How To Compare Loans in Delaware
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Why Compare Loans in Delaware with Financer.com
When applying for loans in Delaware, lenders require the following:
- The borrower's signature
- The borrower's thumbprint
- The borrower must be a U.S. citizen
- The borrower must provide a source of income
In addition to a signature, borrowers need to provide a thumbprint, whether the application is done via phone, in person, or online.
This feature is a distinctive characteristic of Delaware installment loans laws and was introduced with an aim to protect consumers from being victims of fraudulent lending companies.
Delaware Payday Loan Regulations
|Interest Rate (APR)||521%*|
|Max. Loan Amount||$1,000|
|Min. Loan Term||Not specified|
|Max. Loan Term||60 days|
|Number of Rollovers||4|
|Finance Charges||No limit|
|Statute of Limitations||3 years from the last payment|
* Real APR for loans in Delaware can reach 521% according to the Center for Responsible Lending 2019.