The Lender bank is currently offering a personal loan of up to USD 9 million. The loan from this bank is provided in the range of USD 1 – 9 million. This is a secured loan, the bank requires the applicant to pledge the bank some property. The bank lends up to 80% of the price of the property (this is currently one of the highest offers, with other banks it is common to lend money up to 70% of the price of the property)
Personal loan from the Lender bank
The bank loan from the bank is without purpose. The use of borrowed funds is thus not tied to a specific purpose. The money can be used freely – for real estate purchases, for financing business, for consolidating other financial obligations or for anything else.
The credit line offered by the bank ranges from USD 1,000,000 to USD 9,000,000. The maturity of this personal loan from the bank can be set within the range of 12 – 180 months (ie 1 – 15 years). Given the possible longer maturity, this loan may also be useful for financing the purchase of new housing or other long-term expenditures.
The basic interest rate at the bank is 5.9%. For approval of a personal loan, the bank then asks for an amount of 1% of the amount of money provided. The minimum amount of this approval fee is USD 10,000, the upper limit is unlimited.
In addition to this one-off fee, you also have to count on an annual fee of USD 1,200 (ie USD 100 per month) for administration and maintenance of the loan. However, there are no other fees associated with granting or maintaining a loan.
To process a Personal Loan with the bank, you will need to provide two identity documents, as well as bank statements (where you are paid) for the last 6 months. If you do business, the bank requires you to submit a business license and also your tax returns. Other documents may be required in addition to these documents.
The personal loan from the bank is intended rather for more demanding clients who prefer the individual approach of the bank and personal conditions in negotiations. The advantage is the possibility of obtaining a high sum of money under reasonable conditions for all who meet the requirements of the bank. Each bank does not offer a credit line of up to 9 million dollars. If you are looking for a reliable partner for your business or other expenses, the Lender bank offers you a possible variant.