PRIVATE LOAN WITHOUT FEE
PRIVATE LENDER WITH NO FEE

PRIVATE LOAN WITHOUT FEE

PRIVATE LENDER WITH NO FEE PRIVATE LOAN WITHOUT FEE

A private loan without fee is defined by a funding facility that takes place between a private lender and a private borrower without going through a bank and where upfront fees are not charged but interests only.

The private loan with no fee is applied covers any loan between two individuals, given that a private lender as a person cannot justify charging a fee in advance such a bank would do to absorb the costs of managing a credit application.

A private lender loan without fees being paid advance demonstrates its reliability and seriosity, normally after having completed the loan agreement the lender disburses the agreed sum by transferring it to the bank account of the borrower without claiming a cash advance beforehand.

An upfront fee free private loan consists, when it is repaid, of the principal borrowed capital and interest only, on the other hand if this facility foresees fees to be paid, which is legitimate, these should not be paid in advance but after seeing the money paid into the borrower's account (they are often deducted from the disbursement amount).