A Investment Loan is one way for an individual consumer to borrow money. Typically, the borrower receives a lump sum payment (the principal) from a lender and pays it back at a cost (interest plus any loan fees). For Investment Loans with an origination fee, the fee is often deducted from the principal loan amount, so the amount advanced to the borrower is the principal loan amount minus the origination fee. The borrower will typically repay the entire principal loan amount, which includes the origination fee. Payments are made in regular installments over the term of the loan. Many Investment Loans are unsecured loans, which means they do not require the consumer to pledge an asset (like a home or car title) as collateral.
You may wonder whats in it for you.
Investment Loans are used mainly for personal, family or household purposes, such as to cover unexpected expenses, pay for large home or auto purchases, or to consolidate debt.
The interest rates for these Investment Loans are generally set by the lender and can vary depending on factors such as the borrower’s creditworthiness and the amount and duration of the loan requested. Rates will usually be fixed for the life of the loan and calculated as an annual percentage rate (APR).
The terms of your Sterling Standard Llc personal installment loan will have a simple fee structure. You will not be charged any application, prepayment or non-sufficient funds fees by your lender