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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.
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Take a loan with a bad credit history
Microfinance companies, when checking a client who submits an application, usually check his credit history.
But if you are not a malicious non-payer who has at least 3 open loans in different companies with a delay of 90 days or more, but you simply once did not have time to pay and went into the red for a couple of days, you will still be approved for the loan.
Brokers do not pay attention to small flaws in the credit history, giving a chance to every client.