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Benefits of Prime Credit Application Instant Loan:
Personal loans are not only limited to fulfilling your desires, but it also offers many more benefits than other types of loans. Benefits The Prime Credit application or website makes the journey easier. The benefits of taking instant personal loans are mentioned below:
1. Nominal Documentation:
Easy personal loans are happiness. The process of taking personal loan has been simplified with minimal documentation as compared to other loans. Apply for a quick loan online through the Prime Credit Application and receive instant personal loans with minimum requirements and documentation.
2. No Collateral:
Personal loans are not secure in nature, which means that no one has to pledge or pledge to take a personal loan. The Prime Credit Application helps you with the one-click process.
3. Quick Access:
Taking out a personal loan is not rocket science, getting an instant personal loan online is really easy and simple. For low interest instant loans and easy loans, Prime Credit application is the best platform to choose the application or website. Get instant payments through a personal loan in a few simple steps with Prime Credit loan application.
4. Spend anywhere you want:
There are no restrictions on where you can spend your personal money. This could be for planning your trip or renovating your new home. It is accessible to anyone and everyone. With Prime Credit Application, your instant online is just one tap away.
Features:
1. 100% Online process
2. Fast and Quick approval
3. Immediate and very quick bank transfer
Eligibility:
1. Malaysia's resident
2. Above the age of 18 years
3. Should have monthly source of income
Frequently Asked Questions (FAQs) for Personal Loan:
1. Where can I get an instant loan online?
• Get an instant loan online with Prime Credit Application. Just download the Prime Credit loan application on Android via the play store or log in to the website and get started.
2. Can I get an instant loan without documents?
• The process of taking personal loan has been simplified with minimal documentation as compared to other loans. Apply for a quick loan online through the Prime Credit Application and receive instant personal loans with minimum requirements and documentation.
Terms:
• Minimum 3 months repay the loan (Minimum period for repayment)
• Maximum 5 years repay the loan (Maximum period for repayment)
• Max Annual Interest Rate (Maximum Annual Percentage Rate (APR)) of loan is 18%.
• Processing charges (Cost of the loan) 10 % of loan amount
For example
==========
Loan Amount: USD 1000.00
Repayment Period: 12 Months
Annual Interest Rate (Annual Percentage Rate (APR)): 18% Per Year / 1.5% Per Month
Processing charges: 10% of Loan Amount
Total Interest Fee = Loan Amount X Annual Interest Rate (By Month) X Loan Period (In Month)
= 1000 X 1.5% X 12 = USD 180
Total Payback Amount = Loan Amount + Total Interest Fee
USD 1000 + USD 180 = USD 1180
Monthly Repayment Amount (Monthly Installment Amount) = Total Payback Amount / Repayment Period (In Month)
= USD 1180 / 12 = USD 98.33
Processing Charges = Loan Amount X Processing charges
= USD 1000 X 10 % = USD 100
Total Loan Cost = Total Interest Fee + Processing Charges
= USD 180 + USD 100 = USD 280
(This means we will charge you USD 280 additionally on getting a USD 1000 Loan.)
