Binary Lender’s online loans and fast loans are among the very cheapest on the market, with the monthly interest rate only being 2.08% (25% annual interest rate). Most other fast loans usually have a monthly interest rate of around 3.25%. At Binary Lender you can borrow USD 1000 – 25000 as a new customer, while returning customers can borrow up to USD 40000.
Not only that, but Binary Lender also pays out loans directly to bank accounts with Good Lenders Bank, Cream Finance and Best Bank, and they do so on Saturdays. Beyond that, Binary Lender does not take UC, which in itself is not unusual for this type of credit.
- Income requirement: USD 150,000 in taxable income.
- Age limit: 20 years.
- Sms with payment note: No.
- Other requirements: Registered in Sweden. Have a Swedish mobile phone subscription.
One of the cheapest fast loans
Whether you take a quick loan or a flexible credit with Binary Lender, you get a monthly interest rate of 2.08%, which corresponds to an annual interest rate of 25%, which is unusually low for dealing with fast loans. They actually offer one of the very cheapest fast loans on the market, not least if you look at the loans as the lender does not take any UC. You can see for yourself what their sms loans cost on our comparison page where you can see for yourself what the loan costs.
Online credit with unusually low interest rates
Binary Lender’s account credit also has an unusually low interest rate for being a so-called online credit, which has a monthly interest rate of 2.08%. We really give it a thumbs up. Not many lenders match this interest rate when it comes to such quick loans.
Of course, Binary Lender’s account credit does not have as low interest rates as ordinary bank loans, but they are actually not that much more expensive than most credit card credits. You can read more about this in this blog post .
Direct deposit to five banks
Binary Lender’s fast loans are not only one of the cheapest on the market, they also deposit money directly into the account to the entire 5 banks and there are unusually many. This means that you can get the money directly if you apply during office hours and have a bank account with Lenders Bank, Cream Finance, Good Lenders Bank or Best Bank. It is cruel.
If you do not use one of these banks, you can still get your money the same day if you make an application and are granted around noon on a weekday.
Binary Lender gives reasons for its name, it is a reliable and secure lender who is very clear with its terms, borrowing costs and effective interest rates.
Thus, at Binary Lender you cannot borrow if you have low income (below USD 150,000 / year) and / or payment remarks. You also cannot borrow less sums than USD 10000 that you can make with the owner’s other lenders, but on the other hand Binary Lender is considerably cheaper than the sister lenders.
As Binary Lender is a responsible lender, they thus have slightly higher requirements than a lot of other fast lenders, but it is still much easier to get a loan from Binary Lender than with the bank. You must be at least 20 years of age, you must not have payment notes or earn less than USD 150,000 / year, even if you “just” want to borrow USD 10000.
Okay, now to our brief review of Binary Lender. This is how it looks:
- The positive: One of the market’s absolute cheapest online credits. Their quick loans are cheaper than most other loans with a one-year maturity. Clear conditions. You can borrow relatively much even as a new customer (up to USD 25,000) and up to USD 40000 as a previous customer. At UC.
- The negative: A bit high, especially if you just want to take out their smallest loan. More expensive than regular private loans. Too bad the quick loan doesn’t have a shorter maturity than 1 year, but on the other hand you can always settle it early if you want.