With XmasFunds What Loan Limits Are There When You Get An Online Loan For Bad Credit?
Remember, the interest rate as well as the terms and conditions will be specific to each lender
The APR (Annual Percentage Rate) can vary, but it usually fluctuates between 5.99 to %. XmasFunds requires no origination fee for applying for a loan. They play the role of a middleman in the loan approval process by connecting borrowers to lenders online. Once you are connected with your lender of choice, XmasFunds has done their job.
It is the holiday time, and it is important to remember the role that XmasFunds plays in all of this. They are simply the middleman. Once you apply and get approved for a bad credit loan, XmasFunds has done their job, and they go out of the picture.
Once you have successfully used XmasFunds to secure a bad credit loan, you can negotiate directly with the lender that you have chosen.
Each lender has their own terms and conditions, including the interest rates, which can be discussed with you directly. The loan amount that can be issued could range from $5,000 to $35,000, depending on a number of variables. Interest rates, as stated previously, can differ depending on the lender, but that of payday loans can be considerably high, ranging from 200% to 1300%.
Xmas Funds can provide up to $5,000 to as high as $35,000 in some cases. Smaller loans, like those between $300-$500, can also be applied for and are often a lot more common versus higher amounts.
Since XmasFunds is a ‘go-between’ in the lending process and helps connect consumers to potential lenders, they do not have a say in the terms and conditions of the loan-taking process.