Magic Loans

Magic Loans.

The name itself makes you wonder if the lender will just disappear with your money, doesn't it?

This company basically offers 3 types of loans:-
(a) Homeowner Loans - For new homebuyers or for existing homeowners who can use the money towards the refurbishment/improvement of their houses;
(b) Consolidation Loans - To pay off those outstanding repayments and high interest credit card bills; and
(c) Secured Loans - For those miscelleaneous purposes like buying a new car, taking that dream holiday or financing something very special, such as a family wedding or similar special celebration.

At the prevailing interest rate of 10.9% per annum, I think you can get a better deal elsewhere.

My advise? Caveat Emptor.