Personal loans

Compare and request the best Personal Loans



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$ 5000

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$ 100 - $ 1,000
Loan amount
0.00 - 1,007.00%
APR
11 months
Duration

Important information

  • Free First Credit
  • No papers and no questions
  • Instant money payment
  • Expensive interest on subsequent requests
  • Minimum quantities
  • Short term to amortize
Example: Loan amount: $ 200. Term: 1 months. Fee: $ 140. Total amount to pay: $. - Maximum APR: 1,007.00%
$ 50 - $ 300
Loan amount
3,752.00 - 4,114.00%
APR
7 - 30 months
Duration

Important information

  • Loan granted with great speed.
  • Good information on your website.
  • Use of SMS to accept the loan.
  • Loans are not granted to people over 70 years of age.
  • You have to have demonstrable income.
  • You cannot have debts with third parties or be in default.
Example: Loan amount: $ 300. Term: 30 months. Fee: $ 140. Total amount to pay: $ 405. - Maximum APR: 4,114.00%
$ 100 - $ 900
Loan amount
2,229.00 - 2,229.00%
APR
90 - 180 months
Duration

Important information

  • Comfortable fixed weekly fees.
  • Interest on late payment does not apply.
  • You only pay what is agreed.
  • First loan of only € 300.
  • You pay installments from the first week.
  • High APR.
Example: Loan amount: $ 300. Term: 180 months. Fee: $ 140. Total amount to pay: $ 467. - Maximum APR: 2,229.00%
$ 50 - $ 700
Loan amount
0.00 - 216.24%
APR
390 - 1230 months
Duration

Important information

  • First free loan in 1 month.
  • Money in your pocket in 15 minutes.
  • You can make a 15-day extension on your loans.
  • You have to be at least 25 years old to request money.
  • Up to $ 300 on your first loan only.
  • They do not grant you the loan if you are in Credit Checker.
Example: Loan amount: $ 575. Term: 1230 months. Fee: $ 140. Total amount to pay: $ 797. - Maximum APR: 216.24%
$ 1,000 - $ 40,000
Loan amount
6.34 - 15.62%
APR
720 - 2160 months
Duration

Important information

  • Very high loans of up to € 40,000.
  • Fixed rates on loans.
  • Repayment of the loan in adjustable installments.
  • The request takes 48 hours to be accepted.
  • They carry out a scoring of your person.
  • They do not give loans while in Credit Checker.
Example: Loan amount: $ 8,500. Term: 2160 months. Fee: $ 140. Total amount to pay: $ 10,002. - Maximum APR: 15.62%

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What do I have to know before taking out a loan?


All the information about Personal Loans



    Personal loans, as the name suggests, are those that the bank grants based on the name and creditworthiness of the person. In other words, other real guarantees are not committed, such as in the case of mortgage loans (a property, flats, houses or premises is mortgaged) or in the car loan with reservation of title (the vehicle itself is left as collateral).

    Characteristics of personal loans

    • The amount of personal loans usually have a limited amount whose most usual amount is a maximum of 60,000 us dollars and a minimum of 3,000 us dollars.
    • The term in months to repay the loan is usually a maximum of 10 years, although it is normal for them to be for a term of 60 months. Everything will depend on the quantity.
    • They are granted with the guarantee of the person who will have to justify sufficient income to pay the monthly fee. For this reason, the payroll and the income statement are always requested, showing what is earned.
    • Applicants who have other previous debts registered that can be verified in the RAI and in the.
    • The application for personal loans can be done all online on the banks' websites and send the necessary documents by mail or scanned to the address indicated by the bank. They are Online Personal Loans.
    • Generally, they are personal loans without endorsement or other guarantees only with payroll or pension, except for exceptions due to job instability or other solvency reasons.

    Financial Companies that grant Personal Loans

    Today it is not necessary to ask for a loan in banks and Savings Banks. There are several ways to request money through personal loans:

    • The most traditional way going to a bank office and asking for the Director or the manager of credits and loans.
    • Apply for financing in the same banks but online. With the birth of the internet, all the processing can be done online and lately from the different bank applications.



    Request personal loans in online financial companies that are very competitive with banks with attractive interest rates and with immediate response. Some of the most active. Cofidis and Cetelem

    • Ask for money on web platforms that mediate or connect individuals who offer money in exchange for a return with people who need financing. What is known as landkending.
    • Private lenders or private loans. In general, these require mortgage guarantee and lenders have been reported offering operations of questionable legality.

    Main banks that offer personal loans:

    How to Request Personal Loans Online





    We have already indicated that the traditional way of requesting a loan is to visit a physical office and speak with the person in charge of financing. However, all this has now been facilitated and can be done online:

    • In the first place, access the website of the financial institution and enter the loans section looking for the tab in its directory that is usually quite easy to locate.
    • On the first screen they always offer us a loan simulator to make our own calculations and choose the amount and term to repay.
    • Once the amount and the term have been selected, we are invited to enter personal data, name, surname, address, etc. and the financial data of what you earn and the most important expenses, especially payments of other loans.
    • Then the Bank or Finance will give us a more or less quick answer. In the case of financial companies, you will have an answer instantly.
    • If the answer is positive, granting the loan, you will have to send the requested documents and the bank sends us the contract model. We proceed to the signing of the contract that we return to the entity who transfers the cash to us.

    Personal Loan Simulator

    There are multiple loan installment calculators on the internet and therefore, it is relatively easy to be well informed of how much we will pay for the credit and what amount can be requested.

    It is important to know this information before visiting the bank or applying online. Knowing the bill to pay, we can compare with the one offered by the bank and discover if it is putting other expenses in the calculation.

    On the other hand, if we take into account that the bank grants the loan when the monthly bill is not more than 35% of the net income, we will know in advance what response the bank can give us.

    Here you can calculate how much you would pay for your Credit:

    Loan Simulator

    Expenses that a personal loan has

    In loans, it is not only enough to pay the interest. They always carry a series of expenses.

    • The commissions charged by the bank: Opening commission between 0.5% and 2%. Commission for early amortization: 0.50% of the amount paid.
    • Commissions for late payment of fees. The bank applies a commission for each installment that is claimed apart from the default interest.
    • Notary fees. If the operation is intervened before a notary public, there are expenses that the notary himself receives. However, many personal loans are contracted without such intervention.
    • Other expenses for related products that the bank requires to grant the loan such as insurance, cards, pension plans, etc.
    • The interest rate in APR informs of all the expenses that the credit carries.

    The best way to know all the expenses that the loan includes is to look at the interest rate offered by the bank and compare it with the APR.

    Requirements that Banks Ask for Personal Loans

    The requirements to meet when requesting a personal loan from the bank are similar in all entities. Some of them to comply with the law:

    • Obviously they are granted to natural persons. Including freelancers, not companies.
    • Be of age. However, they usually limit it between 21 and 70 years.
    • Resident in United States. Spanish with DNI or foreigner with authorized resident card.
    • Show recurring income. Especially and easier when you have a salary or pension.
    • Not be in delinquent records, RAI, Credit Checker, etc.

    Documents To request personal loans

    Although the bank can always ask for a special or specific document to justify income or economic situation, the usual ones are the following:

    • Copy of the Identity document - DNI or Resident Card
    • Copy of the latest payroll
    • Work contract and working life in the case of temporary work.
    • Income Statement or IRPF. If not required, income certificate.
    • In some cases, proof of where the money is going (buying a car, buying furniture, renovations, etc.).
    • Last bank account movements with income and expenses.
    • In the case of Self-Employed, Receipt of the Social Security fee, quarterly VAT returns and personal income tax.

    Personal loans without payroll or endorsement

    Requesting a personal loan with a fixed payroll domiciled in a bank and with a sufficient salary to pay the installment that does not exceed 35% of net income, is the best way to ensure that the bank will grant the loan.

    However, it is possible to get a loan without a payroll showing that you have enough income to pay the monthly payment or that we have some amount pending collection as long as we can provide reliable documentation of the security in the collection.

    For example, if we have a debt pending collection or we are pending compensation or we have savings in the bank such as a fixed term, investment funds or pension plans.

    In the case of online financial companies, it is easier to request fast loans online without payroll or endorsement and they even grant the money while collecting unemployment.

    Personal loans being in Credit Checker

    When a bank analyzes the granting of a loan, its main tool is consulting the defaulter registry.

    Therefore, being in Credit Checker, it is very difficult to obtain Credit Checker personal loans and they may not analyze more data and ask for the unpaid debt to be clarified or justified or the operation is not accepted.

    However, if the unpaid debt in Credit Checker is small and the reason or reason is not important, the entry in Credit Checker may be ignored as long as the other data and income is positive.

    A different case would be Quick Loans with Credit Checker in online financial companies where delinquency is less verified given the high interest rate they charge and as they are mini-credits.

    Being in Credit Checker may be reason enough for the bank not to accept to grant credits and loans.

    What Happens if I Don't Pay a Loan

    When we decide to borrow money from the bank , it is convenient to measure the forces and analyze if we can pay the committed installments and within the established term or due date of the loan. The bank or finance company that grants us the money already takes care of itself to analyze whether, based on the data and documents that we provide, we have sufficient capacity to repay the borrowed capital.

    But, what happens if despite measuring our strength and the bank having taken all the precautions, an unforeseen event arises and we cannot face the letters of the loan:

    Steps that the bank follows in case of non-payment

    - At the first installment or letter that we stop paying, the bank sends us a claim letter asking us to enter it (banks usually include a commission called a claim for debit positions in case they have to claim a delay from us and the The interest charged to us becomes much higher because it is an overdue debt and known as default interest ).
    - If we proceed to pay the outstanding installment, the loan returns to a normal situation and the interests are agreed upon, but if we continue without paying the bill and the next month arrives, the bank again reminds us of its non-payment by charging a new commission on debtor positions.
    - Arrived non-payment of the third installment is when things get complicated and the bank gets more nervous given that according to the regulations of the Bank of United States, it must provision a part of the loan which means losses for the bank since said money destined You cannot get a return on the provision, that is, you have to make a deposit at zero rate.

    If we do not settle the outstanding debt and neither do we offer the bank a credible way out to pay in a short term, the usual thing is that the bank asks the Notary Public to certify the total debt of the loan plus the default interest and once certified, file a lawsuit execution of in court for non-payment of the loan
    From that moment on, the loan is completely overdue, since this is usually agreed in the loan contracts and it would no longer be enough to pay the outstanding installments, unless the bank agreed.

    After the lawsuit is filed and accepted by the Judge, accepting the debt that the bank claims, it goes on to request the seizure of the assets, if any, as well as seizure of the payroll and other income until the total debt is settled plus the interests.

    If there is a guarantor in the operation, the bank will also initiate actions against the guarantor.
    To bear in mind that the bank will not be able to seize from the payroll the amount that by law marks for the Interprofessional Minimum Salary (currently at 648 us dollars). Of the rest of the payroll, certain percentages can be seized and according to a scale of amounts from lower to higher.

    In summary, if you stop paying a loan and have no assets, the greatest damage will be that your payroll is seized, but taking into account what has been said that you cannot be seized the amount corresponding to the Minimum Interprofessional Salary. If you have a flat, a car or any other property, in that case your assets would go up for auction by the Court.

    As secondary damage, it would become part of the Rai and Credit Checker delinquency records, which would limit you from borrowing money in the future, since banks and finance companies always consult these records before granting loans. However, these annotations have an expiration time by law in the official data to the public, although banks usually keep said data in their records


    FREQUENT QUESTIONS


    At present, almost 100% of Spanish banks have a private loan in their product portfolio. In HowLynn Credit you can find out about all the banks that offer financing to individuals in their comparison section.

    The range of interests between some loans and others can vary a lot since each loan can be customized a lot, so the interests of personal loans will depend on the needs of each client.

    If you want to calculate what type of conditions a particular loan has, you can use our online financing comparator.

    In some certain cases, this type of loan can be deducted depending on the purpose of that loan. To do this, it must be noted in the section of boxes 501 and 502 of your personal income tax return.

    How do personal loans work?

    Personal loans are financial products that serve to financially finance people through the formula that a financier gives money to a person in exchange, this person agrees to pay an interest fee for the loan as well as to return the borrowed money.

    QUICK CREDITS

    The best information on fast online loans on the internet, with comparatives of companies.

    PERSONAL LOANS

    Finance your expenses and get a personal loan of up to 20,000 us dollars even without payroll or being in Credit Checker.

    LOANS WITHOUT PAYROLL

    If you do not have a payroll and you need money, we will show you the list of loans without payroll that you can request

    LOANS WITHOUT GUARANTEE

    List of the best quick loans that do not need to guarantee any property such as houses or cars.

    INTEREST-FREE CREDITS

    We show you the most current loans with offers of 0 commissions that we will get for Free

    PAPERLESS LOANS

    Loans that do not have to waste time with excessive paperwork or require many requirements.

    LOANS WITH Credit Checker

    List of the best loans on the market that can be granted to you by being in Credit Checker. Solve your difficult situations.

    URGENT CREDITS

    Instant loans immediately. If you need money urgently, online credits are your best way out.

    DEBT REUNIFICATION

    Reunify your debts into one. Do not drag high fees in the short term. We show you the list of credits that can help you eliminate your debt.

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