When you need some money to cope with an unforeseen event, or simply to carry out a project for which you haven't been able to save enough, but for which you don't want to wait, the first thing you think about is how you'll have to pay it back.
And how much it will end up costing you to do, since you will usually face interest. The problem is that you may not know how to calculate a personal loan, but don't worry, because today you don't leave Lendo without making it clear!
Yes, you are fully aware that you will end up paying more money than you borrowed, but you need to know how much more and how you can afford it.
| Positive Points | Negative Points |
|---|---|
| By applying online, personal loan applications receive an immediate response | Proof of income is sometimes required for approval of the requested loan |
| Instant crediting, provided the bank account is correct | Proof of residency is required to apply for the loan |
This is vital in order to know whether or not it will be feasible to cope with that loan both at that point in time and during the time that elapses until the full amount of the transaction is completed.
We are going to tell you how to calculate your personal loan so you won't be surprised, what details you should pay attention to when doing so and, of course, a very simple way to do it without having to waste time with certain procedures. Take note because it matters to you!
So you need to make it clear, for example, that the amount you are going to ask for is the principal of the loan, also called 'value' or "principal".
Or that interest is the extra cost you will have to pay to get that capital, i.e. the benefit you will get from the entity that decides to lend you the money you need. Now, interest may not be the only amount of extra money you must face in order to obtain the capital you are requesting.
A clear example of this are commissions , amounts that must be faced on certain occasions for the simple fact that a loan is granted or, even more common, for cancelling the loan before the established date.
In other words, for returning in advance the amount that was due to you, as compensation to the entity for the interest that will no longer be charged.
| Benefits | |
|---|---|
|
High values
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High amounts can be requested |
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Compatible interest rates
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Interest rates compatible with the market |
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Repayment conditions
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Longer payment terms |
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Ease of application
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You have one of the easiest loan applications on the market |
After this information about the loan, we will show you everything about the Splash Personal Loan.
Values
The Splash Personal Loan amounts range from $1,000 to $100,000, and you can apply for any amount on the very first application. To learn more and request your loan without bureaucracy, click on the button below.
I Want My LoanReleasing the loan
The Splash Personal Loan is released within 1 business day after credit approval, making it easy for those seeking fast cash for an emergency.
Rates
Splash Personal Loan rates range from 6.99% to 35.97%. The rates vary according to each request, but the applicant already knows the values of the rates at the time of application. To learn a little more, click on the button below and request your loan.
I Want My Loan
