In Horse Tips, News, Personal Finance Tips

Are you wanting to buy a horse float? Are you struggling to decide which type of loan will suit your needs? A chat with iCREDIT Finance will put your mind at ease and we can give you information on the ins and outs of a secured horse float loan. We’ll take care of the financial side, while you look after finding the perfect horse float.

When it comes to horse float loans there are two basic types of loans iCREDIT Finance can source for you. These two basic types are unsecured and secured. When it comes to financing anything, if circumstances allow, it can be better to go with a secured loan.

What is a Secured Horse Float Loan?

A secured loan is a finance option where the person borrowing the money, uses an asset as security for the loan. This asset could be a vehicle or property that you already own or even the horse float you are looking at purchasing. In doing this the money you borrow is now considered to be secured against the asset.

Why is a Secured Horse Float Loan Better Than an Unsecured Horse Float Loan?

An unsecured loan has its own benefits, but there are a few things about secured loans that make them the preferred option among some of our customers. These benefits usually include a lower interest rate.

Make Sure You Are Aware of the Terms and Conditions of Your Secured Horse Float Loan

When you organise a loan with iCREDIT Finance we will walk you through all the fine print, and make sure you understand the terms and conditions. Things to consider when financing a secured loan are if you cannot make the repayments on your horse float loan, the financial institution can repossess the asset to recover money lent to you.

If you have any questions about secured horse float loans, contact our friendly staff. We’re experts in finance, and we’ll help you find the right loan for your needs.

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