- How long does it take to get a loan?
You will get confirmation of eligibility shortly after completing the loan application process. The process of financing your loan then takes a few days, during which you will be able to stop the process and receive the funding received thus far.
- Can I pay back the loan before the maturity date?
Yes.
- What happens after I apply for a loan?
From the moment you apply for a loan, the most important thing is to promise your lender that he/she will get the money back. We conduct a thorough online screening quickly and with no bureaucratic hassles. If you are approved, your loan request is presented to the prospect lenders who agree to your interest rate terms.
- Why wasn't my loan approved?
In order to secure the lenders’ money, each borrower undergoes a strict and thorough screening process of his/her personal and financial data. If your loan was not approved, the screening may have determined that you do not have the necessary loan repayment ability. Above all, both sides must feel comfortable with the transaction—that’s the essence of lending between people.
- What is the duration of the loan?
Loans are given for up to 3 years. You choose the duration that works for you.
- My loan is fully funded. What happens now?
The money is now in your bank account for you to use freely. Your payments will be deducted automatically from your account per the agreed-upon schedule. You can check your account to see the status of your loan at any time.
- How do I pay back a loan before the maturity date?
It’s easy: just click “Pay Current Loan Balance” on the “Manage My Loan” page.
- How do I apply for a loan?
- Go to “Apply for a Loan” on BLender.
- Choose your loan amount.
- Provide some information about yourself.
- Select your preferred interest rate – use the loan calculator.
- If the loan is approved, you will be notified within a few minutes.
- How do I know my monthly payment level?
When you place your loan request, you will see your expected monthly payment. Once the request has been completed, the amount will be displayed on the “Manage My Loan” page.
- Who can get a loan through BLender?
Any Italian, Lithuanian or Israeli citizen with a monthly salary of at least 1,000€.
- With BLender, who lends me the money?
The loan comes from people who want to earn an attractive return on their liquid funds. Behind every loan there are, for the most part, a number of lenders—private individuals, companies and corporations—whose money is distributed in an optimal way to minimize the risk.
- Can I change the terms of the loan once it has been put up for auction?
Once the auction for the loan begins, you cannot change the terms. Just as, once a lender makes an offer to finance your loan, he/she cannot change the terms of the offer. That way, both sides can be confident that the terms of the loan won’t change throughout the auction.
- Do I pay taxes on my loan?
No. Only private individuals – not financial professionals—may take loans through BLender. Therefore, there are no taxes on loans. If you are a financial professional, unfortunately we cannot offer you a loan at this time.