Current banks are trying to prepare cash loan offers so that as many customers as possible can benefit from them. They try to cope with competition and attract as many potential borrowers as possible. As a person applying for a cash loan, we really have a lot to choose from.
There are so many offers and they are so different that you can easily find a loan which conditions will be the best for us. Let’s check two of these offers more closely. The first belongs to Loan and Credit Bank, which has been on the market for a long time, while the second offer has been prepared by a fairly new institution in Bank.
Cash loan at Loan and Credit Bank
Let’s analyze the cash loan offer at Loan and Credit Bank on a specific example. Let’s imagine a situation when we urgently need an amount of USD 1,500. This is not a very large sum, but we have a limited monthly budget and we want to spread this loan over a period of twelve months. The actual Annual Interest Rate in this case is 17.06%. Having all the data, we go to the bank’s branch.
A bank employee will calculate the total cost of credit for you in the amount of USD 132. When you distribute your loan to us for a period of twelve months, your monthly installment will be USD 136.
At this bank, we can borrow up to USD 200,000 and spread it over a period of sixty months. In this case, the loan will cost us over ninety thousand USD, and the monthly installment will be 4847 USD. Importantly, the APRC rate in this maximum case will increase to 17.11%.
Good Finance – new credit options
Bank is a fairly Good Finance, but it already enjoys a good reputation among customers. All thanks to affordable offers he has prepared for cash borrowers. Check the cost of the cash loan at inBank using a specific example. We decide on a cash loan in the amount of two thousand USD. We want the bank to spread it over to us for twelve months.
The APRC in this case is equal to 13.47%. Based on this data, the bank will calculate the cost of the loan in the amount of USD 143.68. The monthly installment will be USD 178.64. As part of this offer, inBank is able to lend us a maximum of fifty thousand USD.
The maximum loan period is sixty months. By borrowing the maximum amount for the maximum number of months, with an APR of 10.29%, the bank will calculate the total cost of the loan in the amount of USD 13580.20. Each of the sixty installments will be equal to USD 1059.67. I invite you to lokatanajuz.pl/ to learn about the best deposits.