Applying and getting approved for a personal loan gives you access to money that you do not currently have at a time you need it. Personal loans can be used in a wide range of purposes. Whether it is a medical emergency, a dream vacation, payment for school fees or to fund a gadget purchase, a personal loan can give you the financial bump that you need for any personal purpose you have in mind.
Personal loans are short-term loans. You can borrow a small amount of money, up to less than $100,000 to be repaid for as long as 7 years, depending on your bank of choice or the lending company that handles your application.
Unlike home loans that can go for 15 years, repaying a personal loan is usually within a shorter period, but with interest rates that can be as high or even higher than home loans. The interest rate of your loan is also determined by your credit score. Good or excellent credit ratings have lower interest rates compared to credit histories with missed payments or paid defaults.
Intellichoice Finance can help you in getting a personal loan suited for your needs. Looking at fulfilling a dream vacation? Intellichoice have the right lender for you. Looking to finance a boat purchase or for funding a cosmetic surgery procedure? Intellichoice Loan Specialists can assist you. Just send us a message or leave your questions in our contact page and we’ll find the best finance solutions that suits your needs and budget.
Personal loans are limited to personal consumption and cannot be used to finance a business or purchase assets for a business. If you are looking for financial assistance in these areas, our Intellichoice brokers can find a suited financial lending option for you.
Applying for a personal loan requires several financial documents which include:
Most banks and lenders will access your initial rate prior to application. This is just a way to measure your financial risk as a client and will not affect your credit score. Intellichoice Finance can assist you to identify this. The application can be done online or through our loan specialists. Submit the required documents and wait for approval. Funds are deposited directly to your account after the finalization of the loan approval.