FAQ

Frequently ask question

Just find your answers below
  • Why do you charge interest on the loan?

    we charge intrest on our loans based on the following:
    (1)Risk Compensation: it helps us compensate for the risk of lending money, including the possibility of default.

  • Can I apply for a loan if I have poor credit?

    Yes, you can apply for a loan even with poor credit, but be aware that:
    (1) Higher Interest Rates: Lenders may charge higher interest rates due to the increased risk.
    (2) Stricter Terms: Loan terms may be less favorable, with shorter repayment periods or larger payments.
    (3) Fewer Options: You may have fewer loan options, and lenders may be more selective.

  • How long does the application process take?

    The loan application process duration varies depending on several factors, including:
    (1) Online Personal Loans: 15-60 minutes (online application), 1-3 business days (approval and funding)
    (2) Mortgages: 15-30 days (application processing), (approval and closing)
    (3) Business Loans: 1-3 business days (application processing), 1-3 business days (approval and funding)

  • My business internationally. Am I still eligible to apply?

    Yes, international businesses can apply for loans, but eligibility and requirements may vary depending on the lender and loan type.

  • Why do you charge interest on the loan?

    we charge intrest on our loans based on the following:
    (1)Risk Compensation: it helps us compensate for the risk of lending money, including the possibility of default.

  • Can I apply for a loan if I have poor credit?

    Yes, you can apply for a loan even with poor credit, but be aware that:
    (1) Higher Interest Rates: Lenders may charge higher interest rates due to the increased risk.
    (2) Stricter Terms: Loan terms may be less favorable, with shorter repayment periods or larger payments.
    (3) Fewer Options: You may have fewer loan options, and lenders may be more selective.

  • How long does the application process take?

    The loan application process duration varies depending on several factors, including:
    (1) Online Personal Loans: 15-60 minutes (online application), 1-3 business days (approval and funding)
    (2) Mortgages: 15-30 days (application processing), (approval and closing)
    (3) Business Loans: 1-3 business days (application processing), 1-3 business days (approval and funding)

  • My business internationally. Am I still eligible to apply?

    Yes, international businesses can apply for loans, but eligibility and requirements may vary depending on the lender and loan type.

Still, have questions? contact helpdesk@co-financellc.com

© 2023 co-finance llc