A specific loan for digital devices!

A personal loan is a loan without accountability that can usually be used for any project. Best Bank distinguishes itself from the competition by offering a credit specifically for the purchase of digital devices.

The amount to be borrowed is limited and the maximum repayment period is relatively short, which makes it possible for Best Bank to offer a more interesting interest rate.

 

A loan intended for digital devices

loan

Do you wish to replace your computer with a more recent model or with a laptop? Do you dream of buying the most recent smartphone? Or do you think it is high time to purchase a tablet for easier surfing? If the answer to one of these questions is yes, then the digital loan is the ideal solution. Thanks to this personal loan from Best Bank , it is easy to purchase your dream device on credit. However, you cannot use the borrowed sum for other purposes: for example, you cannot use the borrowed amount to finance your vacation, but you can use the money to purchase a digital photo device.

 

Limited maximum amount and maximum duration compared to traditional personal loans

personal loans

With a traditional personal loan you can borrow a maximum amount that can range from a few thousand to a few tens of thousands of dollars , with a maximum term of up to 10 years. The maximum amount that you can borrow from Best Bank is 2500 dollars with a maximum term of 24 months. The minimum amount is 500 dollars and the minimum duration is 3 months. These limits are logical since this is a “customized” credit.

 

The result? A personal loan with the best interest rate!

The result? A personal loan with the best interest rate!

By offering a specific loan for digital devices, Best Bank can offer you unusually low interest rates. To better illustrate this, we will now compare the classic personal loan without accountability from Best Bank with the digital loan.

Simulation for a traditional personal loan without justification:

  • Loan amount: $ 1,250
  • Duration: 12 months (1 year)
  • APR: 8.50%
  • Total amount to be paid: $ 1,306.08

Simulation for a digital loan:

  • Loan amount: $ 1,250
  • Duration: 12 months (1 year)
  • APR: 2.40%
  • Total amount to be paid: $ 1,266.12

The result is clear: the APR is three times lower with a digital loan, with a not insignificant difference of $ 40 on the total amount to be repaid.

Leave a Reply

Your email address will not be published. Required fields are marked *