The main difference for borrowers between Lite Lender and conventional banks is that the loan can be applied for around the clock free of charge on the Internet. Our loan is a flexible and practical financing option for everyday expenses and larger purchases. Our competitive advantages over banks are speed and simplicity, over other credit institutions, cheap interest on unsecured loans.
Loans tailored to your needs
We offer loans with terms of one to ten years in the amount of 1,000 to 10,000 USD. With regard to the future, it makes sense to plan the scope and duration of the loan so that you have enough money for everyday life and the good things in life in addition to the monthly repayments. For this reason, we recommend longer maturities than higher repayment rates.
If you have enough funds to repay a larger rate than usual or even the entire remaining loan, you can do so at any time at no additional cost. Another special feature of Lite Lender loans is that the customer can determine the interest at which he is willing to borrow the money. If the current interest level seems too high, he can wait two weeks for cheaper offers.
Watch out when comparing credit
Expensive short-term loans are generally not advisable – unless you know that you will have the amount in question next month. With loans of this type, the interest can be a multiple of the borrowed amount! If you are not completely sure that you can repay the loan immediately, you should look around for other options. With Lite Lender, you can quickly and easily apply for a cheaper loan, where you can choose your own term and interest rate – and still be able to repay the entire amount at any time without additional costs, for example if you suddenly have more money than usual a few months later.
If you have sufficient creditworthiness and a trouble-free payment history, our loan is the right solution for you. However, you do not have to rely on our word, because comparing alternative sources of credit is always a good idea. Pay particular attention to the annual percentage rate, because this determines the total cost of the loan. With the help of the effective annual interest rate, you can transparently compare different loan forms and offers with one another in order to determine the optimal alternative for you.
Credit comparison tips
- Find out the annual interest rates of the various loan alternatives
- Better choose a longer term than higher repayment rates
- Compare the customer ratings of different credit providers on the Internet
- Check your income and expenses and calculate which loan amount is realistic for you
The two most important questions before each loan are: do I really need the money and do I need it right now? Sometimes it happens that an expense becomes inevitable at a moment when there is not enough money for it. At other times, on the other hand, you may be able to put some money aside on a monthly basis to create a cushion for future needs. It is advisable not to keep these savings in the current account used on a daily basis. A loan enables large purchases to be made when they are needed – the right term ensures that you do not have to restrict yourself in everyday life. Check the alternatives carefully and make a wise decision!