The easiest loans to obtain are also the least expensive.

Question

Quizplus · Accepted Answer

Generally, the easiest loans to obtain are those that come with higher interest rates and fees, such as payday loans or high-interest personal loans. These loans may be easy to obtain, but they can end up costing borrowers a lot more in the long run. Loans that require more documentation and have strict eligibility criteria, such as traditional bank loans, may be more difficult to obtain but often come with lower interest rates and fees.

The Easiest Loans to Obtain Are Also the Least Expensive