Do you need a consumer loan for a sum between $ 1,000 and 20,000? If so, you have found the right player, because when it comes to loan amounts of this size, Lite Lender is clearly the people’s favorite. This is a provider of so-called small loans, which is good for those who need money in a short time, but where there are no big sums. If you are lucky you will receive the loan on the account the same day you apply!
Terms and prices
Lite Lender is in a somewhat unique position in Norway as they are one of the few loan providers offering loans of as little as $ 1000, with a maximum limit of only $ 20,000. With a loan of $ 2000 you have to repay the loan after 30 days, and then the effective interest rate becomes somewhat scary 1243 per cent. However, this does not amount to more than $ 81 in interest costs thanks to the short repayment period. And with a low setup fee of $ 350, it doesn’t have to cost you too much to borrow money from Lite Lender.
The set-up fee is fixed $ 350, no matter how much or little you choose to borrow. The termination fee is $ 45 and is charged monthly. Depending on the amount you borrow, the repayment period will also vary, from as little as 1 month to 12 months at most. The effective interest rate is also very variable depending on the size of the loan.
Benefits of the consumer loan
The main advantage of borrowing from Lite Lender is that you can borrow small sums that other banks do not offer. In addition, the loan is paid off very quickly, so that Lite Lender is the optimal provider when you need quick money to pay an overdue bill or for other reasons should have an urgent need for money on account. On the smallest loans, you pay almost nothing in interest, and the fast turnaround time alone is a good reason to choose Lite Lender when you need a small loan.
Apply for Lite Lender Small Loans
You can easily apply for small loans / consumer loans from Lite Lender through the company’s website. The application is so easy to complete that it takes a maximum of 1-2 minutes, and there is no need to document income or provide collateral for the loan. Also, Lite Lender does not have very strict search criteria for granting your application. If you are 20 years old then you have passed through the search criteria at Lite Lender.