The relationship with a loan depends on how it is used, what type of loan is chosen, and whether the borrower can afford to pay it back in a way that will not affect his or her budget. Thus, the credit can be the solution to your financial problems or become another problem debt.
It is necessary to do some detailed planning and to choose the type of loan carefully, based on the purpose of the money. When you need an extra amount of money, personal loans, overdrafts, and revolving credit cards can all be quick and convenient options.
However, the interest rates of these modalities are higher, which makes that without planning, the credit card becomes delinquent.
| Positive Points | Negative Points |
|---|---|
| High application approval rates | You need to show that you have been employed for the last 4 months |
| Application is made quickly through an online form | A bank statement is required to obtain a loan |
Therefore, it is important to research and get to know each modality before choosing yours, to evaluate the pros and cons, analyzing and comparing the rates of each one.
It is worth remembering that interest rates are not the only ones to be accounted for in loan installments. There are other fees, rates and other charges that must be analyzed, since with these figures the loan becomes more expensive than it would initially be.
There are several reasons and situations in which it is necessary to apply for a loan. Check out the most common ones and what to do if you fall into any of them.
Debts that started small can grow when it comes to credit cards and overdrafts. Because of the high interest rates, these are the main reasons for applying for a loan.
If you are in this situation where you have accessed these modalities and they only generate more debt, don't think twice: change your debts. Take out another loan with lower interest rates to pay off your current debts.
If it is not for purchasing a property or a vehicle, a loan is recommended in a few cases for new consumption. It is valid if the consumer needs to buy something relevant and urgent.
| Benefits | |
|---|---|
|
No hidden fees
|
No hidden fees for applying for the loan |
|
The security
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One of the best security systems in the segment |
|
Interest rates
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Lowest interest rates in the market |
|
Approval rates
|
Has one of the highest approval rates in the segment |
Requesting a loan with a long term and lower interest rates can be an alternative for consumers who want to negotiate discounts on the purchase of materials and contracting services to remodel or build.
Also in this publication, see the advantages of the United Bank Personal Loan.
Deadlines
United Bank personal loan terms can be up to 84 months, one of the longest in the country. With these terms the loan is ideal for those seeking a longer period to pay off the loan. So, click on the button below and find out more.
I Want My LoanRequirements
To apply for a United Bank personal loan, the applicant must be over 21, have proof of income and residence, and have a good credit history.
Loan approval
The release of the United Bank Personal Loan is done within a few hours after approval. This makes it easier for those who need money for a setback or emergency. So, click the button below to apply for your loan.
I Want My Loan
