Loans – how to apply and who can borrow?On November 2, 2019 by Leo Ramey
At lending companies, you can take micro loans between USD 1,000 and 5,000. However, if you are a new customer, you can only borrow up to USD 3,000 for the first time. Even if you cannot borrow their maximum amount if you are a new customer, there are actually advantages to being a new customer. This is because they have a strongly discounted price to their new customers.
How to apply for a loan
If you choose to apply to borrow money from lending companies, you can do this easily by filling out the application form available on the website. A good thing is that they do not use any application code, which means that you do not have to pay anything for an application. Whether you get approved or not, it won’t cost you anything like it does with many others. You also do not have to go an extra step in the process.
Applications can be submitted at any time during the day, but they will not be processed if the application comes outside of customer service opening hours.
Who can borrow?
To borrow money you must be 18 years old. Lenders who may want to lend money to people who have payment notes. In addition to this, it is usually required that you have an income that the company feels is large enough for you to be able to repay the loan. A credit check will be performed that will determine if you can borrow money or not.
Since we wrote earlier, you as a new customer can borrow up to USD 3,000, while repeat customers can borrow USD 5,000.
Lenders offers the following types of loans:
- Micro loans up to USD 3,000 for new customers.
- Micro loans up to USD 5,000 for repeat customers.