Every now and then everyone needs money for some purpose or the other, and for most people there is a need when this happens to have to borrow money, unless their bank balance is very healthy and lifting money out of the account would be no problem for them.
There are some lucky enough to earn a substantial salary that is sufficient to buy all the nice things in life without ever having recourse to needing to borrow money, but such people are few and far between
Human nature being as it is, the majority spend up to the limit of their income, and so even those with enviable salaries need to borrow at certain times.
The man earning 36,000 -45,000 jointly with his wife will live in a semi detached home on a modern estate or a two bedroom terraced villa, drive a Fiat or something along those lines. When he holidays in summer he will go on a package tour to a coastal resort in the Greece.
The person earning 70,000 will have a three or four bedroom detached home, drive a better a car and holiday in hotels. He may also go away on a couple of weekend breaks each year.
Therefore when they want to make a large purchase or pay for the sort of wedding that they have always dreamed about, they need to borrow.
As most people carry on in this way, it means that if something crops up that needs a considerable sum to pay for, they are confronted with the need to obtain funds from some source or the other.
Once it becomes apparent that there is a need to borrow, the next move is to find out the lowest priced way to obtain a loan. There are various ways to borrow such as secured loans, remortgages and unsecured loans.
The best way to find out the best rates for your borrowings is to find a loan calculator.
On the loan calculator you type in the amount that you want to borrow, the number of years for the repayment etc.
When you find a site that you like, look for the loan calculator and type the amount of loan that you want and how many months you want to repay the borrowings.
Remortgage and loan sites almost all have a loan calculator and this will clearly show the repayment.
You can fill in a number or repayment periods and so on until eventually the loan calculator shows a repayment that is affordable to you.