes to personal loans, you might be faced with either a fixed or variable interest rate. Terms can also be fixed or variable as well. This means you will have a predetermined amount of time to pay back money owed, as opposed to variable terms, which offer more flexibility in how long you have to pay back a loan.

What Is the Eligibility Criteria?

Loan applicants will usually be evaluated based on things like current debt amounts, credit score, or income. The loan agent will also inquire about how you intend on using the money and if the payments you’ll need to make are doable (this can be assessed in both the short and long term).

Whether you need a small loan or are searching for something substantial in case of an emergency, the Coastal Finance Company is poised and ready to assist you. Speak with an agent in Savannah today by calling (912) 303-9979. If you’d like more information on how to acquire a personal loan, feel free to visit this company online.