What to Look Out For in Loan Agreements

Businesses need to consider a few essential matters when assessing a loan agreement, according to DynamicBusiness.com.au.

Interest rates

Businesses need to understand whether they should opt for a fixed or variable rate and what their repayments are schedules to be. Fixed rate loans provide more certainty but less flexibility with regard to early repayments. Variables rates vary in line with market conditions but offer more flexibility. It’s useful to check the default rate of interest which applies when the loan is in arrears.

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How Can I Get a Business Loan?

Business owners should work with an advisor to determine the right kind of business finance for them, according to business.gov.au.

Line of credit

A line of credit is an amount of finance that is usually secured against property owned by the business owner. This type of loan is particularly flexible and the interest rates are low due to the collateral. On the flipside, business owners can lose their home if they fail to keep up with repayments.

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An Introduction To Personal Loans

Borrowers should thoroughly understand their financial position in order to find the most affordable personal loan for them, according to Yahoo!7.

Why get a personal loan?

Personal loans can be used to consolidate a range of high interest debts into one simple, more affordable monthly payment. Credit cards currently charge between 10-23% interest and a consolidation loan can bring this down significantly. Personal loans can also be used to catch up on bills and pay for personal assets such as cars and household appliances.

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Market Forces Navigate Sea of Turmoil

Debt troubles in the US have cooled the Australian market, with the ASX 200 dipping below 5200, according to the Australian Financial Review.

Shane Oliver, an analyst for AMP, said the trading conditions as very messy. The situation is not being helped by politicians around the world adding to the uncertainty with destabilising rhetoric and policy. Markets in Hong Kong and Japan were also down 1% this week.

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How to cut down few dollars in your company power bill?

With the increasing power prices, many business owners are trying to shift to cost saving methods. Removing carbon tax had no effect on the increasing high power bills.

How are you charged?

Business units require more power than a household. The size of the business and the number of working hours determines the amount of power consumed. The business energy bills separate network charges and other on-cost from the per KW/hour rate. Continue reading