Follow the short process and if you are approved, receive your cash loan. 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 cash loans lexington sc 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. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.
These include: No Need to Apply. As long as your account has cash value, you can borrow against it no questions asked. Theres no need to apply for the loan or have your credit checked. Low Interest. According to Bankrate, the interest on a life insurance loan is usually between 5 and 9. This makes this type of loan cheaper than either credit cards or personal loans.
A Flexible Schedule. You have the rest of your life to pay back your loan. Unlike a bank or a credit card company, your life insurer wont cash loans lexington sc after you demanding payment.
However, this kind of loan also has some downsides, such as: Limited Value.
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