Mortgage loans are really another name for micro loans. This means that you can expect to borrow between about USD 1,000 and 10,000 when you apply for a micro loan. You can apply for a mortgage-loan either directly here online or by using your mobile phone, if you choose to use your mobile phone you usually call the loan for an SMS loan.
You usually have to repay a mortgage-loan with a really short term that was only 30 days from the beginning. Nowadays, however, there are several lenders that offer 60 and 90 days maturity as well. Furthermore, there are some who have even longer possible maturities but then the question is whether you are not in and talking about private loans instead of this type of loan.
Why take a mortgage loan really?
When applying for a mortgage, you should have really thought before about whether it is a loan you really need. If you find that a loan is right for you, the reasons for this can be very varied. For example, it may be that you have found something you want to buy but unfortunately do not have money in the account to cover the cost of the opportunity. On such occasions, a micro loan fits. Actually, it is not so important what you are going to spend the money on as long as it is something you think is important and you have a sufficiently good finances to handle the repayment.
How to apply for a mortgage-loan?
It is very easy to get a loan. Either you do it online or you use your mobile phone to submit the application. The different lenders have slightly different approaches when it comes to loan applications. You will find exact information for each respective lender on their own website. In general, you can say that it is very simple and easy to apply for a mortgage loan.
Which lenders have a mortgage loan?
You can find a number of lenders who have this type of loan a little further down this page. Then we also have a comparison page where you can see price comparison for a number of different lenders on their micro loans. Below you will also find a quick comparison but it is not as exhaustive as the one we linked to here before.