Banks offer a variety of loans for a variety of objectives, with different conditions.Each of the loans is characterized by its advantages and disadvantages.However, it should be noted that these advantages and disadvantages are strictly individual.After all, for a single client specific provision would not be considered an advantage, and for the other a lack of will not seem something negative, rather neutral feature.
The most popular consumer loans.And quite a large percentage of people prefer to borrow cash.This is due to some peculiarities of the banking offer.
advantages of cash loans
- speed.Normally, applications for cash loans are considered very fast.Usually on the third day, you can get a full set of documents and the requested amount.In some applications treated jars for one hour.This feature is important because people who are in dire need of money.In addition, there is no need to wait long to answer whether the bank positively to the request.
- unearmarked.Easy cash loans in the sense that the loan program does not specify the specific objectives, which can be spent issued funds.This gives greater freedom to the borrower at the disposal of money.He can spend it at their discretion.This is convenient for those who are planning to make some off-standard large purchase, or in need of funds for current expenditure.
- attractive credit terms.Most of the banks when issuing cash does not require the presence of guarantors, the certificate of proof of income, as well as software.This simplifies the collection of documents for a loan.
- attractive repayment terms.Repay the loan is usually offered in equal installments.And it is possible and early repayment of funds.You can pay with a variety of methods, which is also very convenient.
Sometimes disadvantages of such types of loans carry a high interest rate.This is partly true.However, it is understood that different banks and different rates.And it is quite possible to find a variant with a sufficiently low interest rates and attractive terms.
Another feature - the restriction total.That is, there is no possibility to take any amount of money in cash - there is a "ceiling" set by the bank.But it's worth noting that the majority of them it is quite high and it can meet the needs of the average consumer customer.
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