The installment loan Fet bank has a term-independent interest rate. Compared to many other financial institutions, the interest rate on installment loan Fet bank is therefore not tied to the creditworthiness of the applicant. Thus, even persons with relatively low income can benefit from favorable interest rates. And while at many financial institutions, the interest rate may change even after application, the interest rate of the Fet bank is fixed over the entire term. The borrower can therefore calculate precisely when applying for an application which interest charge is due to him. Based on a loan calculator, the customer can calculate his monthly rate depending on the duration and the loan amount.
Conditions for installment loan Fet bank
The minimum loan amount for an installment loan Fet bank is USD 1,000. With a maturity of 6 months to 12 months, the interest rate is 4.88% per annum (at an annual interest rate of 4.99%). The total cost per 1,000 USD loan amount and 12-month term is 26.65 USD. If the term of the installment loan Fet bank is between 13 months and 48 months, the current interest rate is 5.75% per annum (the annual percentage rate is 5.90%). For a loan amount of USD 1,000 each, an interest amount of USD 91.12 must be paid for a term of 36 months. The same interest rates (as for a 13-48-month term) currently also apply for a term of installment loan Fet bank between 49 months and 72 months. With a term of the installment loan Fet bank of 60 months, a monthly installment of USD 153.00 per 1,000 USD loan amount. Lastly, the interest rate for a term of between 73 months and 84 months is 6.21% per annum (annual percentage rate is 6.39%). For every 1,000 USD loan amount, the monthly installment for an 84-month term is 235.59 USD. A processing fee is waived in all cases mentioned.
Course of application
Processing of the application for installment loan Fet bank will be carried out in three stages. First, an automated online check is performed. Within a few seconds, the interested party receives information about whether his application is accepted by the Fet bank. This commitment is subject to the successful completion of the credit check in stage two. For this, the applicant must send the required documents (eg account statements) by post. If the credit rating is positive, the borrower will receive the loan amount in his account within a few days.
A special repayment of installment loan Fet bank is possible for the first time after six paid installments. From then on this possibility is given at any time. The cost is 2% of the repayment amount, at least 50 USD. The Fet bank will not appeal to the 1-3 month notice period. In case of early termination of the installment loan, a processing fee of 2% of the remaining balance, at least 50 USD, will become due. For duplicate credit account statements Fet bank charges 10 USD per account per year. An interest certificate costs the borrower 20 USD. If the borrower wishes for the second time in a year the subsequent creation of a repayment plan, 15 USD will be charged. An unscheduled balance statement costs USD 5. Also, the establishment of an installment deferral is possible for a fee of 15 USD. For contract changes, shortened terms and renewals, the Fet bank calculates 50 USD.