Cash loan for USD 15,000 with a repayment period of 24 months at Dlone Bank.
A loan of USD 15,000 can be used for many different things. It is important that this is a commitment that we can easily pay back on time. We will spread our loan over a period of 24 months, and the offer we choose will be DB cash loan offered by Dlone Bank. The nominal interest rate of DB cash loan is 6.85% per annum.
The bank charges a commission slightly lower than the interest rate
The commission here is 5.90% of the borrowed amount. The available loan amount is USD 1,000 to a maximum of USD 200,000. The maximum amount of the commitment is quite high and it will not be easy to find a similar offer. The available repayment period offered by Dlone Bank is from 1 to a maximum of 120 months. Such a long loan period also gives you a lot of flexibility in adjusting the number of loan installments to your options. If we can afford higher installments, you can opt for a shorter loan period, and thus less interest. As part of the offer, our borrower took a loan of USD 15,000 for two installments. From this amount, the Annual Real Interest Rate was 13.33% per annum. The borrower paid to the bank monthly installments of USD 710 each. At the end, the amount he had to return to the bank was USD 17044. He repaid USD 1,159 as interest.
A few words about the formalities related to the launch of a cash loan at Dlone Bank
No account is required at this bank to be able to take advantage of the offer, which increases its attractiveness. Creating a personal account is associated with additional costs of running it and if the borrower does not have one, he does not have to pay such additional costs. No guarantor is required, nor will we need any consent from my spouse. The bank does not provide the opportunity to take advantage of so-called credit holidays, i.e. stopping repayment of a loan for a given period.
We will need a statement of earnings
We can repay the commitment without consequence ahead of time, and we can negotiate the interest rate on our cash loan. Borrowers can apply for debt for any purpose at Dlone Bank without providing specific information on what the credited money will go to. The maximum commission for granting a loan is 10%, but you also have to take into account that the bank charges a preparation fee of USD 1,400. Fortunately, we don’t have to insure our liabilities, which is important because it doesn’t give us additional costs.