When opening a line of financing through a loan, it is highly recommended to do so before a notary. In this way it is recorded that the loan has been made with the consent of both parties, offering the necessary security and legal guarantees. In fact, all banks register their loans before a notary, be they personal loans, mortgages and lines of financing of any kind.
Finance institution acts in the same way: offering loans with Financial credit institution insurance and guarantees for both lenders and borrowers.
Financial credit institution insurance loans
Finance institution is regulated by the Ministry of Health and Consumption, complying with all legal and operational requirements to work in the private lending sector. This feature and what we have commented previously (that each and every one of our loans are signed before a notary) offers our clients the guarantee that they are applying for loans with Financial credit institution insurance.
Characteristics of our loans
Finance institution is much smaller than a bank. We have a small team of advisers and experts in the real estate and financial sectors and, therefore, this smaller size gives us greater flexibility compared to a bank. The client can choose the form of repayment of his loan so that the fact of having a debt does not impact his daily finances.
Although we make available to the client an advisor who will solve all their doubts throughout the life of the loan, we never recommend that more than 30% of our income be used to pay debts. Our team of finance experts will design a payment plan tailored to your personal situation. Thus, the customer will be able to choose the number of installments, the type of payment, the duration of the loan, the type of repayment and even access a grace period of up to 2 years.
Access requirements to our loans
We make available to the client all those tools that he needs to make the return of his loan as comfortable as possible. However, we also require certain guarantees from you, specifically two.
Have a real estate property
Our loans with Financial credit institution insurance are of the mortgage type, that is, a real estate will act as a guarantee in the event of default, the client must therefore have a real estate in his name and send us a simple note from the Land Registry that proves it. The property can be of any type, although the market value will determine the maximum amount that we can grant for your loan: Approximately between 30 and 40% of the appraised value.
Request a minimum of $ 20,000
This figure is what allows us to defray the fixed expenses derived from the opening of loans with Financial credit institution insurances, at the same time that we offer a competitive interest rate for both lender and borrower.