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Wysłany: Czw 15:28, 27 Sie 2015
personal loan for fair credit rating
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Bad Credit Personal Loans with Fast Approval Service
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Short term loans are among the most expensive of all types of credit products available in the market for households and businesses to use. The annual percentage rate is usually several hundred percent. You will be required to pay a considerable interest amount at the end of the repayment period. For example, if you want to borrow R100 for two weeks, you may end up paying up to R20 in the form of borrowing charges. This means you will be paying an annual percentage rate of 426% on your short term loan to the creditor. The APR on a short term loan represents the amount of your loan, cost of the loan and term of the loan. Example: You borrow $100 for two weeks. A lender can charge you a $15 fee, which means you will have to repay $115 to the lender at the end of the term. The cost of the $100 loan is a $15 finance charge, which anounts to an annual percentage rate of 391 percent. Loans on the lower end of the APR range may be for a larger loan amount and for a longer term. Loans on the higher end of the APR range may be for a smaller loan amount and for a shorter term. Depending on your credit needs, and desire to pay your loan off quickly, your lender may only offer you loans with an APR near the high end of the range displayed.
What is needed to apply for an instant loan?
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What Is a Short Term Installment Loan?
Many trusted, online lending companies make loans for people with bad credit and need to conduct no credit check before approving the loans. When those companies grant funds with high risks, they charge higher interest rates to make up for the danger of non-payment associated with bad credit. Although bad credit loans are expensive, they can save the day for you when you have poor rating and need extra money quickly.
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At QuickQuid, we offer short-term personal loans with a focus on flexibility. We understand that when you need emergency funding, you need a loan that will work for your unique financial circumstances. That's why we've created a loan process that allows approved customers the opportunity to choose both their loan amount and loan duration. By selecting the amount of funds and the length of their loan repayment, each customer can build a plan that will fit their budget. ⢠The interest rates are fixed
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