Pregranted credits
The pregranted credits are quantities of money that the banks and boxes put at the disposal of his clients of minor risk. Nowadays, it is a product that has become fashionable in all the entities. Many already offer them like one more bank service for these clients.
The request of the client talks each other of a very rapid loan, which does not need approval on the part of the bank, only since it is “pre granted”. It usually talks each other of loans of small quantities, up to 12.000 or 18.000 euros, which according to the form it is possible to use like a credit line of the one that is getting ready up to the limit agreed by the bank and is paying when one can. At the time of granting these pregranted credits the bank will bear in mind the risk that the client supposes: his record, his employed products, his payroll, the balances of his accounts, etc. These pregranted credits can be requested without realizing justifications, by phone, Internet or enclosed across the cash dispenser.
This pregranted money, available for the client, will not cost anything while he does not get ready of him. The pregranted credit is an additional service that gives the bank and until he does not get ready of the money any interests will not be earned. It is a very interesting product to be financed in special moments of consumption like the Christmases, holidays, economic holes, reforms of the hearth or any other motive. The interest rates range between 7 % and 11 % according to the entity. In case of requesting a loan to several years annual reviews will be demanded from us to verify that we keep on fulfilling the requisites that were demanded (payroll, certain balances of investments, etc).
The credits pregranted, therefore, are of very rapid securing, but it is not necessary to confuse them with the so called rapid credits or urgent credits that offer any entities. These others offer less money and receive a few very high interest rates (up to 24 %); also, they are not pregranted but they are managed, are approved or push back with more rapidity.