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- Quick Loan
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Quick Loans
This is a special type of a consumer loan that is offered to bank customers
with a consistent and good credit history. If the borrower meets all of the requirements for this
type of loan, it can take as few as 30 minutes for the bank to approve the loan and deposit the
loan proceeds into the customer's account.
- Requirements:
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- Maximum of six month term
- Payment by allotment unless the loan is fully secured with stock or a time certificate of deposit
- No credit checks provided that the credit history with the bank is current
- 18.5% interest rate
- Employment verification
- 1 guarantor
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