The fast personal loan from Cream Bank allows all those who need a small sum of money to make more or less urgent purchases, to be able to have exactly the financing they need, at advantageous conditions. Let’s find out about this financing solution together.
Cream Bank and fast personal loan
Cream Bank devised Good Lender Bank, fast personal loan that allows you to have a minimum of $ 2,500 up to a maximum of $ 10,000, repayable through the repayment of monthly installments at a fixed rate.
Good Lender Bank allows everyone to be able to face more or less unexpected expenses without for this reason having to go and ask for advances on the severance pay or without putting your hand to the savings of a life. The fast personal loans that are offered by Cream Bank are excellent both for self-employed workers (such as loans for freelancers ) and for employees.
Documents needed to apply for the loan
Depending on the type of work you do, you need to present a different document certifying your income. If you are self-employed, you must submit a copy of the latest tax return, while in the case of loans for employees, a copy of the last paycheck is sufficient.
Fast personal loan from Cream Bank, the main features
As said at the beginning, this fast loan allows you to have up to 10,000 USD, for any need, without necessarily having to declare the reason why the money is needed. The main feature of this personal loan is that it is usually disbursed on the same day on which the request is made.
As for the type of rate, it is fixed for the entire duration of the loan, but changes according to the amount requested and the repayment duration, which can be:
- 12 months
- 18 months
- 24 months
- 36 months
- 48 months
- 60 months
The refund can be made directly by debiting a bank account. Other ancillary costs must also be added to the cost of the interest rate, such as:
- commissions of practical investigation equal to 1.50% of the sum granted, with a minimum of 50 USD
- installment collection fees, equal to 0.10% of the monthly installment amount, with a minimum of 2 USD and a maximum of 4 USD
- 1% prepayment loan loan calculated as a percentage of the capital repaid early (find out how to pay off a loan early )
- Default interest surcharge on unpaid installments +3 pt
Quick personal loan installment calculation from Cream Bank
Let’s see an example of calculating the installment of the fast personal loan proposed by Cream Bank. For a request of 5,000 USD for a total of 18 months, the TAN rate applied is 10%, while the APR is 13.39% and the monthly payment is 306.45 USD. The total amount to be refunded will be 5,516.22 USD.
If, on the other hand, the sum requested is 8,000 for a total of 60 months, at a TAN rate of 10%, with an APR of 11.69%, a monthly installment of 173.98 USD. The total amount to be refunded will be 10,438.80 USD.
Loan insurance, the security of Cream Bank
Cream Bank offers all those who take out a loan a loan insurance that allows you to feel comfortable at any time of the day, without having any further worries, neither for yourself nor for your family. To find out more about this solution, you can go to www.Cream Bank, where you can also find out more about Cream Bank personal loans.