One of the options available for those who need money fast is personal loans. This method guarantees a financial breather, since it is easier to access than other products.
The amount can also be negotiated with the institution, which provides better payment conditions.
The main characteristic of this type of credit is its freedom of use. That is: there is no need to indicate what the application will be, unlike what happens with financing.
| Positive Points | Negative Points |
|---|---|
| You are granted 24 to 60 months to pay off your installments | You must be of legal age to apply for a loan |
| In just 1 hour your amount can already be available in your account | Proof of income, residence, and employment are required |
In exchange for this concession, the financial institution charges a monthly interest rate, which varies according to the company's policy and the negotiation with the contracting party.
Other factors can influence the amount, such as the total amount borrowed and the client's credit analysis.
The latter can generate an increase in the charge for the institution's security in case of default. As the concept itself indicates, there is no specific purpose for personal loans.
Thus, it becomes an option for any kind of person, especially those who are experiencing financial problems or who want to invest in a new life project. Starting a new business, paying off or reducing debts, emergency expenses, and other purposes.
One of the main advantages of personal loans is the ease of acquisition. You can get a loan quickly and easily, either through the internet or directly at the branch.
Although it is an easily accessible solution, personal loans demand a correct financial planning, since the objective is to get rid of debts and not to incur new ones. Granting personal loans is fast, but that doesn't mean that you can choose any institution to grant the loan.
| Benefits | |
|---|---|
|
Credit History
|
Credit history is not checked at the time of enrollment |
|
Customer Security
|
Features one of the most recognized customer security models in the country |
|
No hidden fees
|
No hidden fees for applying for the loan |
|
Easy Money
|
In less than 1 hour it is possible to receive the requested amount |
As with other services, it is essential that the organization has experience in the market and is able to offer advantages to its clients.
Community Bank fits these values completely; it has been in the financial market for years, making dreams come true and participating in them.
In this article we will show you the advantages of choosing Community Bank as your personal lending institution.
Long term
The institution provides terms of 24 to 60 months for the repayment of your loan, making this process more flexible and according to what the applicant is looking for.
These and many other benefits are specialties of Community Bank, click on the button below and learn how to take advantage of each opportunity.
I Want My LoanAgility
Immediate availability, as the amount is deposited into your Community Bank account.
No fees
The bank guarantees that you will not incur any fees when granting your personal line of credit, if these concessions are what you are looking for, click on the button below and secure them.
I Want My Loan
