A personal loan is a loan where the beneficiary is an individual, not a company.
The decision to take out a loan can be planned or emergency.
It may be an unforeseen health issue, a housing transaction, or an urgent purchase to meet family needs.
| Positive Points | Negative Points |
|---|---|
| There are more than 40,000 ATMs spread all over the world | You must have an account with the institution to apply for credit |
| Besides offering fixed monthly fees, there is no origination fee | You must be of legal age to apply for a personal line of credit |
There are cases in which the loan is planned to invest and expand a business, for a family trip, or to purchase a consumer good such as a motorcycle or a car.
The logic is similar to borrowing money from family and friends, but with a loan from an institution, the client is more certain to have the requested amount.
The client defines how much he needs, applies to the institution, which verifies if he has a good paying history and grants the money.
Then the client will pay it back in installments that fit his or her budget.
The creditor will need documents, proof of income, or credit evaluation to approve.
Then comes the negotiation of the conditions and the definition of the installments for payment in the medium or long term with an additional interest rate negotiated with the creditor.
| Benefits | |
|---|---|
|
No bureaucracy
|
Differentiated payment conditions |
|
Approval
|
Quick approval through the institution's website |
|
Approval rate
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One of the highest approval rates |
|
Compatible interest rates
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Interest rates compatible with the market |
As the applicant does not need to specify the purpose of the amount, the focus is on negotiating the rates and amounts to be disbursed each month.
It is necessary to observe the obligations signed in the contract and the number of installments and interest rates.
In the credit analysis stage, the financial institution will analyze debts, consumption habits and other records.
It is necessary to research well in order to get a good offer with lower interest rates.
This is where the advantage of a secure loan comes in, i.e. one that guarantees privacy and security of information.
Keybank guarantees not only security, but also exclusive benefits for its applicants.
In this publication we will show you all the reasons that make KeyBank your best choice.
History
KayBank has hundreds of years of experience in the financial market, with credibility, security and guarantee of quality service.
If this and other values are points for you who are looking for the best institution, click the button below and learn more.
I Want My LoanTerm Extension
The institution guarantees the applicant up to 84 months to pay off his or her installments, making the life of your loan more tranquil and flexible.
Without guarantee
KayBank does not require any guarantee for the success of your personal line of credit, assuring you that your automobile or home will not be affected.
All of these benefits are part of the most sought after institution in the financial market, click on the button below and make sure.
I Want My Loan
