Top Types Of Personal Loans

Someone filling out personal loan application

29 Mar Top Types Of Personal Loans

Sometimes things happen and you need cash in a hurry. Like urgent repairs to your car when it breaks down. An emergency medical treatment. Or a home renovation project that simply can’t wait. Personal loans are ideal for any of these situations. They can be used for just about any purpose.

What’s more, depending on your needs and financial situation, personal loans through Max Loans can be in the form of either secured loans or unsecured loans, meaning we will have an option that suits you whether you provide collateral for the loan or not. And personal loans are generally less expensive than credit cards, which means they’re a good option if you need to consolidate high interest debt to a lower interest rate, so you can save money on interest costs and potentially get debt-free faster.

At Max Loans, we work with a panel of lenders to provide advice around all types of personal loans. From bad credit loans, car loans, emergency loans and debt consolidation loans, right through to holiday loans, home improvement loans and wedding loans. Read on to find out which personal loan would suit you best.

Bad Credit Loans

We know it can be hard applying for credit with a history of late repayments, missed repayments, or defaults on your credit report. But we believe that everyone deserves a second chance. That’s why Max Loans has been helping customers with bad credit scores, secure bad credit loans that actually help boost their credit profile back to health. Because paying off a loan is one of the best ways to improve your credit score.

Car Loans

Buying a new car – or a new-to-you car? With pre-approved car loans in place, not only will you have a clear idea of your budget up front – so you’re not wasting time looking at cars you really can’t afford – you’ll also have more negotiating power when it comes to dealing with owners or car dealers. And, by working with Max Loans, you’re assured of getting the right car loan, with competitive interest rates and terms to fit your budget and financial position.

Classic Car Loans

As a classic car enthusiast or classic car collector, you’ll already know that finding classic car loans can be challenging. Most financial institutions are unwilling to provide lending for older cars. At Max Loans, we understand that buying a classic car is an investment. And we know the value that you get from classic, vintage, performance or muscle cars. That’s why we provide lending advice for classic car loans that can help you get the classic car of your dreams.

Debt Consolidation Loans

One of the most common reasons for applying for personal loans is to consolidate debt. With a debt consolidation loan, you take out a new loan to wrap all your existing debts and pay them off at once – usually at a lower overall interest rate.

Consolidating debt can make it easier to manage repayments without the overwhelm of multiple debt repayments. What’s more, depending on your financial situation and needs, a debt consolidation loan can be spread over a longer period – so the weekly or monthly payments are smaller.

Emergency Loans

A sudden emergency can leave a frightening hole in your budget. Unexpected medical bills, a family member’s funeral, or an unplanned dental treatment. These are just a few of the instances where a personal loan could provide much-needed financial relief in an emergency situation. When unexpected bills arise, and you’re not sure how you’re going to pay for them, consider an emergency loan. With a simple and fast application process, you could have access to emergency loans quickly, so you’re not left trying to cover unexpected expenses or face the stress of not being able to pay for them.

Holiday Loans

Everyone deserves a holiday, and so do you. Whether you need a holiday break to relax and unwind from the stress of daily life or want to take the kids for a family trip, we are here to assist with a holiday loan to help bring your plans into reality. With holiday loans, you get to celebrate that special anniversary, graduation, honeymoon or family adventure without having to wait until you’ve saved up enough. Holiday loans can be used to cover all holiday related expenses – like flights, accommodation, and entertainment. So go on, make that once in a lifetime trip or dream vacation a reality.

Home Improvement Loans

Whether you need cash in a hurry for a necessary repair – like fixing the plumbing or faulty wiring – or an upgrade to your home – like a new pool or an extra bedroom – home improvement loans are ideal if you don’t have equity in your home or you don’t want to go through the hassle of refinancing your mortgage. Home improvement loans through us can be in the form of either secured loans or unsecured loans. With this type of personal loan, funds are available quickly, and there’s no need to provide valuations or quotes for the work you’re doing. Get those home improvement projects or upgrades to your home done quickly and cost effectively.

Wedding Loans

The cost of a wedding can quickly add up when you consider things like the venue, dress, catering, photography and flowers. And those are just a few of the expenses you’ll likely have to pay for! Wedding loans can be used to pay for big-ticket items – like the venue and catering – or the smaller items like flowers and the cake. In fact, wedding loans can be used to pay for just about anything wedding-related, even the wedding rings. So don’t put your dream wedding on hold just because of the cost. With wedding loans, you can finance your dream wedding without dipping into your savings.

A personal loan for whatever you need

When used wisely, personal loans can help fill a gap in your budget without compromising the lifestyle you deserve. And if you’re facing a bad credit situation, paying off personal loans can actually help improve your credit score.

Personal loans offer flexibility and versatility, and with lower interest rates than most credit cards, personal loans can be more cost effective and easier to manage than high interest debt.

As one of the leading Personal Lending Advisory companies in New Zealand, Max Loans has access to a wide variety of lenders, which means we can source some of the most competitive personal loans NZ wide. To find out more about personal loans or to see which personal loan would fit your situation, simply get in touch with our team today.

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