Non-bank loans: Consumer loans for anything

In addition to the one-off loan approval and installment fees, the savings bank cooperates with an annual fee for managing the loan of USD 720 per year (ie USD 60 per month). This is similar to that of a bank.

You must be at least 18 years old to get this non-bank loan from Good Finance. In addition, personal identification documents and proof of income are required.

Non-bank loan for anything without restrictions

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The provider of this non-bank loan is the savings bank Cooperative Good Finance. So it is not some dubious financial company that you would have to worry about usury interest or other disadvantageous conditions.

Consumer Loan from Good Finance Cooperative is offered from USD 10000. The upper limit of this loan is unlimited – it is based on the guarantees provided and is determined based on your ability to repay.

The basic interest rate on this loan is even more advantageous than what banks usually offer. The minimum interest rate for this non-bank loan is only 6% (for many bank loans it can be 7-12%).

The loan approval fee is the same as the fee charged by banks, ie 1% of the loan amount, at least USD 100 and the maximum amount depends on how much you borrow. These are similar conditions to bank loans. There is also almost always a one-time fee of 1% (exceptionally, the fee is lower, eg 0.8%, and indeed very rarely loans are currently provided without this fee).

The maturity of this non-bank loan can range from 1 to 180 months

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This is quite a lot of variable maturity. As a result, the loan from the Good Finance savings cooperative can be used as a short-term loan for only a few months and at the same time as a long-term loan for up to 30 years. This may be useful, for example, when financing housing or other long-term expenditure.

In addition to the one-off loan approval and installment fees, the savings bank cooperates with an annual fee for managing the loan of USD 720 per year (ie USD 60 per month). This is similar to that of a bank.

You must be at least 18 years old to get this non-bank loan from Good Finance. In addition, personal identification documents and proof of income are required.

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