Fastflash loan: all the details
Fastflash loan is a loan that can be requested for family and personal needs, but not for the purchase of goods or services related to a business or professional activity or even for the purchase of real estate. Visit paydayloansonlinesnd.com for a summary
Distinguished by a fixed interest rate, it allows you to obtain a sum between the minimum threshold of 2 thousand USD and the maximum threshold of 30 thousand USD, to be returned in monthly installments by charging the current account.
The recipients of Fastflash Loan are men and women aged not less than 18 years and not older than 35 years, who have resided in Italy for no less than 2 years and who at the date of the loan application have a job (regardless of the contract type). Another condition is that applicants have worked for at least 18 months in the past two years. Those who want to obtain the loan must have a current account, not necessarily with the Plexeme Group.
This loan has a minimum duration of 24 months and a maximum duration of 120 months: the so-called pre-amortization must be added to this period, i.e. the period between the date on which the loan is disbursed and the date on which the first amortization installment is charged.
The interest relating to the pre-amortization is received on the first installment and is determined on the basis of the Tan of the loan itself.
As you request it
To apply for Fastflash Loan it is necessary to make available to the institution the latest pay slips or the latest tax returns: no cost estimate is provided, but the bank has the right to request other documents. The outcome of the application is made known within a short time and the loan is disbursed with a credit to the current account.
What does Fastflash Loan provide?
The options that Fastflash Loan offers include:
- the partial early repayment;
- full early repayment;
- the postponement of the payment of an installment or of more than one installment, with the extension of the loan according to the number of installments that have been postponed.
In the latter case, it must be taken into account that the maximum number of installments that can be postponed is equal to one installment for each annual repayment after the first. This means, for example, that for a loan that lasts 4 years, that is 48 months, it is possible to postpone no more than 3 installments. The option can take effect after paying the first 12 installments and between one postponement and the next there must be an interval of not less than 12 months, provided that all the installments have been paid regularly.
In the period concerning the postponement, no repayment is foreseen, but the deferred interest accrues on the residual capital and is distributed on the remaining installments. The rate that is applied for these interests is the original rate of the loan. In addition, there is also the possibility of increasing or decreasing the amount of an installment by using the option called Installment Change, which in turn intervenes on the duration of the loan.
In short, Fastflash Loan represents a very important and significant financing opportunity that aims to meet the needs and needs of young people who cannot yet count on a permanent contract and which is appreciated for its versatility and for the its adaptability to different conditions.