Loans with Financial Credit Institutions

Previously, the possibility of obtaining credits was non-existent, since normally banks and private equity companies usually reject people who appear on the lists of defaults or delinquencies, now, fortunately, the loan with Financial Credit Institutions have grown a lot in recent years. years, it is possible to find financial institutions that grant loans in Financial Credit Institutions and we can choose between different financing products based on our profile, the amount of money needed and the urgency of having it.

The loans with Financial Credit Institutions are private loans or traditional private loans but they can be hired even if they are included in any of the delinquent registers that are in operation, mainly Financial Credit Institutions, which are the most known and usual. These loans can only be requested and contracted through private financing entities, a loan with Financial Credit Institutions is not conceived through banks, nor any other credit institution.

Types of loan with Financial Credit Institutions

Types of loan with Financial Credit Institutions

As with traditional loans, you can also request different types of credits depending on the amount of money you request:

– Mini-credits for amounts of up to € 600.

– Fast credits, up to € 6,000.

– Mortgages, for amounts over € 100,000.

If you want to know more about the loans with Financial Credit Institutions, here we will provide a small guide so that there is no doubt about how to get the credit.

Premises to meet for the loan with Financial Credit Institutions

  1. Be over 18 years old: the financial products offered in Spain are only accessible by people of legal age. Not to mention that many loan companies with Financial Credit Institutions will require that we be over 21 or 25 years old, according to their own risk policies. In the same way, many entities reject clients that will exceed 75 years when the term of the contract ends.
  2. Reside in national territory permanently: this stipulation is due to the fact that the financial products offered by these lenders are regulated by Spanish law and conditioned by the Spanish market.
  3. Have enough income: to offer the lender a guarantee of payment. In this way, the loan company with Financial Credit Institutions will know that it is able to reimburse the total monthly payments of the loan during its entire validity. How to justify the payment? You must use several official documents, such as payroll, VAT or income tax declaration if you are self-employed or pension if you are retired.
  4. Be the holder of a bank account in Spain: this account will receive the total income of the capital that grants the credit with Financial Credit Institutions in a totally secure manner.

The loan with Financial Credit Institutions is not granted automatically

It is important to clarify also that although a private entity has the possibility of granting loans with Financial Credit Institutions does not mean that they will automatically grant it, it simply means that you can go through the risk control study of the entity and if you meet the four basic conditions You can apply for the loan with Financial Credit Institutions without any problem, it is very easy to apply for the loan, you only have to take into account the requirements regarding previous debts.

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