Alternative credit channels attract the attention of many Argentines, because they are the only way they have at their fingertips to make money, both to make purchases and to pay debts.
Above all, this occurs in those who do not have access to banking sector, because they do not comply with several of the requested requirements financial support to be able to obtain a loan in this way.
Therefore, they must turn to the non-bank channels to get that cool money they need so much, more easily, to cancel their commitments.
Although this also implies validating paying a higher cost, due to the lesser support available.
In fact, according to data from the Central Bank, loans to the non-financial private sector with a term of up to 89 days have a 84% annual interest rate on average.
A cost that reaches double to what must be paid in the bank credit channel.
Therefore, to find out what type of public prefers this type of simpler but more expensive alternatives, what their consumption is and what amounts are requested, iProfesional spoke with Diego Ovsejevich, president of Agilpesos, an Argentine company with more than 20 years in the market, which is dedicated to consumer financing, through non-bank personal loans and credits.
In this sense, this spokesperson indicates that the sector in which it operates “it is not an informal sector, rather it is a formal and legal sector and activity. These are non-bank loans. “
The services they provide are classified into two different groups: on the one hand, the so-called loans for directed consumption, which are offered in different shops, where “it is sold on credit”, financed by this company through its own credit card (Agilcred).
And, on the other hand, it has the non-bank personal credits, that “is when the public receives a loan in cash in our premises “.
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Outside of the banking system, many people need to obtain money to make purchases or pay debts.
In this regard, Ovsejevich maintains that the requests for credits and loans “have been growing and there is an increase compared to a year ago. “
According to company data, between January to November 2021 they were marketed 15.4% more credits versus the same period a year ago.
Destinations and amounts requested
The main destinations for which these loans are required are both for the most expensive expenditures of families and for consumer spending.
“Users often request credits for fixes in homes or cars. Also for the purchase of dress or to catch up on certain debts or payments to make “, sums up this voice.
On the side of interest rates, which are higher compared to banks, Ovsejevich opines: “They vary in terms of different variables, such as the amount requested, the number of installments requested, credit history, the town or area where it is issued. credit, among other issues. “
In the case of your company, it highlights that They work with fixed fees and in pesosTherefore, “whoever asks for the loan knows how much he will have to pay, regardless of whether there are increases in inflation or in the price of the dollar, for example.”
The amount of fees that are most requested by customers vary in payment terms between 3 and 15 months, according to the requests and preferences of the interested parties.
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The costs of financing outside the banking system are considerably higher, but the requirements are much simpler.
In detail, as for the amounts requested from credits, Ovsejevich details to iProfessional that the average figure requested by the people is from 22 thousand pesos, with maximums reaching up to $ 60 thousand.
The most common reasons of the need for these amounts by the people, according to this expert, are the spare parts at homes, the payment of other accounts, purchase of materials from construction, fix a ceiling or an electrical installation. Also car fixes or the payment of medical studies, something that happens especially in retirees.
Regarding the loans for directed consumption granted in the commercial premises of the company, the average granted is lower, since it is $ 8 thousand, with maximums reaching $ 35 thousand.
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