You might be intending to improve your home, but you do not have the necessary funds to do that. Some mainstream lending institutions can lend you the money at a decent rate, but you are borrowing little money such that the banks are not willing to assist you in your project. If you are experiencing or in such a condition, GreenSky Credit is the best alternative for you where you can easily access small loans for home improvement through mobile application rather than through credit cards.
- What is GreenSky Credit?
This is the fastest and easiest way through which you can access bank loans without the necessary paperwork. It is a platform where borrowers can easily meet with businesses and banking institutions and access loans within a short period. The loans accessed can be used in purchasing goods and services in the local retail outlet, or they can be used in paying a contractor who has been involved in a home improvement project. This type of loan comes with added benefits such that you can pay 0% on the interest rate for the first 18 months, especially if you consider using one of the in-network pros.
Currently, the organization is partnering with more than 12,000 business merchants and is working with the federal-insured banks to make sure that all the borrowed funds have been secured. GreenSky Credit is giving opportunities to borrowers to access small amounts of money at lower interest rates rather than through credit cards where they will be required to pay an exorbitant amount of money through interest. Despite getting the loans at lower interest rates, all the rigorous paper works that are involved have been eliminated to make the process efficient. Current statistics indicate that GreenSky Credit has been able to provide more than $12 billion in loans to a large number of customers going beyond 12,000.
- How the Credit Works
The loan application process involves a typical online loan application where an individual fills in personal information and the intended use of the money. The borrower will then be required to indicate the purpose of the loan upon which he/she will be able to access up to $55,000. This application is approved immediately, and one can continue to use the money without challenges.