If you need money fast, a personal loan is one credit line option. If you still have questions about how this type of financial transaction works, this article will clear them up.
We will explain how a personal loan works, who can get one, how repayment is made, and other questions related to the subject.
The most common reason for people to seek a personal loan is to pay off one or more debts with higher interest rates, such as credit cards and overdrafts.
| Positive Points | Negative Points |
|---|---|
| The loan rates are among the lowest in the market, ranging from 8.65% and 8.95% | The minimum age to apply for a loan is 18 |
| The loan terms can be up to 60 months | It is necessary to have a good credit history to get credit approval |
But there are those who resort to this type of credit for other purposes, ranging from home renovations to business investment and emergencies.
Unlike other modalities, when taking out a personal loan you don't need to justify the reason, which guarantees more freedom in using the money.
If you are already a bank account holder, for example, you probably already have a pre-approved amount. But regardless of how much you need, first you need to establish how much you can afford.
If you go for a much larger amount than your budget can handle, you may end up in debt again, and the chances of approval will certainly be lower.
When making a personal loan simulation, the financial institution will analyze your data and your financial income.
The amount of the loan will be based on the information you provide, which is why it is so important to keep your personal data always up to date. Doing an analysis is essential, so that you can make a good deal and meet the installment payments.
| Benefits | |
|---|---|
|
Online and in-person application
|
Online and in-person loan application process |
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Approval
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Fast approval through the institution's website |
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Ease of application
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You have one of the easiest loan applications on the market |
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Point network
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Wide network of payment points, always close to you |
Make an analysis of the conditions offered to make sure that the loan installments will fit in your pocket. With this we will show you a little more about the AIB Personal Loan.
Online Values
The AIB Personal Loan amounts range from $1,000 to $30,000, and these amounts are released by applying online. So click on the button below and apply for your loan.
I Want My LoanIn-person loan amounts
For those who need higher amounts, the AIB Personal Loan has the option of requesting amounts up to $75,000, and these applications must necessarily be made in person.
Approval
The approval of the AIB Personal Loan is one of the fastest in the industry, being approved in a maximum of 3 hours, making it easier for those who need money quickly and safely.
To find out more information and apply for your loan, click on the button below.
I Want My Loan
