MaxCash is a loan financial referral service that offers connection services for all kinds of loans. While MaxCash does not give out loans themselves, they can get exclusive rates for borrowers!
MaxCash-only rates can serve as a huge advantage when looking for a good deal on a loan. On top of MaxCash-only rates, there are several more advantages for customers that decide to use MaxCash for their lending needs. Here is more information on MaxCash-only rates and other benefits that they offer customers.
Is it that Important to Get a MaxCash-Only Rate on a Loan?
When looking for a loan, it is extremely important to find a good—or MaxCash-only rate—for lending. This is because the interest rate on a loan is the most impactful cost for the borrower, and the way that most borrower’s get into debt. Here are the two major ways that interest is charged and presented:
The Annual Percentage Rate (APR)
The APR is the total amount of interest that a lender charges for the year of the loan. Not all lenders will show a potential borrower the interest in terms of the APR—this is especially true for loans that already carry high interest rates. It is up to the borrower to ask the lender for the APR, or to calculate the APR themselves.
The Monthly Percentage Rate (MPR)
The MPR is just the APR broken down into monthly terms. For loans with high interest rates, most of the time lenders will express the interest in these terms.
In addition to knowing how interest rates are expressed, it may be helpful to know about the two major kinds of interest rates that exists.
- Fixed Interest Rates
This type of interest rate stays the same throughout the entirety of the loan. This rate is whatever the borrower and lender agreed upon when signing the contract for the loan.
- Variable Interest Rates
These types of interest rates can change throughout the life of the loan. Usually lenders will have some limit to the amount of interest that can be charged.
What Other Advantages—Besides MaxCash-only Rates—Does MaxCash Offer?
When it comes to any kind of lending, it can be extremely important to look at other factors besides just the interest rate. The great thing about MaxCash is that many other important factors are included for customers. Here are some advantages:
A Variety of Loans and Lenders
MaxCash works with all kinds of loan lenders. We work with mortgages, title loans, business loans, student loans, and more. An important part of lending is making sure to look around at several lenders. Each lender is different, and it may take work to find the one that best suits your borrowing needs. MaxCash does this searching for customers—at no charge.
Lenders Who Are Trusted
This is another highly important factor to consider when looking for lending. No matter where a potential borrower is looking for a loan, it is important to only provide personal information to lenders that are reputable and legitimate. At MaxCash, all out our lenders go through a vetting process before they are allowed to work with us.
When it comes to lending, urgency may be extremely important to some borrowers. The great and unique thing about MaxCash is that we are open seven days a week with extended hours—including Sundays. For many borrowers who want to find a loan ASAP, this is a huge advantage.
Faster Funding than Traditional Lenders
Because MaxCash acts as the middleman for borrowers and lenders, the entire process—from the inquiry to receiving the loan money—is sped up. This is another advantage, which many people may not think about.
Can MaxCash Help Answer any Questions Regarding Loans and Lenders?
MaxCash is more than just a referral service. MaxCash helps borrowers navigate the world of lending by providing tons of financial resources on the website and over the phone. And because MaxCash works all over the United States, they have information on general lending laws for different states.
Additionally, MaxCash has tons of information on common financial questions, such as improving a credit score and budgeting. These questions are related to lending but they may not be addressed by other financial institutions.
When it comes to loans, finding a good interest rate is extremely important. MaxCash, with its several lenders, can offer its customers MaxCash-only rates. So whether it’s informing borrowers about getting a loan or simply explaining the lending process, MaxCash is dedicated to helping everyone—in one way or another.