If you are wondering how to get a loan with Financial Credit Institution, do not worry, it is possible. The credits that the banks grant are subject to the fact that our credit history is perfect and that we do not have any unpaid contracted debt. In these cases, many companies and companies, such as those in the telecommunications sector, include us in the register of Rai or Financial Credit Institution and sometimes for a very small amount.
How to get a loan with Financial Credit Institution
But what happens when you are included in this registry and you do not have enough money to cancel the debt? And if in addition, you not only need that amount but something else? There is a solution; request the loan from an individual. However, this procedure must provide guarantees for the individual who leaves us the money and today, the only reliable guarantee for a lender who is going to make a loan to you even if you are included in the Financial Credit Institution is real estate.
Requirements to get a loan with Financial Credit Institution
For an individual to lend us money, we must provide a property free of charges and without a mortgage. Or if you have a mortgage, it must be very low, around 10% of its value. This is the only requirement that is requested, none more. But you have to take into account that the preparation of the credit has a series of expenses with which the loan that is made will be of an amount greater than what you need.
Let’s see a typical example of credits with Financial Credit Institution or Rai
Let’s suppose you need $ 6,000 to pay off your debts and leave your name as a paten in front of the banks and get them to grant you a loan at a future time. Also, imagine that you need $ 2,400 to fix the car and pay some bills. In total, you will be needing about $ 8,400, with which the loan that will have to be made will be that amount plus the costs of preparation.
We must know that the loan will be of a mortgage type with which the notary, registration, and payment of taxes, and in our case, the fees of the financial intermediary that manages it, intervene. Between whistles and flutes, $ 3,000 or $ 4,000 more is not taken away by anyone. In other words, the most probable thing is that the total credit that you are going to sign will be approximately $ 12,500.
We are aware that they are not economic loans since the formalization cannot be done in any other way and many parties intervene that make it more expensive. But if you are included in the Financial Credit Institution, you have no other option.
Useful tips when applying for a loan with Financial Credit Institution or Rai
Ask for what you really need to get out of trouble and clear your name. No more. Later, if you need more money, it would be better to request it in traditional banking, since the interests are cheaper and, above all, the lower costs of clothing and, of course, you will not have to put your house in guarantee. We always recommend that these types of loans are requested to get out of that situation in which banks do not listen to you for the simple fact of being included in any of the records of Rai or Financial Credit Institution
Interest on loans and credits with Financial Credit Institution
In our company, we are aware of the expenses that this type of loan entails and for this reason, we do not affiliate private investors who want more than 15% annual interest, because we consider it to be excessive. But we also have a problem because of it; and it is that if we go below 15% interest we do not find investors !! and we could not grant you the loan, whereby the interest rate of a loan with Financial Credit Institution is 15% annual interest.
At Spin Lender, we make it easy for you to repay these credits since you can repay the loan in easy installments for up to 10 or 15 years, depending on the amount.
Conclusion on how to get a loan with Financial Credit Institution
In short, we hope that we have clarified your doubts and that this article has served to decide whether to request a particular loan or not. Above all, remember that if you do ask for the minimum and essential, and as soon as you have your name clean, request it from the bank and cancel the one you have contracted with the individual. If you want more information and personalized attention, do not hesitate to contact us. We will be happy to help you. Here we leave you an explanatory video about loans and credits with Financial Credit Institution or rai.