Syndicate Finance Advice to Consumer Finance Complaints

With the great demand for a lifestyle and having resources to one's disposal, it has become a common trend to take loans and buy consumables right from homes to phones. The facility of getting loans from banks or private institutions for being able to buy commodities is known as consumer finance. While the option may seem like the most convenient and lucrative option, the truth is that it is a good option only when the fine print and the conditions are properly researched and understood. If it is difficult for an individual to understand the nuances and details of any part of a loan proceeding, it is important for them to involve experts or research with Syndicate Finance to make more conscious and informed decisions. 

 

One of the most common problem that people face in consumer finance transactions is the amount of interest that one has to pay. For different duration of loans, one has to pay a different rate of interest and it eventually affects the total amount payable. When finances are worked out and one knows how much he or she can spend at a time, it becomes easier to choose the repayment option and in the process, also work on lowering the rates of interest for the loan. Another issue that consumers face with the consumer loans is the fee amount that they are compelled to pay for the processing of the loan. A processing fee is waived off by a number of loan providers while others charge a certain percentage of the commodity value as processing fees. With the choice of the right finance provider, one may be able to resolve the problem and also save up sum money. Syndicate Finance  also advice on the pre-payment of a consumer loan. When a borrower thinks he or she can make the payment without having to wait for the due date, the choice of the finance makes a great difference. It should be left on the payer to decide when and how they want to make the payment, instead of them having to pay a surcharge for paying up sooner. 

 

Taking loans for consumer products is no big deal and it is hardly difficult for people to obtain the loans, however taking the loan from the right resource and making sure that the payer is not giving away too much in EMIs, is where the real challenge lies.

Syndicate Finance
Add: 428, Rawal Bldg.No.1, 1st Floor, Opp. Indusland Bank, D.B.Marg, (Lamington Rd.),MUMBAI-400 004.
Ph No: 91-22-2388 0634