Anyone who is a resident citizen in Spain and of legal age, and who also has a charge-free home, can claim a mortgage-type loan. It is an easy and fast loan, designed for those cases in which the debts tighten and one cannot wait any longer, or when the financial state of a person is not satisfactory enough to be able to seek a bank loan.
Who offers urgent loan?
Urgent credits are given by private investors, in less than a week. After the documentation is submitted and the contract is signed, the money is transferred directly to the bank commonly used by the applicant. In exchange for a figure of money from 6,000 USD onwards, up to 150,000, the lenders ask for a property in guarantee, that does not present debts. This determines the highest sum that can be claimed: the equivalent of 20% of its market price.
Where can I apply urgent loan?
Urgent credits can be requested online, easily with an application form, but can also be requested by phone. Returning the money is not complicated, since the capital is financed in installments of 1 to 15 years with an alternative amortization of 0.25%, always from the 2nd year of cancellation. Not having to relocate or undergo bureaucracy has been a determining factor in increasing the demand for private loans.
In addition, whoever is in Financial Credit Institution or in a list of defaulters, will also have a chance to own the amount they need. The same thing happens for people who are unemployed, unemployed, without guarantees or payrolls, in short, any client who does not have support or has no way to justify their earnings. On the other hand, it is not necessary to travel to any particular location, since the loan contract is signed in a notary’s office in the user’s city.
How do urgent loan work?
If the user is interested in knowing in advance the interest rates that will tax the debt, he can use a loan simulator. In any case, it is important to bear in mind that the APRs depend on the capital and fees requested, that is, they are not fixed.
Urgent loans are, due to their characteristics, an efficient mechanism to make the budget work or to become solvent again. Money in hand in a few days, without exhaustive investigations of the client’s economic activities, and with accessible terms.