High Interest Loans For bad credit

SOS Loans

December 26, 2021 – 09:44 am

Listed below are our current loan offerings. As you can see these are very high interest loans and we recommend that you seek more favorable terms before applying. We encourage all of our customers to pay-off their loans ASAP to minimize their interest expense. There are never prepayment penalties on any loan with S.O.S. Loans, therefore you only pay interest for the time you have your loan outstanding. It is important to understand that not all customers will qualify for every, or any loan product.

See how some of our customers have saved on their interest expense and shortened their loan term by making extra payments.

Loan Amount	Interest Rate	Number of Payments	Monthly Payments
$5, 000	84.00%	36 months	$383.58
$4, 000	96.00%	$341.38
$3, 500	$298.71
$3, 000	$256.03
$2, 600	$221.90
Take notice that not all applicants will qualify for every loan product or the lowest interest rate for a particular loan product. Some applicants will not qualify for any of our products. Our lowest rates and higher loan products are reserved for customers with excellent credit.

How quickly will I get funded?
If your Promissory Note is e-signed before 1:15 PM PST, on any normal business day you will be funded usually within an hour. If your Promissory Note is e-signed after 1:15 PM PST, but before 4:45 PM PST, you will be funded in the AM of the following banking day. *

* Upon credit approval, verification of requested documents, e-sign of Promissory Note before cut-off time and your bank's Fedwire posting procedures.

Loan Amount	The amount that is used to calculate your payments.
Interest Rate	The interest rate used to calculate your payments.
Number of Payments	The total number of payments you may make to pay the loan in full.
Monthly Payment	The total monthly payment for this loan.

By making an extra $50.00 payment/month on our $2600 loan, you will shorten your loan term to 19 months and save thousands in interest.

Gary N.
Anaheim, CA
Paid-off his $2600 loan in about 5 months with a total interest expense of $714.72

Laura V.
Pasadena, CA
Paid-off her $2600 loan in about 3 months with a total interest expense of $393.27

Rosie S.
Long Beach, CA
Paid-off her $2600 loan in about 0.5 months with a total interest expense of $90.13

Adrian C.
San Diego, CA
Paid-off his $2600 loan in about 4 months with a total interest expense of

Interesting facts

Bad bank is a term for a financial institution created to hold nonperforming assets owned by a state guaranteed bank. Such institutions have been created to address challenges arising during an economic credit crunch wherein private banks are allowed to take problem assets off their books. Securum, a Swedish bank founded to take on bad assets...

Source: sosloans.com