Loan Companies are operating in a hugely competitive market at the moment. Yes there are lots of people taking out loans or other forms of credit, but equally there are thousands of companies competing for that business. For the comsumer than is a good situation as it means that various offers and deals are devised to help lenders attract new customers. Some of these are cleverly packaged to seem better than they actually are, but equally if a special deal deilvers something that is appropriate to you, then you should take advantage of it.
By all means if you have a choice of two identical loans and one comes with a special offer or gift, then take it, but stick to your original needs and don't let gifts and prizes persuade you to take a loan that is not what you want.
Loan Offers some is all shapes and sizes, ranging from cheaper rates, more favourable or flexible repayment terms and free gifts or discounts on other product purchases.
For example not so long ago you seemed to be able to get a free DVD player with every loan offered, but gifts have now moved onto the latest mobile phones or MP3 players. Discount vouchers on holidays are a popular incentive, but in reality don't represent much value.
Perhaps more valuable are special terms being offered with a loan. An interest-free period can be hugely valuable, as are reduced fees. Many companies offer repayment holiays at the start of the loan, but remember most of these are not interest-free, so you'll end up extending the loan and paying more interest.
Being able to take a repayment holiday in the middle of a loan, without incurring a charge can be useful, especially if your income or earnings are variable.
