How to get a credit card in a bank? Hawaii

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

    How to get a credit card in a bank?

    The fastest way to get a loan online is at the MFI. On average, microfinance organizations process applications within 20 minutes, while at a bank it can take up to two business days.

    These MFOs owe a simplified lending system: they have fewer requirements for borrowers. It does not process certificates of income and ownership of property, it is not necessary to involve guarantors and collect their documents.

    In addition, even people with a bad credit history can count on loans, because microfinance organizations provide loans almost without refusal. MFIs take the risk of lending to clients with poor credit scores, but they also charge more interest on loans than banks.

    Commissions for using a loan in microfinance organizations can reach up to 2% per day, on average up to 700% per year. The bank takes an average of 40% per year for a loan.

    Another advantage is that here you can get a loan from 500, the bank does not lend for small amounts. But it is also worth considering that you will not take a large loan from an MFI: on average, the limit for the maximum amount is 20,000.