Monday, October 13, 2008

Need Of Finance and Loans

Need Of Finance and Loans
Some times in life one undergoes financial difficulties. The Finance has a central role in implementing Government policy, in particular the Program for Government, and in advising and supporting the Minister for Finance and the Government on the economic and financial management of the State and the overall management and development of the public sector. In formulating this advice the Department is guided by its mission which is to support the achievement of the Government’s economic and social objectives by promoting a good, sustainable economic and budgetary environment, continuing improvements in the efficiency of public services, and an effective framework for financial services.Keeping a regular eye on your personal finances will help you make the most of your money. Reviewing things like your bank accounts, pension and savings will also help make sure they are still right for you. It will also alert you early to potential financial problems. Moreover, financial goals can help you plan your finances more efficiently. You can set one goal - or several goals as part of an overall financial plan. The products suitable for achieving your goal or goals will depend on your resources and individual factors, like timescales and up coming risks.

Short and long-term financial goals

Financial goals can be short to medium term, like paying off a loan, or long-term like saving enough for retirement. Your goal might be linked to a purchase, like buying a car or house, or to the desire to know that you can provide for your dependants in the future.
To help you identify financial goals that could form part of an overall financial plan. Bear in mind that you may have to set new financial goals if something changes unexpectedly in your life, like loss of a job or any accident.

Loans : Loans are used to fulfill the finances. Loans are provided by any organization and also by Banks.

Two types:
short-term loans are those which are payable within a short duration of time (within one or two months), long-term loans are those which are payable after years.

Personal Loans: loans which are required by clients for their personal use.

Business Loans: are used for starting any business or if the company is in crisis.These loans are approved by that particular organization or by the Government.

Student loans: are government-funded repayable financial assistance. This funding is intended to help students finance their post-secondary education. Your eligibility is determined by a standard means test developed by governments. While you pursue post-secondary studies on a full-time basis, the government subsidizes the interest on your loan.

Moreover. Loans can be for the personal usage, like Car Loans or Home Loans or any other type of need.

1 comment:

Martha Jackson said...


My name is Martha Jackson and I am the webmaster of some good finance related sites. I came to know about your blog through search engine. I find your site interesting as well as informative for my visitors. Hope your visitors would also gain from the content of our sites. I am interested in exchanging links with you. It will be mutually beneficial for both of us. If you wish then we can also exchange articles and guest posts. To give you one more advantage I can place your link within my content.

If you agree, contact me at: martha.jackson815[at]

Waiting for a quick and positive reply.


Martha Jackson