The optimal loan for Lender bank is intended for all those interested in loan consolidation. Therefore, the optimal loan is not intended for other expenses. It is not used to finance purchases or other expenses. The funds can only be used to consolidate your existing credit commitments. Lender bank offers loans and credits consolidation of up to USD 2.5 million.
Optimal loan or consolidation of loans from Lender bank
If your financial obligations range from USD 30000 to USD 2,500,000, then you can contact Lender bank to file a loan consolidation request.
The maturity of the resulting consolidated loan can be agreed for 12 – 120 months (ie 1 – 10 years). By combining several loans into one and setting a longer maturity for a newly created loan, it is then very easy to achieve a substantial reduction in the amount of repayments. This may be useful to anyone in difficulty repaying their current financial obligations.
Loan consolidation conditions with Lender bank
Lender bank does not charge any fee for the consolidation of loans. This is a big difference compared to other banks, where in most cases you pay a one-time consolidation fee loan up to 1% (in some cases even up to 4% of the total loan).
A minor disadvantage of the consolidation of the loan as well as of Lender bank is the requirement that the interested person has a personal account called My Account in the bank. If you are not yet a Lender bank client, then you must expect that the opening of this account and its subsequent maintenance will cost you at least USD 816 per year.
The basic conditions for those interested in consolidating a loan (Optimal Loan) from Lender bank are as follows: the applicant must submit two identity documents to the bank (ie an identity card and some other identity document such as a passport, driver’s license or even a birth certificate). Lender bank also requires submission of documents on the amount of income. If a self-employed person or an entrepreneur applies for consolidation, he must submit his tax returns.
Candidates interested in consolidating loans must also provide the Bank with complete documentation of other financial liabilities. Thus, they must document the concluded loan and credit agreements as well as the current amount of outstanding commitments. It is also important that none of these liabilities with other financial institutions are past due at the time of consolidation.
When concluding a consolidation of a loan with Lender bank, the client also receives insurance against the inability to repay, which is free of charge with the Optimal Loan. Early repayment of the Optimal Loan is also made by Lender bank free of charge.