Private Loans and Unsecured Loans
Loans without collateral
Private loans are carried out in that you can borrow money without obstacles up to US 350 000 without collateral. One should be at least 18 years of age and not older than 75 years. Remember that you should have a fairly fixed salary from work or elsewhere, and you should not have any payment remarks behind you. Secure private loans should you apply directly online or through your house phone and when this is done you have the money in your account within a few days. The amount you can borrow is normally between NOK 20,000 – 350,000 with a repayment period of 2-15 years.
Private loans without collateral for anyone and everyone
It is quite new in Norway that even people with bad credit history or payment notes can easily apply for a loan through a private loan. However, the border lending institutions that offer private loans to people who do not meet their normal loan requirements will often require a higher loan rate.
Interest and fees on your payday loan
Interest rates vary widely between different banks and lending institutions. Different rules apply to different borrowers depending on how the individual’s credit risk is interpreted. We have helped you pick out two major loan companies on our site, namely FinancesReails and Volkjiad. If you click on the site of these loan companies you will be able to find different loan offers, and thus find a loan that is perfect for you. There you can read all about the terms and conditions and what to do, but this is very easy with these serious private loan providers.
The monthly cost of the private loan
What you are going to pay monthly on your private loan is determined by the size of the loan, what interest rate you have and how long the repayment you have chosen. For longer repayments, you can count on smaller amounts per month. Most banks on the internet offer various forms of loan calculations, where you can calculate exactly how much your home loan will cost per month. This way you can easily and conveniently decide what kind of loan you should choose.
Previous repayment or extended repayment
Often, it is possible to apply to extend your repayment period, but only within the specified time period. Of course, you can also repay at any time what you have loan earlier than planned, if that’s what you want.
Here is the recipe for applying for a private loan
Undoubtedly, applying for a private loan is easier than ever before through the internet. After the loan company has completed a normal credit rating of you, you will receive the money quickly.
When this is done it usually takes between 3-5 business days before you have the money in your bank account or make a statement in the mail. No problems and no unnecessary questions, it can not be easier to apply for a private loan.
There is no absolute limit to how much loan you can take out, remember!