Office Address
1718 Park Boulevard Marshalltown
Phone Number
+1 641-754-0072
Email Address
info@bigloansword.com
1718 Park Boulevard Marshalltown
+1 641-754-0072
info@bigloansword.com
We determine the loan amount based on your circumstances, ensuring that it aligns with your ability to repay without causing you to become excessively indebted.
Getting a business loan is straightforward with the right preparation. First, assess your business needs and explore loan options like SBA loans, equipment financing, or working capital loans. Next, gather key documents such as financial statements, a business plan, and performance details.
Buying a home can feel overwhelming, but we’re here to help. Whether it’s improving your credit, choosing the right loan, or guiding you through the closing process, we’ll be with you every step of the way, offering trusted support.
Are you in the market for an auto loan? We make the process simple with just three easy steps. Start by completing our quick process. Your application will be approved within minutes. Then, browse a wide selection of quality vehicles from trusted local dealerships. Let us help you drive away with confidence.
APR is the rate at which your loan accrues interest. It is based upon the amount of your loan, cost of the loan, term of the loan, repayment amounts and timing of payments and payoff. By law, the lender or lending partner must show you the APR before you enter into the loan. Rates, loan size, among other variables will vary based on your credit worthiness with the lower rates potentially available to customers with excellent credit. Minimum and maximum loan amounts and APRs may vary according to state law and lender or lending partner. We recommend you read the lending partner’s terms and conditions in full before proceeding for a loan.
Make sure you understand the total cost of a loan before making a decision. Multiply the payment amount by the number of payments in your term.
For example, suppose you want to get a personal loan for $2,000. The interest rate is 19.99% on a monthly payment plan. The example below shows the total cost of a loan with different terms.
Table 1: Example of the total cost of personal loan with different terms
| Option | Monthly Payment | Loan Term (Months) | Total Loan Cost |
|---|---|---|---|
| 1 | $185 | 12 | $2,220 |
| 2 | $75 | 36 | $2,700 |
| 3 | $53 | 60 | $3,180 |
This example shows that the longer you take to pay off your loan, the more expensive it’ll be.
Interest rates
The interest rate on a personal loan impacts the overall cost of the loan. By law, lenders may not charge more than 35% interest annually. This includes all fees, costs and interest that you’ll pay to get the loan.
For example Suppose you want to get a personal loan of $2,000 for 36 months. The example below shows the total cost of the loan with different interest rates.
| Option | Interest Rate | Monthly Payment | Total Loan Cost |
|---|---|---|---|
| 1 | 8.99% | $64 | $2,304 |
| 2 | 19.99% | $75 | $2,700 |
| 3 | 34.99% | $92 | $3,312 |
This example shows that a higher interest rate may significantly increase the total cost of your personal loan.
The interest rate a lender offers you may vary depending on:
