## A cash loan in the amount of $ 4,000.00 for a period of 60 months

The borrower incurs a liability of $ 4,000. He does not have a lot of creditworthiness, so he wants to spread the loan over a period of 60 months. We will check the offers of such banks as Good Credit, Good Finance Bank and Cream Bank for him.

A borrower who decides to take out a cash loan from Bank Good Credit can count on an interest rate of 8.70% per annum. The APRC has a value of 15.48% per annum, and the commission charged by the bank for granting the loan is 12.50% of its amount.

## With a loan of $ 4,000 for a period of 60 months

Each installment will be $ 82.45 here. The loan will cost a total of $ 1,447.13, of which $ 947.13 will constitute the total amount of interest repaid by the borrower. The amount that we can borrow at Bank Good Credit is a minimum of $ 1,000, while a maximum of the bank will lend us $ 150,000. As for the loan period, the liability can be spread over a maximum loan period of up to 120 months.

A borrower who decides to use a cash loan in this bank will pay monthly payments of $ 84.99. The total cost he incurs from this obligation will be $ 1,498,89, of which the total sum of interest repaid by him will be equal to $ 1,099.29.

## The borrower’s earnings statement will be required

The loan via the Internet at Cream Bank offers us a nominal interest rate of 9.99% and an actual interest rate of 15.89% per annum. Credit costs do not include a bank commission of 11.60% of the loan amount. The commitment made at this bank will give us monthly installments of $ 94.82 each.

The loan will generate a total cost of $ 1,689.49, and the total amount of interest repaid will be $ 1,225.49. It is an online loan which gives the possibility to incur liabilities ranging from 500 to a maximum of 4,000 $. The loan period is from 3 to a maximum of 60 months.