What is the cost of the loan?
You can apply for an installment loan or a short-term loan. You can make your choice according to your preferences. You can choose the amount of the first loan as well as the time in which you intend to pay it back.
The cost of the first installment loan is determined individually for each person. You will meet him during the application, after we have examined your creditworthiness.
Installment loan for new customers
We offer installment loans that can be tailored to your individual needs and financial situation.
The maximum amount of such a loan is USD 20,000. This means that you can apply for a loan for any amount in the range from USD 50 to even USD 20,000. You can pay the loan back according to the schedule of 3 to 60 monthly installments.
Advantages of installment loans:
- works better in the event of a higher expenditure (eg renovation of an apartment, purchase of a car, purchase of equipment for the home)
- it is repaid in monthly installments, so you can plan your monthly expenses.
Remember that lender always gives you the opportunity to repay the liability in full early. If you decide to pay it back earlier, the total cost of the loan will be reduced according to the current period during which you will use it. Information on the exact cost of the loan repaid in full before the deadline can be found in the information form sent before the final decision on the loan is taken and in the payment confirmation.
Short-term loan for new customers
The maximum amount of short-term loan in lender is USD 2,500, while the minimum amount is USD 50. The maximum loan duration is 60 days and the minimum duration is 1 day. Remember that you can pay the liability once or in parts. The most important thing is to settle the entire liability by the repayment date.
Why is lender offering me a different loan amount than the one I applied for?
After analyzing your loan application, within a few minutes you will know your individual offer. It may happen that its amount turns out to be lower than the one you are applying for or we will offer you a different repayment period. This is because we are a responsible lender and we carefully analyze your financial situation, existing debt and real repayment options.
Also remember that you will ultimately decide if the loan terms we propose are appropriate for you.
We always send information on the installment loan application and short-term loan application in the information form to your e-mail address before issuing the decision.
What is the cost of the loan?
When processing the loan application, we do not charge additional fees, ie
- initial payment
- application fees
The interest rate on loans in lender is always 0%.
The only cost of the loan being repaid on schedule is the commission for its granting. The amount of commission for installment loans is calculated automatically, during the examination of your application, based on the analysis of your financial situation.
The commission for short-term loans is always up to USD 10 when it is repaid up to 60 days and this is the first loan in lender.
Information on the cost of the loan is always presented when submitting the application and sent to your email address. You will find them in the documents made available during the application and also after submitting the loan application: information form, confirmation of payment and in the Framework Loan Agreement.
Remember that lender always gives you the opportunity to repay the liability in full early. If you decide to pay it back earlier, the total cost of the loan will be reduced according to the actual period during which you will use it. Information on the exact cost of the loan repaid in full before the deadline can be found in the information form sent before the final decision on the loan is taken and in the payment confirmation.