APR INFORMATION. Annual Percentage Rate (APR) is a measure of the cost of credit, expressed as a nominal yearly rate. It relates to the amount and timing of value received by the consumer to the amount and timing of payments made. We cannot guarantee any APR since we are not a lender ourselves. An APR can generally run between 6 up to 35. Loan products general have a 2-month minimum repayment term and a 84-month maximum repayment term.
Bonsai Financial helps to narrow down your lending search by matching you with competent companies. Our company specializes in finances. We understand the limitations that borrowers are met with. Speedy Delivery. Quick access to cash is the most attractive part of a payday loan.
Many offer same day delivery. Most companies have money in your bank within a few days. A deposit is usually made to your bank account after the paperwork is approved.
The higher the number, the better your score, and the easier it is to get approved for loans. Many lenders consider consumers with scores of 620 or lower to be a bad credit risk. If you have a bad credit score, or have not borrowed before, Spotloan can help you get money fast. No collateral is required. Only you can decide if a Spotloan is right for you. Banks, credit cards, or even friends and family may be able to offer you better loan terms.
We encourage you to check with them before you apply for a Spotloan.
An agreement can also include clauses that will change the loan into a gift if they are completed, such as college graduation. This way both parties are clear on all conditions. One of the best ways to draw up your loan agreement is to use our Loan Agreement Template.
Our loan agreement template allows editing on screen while you complete the agreement. It is easy to print out drafts of the agreement until both of you reach an understanding. The loan agreement template includes sections to describe the amount of money being provided and how it is to be paid to the second party.