As the name implies, a loan is a way to borrow a certain amount of money from your institution and then make repayments until the total amount is repaid.
As this is a way of acquiring credit that is much sought after by people, to meet this demand there are several modalities available in the market that suit every need.
The personal loan is one of these modalities. It is generally more sought after when the person wants more freedom in using the money. It does not have a specific purpose, and also when you need the money with more urgency.
| Positive Points | Negative Points |
|---|---|
| The institution does not require any type of guarantee for the application | All required documents must be active |
| First Bank offers one of the fastest services in the loan business | You must be of legal age to apply |
Since it is a direct agreement between the individual and the institution, the amount is usually released more quickly. One of the biggest drawbacks of the loan is precisely its fees, which, due to the faster release of the money, can be higher compared to other types of credit.
Although one of the advantages of a personal loan is that you can use the money as you wish, it is recommended that you define in advance how you will spend the money.
Understanding where the money will go will prevent you from getting bogged down and the amount borrowed not being enough in the end, which can be a big headache.
It is very common to see advertisements from institutions offering credit to individuals with very attractive promises, low interest rates and very long terms. Beware of these extremes!
The ideal is to seek this help in an institution that is reliable and has credibility in the financial market.
This is the case with First Bank, which has years of experience in the financial market, with credibility and participation in making dreams come true.
| Benefits | |
|---|---|
|
No bureaucracy
|
There is no bureaucracy when applying for a loan |
|
Approval
|
It has one of the highest approval rates in the segment |
|
Credit history
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The credit history is not checked at the time of enrollment |
|
Reference
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One of the most requested loans on the market |
In this article, we will show you the reasons that make First Bank your best option when hiring personal loans.
Fixed rates
The institution offers fixed and low rates, that is, it guarantees to the applicant peace of mind not to pay each month a divergent amount, due to the loan's rates.
If this is what you are looking for, click on the button below and see more.
I Want My LoanNo guarantees
First Bank also offers a service without the need to present any type of guarantee. This way, your property or automobile will not be at risk.
Agility
The institution has one of the fastest accesses to the amount you need, in a few hours you will have your money in your current account.
If these and other benefits fit what you are looking for, click on the button below and guarantee it.
I Want My Loan
