Ric Flair Finance


Different Uses For Personal Loans

Different Uses For Personal Loans

Personal loans can be used for anything, but they are usually used to consolidate debt.

Here is a look at different uses for your personal loan that you may not have thought of.

Make It Green

personal loan


You can use a personal loan to make your home more environmentally friendly. These types of home renovations can actually help you to save money in the long term, improve the energy efficiency of your home and also reduces your carbon footprint, making your home better for the environment.


Weddings can cost a lot of money and many people will turn to credit cards to help cover these costs. However, credit cards have a high interest rate and a personal loan might be a better choice to cover these expenses.


If you have yet to create a line of credit for your business and you need to start from scratch, then you may want to think about taking a personal loan that will help to get things moving.


Vacations can be expensive especially if you are flying to your destination and even more so if the whole family are going on holiday. You can use a personal loan to pay for this and using some money saving tips you can make the loan go even further.

A Major Purchase

If you need to buy something that doesn’t fit into your monthly budget like an appliance, furniture and other such things then you can save up for the item, but you could also finance these purchases with a personal loan.

Medical Expenses

Even if you have medical insurance, it might not cover everything and if you don’t have insurance then you will need to pay the full medical bill. Instead of leaving your medical bills unpaid, you can pay them through the use of a personal loan.

Home Improvements

Making home improvements or renovations can cost quite a bit of money and few of us will have this type of cash saved up. You can pay for the costs of home improvements with a personal loan.

A personal loan can be used for anything that you want, as you are not restricted like with other loans. A personal loan should only be taken though if you are able to make the monthly repayments.


Top Reasons to Finance Your Home Remodeling or Repair Project

Top Reasons to Finance Your Home Remodeling or Repair Project

If there is an unexpected repair in your home or you are planning a remodeling project then you probably don’t have the cash in hand to cover these costs.



There are a number of ways that you can pay for your home project without having to use a credit card or incur the expenses associated with a home equity loan.

You are able to finance your project through the use of an unsecured installment loan.

Here is why you should consider finance to pay for your home remodeling or repair project according to enerbank.com.

You Can Get The Money You Need

If your home project is going to cost quite a bit of money then an unsecured installment loan is the best choice. These loans will offer you higher amounts than your credit card so you are able to get the money you need so that the project can be done right.

You should always allocate more money than what you have budgeted for so that any unexpected expense out of budget can be covered. Look at adding 10% for any surprises and another 20% for any unforeseen fees or labor.

No Payment and No Interest Options

There are a number of banks that offer same as cash loans, which have no payment and no interest payment options. These will defer payments and interest for a set period of time.

These can create a great financial bridge if you are expecting a financial windfall in the future like a bonus or an income tax refund.

Simplify Decision Making

If your credit is good then you can increase your buying power through the use of an unsecured installment loan.

You are able to get the most value from being approved for an unsecured loan and you are able to make decisions based on what you want.

Quick and Easy Qualification

It is quick and easy to apply for an unsecured installment loan. Unsecured installment loans do not need collateral in order to get them and you can compare loans and get the best one for your needs.

Reduce Closing Costs

An unsecured loan usually has no closing costs or fees for processing so you will get the entire amount that you applied for.

Taking an unsecured loan to improve your home is a great way to finance any project that you may have. You will be able to start the project right away and add value to your home.