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Personal loans are generally smaller loans for personal expenses which are granted quickly and without many formalities. There are many advantages of personal loans over bank loans, the principal of which are:
Speed of delivery —
With personal loans, you do not need to wait a long time for approval like with a bank. In fact, online personal loans are available 24/7, from anywhere you like, and the money can be deposited in your account in as quickly as 5 minutes!
Comfort —
With our partners, you do not need to visit one of their offices or speak to a consultant. The entire process takes place online, meaning you can do it all from the comfort of your own home!
Lack of formalities —
Due to the smaller nature of the loans, and the speed at which our partners operate, you will not need to fill out as many forms or provide the type of documentation that is usually required for a bank loan. Simply select an offer, provide the financial organization with your personal information and bank account number, and get the money you need in minutes!
No need for a perfect credit score —
Unlike banks, our partnered financial organizations do not require you to have a high credit score to be eligible for a loan. A low credit score is a barrier for many seeking financial aid, but our trusted financial organizations are here to provide a solution!
You borrow, you decide —
Personal loans are just that – personal. That means, you can use the money you borrow for any purpose you choose. Unlike bank loans, financial organizations do not require you to provide them with receipts or other proof you spent the loan on the thing you applied for!
No collateral —
Unlike bank loans, our partnered loan providers will not ask you to stake any of your assets as collateral. This means in the unfortunate event you are late with repayment, your primary assets such as your home and car are safe from seizure!
*We always recommend you repay your loan promptly, per the conditions stipulated in your contract. Failure to do so may result in surcharges and legal ramifications.
Who is eligible for a loan?
Cashspace acts as an intermediary, and will connect you with our partner organizations, and it is ultimately up to them who will receive an offer. However, this is what we can tell you now:
Cashspace collaborates exclusively with financial organizations specializing in loans – not commercial banks -because we want to provide our customers only with the best offers on the market.
Financial organizations specializing in loans are far more likely to accept your request, regardless of your credit history – in fact, 97% of all requests are accepted!
Our partners understand that anyone can find themselves in need of money – that’s why they’re far more likely than banks to approve your application. Just ask any of our 312k satisfied customers!
What documentation do I need to apply for a loan?
The specific documentation required varies between the financial organizations that will ultimately provide you the loan. The beauty of Cashspace is that you can select the lender that requires only the documents you are willing and able to provide! Typically, lenders will only need basic proof of identity such as an ID card and your TAX number, as well as proof that you are a citizen of the country.
How long do I have to repay the loan?
The specific terms of the loan depend on the offer you choose from one of our partner organizations. However, with the wide array of choices Cashspace provides, you can choose the offer that works best for you! Remember to always choose a repayment time frame that is realistic given your personal financial situation.