The name itself, namely the Ready word, clearly shows that this type of loan can be handled very quickly, but also very simply.If you are particularly interested in what the Ready loan can offer you specifically, let’s take a look at the basic characteristics of this product. This is a classic non-bank loan that will offer applicants amounts in the range of 5,000 – 50,000 dollars. And with certainty of quick processing, as the money can be available within 48 hours of the application itself. This makes the loan useful both when you want to solve financial problems and when you are looking for money for the necessary investment.
You know that … you are not limited in the use of money, so it is up to you to spend it. There is no need to prove it.
What are the terms and conditions of the Ready loan?
The second important piece of information is definitely what the ready loan has to get. These are not significantly different from conventional non-banking companies. Therefore, if you are interested in getting money, you need to meet three main conditions, which are as follows:
- Permanent residence
- Proven employment and sufficient income
- Own bank account
Certain conditions are, of course, further elaborated, for example, so that the income itself may be from employment or business, and in addition to your bank account, you also need to have an email address and telephone. And to facilitate the contact itself. In addition, it should be noted that you must not be enforced or insolvent at the time of your application. What is not a problem, however, is the records in the registers. Indeed, the company clearly confirms this quote: “Can I get a loan even if I have an entry in the registry? Yes. If you prove your sufficient and regular income, we can grant you a loan. “
How can I apply?
Of course, it is possible to apply for a loan very simply through the Internet, ie online. Just fill out the short application form and wait for approval. This takes about 60 minutes and within this time you will find out if your credit has been approved. And if so, all you have to do is supply the necessary information and confirm the contract.
Loan interest rate
Although everything looks very quick and simple at first glance, there are some possible complications. We must mention the fact that the loan is associated with higher interest rates. If we are to be specific, for example, for a fifty thousand sum, which we take for a period of 48 months, we will pay slightly over 3,000 dollars per month in one installment. This means that we will overpay approximately 100,000 USD, which corresponds to the APR, which is also around 100 percent.
Attention: It is therefore a good idea to consider whether we want a loan, or at least to use smaller amounts and shorter maturities, which gives the loan a little more advantage. Perhaps at the APR about 30 percent.