A personal loan is one of the most traditional ways of obtaining money quickly. It can be used for various purposes, such as renovating a house, paying off debts, building up a financial reserve, taking a trip, changing cars, etc.
It is important to know everything about the credit lines offered by the market, because the interest rates vary according to each institution.
Moreover, in most cases it is necessary to be financially organized to have the application approved.
| Positive Points | Negative Points |
|---|---|
| Guaranteed fixed rates and lower interest rates when negotiating your personal line of credit | To apply for your loan, you must present all your personal documents and be of legal age |
| Longer term of 72 months to pay off the agreed installments | To submit the application, you must provide proof of income, residence, and employment |
One of the main characteristics of this type of credit line is that you can use the money in any way you want, unlike a loan, for example, which must be spent only for the purpose for which it was contracted.
In practice, the bank releases the loan and the consumer undertakes to repay the amount in monthly installments, plus interest.
In general, the value of this payment cannot exceed 30% of the person's income so as not to weigh heavily on the budget.
Each bank or financial institution has its own conditions and policies for granting personal loans, but some requirements are to live in the country, be of legal age, and have a good payment history. It is no wonder that personal loans are in great demand among citizens. It has advantages compared to other lines of credit.
Generally speaking, the bureaucracy to release the money is faster compared to other lines of credit, such as a mortgage. In addition there is a wide choice of banks and finance companies that offer this type of service.
It is important that the applicant knows the institution he or she is going to hire, and that it has good values and benefits.
| Benefits | |
|---|---|
|
No bureaucracy
|
No bureaucracy when applying for a loan |
|
High amounts
|
The values released are high |
|
Reference
|
One of the most requested loans in the market |
|
Customer service
|
24-hour customer service |
Defence Bank offers credibility, decades of experience in the financial sector, as well as the best benefits and conditions. In this article we will show you why this institution will be your best choice.
Credibility
Decades of performance in the financial market, guaranteeing and participating in the realization of the dreams and objectives of its clients.
These and other values are trademarks of the institution, if you found what you were looking for, click on the button below and make sure.
I Want My LoanNo fees
The institution also offers fee waiver, meaning that the candidate will not pay application, originality, or annual fees, which is a great advantage compared to other institutions.
Fast Approval
Defence Bank guarantees fast approval of your personal credit line, and within 24 hours the amount will be debited from your checking account.
The bank offers these and many other advantages for those interested in a personal line of credit, click on the button below to see all the conditions.
I Want My Loan
