MoneyMagpie

Dec 11

Types of loans you can get from Personal Money Network

Reading Time: 4 mins

 

In today’s time, it is common for all of us to engage in financial issues at some point in life. Whenever a sudden calamity befalls upon a person, it is normal for a lot of people to take stress. However, thanks to financial institutions that help people in getting out of such chaotic situations. One such company that offers people short term loans to cop out of a sudden financial crunch is Personal Money Network. The most intriguing part about this company is that it provides short term loans, which can be returned in instalments. Here, in this article, we will guide you through different types of loans that are offered by Personal Money Network:

  1. Payday Loans

A payday loan, also known as a cash advance is a short term loan that is to be returned within a few days. So next time you suddenly engage in a financial calamity, you can take help from Personal Money Network to get your problem solved. Such loans are to be paid within two weeks, however, in some cases the company also allows lenders to back within 45 days. If you feel uncomfortable in returning this loan amount, you can also get instalment loans with longer time for repayment. If you have a credit card and need a payday loan worth $500, you can easily apply for it. The most ironic thing about payday loans is that you can apply for them within minutes. However, one drawback of applying for a short team loan is that the interest rate is very high. For instance if you apply for a loan amount between $15 to $35, the interest rate could be as high as 200%.

  1. Instalment Loans

This kind of loan is cliché and is often applied by a lot of people. Just like other kinds of loans, you can pay back the amount borrowed in instalments. So if you suddenly fall short of expenses, don’t think instalment loans are not available for you. The most intriguing thing to note about this kind of loan is, you get to choose the kind of payment plan that suits you. Even if you have a poor credit history, instalment loans will help you in tough financial situations. Secondly, Personal Money Network doesn’t require chaotic paperwork, so you can easily apply online. Unlike conventional financial institutions online, this company connects you with a network of multiple lenders who can help your business. You can get as high as $1000 through an instalment loan.

  1. Short Term Loans

Even if you think you know the art of managing everything, you’re wrong. Keep in mind, you will come across several situations in life where you will have to rely on short term loans to meet your financial needs. In simple words, getting a short term loan means solving an immediate financial issue. Most borrowers are obliged to pay back within a few weeks. For instance if you ever come across an issue where you have to meet a sudden expense, applying for a short term loan on Personal money Network is going to be a good option. Secondly, if you think, you can’t apply short term loan with a bad credit history, you’re wrong! Though short term loans are usually between $100 to $1500, borrowers usually apply for loans that are less than or equal to $1000.

  1. Bad Credit Loans

These kinds of loans are very difficult to borrow from lenders since you were not good at managing money before. However, this is where the Personal Money Network can help you in applying for a bad credit loan. If you want to apply for a hefty amount, getting a bad credit loan can be a tough job. However, there is no need to worry because Personal Money Network understands how difficult it is for some people to manufacture a strong financial history with a poor credit record. This company works with many lenders to help people apply for bad credit loans. So next time you plan to apply for a bad credit loan, go for multiple options because the company allows people to move out of their comfort zone and make decisions that stretch over some time. People who have bad credit loans usually have late returning habits. So if you have any, it is better to develop good money returning habits to apply for different kinds of loans in future.

 

How to Apply for a Suitable Type of Loan on Personal Money Network?

Personal Money Network is an easy platform that allows its customers to easily get what they want without any hassle. If you want to apply for one of the loans mentioned above, you have to go through a simple process. Unlike other conventional financial institutions that have an archaic process of paperwork, Personal Money Network makes sure that customers don’t have to go through any trouble when seeking loan from this company. They have 24/7 customer service and happily walk people through the application process. So don’t worry when you visit their website for the first time. No one can deny the fact that financial problems continue to rise with time passing by, but there is certainly a solution for every problem. You need to somehow find ways to save money. However it is important to be mindful about applying for a loan. Only If you can pay back in a short time, should you apply for a short term loan otherwise consider other options.

 

WHAT DO YOU THINK?

0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Related Articles

Experian Financial Control
 

Make Money and Save Money

ideas for everyone
 
Send this to a friend