BOQ Personal Loan
The BOQ Personal Loan is being one of the most requested for offering one of the lowest rates to its applicants and having one of the longest payment terms.
A very effective tool, to get out of a jam or to make some kind of investment, is a personal loan. A personal loan is a type of contract or banking product that a user acquires in order to obtain immediate liquidity.
The user requests it from a credit institution or lender in exchange for a commitment to repay the amount plus the corresponding interest.
The user may agree to pay in periodic or installment payments, these are loans that generally do not have a special guarantee of collection.
| Positive Points | Negative Points |
|---|---|
| The applicant will have one of the lowest rates in the market, being 10.99% per year | The applicant needs to present an identification document |
| It has a payment term of 1 to 7 years, which is considered one of the best in the market | Must be 18 years of age or older to acquire the loan |
There are 3 elements that make up a loan: term that you have to pay back the personal loan plus interest.
Interest which is the price the user has to pay to dispose of the capital and Capital which is the amount or quantity of money requested by the banking or lending institution.
Personal loans are simple lines of credit that banks offer to their clients, and although they do not have a defined destination, they are generally used to acquire goods to get out of an unexpected situation or even to pay off other loans.
Nowadays, contracting is very simple, you may even have received an invitation for a personal loan on some occasion through ATMs, e-mail, or even text messages.
Usually, these loans come pre-authorized and it only takes a few clicks for the money to be deposited directly into your account.
As for payments, personal loans usually accept early or even full payments without penalty, which can allow you to reduce the amount of your monthly payments or the term.
| Benefits | |
|---|---|
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No hidden fees
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No hidden fees for the loan application |
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Security
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Security system in place to prevent fraud |
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No paperwork
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No paperwork when applying for a loan |
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Ease of application
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You have one of the easiest loan applications on the market |
In this article you can learn more about the BOQ Personal Loan that is being one of the most requested in the country, for offering one of the best advantages in this segment.
Principles
BOQ Personal Loan is being one of the most acquired for offering excellent service and innovation to the applicants. To find out more information and get your loan, click on the button below.
Repayment flexibility
The BOQ Personal Loan is being one of the most sought after because it offers payment terms that suit the applicant's budget. The installments can be paid weekly, fortnightly or monthly.
Releasing high values
The BOQ Personal Loan is being one of the most acquired in the country for having the release of high values to the applicants. To make your request click on the button below.
