Whether you need lots of money or just enough to pay for the things you really need or want, Bank of America has a cost-effective plan that gives you a little extra financial freedom. You can use Bank of America credit for just about anything you want. And, if you qualify, you can borrow up to 30,000 $.
Bank of America makes borrowing money affordable and convenient through direct, no-nonsense access to a variety of credit options. All of them designed to help you reach your goals.
Debit Order personal Loan
A debit order loan is for customers who have a transactional account that can be debited for the repayment.
If you choose the Debit Order option, Bank of America will automatically deduct your repayment amounts from your bank account at the end of each month.
Features
- Loan size from 500$ to 30,000$
- Interest rates are based on the customers individual profile An initiation fee is charged based on the loan size.
- A monthly service fee is charged Term of Loan 3 to 9 month short term debit order loans
- 12 to 60 month long term debit order loans
Payroll Deducted Personal Loan
A payroll-deducted loan is like a debit order loan except the repayment of the loan is directly from your salary as apposed to your transactional account.
If you choose the Payroll deduction option, Bank of America will automatically deduct your repayment amounts from your wages or salary.
Features
- Bank of America offers payroll deducted loans from 500$ to 25,000$
- Employers provide staff more favourable rates on payroll deducted loans
- From 18,5% interest per year
- An initiation fee is charged based on the loan size.
- A monthly service fee is charged
- 12 to 36 month long term payroll deducted loan
Bank of America Personal Loan Disbursement Method -
Your debit order loan can be disbursed in one of two ways:
- credit payment to your transactional account for the total loan value
- A combination of cash and direct credit payment.
Bank of America Personal Loan Repayment Frequency -
You can repay your loan monthly, fortnightly or weekly
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hw can i aply for this loan
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i want to get loan
i am from india can i apply this personal loan online.
will this bank of america approve my loan.am i eligible
I want to get lone 15000 $ in pakistan