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1Apply for free in 2 min.
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Loan Amount

Min $5,000 - Max $250,000
Loan Period

Min 1 year - Max 5 years

EXPECTED MONTHLY PAYMENT

Based on 7% borrowing rate

$1,162 / MONTH

Price example: Total credit amount USD $100,000 - Maturity 120 months - Variable
borrowing rate 7% - APR 7.24% - Etb. USD $1,000 - Total repayment: USD $140,190
- Total credit costs: USD $40,190 - 14-day right of withdrawal

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WHAT OUR CUSTOMERS ARE SAYING

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started in 2013. needed to set up and Axosfin Transact came to my rescue. Now i
have a fully flegded business that ive been running for five years now.

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WHAT OUR CUSTOMERS
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Zachary Taylo

LOCAL BUSINESS OWNER

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ARE THERE ANY ADVANTAGES IN APPLYING FOR A PERSONAL LOAN ONLINE?

Yes, applying for a personal loan online saves you a considerable amount of time
and effort, given that you can do it from the comfort of your house. The
application process is also completely secure.

WHAT ARE THE REQUIREMENTS TO GET A LOAN OFFER?

- You must be at least 18 years old
- You must have permanent residence in United States
- You are not registered in the RKI / Debtor Register (DBR)

The offers you receive are preliminary offers, which are provided that the
information you have entered, are correct.

At the same time, you must sign the loan offer with NemID before the bank can
pay out your loan.

WHAT IS THE MAXIMUM SUM OF MONEY THAT I CAN BORROW FROM A BANK?

The maximum sum of money that you will be able to borrow from a bank will vary
based on a number of factors. If you are a salaried employee, your monthly EMI
should ideally not exceed 30% of your monthly pay. Also, the bank/NBFC will take
into account if you have any existing loans for which you pay EMIs. Individuals
who are self-employed will be offered a loan amount as per the profits that are
earned through their business. The concerned individual’s other financial
liabilities will also be taken into account. The maximum loan amount offered
will also depend on the lender’s own terms and conditions.

WHAT IS THE REPAYMENT TENURE FOR PERSONAL LOANS?

Most banks/financial institutions allow borrowers to choose a loan tenure
between 1 year and 5 years, based on their convenience.

WHY IS IT IMPORTANT TO HAVE A GOOD CREDIT SCORE?

AIf you have a good credit score, the chances of you being offered the loan at a
low interest rate are quite high. Your credit score indicates your
creditworthiness and your repayment ability. If you are looking to apply for a
personal loan, it is advisable to maintain a credit score that is over 750.
Individuals with a very low credit score may be denied a loan altogether, while
those with a moderate credit score may be offered a personal loan, but at a high
interest rate.

IS PRE-PAYMENT ALLOWED FOR PERSONAL LOANS?

Certain lenders may allow you to pre-pay the loan amount, based on their
respective terms and conditions. It is likely that you will be charged a
pre-payment fee. Thus, if you intend to pre-pay your loan during the loan
tenure, make sure to check if your lender allows this.

WE'RE ON A MISSION.

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