At the age of 18, is there any unexpected event affecting your finances and needing a temporary loan? You don’t want to, or can’t turn to your loved ones. Have you considered taking a quick turn, but are they worried about their high interest rates? Keep reading and you may change your mind.
It is true that instant loans are relatively more expensive than bank loans, because they do not require collateral. Granting an unsecured loan is a greater risk for the lender than granting a secured loan. However, interest rates on unsecured instant loans are at a record low with the change in law that came into effect on September 1, 2019 and, as a result, are really worth considering when dealing with acute and temporary loan needs.
The Good Finance Instant Leverage is $ 300-600
Is also well suited for an 18 year old who needs a quick loan and has some sort of regular income to repay.
So how much does a $ 400 Good Finance instant loan pay for, for example? A $ 400 quick loan will cost you $ 25.13, so you will pay back a total of $ 425.13. Regardless of the loan amount, the Good Finance Instant Loan will be repaid in four installments over a four month period. The table below shows the installments for our $ 400 instant loan.
In practice, instant loans are granted on the following grounds:
- 18 years old
- Permanent address in Finland
- Finnish bank account
- Finnish mobile phone subscription
- No payment default entry
Of course, there are many other factors that can influence the granting of loans, but in general, the loan is based on the above criteria.
Express loan for 18-year-olds also as Express payment service
A Good Finance Instant Loan will usually be credited to your account within 3-5 business days of submitting your loan application, but in the most urgent cases, you can receive the money for up to half an hour at the expense of Express Payment. Express Payment is priced at $ 59 and will be automatically added to the first installment.
The optional Express Payment service can be selected when completing a loan application. The table below shows the installments of $ 400 with Express Payment.