Do you mind combining loans through Honest Bank? In this article, we will discuss whether it is worthwhile to combine loans with Honest Bank .
Honest Bank is not actively marketing loan consolidation
While looking at the Honest Bank site, we noticed that there was no mention of the loan consolidation on the site. This suggests that Honest Bank is not very keen on attracting consumers seeking a mortgage loan. It can also be assumed that existing loans will significantly weaken Honest Bank ‘s loan offer.
The loan page mentions only a party loan, holiday loan, home improvement loan, consumer credit and hobby loan. The loan amount can be chosen between 2000 and 50 000 dollars. The loan period can be chosen from 2 to 10 years. Current annual interest rates range from 4.15% to 28.19%.
The interest rate will be affected by the amount of loan applied for and the applicant’s details such as employment status and monthly income. The loan can be applied for without collateral or guarantors. For loans over $ 20,000, applicants need a stable income and a home, so in other words, you need collateral if you apply for a loan over $ 20,000.
Compete for a mortgage loan and get the best interest rate
We recommend that you apply for a consolidation loan using our service. With one application, you will receive offers from over 20 different banks and financial institutions who are happy to attract consumers looking for a consolidation loan. You can use our service to combine loans if you meet the following conditions:
- You are at least 20 years old
- Your gross income is at least 1200 $ / month
- You have a permanent employment relationship
- Your income is big enough for your expenses
Apply for a loan
Submitting a loan application is completely free and does not oblige you to take out a loan. So you can first apply for a loan with our service, after which you can compare the offers you have with the Honest Bank loan offer. This ensures that you get the best consolidation loan for you, regardless of your bank!