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Calculation Example:
Example: A loan of $100,000 at a 10% annual interest rate over 12 months results in a total repayment of $105,499.06, with monthly installments of approximately $8,791.59.
Disclaimer: All financing terms are subject to applicable U.S. regulations. Borrowers are advised to carefully review all agreements and understand their responsibilities before accepting any offer.
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Long-term loans are distinguished by a convenient payment schedule and a relatively low interest rate. To obtain it, documents and papers are not required, which saves you time and effort.
You do not need to put anyone as a guarantor or put up any movable or immovable property to secure this loan.
It is worth noting the fact that microfinance organizations do not check your banking history and do not need your salary certificate for several months, unlike banks.
Also, if you have a bad history, you can fix it with this loan.