Express loan in Lite Lender.
At Lite Lender, customers can take advantage of the express loan they can use to pay off liabilities they have at other banks. This loan has a fairly high nominal interest rate, which is 7.99% per annum. The bank charges a commission of 3% of the loan amount for granting it. Under this offer, the amount available for borrowing ranges from $ 1,000 to a maximum of $ 200,000. The loan can be spread over a minimum period of one year to a maximum of 84 months. To take advantage of the offer, the bank requires that the customer set up a personal account there. A statement of earnings will be necessary to take advantage of this offer.
You can pay back your loan early and the terms of the repayment must be agreed with your bank. APRC for a loan of $ 75,000 with a loan term of 60 months will amount to 9.65% per annum. The monthly installments that we will pay to the bank every month will be 1 565 $. The total amount we will have to pay will be $ 93,959. The loan will cost us almost $ 9,000.
Consolidation loan at Agree Bank.
The consolidation loan offered to Agree Bank customers is a loan with a rather high interest rate, as it amounts to 8.79% per annum. The interest rate itself is not terrifying yet, but you have to add the costs associated with the commission for granting the loan. As a commission, the bank charges 6.99% of the loan amount. The range of amounts that can be borrowed under this loan is from $ 10,000 to a maximum of $ 180,000. Money can be given in monthly installments from 1 to a maximum of 96 installments.
A bank account is required to make the consolidation loan offer available. You also need to provide the bank with an appropriate statement of the borrower’s earnings. The annual Real Interest Rate for a $ 75,000 loan with a repayment period of 60 months, is 12.36% per annum. Every month we will pay installments of $ 1,657 to the bank. The total amount to be paid will be $ 99 453. This loan will be a more expensive solution than an express loan because it will cost us over $ 14,000.