What are the minimum and maximum amounts for online loan applications?
The minimum and maximum loan amounts for online applications vary widely based on the type of loan and the lender’s policies. Here’s a general overview across different loan types:
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Personal Loans: Minimum amounts can start from as low as a few hundred dollars, sometimes even less, depending on the lender. Maximum amounts often range between KES20,000 to KES100,000 or more, depending on factors such as creditworthiness and income.
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Payday Loans: Minimum amounts are usually a few hundred dollars, while maximum amounts typically range from KES1,000 to KES5,000, though these limits can vary by state due to regulations.
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Business Loans: Minimum and maximum amounts for business loans vary significantly based on the lender and the specific needs of the business. They can range from a few thousand dollars to millions of dollars for larger businesses.
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Student Loans: Minimum and maximum amounts for student loans depend on the type of loan—federal or private—and the cost of attendance at the educational institution. Federal student loans have set limits, while private student loans can cover the total cost of attendance.
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Mortgages: The minimum and maximum amounts for mortgages depend on factors like the value of the property, loan-to-value ratio, and the borrower’s financial situation. Mortgage amounts can range from tens of thousands to millions of dollars.
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Auto Loans: Minimum and maximum amounts for auto loans vary by lender and the cost of the vehicle being purchased. Loan amounts can range from a few thousand dollars to tens of thousands.
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Credit Builder Loans: These loans typically have lower minimum amounts, often starting from a few hundred dollars. Maximum amounts might range from a few thousand to KES10,000 or more.
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Debt Consolidation Loans: Minimum and maximum amounts for debt consolidation loans depend on the lender and the total outstanding debt being consolidated. Loan amounts can range widely based on individual circumstances.
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Emergency Loans: These often offer smaller amounts, starting from a few hundred dollars up to a few thousand dollars, aimed at covering immediate and urgent expenses.
Loan amounts are subject to individual lender policies, state regulations, the borrower’s creditworthiness, income, and the purpose of the loan. It’s essential to review specific lender terms and conditions to understand the minimum and maximum loan amounts available for a particular loan type.
FairKash+: online cash loan
5.0 (1 million +)
Security Status
for Android
FairKash+:
online cash loan
for Android
5.0 (1 million +)
Security Status