NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Of
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IEG Holdings (OTCQB: IEGH), through its online portal, offers fast and affordable unsecured personal loans in 20 states. A recent article discussing the company reads: “IEG Holdings aims to disrupt the market with its unique approach to consumer lending. Offered under the ‘Mr. Amazing Loans’ consumer brand via its website and the online application portal available at www.MrAmazingLoans.com, IEG Holdings’ unsecured consumer loans have a five-year maturity period and interest rates that are considerably lower than what payday lenders typically charge. According to the Center for Responsible Lending, payday lenders generally charge interest rates ranging from 391 percent to 521 percent annual percentage rate (APR) on loans from $100 to $1,000 (http://nnw.fm/iH8Y8). With Mr. Amazing Loans, consumer loans are processed and funded on the same day, without any pre-payment penalties or hidden fees. Repayment interest rates are fixed at an APR of up to 29.9 percent for the duration of the loan. This allows for low fixed repayments, depending on the loan amount and other terms, so as to fit any consumer’s budget.”
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