When deciding to take out a cash loan for the amount of $ 97,700, it is worth checking several offers before choosing the one that is right for you. It is a loan for a fairly high amount and it is worth finding the offer that will be the cheapest possible solution for us. We will check the offers of such a loan assuming that it will be repaid over a period of sixty months in decreasing installments.
Cash loan at Gold Earners Bank
The first offer we will check is the cash loan offer at Gold Earners Bank. By borrowing our $ 97,700 for a period of sixty months, the cost we incur will be $ 36,162. When choosing decreasing installments, the first one will be 2 592 dollars, and the last 1 870 dollars. The monthly installments will decrease by $ 12. The minimum amount the bank offers is $ 12,001, while the maximum amount is $ 120,000. As for the loan period, it starts from 3 months and ends with a maximum of 108 months. The nominal interest rate on cash at Gold Earners Bank is usually constant and amounts to about 7.2% per annum. As for the commission for the bank, it constitutes from 9 to even 15% of the amount borrowed. The preparation fee is charged by the bank, but it is not high, because it equals only $ 100. Insurance is compulsory only if the borrower has a monthly income below $ 3,000 gross. In this case, the loan insurance is around 15%. In the event that the borrower redirects his remuneration to the account ROR, he will not pay anything for its keeping. The account that is set up by the bank and is to be used to service the loan repayment is also free. A big plus of this offer is the lack of fees associated with early repayment. We will pay 85 $ for the possible restructuring of the loan. Changing the installment repayment day will cost us $ 20, and each prompt from the bank within $ 15-19.
Take your ID card with you when you go to the bank for a loan
Other documents, such as a passport, are not considered by the bank. The borrower must also show the source of his income. Fortunately, the bank accepts many such sources. Gold Earners Bank accepts all employment contracts, pensions, as well as pre-retirement benefits. Income may also come from business activities and civil law contracts. Such large acceptance of various sources of income allows many clients to benefit from the offer. It is an ideal proposition in every respect.