Loans without guarantee
Often it is necessary to finance the acquisition of goods or needs as there can be the car, the motorbike, the expenses of the dentist, a special trip, etc. or confront unexpected expenses in unforeseen situations. For that we use loans of small quantity in which the bank or the intermediaries ask the petitioner of the loan for certain requisites for his authorization: to have payroll, fixed employment, etc. and also persons who commit themselves like guarantors; to this he is named personal guarantees and they can be presented by the same person who requests the loan. These personal loans have a few interest rates that range concerning 9 % at present, always depending on the characteristics of the loan and of the presented guarantee.
But sometimes we are in certain circumstances in which it is not possible to present guarantees to us. That's why some entities offer the loans without guarantee. The loans without guarantee are usually loans of small quantities, from 600 to 6.000 euros, although they can come to the 60.000. This type of financing without guarantee is offered by all kinds of financial institutions, from the traditional banking up to the companies that promise to be every day in the press and in the TV as well as other small-scale enterprises you will intercome up located by the whole Spain. The only thing that we have to present is the D.N.I and the last payroll.
These loans, on having been granted without guarantee, have a very high interest rate, that TAE can come to 25 %. It is like that for the high risks that he supposes for the entity, which supports much raised valuations of slowness and non-payment. In spite of these high interest rates the loans without guarantee keep on turning out to be attractions, because for many persons there are the only possibility of obtaining the credit that they need and because, also, they offer a very rapid procedure; in 24 or 48 hours it is already possible to obtain an answer on the part of the entity and if the loan has been granted the quantity one will proceed to join account. The clients of the loans without guarantee are usually 30 and 55-year-old persons, with monthly income of between the 700 and 1.500 euros.
Due to the special conditions of this type of loans it is convenient to examine thoroughly the contracts that we sign to avoid surprises or complicated non-payment situations in a future.