History and Basis of Loan Instalments and Equity Release


Lending and borrowing were initially in progress on an official status in the 17th century. Goldsmiths, back in the olden days were trusted by their customers. The customers handed over their precious gold belongings over to their respective Goldsmiths, who in turn safeguarded the precious items with their heart and soul.

Loans, Lending and Borrowing:

As a consequence, Goldsmiths in an effort to rid themselves of the gold initially started lending the precious treasures to needy and deprived people, who were in a desperate need of income. The Goldsmiths got their money’s worth by devising ways in which they got their money back. They did this by taking the cashback from their underprivileged customers in the form of Installments. Ever since then, the concept of lending, borrowing and payback in instalments began to take shape.

In the 18th century, the rich merchants of Portuguese origin arrived in the UK. These merchants were so rich that even the kings used to borrow money from them. Since then, the idea of lending and borrowing has moulded into some major form of business.

The interest rate is determined by the state bank of any country and varies from bank to bank. Furthermore, the rate of interest that is accompanied by each respective loan differs significantly.

Common Types of Loans:

Listed below, are a few of the most common types of loans present today. Such loans usually require their borrowers to repay the cash in the form of small initial payments known as Installments. The number of instalments could take varying time periods depending on the nature of the loan, the borrower has taken.

Credit cards and
Cash advance loans

All the loans listed above are applied with the rate of interest prevailing. The Mortgages Loans are the most long-lasting loans. Generally, these loans last for more than 10 years.

Payday Loans are criticized for having the highest rate of interest which is nearly 300%. Payday Loans are generally not paid back in instalments, but at one go.

Related Articles:

How to use the UK Loan Calculator
Improve your Credit to get a UK Loan
Different Types of UK Loan Rates

Equity release options for older people

  • RIO M&S Bank
  • Pensioner Mortgage Landmark Mortgages
  • Equity Loan Isle Of Wight And Anglesey UK
  • RIO No Broker Fee in 2020
  • Interest Only Mortgage Holmesdale Building Society
  • Home Equity Loan Age 52
  • RIO Investec Bank
  • Bad Credit Mortgages Greater Manchester
  • Home Equity Loan Foundation Home Loans UK
  • Bad Credit Mortgages Age 54
  • Remortgage Refinancing
  • Equity Loan Fleet Mortgages
  • Refinance Aviva UK
  • Pensioner Mortgage Under 45
  • Refinance Which
  • Pensioner Mortgage Yorkshire Building Society Bs Ybs
  • Pensioner Mortgage Merseyside Liverpool
  • RIO Bower
  • Refinance Properties Valued At Less Than £100000
  • RIO Itl Mortgages
  • Equity Loan Nedbank Private Wealth
  • Refinance New Street Mortgages
  • Stafford Railway
  • Halifax Retirement Home Plan
  • Refinance Marsden Bs UK
  • Refinance St James Place Bank in 2020
  • Remortgage Bad Credit Pensioners Over 65 for 2020
  • Pensioner Mortgage Cynergy Bank in 2020
  • RIO Wimpey No Fines Construction in 2020
  • Remortgage Bad Credit Post Office in 2020
  • Retirement Mortgage West Yorkshire Leeds Bradford for 2020
  • Home Equity Loan Coutts Finance Co for 2020
  • Loughborough Society
  • Vernon
  • Pensioner Mortgage Royal Bank Of Scotland in 2020
  • RIO Teachers Building Society UK
  • Interest Only Mortgage Coventry Building Society UK
  • Equity Loan Hodge UK
  • Remortgage Allied Irish Bank Aib
  • Refinance Monmouthshire Building Society UK
  • Equity Loan Vida Homeloans UK
  • Remortgage Cambridge Building Society UK
  • Bad Credit Mortgages Market Harborough Building Society for 2020
  • RIO Clydesdale Bank UK
  • Remortgage Godiva Mortgages Ltd
  • Remortgage Bad Credit Tax-Free And Estate Planning
  • Home Equity Loan Metro Bank
  • Interest Only Mortgage Zephyr Mortgages
  • Interest Only Lifetime Mortgages Canada Life
  • Refinance Ex Local Authority Flats Or Maisonettes
  • Remortgage Bad Credit Santander Uk
  • Equity Loan West Midlands Birmingham
  • Remortgage Bad Credit Scottish Building Society UK
  • Remortgage Molo Finance UK
  • Refinance Just
  • Remortgage Bad Credit Pepper Money
  • Remortgage Bad Credit In House Under 55
  • RIO Properties Which Are Made Up Of Multiple Titles

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