Finance & Investments

Managing money for seniors isn’t simple. With high living costs and healthcare bills, they need to boost their income fast. One promising option is dividend-paying stocks! They’re turning heads as potential profit makers.

For those thinking about moving into assisted living communities, the call for more cash gets louder due to elevated expenses. But can these dividend-paying stocks really help balance out rising costs? Let’s dive deeper and figure it out.

Understanding Dividend-Paying Stocks

Dividend-paying stocks come from firms that give some of their earnings back to holders as dividends. They usually do this regularly, like every quarter. You can find these stocks in all sectors – big tech companies and old-school utilities alike!

Investors generally pick them for the income they provide and any price increase prospects. So, what’s cool about these? They play two roles in your portfolio: potential growth opportunity and a stable cash flow source.

The Advantages of Dividend-Paying Stocks for Seniors

Dividend-paying stocks offer seniors a steady cash flow, which is useful. Once they stop working, many find their usual pensions or savings don’t go as far as expected.

That’s where these dividend-payers step in – providing consistent dough! Plus, you can reinvest this money into buying more shares for that sweet compounding effect over time. It’s like making your income doing push-ups!

Companies known to pay dividends are viewed as solid players. So investing with them gives not only an incoming cash stream but also the potential growth value of the initial investment itself! It sounds pretty win-win all around when thinking about financial stability during retirement.

Risks Associated With Dividend Stocks

Like any money-making move, dividend-paying stocks come with risks of their own. If a company hits rocky financial terrain, it might cut back or stop dividends entirely. Stock prices can also yo-yo about causing potential losses to your original investment.

Seniors need extra caution here – they usually don’t have the luxury of time when investing! So to shield from these pitfalls, having an assorted mix in your portfolio is critical. Think of eggs and how you wouldn’t want all of them chilling in one basket!

This way, even if one firm bombs big-time on performance charts, it won’t cause seismic shocks for seniors’ whole financial well-being but just some manageable ripples instead.

Balancing the Potential With Practical Needs

Dividend-paying stocks can seem pretty tempting, but they’re not for everyone. Seniors need to think about the perks versus their own needs – like if quick cash is crucial, then dabbling in stocks may be a bad call.

A chat with a financial advisor could be beneficial here. It’s like having your personal GPS guiding you through these choices! They make sure any investment aligns perfectly with seniors’ bigger financial plans and ambitions.

Conclusion

Dividend-paying stocks can be a game-changer for seniors facing higher living costs. But don’t sprint into it blindfolded! With the correct plan of action, these stocks could become your money-making magic tool. Still, you need to get crystal clear on all pros and cons before deciding. After all, knowledge is power when making financial choices!

 

Implementation of global payouts is becoming increasingly widespread as markets globalize, and more and more businesses scale up and offer their products and services not only locally but also internationally. Configuring convenient payment methods is crucial for their competitiveness, regardless of the field of activity. Finance, e-commerce, education services, software development — all these areas require setting up the acceptance and execution of global payouts in the most convenient way, and that’s exactly what the Fondy service offers its users.

It is a payment gateway that consolidates all financial flows into one system, providing detailed analytics, reporting, and a full range of tools necessary for fast and seamless operations.

Why do global payment systems replace traditional payment methods?

The secret lies in a few aspects:

• Speed of transactions;
• Convenience in managing financial flows;
• Absence of hidden fees;
• Security and protection of financial and personal information.

Because of these factors, more and more businesses rely less on traditional bank transfers and move towards using gateways for each global payout they receive or make. Moreover, such a system allows for working with bank cards, electronic payment systems, and e-wallets — everything necessary is gathered in one financial management tool. Additionally, access and roles can be configured for various company employees. Thus, businesses receive an efficient solution that streamlines processes and enables working with partners and customers from all around the world without any obstacles. Furthermore, the fondy.io service is constantly improving and offering even higher-quality services, aiming to enhance the user experience.

With Fondy, you can automate the acceptance and execution of payments, set up a convenient payment system on your website, and ensure the speed and security of transactions for your business and counterparts. By utilizing this solution, you will experience increased conversion rates, reduced cart abandonment, higher customer satisfaction, simplified accounting, tax payments, payroll processing, and more.

Benefits of global payouts with Fondy

Fondy acts as a global platform, bringing together all participants in the system and allowing them to work as if borders between countries did not exist. Both individuals and legal entities can benefit from several key advantages:

• Swift execution of each global payout. This means you no longer need to wait up to 10 business days for payments to reach the other party and then receive a confirmation to proceed with subsequent operations as per your agreements. Now, all processes are reduced to a few minutes, and this is truly a revolutionary achievement. You can pay for goods or services, establish effective partnerships, and compete in the market, or simply enjoy the incredible speed of payments.
• Low commissions. It is another reason to conduct global payouts through this system. You do not overpay for currency conversion, hidden fees, or anything printed in fine print. All conditions and pricing are transparent, accessible, and advantageous.
• You can make global payouts in any local currency, and your counterparts will receive the money in the currency they need. No need for additional exchange operations and overpayments.
• Whether you make global payouts regularly or occasionally, you can automate these processes: they can be either mass payments (such as salary payments or payouts to contractors for specific services) or individual global payouts.

By taking advantage of these and other benefits, you have the opportunity to manage personal or corporate financial affairs in just a few mouse clicks. You get maximum convenience and benefits, access to a full range of useful options and tools, and can act faster and more efficiently than your competitors or those who have not yet heard about Fondy.

 

Are you thinking of investing in the Hong Kong stock market? If so, it’s essential to understand the distinction between forex and futures trading, as they are two of the most popular types of investments. Both provide different advantages and disadvantages for traders who wish to engage in them, so it’s critical to know these differences before moving.

In this article, we’ll discuss how forex and futures trading differ from one another in terms of their risk-return characteristics, what strategies work best with each type of investment portfolio, advantages and disadvantages that come along with each option, as well as specific regulations for traders engaging in these activities within Hong Kong.

Understanding the basics of forex and futures trading in HK

Learning to trade foreign exchange (forex) and futures in Hong Kong is becoming increasingly popular among investors. Although it can be a challenging activity with considerably higher risks than day trading, the potential returns on investment can make the trade attractive. Understanding the fundamentals of forex and futures trading is essential before diving into this fascinating world of money management.

With diligent practice and knowledge, one can understand the trends in advance for successful trades. Spend time researching the fundamentals correctly to get informed appropriately, as forex and futures trading is no walk in the park.

Exploring the advantages of forex trading over futures trading

Forex trading has several advantages over futures trading. Firstly, entering and exiting a trade in the forex markets is generally more accessible than in the futures market. It means that traders can easily take advantage of short-term opportunities due to the market movements, which are hard to capitalise on while investing in futures contracts.

Secondly, forex markets offer greater leverage than other markets where traders have access to more capital with less money outlay initially. Lastly, forex markets remain open 24 hours a day from Monday-Friday, enabling traders worldwide to participate without having to be restricted by location or time zone differences.

Leverage and risk management strategies for forex vs futures trading

For futures traders, leverage and risk management strategies should be employed to maximise potential returns on investment. Leveraging requires using margin accounts, which allows for a higher level of return without having to invest more money upfront. However, this also comes with more significant risks, so the appropriate stop-loss orders must be set in place to minimise potential losses.

Regarding forex trading, there are three main risk management strategies: position sizing, money management and using protective stops. Position sizing involves spreading investments across different currency pairs or taking smaller trades rather than placing large amounts into one currency pair. Money management refers to setting the maximum amount of capital you will invest in each trade, while protective stops refer to the use of stop-loss orders that will limit your losses in case the market moves against you.

Analysing market conditions when deciding which is suitable for you

Forex and futures trading both have their advantages and disadvantages. When it comes to deciding which one is right for you, it is crucial to consider the market conditions in Hong Kong as well as your level of risk tolerance.

For example, suppose you are a less experienced trader with lower capital who wishes to gain exposure in different markets without taking on too much risk. Forex trading is best suited for you. On the other hand, if you want access to more advanced features such as margin accounts or options contracts, then futures trading may be better for you.

Ultimately, the decision between forex vs futures trading should come down to what works best based on your individual goals and preferences. It’s also important to remember that the best way to ensure success is to be informed and practice before investing real money. With the proper research and dedication, you should be able to make sound decisions when investing in Hong Kong’s financial markets.

Tips for succeeding in either type of trading

No matter what type of trader you are, specific tips can help ensure success in either forex or futures trading. Firstly, it is vital to stay informed and develop an understanding of the fundamentals behind the markets before making any trades. It means having a basic knowledge of the different currency pairs, commodities, indices and other instruments available for trading.

It is also essential to keep up-to-date with news and market sentiment, as these factors can significantly impact the price movements of financial instruments. Additionally, traders should always use risk management strategies such as position sizing and protective stops to protect their capital. Lastly, practice makes perfect, so it is crucial to backtest strategies using virtual/demo accounts before deploying them with real money.

 

Gold is the foundation of wealth, and every nation has a reserve of gold bullion, which supports their economy. There are several systems to verify the purity of gold and the most popular is the karat system. Gold is measured using 24 karats, with zero karats meaning no gold, while 24 karats are pure gold.

Gold Jewellery

Take jewellery as an example, most gold jewellery is not made from pure gold (24k), rather it might be 9k (9 parts gold, 15 parts an alloy metal), or 18k (18 parts gold, 6 parts an alloy), while 14k is also used for making jewellery. In Asian countries, all jewellery is 24k gold, which is soft and malleable. You can walk into any gold shop and sell your 24k gold for the current spot price. Every piece of gold jewellery should have a hallmark stamp to indicate the purity of the gold used.

Gold Coins

Well-known gold coins such as the Australian Kangaroo, American Eagle, American Buffalo and Canadian Maple Leaf are minted with 24k gold (999.9). Many private investors like to have gold coins as part of their portfolio, as they can easily be liquidated into fiat currency. Gold coins come in different weights and rather than using the karat system, these gold coins are 999.9 pure, while there are gold coins with a purity of 91.67, such as the Krugerrand. If you would like to acquire gold coins as part of your investment portfolio, start by searching with Google for an established gold bullion dealer with offices in your area.

Gold Bullion

Gold bars and ingots are 999.9 pure and that is across the board. Do not buy any gold bullion that does not have the 999.9 stamps. If you want to be sure of the purity and you are located in Australia, you can buy a gold bar Brisbane dealers are offering, or search through Google for a reputable dealer within your area. It is always wise to take physical possession of gold when acquiring, which you can do with a leading gold bullion dealer.

999.9 For Gold Investment

Forget the karat system; investors are only interested in 999.9 gold bullion and the best place to acquire pure gold is an established gold bullion dealer. They will buy and sell gold at the current spot price and such an organisation would always have their client’s best interests at heart.

Buying Gold EFTs

Gold traders rarely touch the commodity, rather they use gold EFT funds, which is paperwork to verify ownership. A trader might believe that the price of gold will be high in 6 months’ time and can buy gold EFTs in the futures market, making him a lot of money if his prediction is accurate. If you are going to invest a small amount, take physical possession of the gold, for obvious reasons. Contact your nearest gold bullion dealer and make an appointment to visit their offices; you can pay in any currency, plus their staff can advise you on safe storage.

Now is a good time to invest in gold, a commodity that has performed well since the start of the pandemic. Stock markets are uncertain now, and this means investors are moving into the safety of gold, which creates further demand and that drives up the price. You can buy small ingots and the largest size is a 1kg bar of gold, which is worth around $90,000. There are sizes in imperial and metric weights – from half an ounce to 100g, 200g and 500g gold bars, which means you can invest the amount you wish to.

Cryptocurrency investment prices have been steadily rising ever since the release of Bitcoin all the way back in 2009. More and more people are deciding to invest in a decentralized digital asset after hearing and seeing many success stories online. Cryptocurrency is definitely a smart investment opportunity for those looking to make long-term gains while only investing small amounts of money.

However, there are many that are sceptical of the cryptocurrency investment industry, mainly due to security concerns arising due to the low levels of regulation around the world. Despite that, it mostly is safe to invest in online currencies, especially if you take the necessary security measures and steps.

This article will provide you with a few cryptocurrency investment tips in order to keep your digital wallet secure from hackers and scammers. By following these tips you will have a successful investment strategy.

Use Exchanges that Implement Two-Factor Authentication

The first step that any potential crypto investor needs to take when deciding to buy a certain coin, is to find a reputable and safe crypto exchange platform. In general, it is best to look for an exchange service that makes use of two-factor authentication security measures when investing and withdrawing from a crypto wallet.

Some of the most popular exchange platforms like Bitfinex and Kraken all make use of two-factor authentication and are generally viewed as completely safe for buying, selling, and trading in cryptocurrency.

Always Withdraw Your Crypto

Crypto exchange platforms, especially the more popular ones mentioned above, have millions of dollars worth of crypto stored within them. This makes these platforms good targets for scammers and hackers. So, what’s the best way to ensure that your crypto is safe? Well, simply put, your money can’t be stolen if it’s not being stored on site.

Instead, if you withdraw your money from the exchange platform and move it to a centralized finance institution, like a traditional bank, you will not be at risk of being scammed. Once this has been done hackers and scammers will not find anything if they happen to access your account and digital wallet on the crypto exchange.

Use Different Passwords for your Crypto Account and Wallet

When signing up to an exchange platform you’ll need to set up a strong password, containing many different characters and numbers to protect your investments. You may be tempted to use the same password for your crypto wallet in fear of forgetting one of two long and complicated passwords.

Experts who also create crypto guides suggest that it is best, despite the chance of forgetting passwords, to use two different passwords for your account and for your wallet. This way, should any scammer manage to access your account, they’ll need to decipher yet another long and complicated password before actually getting into your digital wallet. This practice simply doubles the security and makes your profile a less attractive target for hacking.

 

Cryptocurrency scams are multiplying as blockchain technology advances. This creates a need for services to counter these scammers. The Coin Return Group has been established for this purpose; to ensure that you can perform your crypto transactions without fear.

We conducted a review to find out the Coin Return Group’s next-generation method for recovering stolen cryptocurrency.

What Steps Does The Coin Return Group Take To Recover Stolen Cryptocurrency?

When you report the issue you’re experiencing, we look into your recent transactions to locate where the scam occurred. We then track the scammers and find them within the blockchain. We then make a formal dispute on your behalf to fight aggressively to recover your stolen cryptocurrency.

Afterward, we monitor the scammer 24/7 to prevent them from withdrawing funds from the blockchain. Then we seek weak points in the scammers’ chain to enable us to freeze their account and return your stolen funds legally.

How Soon Should Victims Make A Report To Guarantee Recovery Of Their Stolen Crypto?

Victims should ensure that they report incidents of stolen crypto as soon as it occurs. The sooner you report, the higher the chance of your crypto getting safely returned.

This ensures that the offenders cannot transfer or withdraw the crypto from the blockchain. This is where Coin Return Group specializes: blockchain security services.

How Long Does It Take To Recover Stolen Crypto?

The time it takes to recover your stolen crypto varies between cases. It could take weeks to months, but you can rest assured that you will safely recover your crypto.

What Steps Can Investors Take to Secure Their Cryptocurrency?

The first step to keeping your crypto safe is using a strong password. Your password should never be easily related to you and guessed, such as your name, spouse’s or children’s names, pet names, etc.

It would be best if you also changed your password periodically. If you have an issue with creating a difficult password and changing it from time to time, then you can use a secure Password Manager. So, you only need to remember the password to your Password Manager.

Securing your crypto requires two or more steps to verify your identity. This makes it more difficult for scammers to access your account or wallet even if your password gets compromised. Another way to ensure your crypto is safe is by using 2-Factor or Multi-Factor Authentication.

Lastly, you can make use of hardware wallets. These are offline wallets that help to protect your crypto. Since they are not connected to the Internet, they cannot be hacked.

What Are Some Of The Common Crypto Scams To Avoid?

One of the most common cryptocurrency scams to watch out for is the investment scam. It is similar to Ponzi schemes and multi-marketing scams. The sign to know about these scams is that they usually offer big profits for little investments.

Another popular scam is the Site Impersonation scam. This scam involves scammers impersonating a crypto website or app to fool unsuspecting investors into inputting their details or performing transactions. Once your details are imputed or you complete a transaction using the site, your funds are stolen.

The site URLs are usually incorrect but similar, so you can crosscheck the spelling in the URL before performing a transaction. You can also directly input the URL for the site you wish to visit. Also, ensure you download only verified apps from verified stores.

 

As a trader, it is important to stay ahead of trends to get a headstart on the competition. Lance Ippolito is a successful trader, marketing expert and an aussie online casino player. Below, he shares how he stays ahead of trends as a top trader.

What Can You Do Differently To Be Successful As A Trader?

Lance Ippolito: To have a successful financial career in trading, your routine will differ from an average trader or a non-trader. Some things you’ll do differently from the trend may include; differentiating between being busy and productive.

The first step to being a successful trader is to differentiate between merely doing activities that make you seem busy such as wasted screen time, trying new indicators, trying new strategies, watching financial news, and scrolling through social media.

Productive activities include writing a trading plan, checking your trading checklist, creating a watch list, journaling your past trades, reviewing your past performance data, and documenting detailed trading data. While these are not entirely useless, they shouldn’t take up most of your time.

In addition, you need to be ready to take responsibility for your profit and failures. You have to be ready to take responsibility for any actions or lack thereof. Blaming the system, brokers, insider trading, high-frequency trading, etc., might be shared among many traders, but it is not for responsible traders.

In all, you have to remain realistic with yourself. You need to settle down to identify what you’re doing wrong and otherwise. Making losses is also a part of your trading journey, and you have to learn to acknowledge it as such.

Lance Ippolito, how Do You Stay Ahead Of Trends?

Lance Ippolito: I usually engage in 4 steps to remain ahead of market trends. These include; Reading and Researching, studying the market, picturing things outside the box, and having a long-term goal.

Reading and researching an essential part of a trader’s everyday life. I’m always learning new things every day. Reading and researching new techniques helps me not only stay ahead but ahead of myself as I constantly improve by the day.

To stay ahead, you must first be aware of the trends. I am constantly up-to-date on market activities and trends through adequate market study. Next, to stay ahead of trends, you sometimes have to reach and think outside the box.

You must also remember that the market is not entirely stable. There will always be fluctuations, so you must picture the long-term effects of your actions.

Is It Important To Stay Ahead Of Trends?

Lance Ippolito: Yes! Staying ahead of trends is very important for any trader. It allows you to know what to trade, when, and how.

How Do You Keep Track Of The Trends?

Lance: You can determine the direction of the casino games trend by setting up a long-term simple moving average and a shorter-term exponential moving average on a daily and weekly chart.

How Does The Shadow Blitz Help Traders To Stay Ahead Of Trends?

Lance: I use the Shadow Blitz to gain short-term information to buy stocks before the prices blow up. Any trader that subscribes to the Shadow Blitz will also receive such information. This results in thousands of dollars in profit.

 

From the outside, many believe that life as a landlord can be full of glitz and glamour. After all, this is the idea of passive income through online casino games – and little effort is required to achieve those vast returns.

Unfortunately, it seldom works like this. Sure, plenty of portfolio landlords out there are making a very good living for themselves, and that first paragraph could be very true.

However, many operate on a much smaller scale, with few properties at their disposal, and this is where the fundamental challenges of this profession are revealed.

If you’re considering taking the plunge to become a landlord, it’s time to read on. We’re now going to talk about what you need to look out for when you buy that first property to rent out.

Don’t underestimate the costs

The costs of being a landlord are often underestimated, both by first-time landlords and those who already have a portfolio of properties.

There are many expenses involved, from the initial purchase price of the property to the ongoing costs of maintenance and repairs to even the inefficiencies of the tax laws, which means that you’re not eligible to claim as many mortgage expenses.

All these costs can quickly eat into any potential profits, so it’s essential to be aware of them from the outset.

Don’t overstretch yourself

Many first-time landlords make the mistake of overstretching themselves financially in an attempt to maximise their profits.

They may take out a large mortgage to buy a property beyond their means, or they may try to rent out a property that needs significant repairs.

Either way, this is a recipe for disaster. You could lose the property if you cannot afford the mortgage payments. And if you cannot afford the repairs, you could end up with an uninhabitable property.

Don’t underestimate the time commitment

Being a landlord is time-consuming, even if you have a property management company taking care of the day-to-day tasks.

You will still need to deal with tenants, handle repairs and maintenance issues, and deal with the occasional problem tenant.

If you’re not prepared to commit the time and effort required, then being a landlord is not for you. And, if we return back to the issue of costs, if you revert the work to a property management company – this can cost you up to 15% of your rental income per year.

Don’t neglect your legal obligations

There are a number of legal obligations that landlords must adhere to, and these vary from country to country. Landlords make extra money playing on the online casino for sa.

In the UK, for example, landlords must comply with the Housing Act 2004, which outlines their responsibilities regarding repairs, maintenance, and safety.

Failure to comply with the law can result in hefty fines, but other responsibilities lay on your shoulders. Insurance is another one of these, and as your mortgage provider has probably already signalled to you, without adequate insurance in place, your loan is effectively void.

There’s plenty of small print in being a landlord – make sure you take it all in.

Saving is essential for any family that wishes to have a solid financial footing in the long run. Green Sprout aims to educate you on the right financial moves for your future with gambling360 casino. That’s why we interviewed one of their writers on the best savings tools for families.

Is It Important To Save As A Family?

Yes, it is. It is very important to save as a family because catering for a family comes with lots of expenses. You need to save in case of unforeseen circumstances, such as medical emergencies. You also need to save for your children’s education and future.

Saving as a family is crucial to alleviate financial tension for a thriving and peaceful home.

What Are The Best Ways To Save For Your Children?

Taking care of children and a family at large means many financial obligations; from wants to needs, to school tuition, to healthcare services, one would need to spend a lot of resources. This is not all to no avail, as our children are our legacy and the future.

Thus, it is important to invest in them. Saving for your children’s future is one of the best ways to invest in them. Some of the best ways to save for your children include Creating A Children’s Savings Account. Several banks and credit unions offer children savings accounts that can be co-owned by their parents.

This will help the children learn to save and manage their accounts while earning interest. As they grow older, the report can be updated to a teen account, and parents can still co-own them to oversee the management of the funds.

You can also leverage the 529 College savings plan to cover your child’s college costs. You can also open a health savings account.

Parents whose children have disabilities can also make use of an ABLE account. Parents can also save money in custodial accounts to keep the money till the children are old enough to be responsible with spending.

How Much Do I Need To Save For My Family?

There is no specific amount that you are obligated to save monthly. However, your saving should have a goal.

This goal will help to determine how much to save. You need to break it down into bits to save per month to achieve the plan in the required time and use budgeting apps to help with planning.

What Are The Best Saving Tools For Families?

The best saving tools for families include savings accounts, certificates of deposit, savings bonds, checking accounts, deposit accounts, and money markets. Certificates of Deposit (CD) pay the highest interest rates, although they have specific maturity dates.

What Is The Best Way To Budget For A Family?

The best family budget plan is the 50/30/20 method. This method entails putting aside 50% of your income for essential bills like mortgage and insurance, 30% for wants or luxury spending, and 20% to save and pay debts.

The 50/30/20 budgeting plan allows you to gain financial stability. Tracking your expenses and following a specific plan makes it easier to settle bills, save for significant expenses, enjoy luxury australian online gambling sites, and gain a firmer financial footing.

You Might Also Like: Green Sprout Shares: How To Maximize Your Employer-Sponsored Retirement Plan

 

When you’re applying for a loan, there’s a lot of terminology to get your head around, be it APR or interest rate, for instance. But contrary to popular belief, personal loans aren’t actually that complicated. What’s more, working out the rate of interest on a personal loan is relatively straightforward, too, and we explain how to go about it in this article.

What exactly is APR?

The Annual Percentage Rate – APR – of a loan takes into account the interest rate and all other charges that you will pay on a loan in one year. Lenders like Koyo Loans are able to access this information through Open Banking data, which enables them to offer you a much fairer rate based on your current financial circumstances. Other lenders rely solely on your credit score, which is predominantly based on your history of making payments on time.

Rather than just looking at interest, APR provides you with a much clearer and more realistic picture of how much you will be required to pay back when you borrow money. Therefore, it helps you easily ascertain whether or not this form of credit is right for you and if it represents good value compared to other offers you might be able to access. Overall, APR is a percentage figure given by a lender, which incorporates all of the charges and interest you will be required to pay in one year if your credit application is successful.

How do you use a personal loan calculator?

One of the best ways to quickly work out the APR on your loan is to use a personal loan calculator. For instance, Koyo Loan’s calculator is super simple to use and provides you with a good idea of the cost of borrowing before proceeding with your application. Here’s how to use a personal loan calculator to your benefit:

Step 1

Enter the amount of money that you’re hoping to borrow into the calculator. If you’re borrowing from Koyo Loans, that amount should be anywhere between £1,500 and £12,000.

Step 2

Next, you need to consider the amount of time you need to pay the money back. You can usually select a period of between six months and five years, which you can input into the calculator alongside the amount you wish to borrow.

Step 3

Last but not least, you will be provided with the results of your loan calculation. The figure given will be a representative APR, as well as the amount of money you will need to pay back over the duration of the loan.

How to apply for a personal loan

Once you’ve used a calculator to assess your options, you’re all set to apply for a personal loan. The good news is that it takes a matter of minutes to apply for a personal loan online. You will need to submit your personal information and some basic details about your finances before submitting your application. If successful, you will usually have access to the money within 48 hours of submitting your application.

Unsecured personal loans are a great way to borrow money as they’re quick, easy to apply for, and can be used for a range of purposes. So, now that you know what APR is get started with your research and discover the best value loan for your financial circumstances.