Do you need extra cash? You can get it quickly online using a non-bank loan in Good Finance.
It is a service that allows you to enter into an online commitment, which can then be repaid in convenient installments. Check what the offer is exactly, how it can be used, as well as the pros and cons of this solution.
Non – bank online loans are convenient products that are an alternative to traditional bank loans. Their advantage is the possibility of borrowing funds for any purpose without leaving home.
The companies that offer them usually offer small payday loans with short repayment periods. Installment products are also available and you will find them on Good Finance.
Good Finance is a relatively little known lending institution, despite the fact that it has been around since 2016 and many clients have already used its services.
The company offers installment loans to individual clients:
On the Internet you can find a lot of information about the offer. As it turns out, loans in Good Finance reviews are mostly positive, and in particular, individual approach to customers is valued.
The whole process of taking installment loans on the Good Finance site is carried out remotely via the Internet. However, it is not fully automated, which has its pros and cons – the disadvantage is the slightly longer waiting time for the decision, while the advantage is the individual way of processing applications.
If you want to borrow money from a Good Finance company, all you have to do is:
After completing all of the above steps, the lender will send you a contract and repayment schedule, and will also transfer funds to your bank account.
According to the information on the Good Finance website and in the terms of the contract, the loan can be obtained by people who:
These requirements are fairly standard – however, it is worth paying attention to the lack of age restrictions for customers, as well as the lack of explicit reservation that financing cannot be granted to people in debt
For people looking for a cheap installment loan, the Good Finance offer should be attractive, as the costs of incurring liabilities in this company are at a very decent level compared to the competition. They include interest and commission, and their amount depends on the amount borrowed and the number of installments.
For example, a loan of USD 500 taken for a period of 12 months is associated with the following financial conditions:
As at the day of writing, Good Finance did not offer any promotions, e.g. loans for free .
The decision to grant a loan depends on the result of the customer’s creditworthiness assessment . It is carried out on the basis of information provided in the loan application, as well as by verifying:
The lender only checks the Good Finance Register register of debtors.
This does not mean, however, that it offers loans without financial standing, because the abovementioned register offers the possibility of obtaining information on companies and individuals not only from its database, but also from the Good Finance Credit Information and the Good Finance Association.
If you decide to use the loan in Good Finance, you will pay it back in monthly installments on the dates specified in the repayment schedule, which is an integral part of the contract. Payments should be made by transfer to one of two bank accounts – at GBank or Honest Bank.
At any time, it is possible to repay the liability in full or in part – the lender will reduce its value proportionally by a part of commission and interest.
On the other hand, late payment will result in additional interest being charged for each day of delay. Other consequences of not repaying the loan should also be expected, e.g. the company will initiate debt recovery activities.
Are you wondering if it is worth using a loan in Good Finance? Below are the pros and cons of the offer, so it will be easier for you to make the right decision.
Advantages of loans in Good Finance
Disadvantages of the loan
Remember that before taking a non-bank online loan, you should compare as many offers as possible. The current list of the best ones can be found in the installment loan ranking.