Before applying, identify the loan amount you need and its purpose, considering how it fits into your overall financial plan.
Lenders use your credit score to assess your likelihood of repayment, which affects the interest rate and loan terms offered. Check your credit report for errors and improve your score if needed.
Explore different lenders and loan products to find one that best suits your needs, considering factors like interest rates, repayment terms, and fees.
Collect necessary documents, such as proof of identity, income, address, bank statements, and potentially collateral documentation, depending on the loan type.
Complete the loan application form accurately and submit it online or in person to Flexibank, along with the required documents.
The lender reviews your application, verifies your information, and conducts a credit check to assess your creditworthiness and repayment capacity.
If approved, you receive a loan offer detailing the terms. Carefully review the interest rate, fees, repayment schedule, and other conditions.
If satisfied with the terms, sign the loan agreement, a legally binding document outlining your obligations as the borrower.
After signing, Flexibank disburses the loan amount to you.
Begin making payments according to the agreed-upon schedule, which may include principal and interest payments.
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