Today the Internet provides solutions for practically everything. And access to the financial world is no exception. Currently, there are a large number of private online loans that, as its name indicates, are managed online – with which the procedure is between investor and client – and are obtained in less than a week. It is an option designed for those who cannot access bank credit but at the same time need a quick solution to urgent expenses.
Throughout the Spanish territory and with private investors with no capital limit: this is done for the convenience of the client. A proposal much more accessible than usual because it has, in return, much fewer requirements. For what reasons would a person have refusals from normal financial houses to get private loans online ?
Who can apply for private loans online
Those who are economically insolvent are generally not granted private loans. “Being insolvent is comparable to any of these situations: appearing on RAI or Asnef, not having a permanent job, not having a payroll, not having third-party guarantee, being unemployed or on a list of defaulters. ” Obviously, this has considerably restricted access to financing from external sources.
There is an option with more flexible conditions: private online loans. None of the situations just mentioned prevents having the money that is needed. Through these you can request between 6,000 and 150,000 USD, only having as collateral a debt-free real estate. You can even access up to 20% of the market price of the house. It may belong to the client or a friend who does the favor.
Requirements for private online credits
In addition to the deed, a DNI and a bank account number are required. With these documents, the online private credit contract is signed at a notary’s office in the city of the applicant. According to his possibilities, he can choose between different financing terms, ranging from 1 to 15 years. If from the second year of payment you are in difficulties, you will have an alternative to request amortization for the debt, with a cost of 0.25%. This charge and the APRs – which are not fixed, but are established according to the characteristics of the loan – are duly stipulated in the contract.
Accessible financing terms, an interesting amount of money, transparent conditions and immediacy in obtaining capital are the essential characteristics of private online loans. In sum, it is one of the alternatives available in the market to be managed wisely.