Here we will take up a little more about mobile loans of USD 4,000. You can read a little quick about what is specific to these loans plus you will also find links and price comparison. If you want to find costs, just look directly at the article when you find a quick one there.
Mobile loan = Micro loan
A mobile loan is really just a micro loan with the difference that you apply for the loan via the mobile. A micro loan is a small loan (normally around USD 500 – 10,000) that you apply for quickly and smoothly but which also has a short maturity. This maturity is usually 30 days but can be up to 90 days on the slightly larger loans. It is also beginning to emerge even larger and longer loans, but then it is very close that they instead go under private loans.
All lenders dealing with this type of loan offer their customers to apply for the loan directly through their website. However, it is not always possible to apply for a micro loan via mobile. For this reason, they have chosen to call these micro loans for SMS loans or mobile loans. Apart from the way the loan is applied for, there is no difference between a micro loan and a mobile loan. Prices are the same, for example.
The cost of a mobile loan of USD 4,000 varies greatly between the different lenders.
Some may even have offers for their new customers where it will be much cheaper to borrow. Otherwise you can expect a cost of USD 600 and up to borrow USD 4,000. However, if you do not look up when choosing a lender, you may sometimes have to pay as much as double the exact same loan.
Compare mobile loan
If you want to borrow money, it is always good to first compare the different lenders to find out who offers the very best prices. Because it is not at all uncommon for some lending institutions to charge double the price compared to others when it comes to mobile loans, which we wrote before. On this site we have compared prices from many lenders offering mobile loans of USD 4,000. However, the tip is also that you check out the loan institutions that offer micro loans of USD 4,000 as these are more and thus the chance is greater for a cheaper price. Applying for a regular micro loan is usually smooth.
In this article you will also find a quick comparison of the lenders with micro loans of USD 4,000.