EFT Capital

Everything you need to know about auto financing: Are you in the market for a new vehicle, but worried about the cost? Auto finance can help! Auto finance offers a variety of ways to help you get the vehicle of your dreams without breaking the bank. Auto finance can make buying a vehicle more affordable. The most common type of auto finance is a car loan. A car loan allows you to borrow the money you need to purchase a vehicle. The loan can be secured through a dealership, bank, or finance company. By choosing a car loan, you can get an affordable payment plan that fits into your budget. No matter what type of vehicle or budget you have, auto finance has options that can help. With the right financial assistance, you can get the vehicle you’ve always wanted without breaking the bank. Why Should You Go for Auto Finance? In today's tight economy, purchasing a car with cash may not be an option for everyone. You may not have enough money saved and you may not be able to get financing ...

  Loan Repayment Calculator Introduction When it comes to borrowing money, it is important to understand exactly how much you need to pay to meet your repayment obligations. This is why loan repayment calculators are so important. A loan repayment calculator is a tool used to work out the amount of money a person has to pay back to make sure they meet their loan obligations on time. It takes into account the amount borrowed, the interest rate, and the term of the loan, and then calculates the amount that needs to be paid back each month. It is an invaluable tool for understanding how much you will owe each month, so you can make sure you can meet your repayment obligations each month. The first step in using a loan repayment calculator is to input the loan amount and the interest rate. This will determine the total cost of the loan, as well as the monthly payments that need to be made. It is important to understand that the interest rate will change throughout the loan, and it is i...

  Introducing PayDay Loans: A payday loan is a type of relatively small and short-term personal loan often granted when a borrower needs cash before their salary payment day. Being a high-interest loan product, a Payday loan provides an unsecured cash advance, usually to be paid back with the borrower’s next paycheck. A payday loan is usually sought by people who are in immediate need of cash and are unable to source it quickly – like when they lend in a financial emergency, such as facing a medical bill, car repair, or house repair cost. On the flip side, a Payday loan is also sought by people who cannot access credit quickly due to their bad credit score or require urgent cash after exhausting their credit card limit. Payday loans are fast and convenient but they come with a high cost associated with them and can leave the borrowers in a vicious cycle of debt if not managed properly. That is why it is important to understand the entire structure of this type of loan and explore o...

  Secured vs Unsecured loans  Introduction      Two of the main types of loans that we can take out are secured and unsecured loans. Knowing the difference between these two loan types, as well as when it is best to use one over the other can help determine the right loan option for any given situation. In this blog, we'll take a closer look at the differences between secured and unsecured loans, explain when each type is best used, and provide an overview of their pros and cons.     What is a Secured Loan?     A secured loan, also known as a collateral loan, is a loan for which the borrower pledges some asset as collateral or security for the loan. These assets serve as security for the lender in case the borrower fails to make the payments, or if the loan goes into default. If a borrower defaults on a secured loan, then the lender can take ownership of the collateral to repay the loan.    Common collateral used in secured loa...