A: Hello! B: Hello, nice to meet you, how are you? A: I’m fine. I came to you for advice. C: Oh, what’s happened? A: I want to buy a car, but the difficult is that I have enough savings to buy an old one. C: Have you thought about buying a new car? A: I am thrilled at the idea of buying a new model which hopefully wouldn’t need repairing so often. B: Do you realize how much money you will need to make this purchase? A: Yes, I have got an account in a bank, but what I have in my account is not enough. B: And what are you going to do in this situation? A: I don’t want to give up the idea completely, and think that I would rather make use of your bank’s credit facilities. B: I don’t want to dissuade you but it is unrealistic to purchase a new car without a loan from a bank. C: I can share some useful information concerning loan sources. I’ve learnt that numerous loan sources are available to borrowers. A: Yeah, I know about it. I may be financing a loan during the next several years. But I’ve never borrowed before and as a newcomer in this sphere I don’t have any idea how to start this process. C: Loans for major purchases can be obtained not only from banks, bur from credit unions, finance companies, or, for cars, the car dealers. B: Have you contacted the bank about this? A: Yes, I have visited my bank and had a talk with the bank loan officer. Some aspects of borrowing money have been explained to me at the bank but I need more clarification of this complicated matter. B: There’s only one way of dealing with the problem. I advise you most strongly to arrange a “personal loan”. It’ll cause no problem. C: What makes you so sure? B: As a bank officer I am well informed about all aspects concerning a bank’s credit facilities. I want wholeheartedly to be of help and give Arthur some practical advice that borrowing intelligently requires an understanding of the three basic steps to negotiate a loan. A: Tell me more about it. B: Firstly, you should compare loan sources. Secondly, it is necessary to compute interest. Thirdly, you should determine repayment time. C: It is useful information, but I take a realistic view on this matter and I advise you to call finance companies, and other lenders too. I don’t quite catch the full implication of “personal loan”. B: I can assure you that this is the normal way of borrowing larger amounts or for a long period of time. If a personal loan is granted it will be a fixed sum immediately available for a fixed period of time. C: Does this mean that the interest rate is fixed? B: Yes, and it is the main advantage of a personal loan. C: In this case I’m completely behind the proposal to (name). A: Thank you for your advice, I'll probably arrange a “personal loan”.
