Personal Loan
Introduction
Personal loans are flexible products that are used by individuals to fulfill various objectives, starting from the debt payment to financing significant life events. As a responsible financial institution, at Atlantic Stewardship Bank, we are always aware of the fact that every client has a different situation and requirements and that is why we offer loan products that will match the client’s situation as closely as possible. This article will help you understand why it is worth it to choose Atlantic Stewardship Bank for a personal loan and what you should know about the company before applying for the loan.
Why Atlantic Stewardship Bank for Personal Loans?
1. Community Focused:
Our company is socially oriented and we actively participate in the development of the society. To our clients we are pleased to let them know that their loan is being used to finance community development projects.
2. Personalized Service:
We have professional loan officers who will ensure that they understand your requirements and ensure that you get the right loan.
3. Competitive Rates:
To make borrowing easier, we give reasonable interest rates, and give a reasonable period of time to repay the money borrowed.
4. Trust and Transparency:
We also make sure that you are fully aware of the terms of the loan and we are very transparent.
The Advantages of Personal Loans
1. Versatility:
Personal loans are available for any purpose and some of the common uses include; paying off credit card bills, home improvements, medical bills, wedding expenses, and many others.
2. Fixed Interest Rates:
Fixed interest rates mean that the monthly installments do not fluctuate throughout the period of the loan, which is convenient.
3. Quick Disbursement:
Personal loans can be processed quickly and once approved, the funds are disbursed to you as soon as possible.
4. Improve Credit Score:
By paying your bills on time, you stand to gain on your credit score which is an added advantage to your financial status.
Personal Loan Eligibility Criteria
1. Age:
The applicants must be at least 18 years of age.
2. Citizenship:
Applicants must be US citizens or permanent residents.
3. Income:
Any applicant must have a stable income to be able to make constant payments on the loan that they have taken.
4. Credit Score:
Although we take into account several parameters, a high credit rating increases the ability of approval.
How to Apply for a Personal Loan?
1. Gather Documents:
Bring documents which include proof of income, identification and other financial documents.
2. Submit Application:
We encourage you to apply online using our secure online application or come to any of our branches to complete the application.
3. Loan Assessment:
The application will be reviewed by our loan officers and they may contact you for further clarification.
4. Approval:
Once approved, you will receive the loan agreement detailing the terms and conditions of the loan.
5. Disbursement:
Once the loan agreement has been approved, the cash will be transferred to your account as soon as possible.
Repayment Options and Flexibility
1. Customizable Terms:
Carry out a flexible repayment period that ranges between a few months and even several years depending on your ability to pay.
2. Automatic Payments:
Pay your bills on time by setting up recurring payments, and you may be eligible for a better rate on your interest.
3. Early Repayment:
Borrow without worrying about getting charged high interest on early repayments, which are usually charged on most loans.
FAQs
What is a personal loan used for?
This type of loan is a general one and can be used in any area, for instance, to pay for debts, to repair a house, for medical expenses, a holiday and so on.
How many days does it take to get approval for a personal loan?
It can take up to 4 business days to receive the approval, but it depends on the application particulars and the loan amount.
What is the interest rate being offered by the Atlantic Stewardship Bank?
We give reasonable interest rates based on certain factors such as credit score, amount of money requested, and the period of the loan. If you want to get a quote, please do not hesitate to contact us.
Contact Us
Are you ready for the next level? You can contact Atlantic Stewardship Bank now and get the process of applying for a personal loan started. Meet our professional loan officers who will be happy to explain all the necessary information to you. You can also visit our website, give us a call, or come to any of our branches for more information and enrollment.
Bottom Line
Applying for a personal loan with Atlantic Stewardship Bank is not just about obtaining financing, but it is being part of a company that is committed to assisting its clients achieve their financial objectives. Whether you are looking to consolidate your debts, make a large purchase or even organize an event, we will be here to assist you throughout the process.