Cash loans are one of the most popular products on offer from banks. We can apply for loans at any bank branch as well as online. We will even sign the loan agreement online. Funds from the loan can be used for any purpose. We can also apply for a cash loan of up to USD 30,000 for the employment and income statement, the higher loan amount depends on the relationship we have with the bank where we apply for a loan. Higher amounts will require a certificate of employment and income from the employer or bank statements confirming the effect of remuneration.
Cash loan for whom and on what terms?
Cash loans are for individuals and companies. Loan amounts for individuals up to USD 220,000 for companies up to USD 600,000. Loan period from 6 months to 144 months.
Cash loan and employment forms
When applying for cash loans, please indicate your employment type. There are several forms of employment on our labor market. Banks accept income not only under an indefinite employment contract, which is most liked by banks. We will get a loan when employed under a fixed-term employment contract / commissioned work contract. With a fixed-term contract, we can ask your employer to issue a promise of employment – it is a guarantee for the bank that the employer will extend the contract with us. Banks accept income received from abroad. They value pension and retirement income very much. Foreigners are increasingly able to get cash loans in banks.
The cost of cash loans
When signing a cash loan agreement, we have to take into account the costs. The cost of credit consists of loan interest, commission for lending and often loan insurance. The insurance is voluntary and the customer decides if he wants to insure the loan. The cost of the loan will be higher if we divide the loan period into the maximum, but thanks to this monthly installment will be lower. However, there is a possibility of overpayment of the loan or total early repayment, so all interest is reduced, it is worth considering this option if we want to pay off the loan earlier. There are no additional fees for early repayment.
Payment of money from a cash loan
Money from a cash loan can be withdrawn at the bank’s counter or we can get it to the invoice number which we indicated in the loan agreement. This is a popular, convenient and secure way to receive cash.
By working with us you will receive the best loan terms
- our offer includes over 15 trusted banks in one place – only one inquiry, which has a positive effect on BIK
- you will not only gain time, but also a better credit offer – low credit costs, no additional fees for granting a loan, voluntary loan insurance
- you will examine your creditworthiness free of charge, we will analyze and evaluate your loan application before submitting your bank inquiry
- cash loan from USD 1000 to USD 220,000 without any collateral or unnecessary formalities
- loan period from 6 months to 144 month
- you’ll know your credit decision within 30 minutes
- starting a loan the same day or next day, in a convenient place for the client
- you can pay off your cash loan faster – without incurring any additional costs
- our specialists will choose the appropriate financial solution tailored to your needs