By definition, a personal loan is a contract whereby a bank or other financial entity advances a sum of money to another, with the obligation to repay that advance, as well as any agreed-upon interest and any expenses incurred by that transaction.
Years ago, only banks could provide a loan, with many requirements and all the paperwork and obstacles that this involved.
With the development of technology, the same banks and other lenders have started to provide loans online, with a simpler and faster approval process for the customer.
| Positive Points | Negative Points |
|---|---|
| Loan amounts can be as high as $50,000 | To obtain your personal loan, you must confirm your nationality |
| The loan has interest rates compatible with the market | Proof of income or recent bank statements |
Today, the personal loan is the most popular financing tool on the market, as it is affordable and easy to manage through digital channels. However, one must be well informed before clicking.
When analyzing the features of any credit , it is not necessary to focus only on the rate, that is, the cost of money. It should also be considered that there are commissions, expenses and taxes, and other related products.
Regarding the terms of the advance, the options available in each loan should be evaluated.
Consider the amount of the fee based on the time, our ability to pay and monthly expenses, to decide which is the best alternative to repay it.
It is not advisable to ask for more money than you need, just in case or to take advantage of the early application. This avoids paying unnecessary interest.
As for the term, when calculating the amount to be requested, the quota/income ratio must be evaluated to verify the possibility of payment.
| Benefits | |
|---|---|
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No Hidden Fees
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The loan has no hidden fees or post-approval fees |
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Ease of application
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You have one of the easiest loan applications in the country |
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Online Application
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Fully online loan application process, with quick release |
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Approval
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Fast approval through the institution's website |
Take advantage of the virtual simulators to simulate a loan and compare the installments with different amounts and terms. With this, get to know a little more about Loanz Personal Loan.
Online application
To apply for a Loanz Personal Loan you only need to fill out the information on the institution's website.
The application is very simple and takes a few minutes to be completed, making it easy for the applicant. With that, click on the button below and apply for your loan.
I Want My LoanCredibility
On account of the countless credits granted and with thousands of clients, the institution has become one of the references in the personal credit segment in the country.
Credit history
To apply for a Loanz Personal Loan it is not necessary to have a good credit history at the time of the application. Therefore, even if the applicant is seeking a loan to pay off a debt with a higher value or rate, it is possible to get it. So, click on the button below and apply for your loan.
I Want My Loan
