the Cost of Personal Loans

A personal loan for personal expenses. The fees are ducted from the amount requested. Loan repayment is for the period of fifteen years. The fees are for processing, documentation etc. The loan was for the amount of $9,600 not including the fees charged for the loan.

The loan was processed quickly and the check delivered on time. It takes approximately one week for the process to complete. The interest rate is a set rate plus the prime of each individual. so the better your credit, the lower the interest rate. It also depends on the time during which the loans are obtained.

When depositing the loan check into your checking account with your bank remember to personally go and deposit with a teller and not an automated teller machine. This could delay the availability of your funds. Even then, expect to have delays of at least one week from the time of deposit for the money to actually be available. This is more so for large amounts of money. There are other banks that do not charge the fees associated with the loan and considerable interest rates. As with any other service. It is best to take your time and search around as much as possible. Faxing of application and documents helped speed up the process.