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Tips for Online Loan Applicants

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  • Tips for Online Loan Applicants

    There are a lot of loan companies tapping the different social media giants like Facebook, Twitter, LinkedIn, to name a few. Now, what are the things to consider when getting a loan online?
    Here are some tips:
    1. Get the lowest interest rate between 1.5℅-3.5℅ monthly or a compounded end of term 5℅-10℅.

    2. Go for loans with the longest payment term so you don't have to worry about repaying it since long-term loan amortizations for a small loan amount is very affordable and easy to pay.

    3. Be wary about companies which deduct advance interest. There shouldn't be any.

    4. Pick one that doesn't have any processing fee.

    5. Applications should be direct to the main company site and not thru an intermediary site or person.

    6. Before applying for a loan check the company first, Google it for scam reviews, commentary and articles. If all is good then proceed with your application.

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