Small loans: what they are for
The demand for credit certainly does not end with the request for financing for the purchase of the home or more generally with mortgages. Credit access needs often involve small expenses, such as buying a consumer good or paying taxes. In general, the most sought-after solutions are distinguished by the amount, rather low, or by an amortization period as small as possible. The vast majority of lenders have intercepted this need and introduced specific financial products. Among these we find Fine Bank. Let’s find out what the Fine Bank small loan offer consists of. An assessment at michaelantony.tv
Fine Bank: the offers
- Multiple loan. It is aimed at all individuals between 18 and 80 years of age (upon expiration) who face expenses other than the purchase of a home or an asset for productive activities. The amortization period ranges from two to 20 years, the amount ranges from 2,000 to 75,000 USD. The rate is fixed for amounts up to 50,000, it can be variable in case of higher figures. There is the possibility of postponing a maximum number of installments, starting from one year from the payment of the first.
- Superflash loan. It is aimed at young people between 18 and 35, even without a permanent job, as long as they have worked in the past 18 months. The amount can range from 2,000 to 30,000 USD, the rate is always fixed and even in this case there is the possibility of postponing the installment.
- Loan for you. This small Fine Bank loan is very particular, because it is outside the classic financing mechanisms. The taxpayer is not paid the amount in a single solution, but gradually, according to his needs. Basically, whenever the funded person needs money, the payment is triggered. In case of unused money there is no penalty and the payment of the related installments. For each individual loan it is possible to decide both the amount and the repayment duration.
- Social Institute Pensioners Loan. This form of small Fine Bank loan is aimed at Social Institute pensioners who have not turned 84 at the time of the request and 86 at the time of expiry. Another requirement regards income: it must not be burdened by the presence of a transfer of the fifth. The amount varies from 3,600 to 75,000 USD. The repayment term is never less than 2 years and never more than 10. The rate is fixed, but it depends very much on the age of the applicant and the amortization periods. There is the possibility of early repayment, in this case an increase of 1% is paid, if the residual period exceeds one year, of 0.5% if less than or equal to one year.