What is a Personal Loan?
A personal loan is flexible in many ways. It is a sum of money that is borrowed, and has to be paid back over a period of time. The money can be used for whatever purpose that the borrow wants.
Personal loans usually have a fixed interest rate and a fixed monthly installment, along with a repayment period of between 1 – 5 years. In most cases, individuals are given the flexibility of choosing their preferred loan tenure. This allows for a borrower to be in full control of their ideal and desired repayment schedule.
– Up to 4x of your monthly income
– Up to 14x of your monthly income
(if annual income is above $120,000)
Repayment Period: Up to 5 years
Interest Rate: 6% – 9% p.a