Compare the features of the loan products

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The Task: Financial Products

Mr. Ali needs to consolidate his debts. He is 27 and lives in shared rented accommodation costing OMR104 per month. He has a student loan outstanding of OMR5,200. He owes OMR 936 on one credit card and OMR728 on another. Both credit cards have an annual percentage rate (APR) of 18.9%. He also owes his brother OMR364 and his parents 0MR572. Mr. Ali has worked in low paid jobs since leaving university and for the last two years he has only made the minimum repayments on his credit cards. However, Mr. Ali has just been promoted to a new position with a salary of OMR6,800 gross pa. He wants to take this opportunity to sort out his finances, pay off his debts, improve his credit score and start working towards a more financially secure future.

i. Suggest 3 different loan products from different providers that Mr. Ali could use to consolidate his debts.

ii. Provide details of the 3 different loan products in the form of a table.

iii. Compare the features of the loan products.

iv. Analyze Mr. Ali's attitude to money as demonstrated by his past behavior and discuss the ways in which his lie would become more difficult if he fails to meet his objective as Outlined in the task.

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It is a case study related to oman it is about banking system and loans in oman it has 3 loan products from different banks the reference of the above in context with case study is described as per the asked questions

Reference no: EM131983317

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Reviews

len1983317

5/15/2018 6:14:41 AM

- Analyse the sivation of Mr. All as it is discussed IV in the task - Discuss the difficutties that will be faced by Mr. Ali, if ho fails to meet his objectives 15 10 V Conclusion, structure, presentation style III VI Referencing (Harvard Referencing System) along with the citations I TOTAL, 100

len1983317

5/15/2018 6:14:30 AM

dear sir i wont to make for me this assignment and information in the fill upload .... more over make the similarity lees then 10% Structure Content of the Criterion Weighted percentage 1 For choosing three deferent loan procLets from different vendors - Int:eduction and meaning • For dvee different loan products from three different providers 5 15 15 II Relevant details for each of the products Should be presented clearly it the form el a table III Significant features of the products should be clearly compared and where relevant, appAed to Mr. Aii's situation 30

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