Member since December 24, 2019

mirandakariba86

My Profile
mirandakariba86
  • Answered Questions: 0
  • Posts: 3
  • Location: Sri lanka
  • Occupation: Business representative
The main differences between microloans and bank loans
A credit company is much less demanding on the credit history of a potential borrower, but the fee for using microcredit can reach 60% per month and, accordingly, 720% per year, in case of constant use of this service. This is ten times higher than the interest on the use of banking products. Nevertheless, for lending at the bank, a huge number of various references and supporting documents are required. Depending on the amount and type of bank loan, collateral or guarantors may be required. In addition, the procedure for obtaining a online loan applications and making a decision by the bank may take time. Considering all the pros and cons, a microcredit service can be a good option for quickly solving the emerging needs for money for various needs.

Banks provide a huge range of financial services. In particular, bank loans have various purpose and their own characteristics. Microfinance organizations have a narrow, specialized focus, as a result of which they can provide loans in only 2 ways: on a bank card online or in cash at a credit company branch. At the same time, 80% of companies in the microcredit market do not have their own branches and only provide loans online.
Over the past year, many new credit organizations / companies / unions have appeared. Each of them offers its conditions for cooperation, and also puts forward requirements for customers. You can familiarize yourself with them in more detail on the official websites of microfinance companies. We constantly monitor and add new ones to our catalog, we recommend that you follow the page refresh.
Following (View All)
Charlie Concord
edgarblythe
Aldistar
Ionus
Real Music

Followers
User does not yet have followers.
My Recent Posts
 
Tue 24 Dec, 2019 04:57 am - For me it was Aquaman. (view)
Tue 24 Dec, 2019 04:55 am - I don't read at all. Unfortunately I dont have time. (view)
Tue 24 Dec, 2019 04:54 am - In my country it is not cold at all. Approximately 18 degrees above zero. (view)
 
  1. Forums
  2. » mirandakariba86
Copyright © 2024 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.06 seconds on 12/02/2024 at 11:30:33