This probably isn’t the first time you’ve heard of these terms. personal loan and credit These financial aids have gained a lot of weight in our society in recent months, thanks to their advantages and benefits due to the increase in rent and gasoline prices, among others.
Personal loans have established themselves as one of the most effective tools when it comes to obtaining creditworthiness economic quickly and safely. However, finding our ideal loan is an increasingly complex task due to the variety of banks available in our country.
If you want to improve the quality of your life or solve a debt that haunts you, we will now analyze some of the reasons why personal loans they are a very interesting solution in 2022.
Dealing with rent expenses, fines or last minute unexpected events are some of the problems reasons most common reasons why Spanish families and adults decide to apply for a personal loan. However, there are many arguments that can lead a young person or an adult to request this financial aid.
Applying for a personal loan is a very difficult process. easy, which can be done as long as the user meets a number of requirements. Some of them are adults, reside in Spain or have a bank account where to deposit the loan money. However, these conditions will depend on each financial institution.
To ensure that our personal loan complies with the law, it will be necessary to have a series of parameters to make our request a safe and effective process. For this, it is vitally important to consult the clauses that surround each financial institution, with the aim of being clear about its financing and other factors such as repayments or interest rates. For this task, tools like the credit simulator Oney, a real reference when studying the available options.
Where to find the best personal loan for me
Before applying for a personal loan, it is necessary to complete a series of conditions which can mark a before and after in this process. One of them is deciding on a reasonable amount, since the user must repay that money within a certain period with the financial institution, meeting repayment terms and an interest rate. It is for this reason that experts in the financial sector recommend doing a reflection exercise before applying for a loan.
This process includes activities such as deciding the amount of the request, analyzing the terms and finding the best alternative to apply for our loan. This last step is one of the most complex, due to the infinity of financial platforms willing to offer personal loans to users. Therefore, if we want to ensure a transparent and honest relationship between the borrower and the lender, we have to filter some of the options available on the market.
But where can I find the best bank to apply for a loan? This is one of the most recurring questions among those Spaniards interested in applying for financial aid. The large catalog of banks designed to offer personal loans and credits are responsible for the vast majority of doubts and worries of those interested in applying for financial aid.
Maximum amount that can be requested in a personal loan
Knowing the maximum amount of money that a loan can offer is one of the conditions that best helps the user to filter banking platforms according to their personal, work and economic needs and circumstances.
Financial institutions such as ING or Banco Sabadell have a limit of up to 60,000 euros, while other platforms such as Bankinter or Cofidis reduce this amount to 30,000 and 6,000 respectively. For its part, BBVA allows a request of up to 20,000, which further opens up the catalog of banks willing to offer economic solvency to those in need. As mentioned above, this figure can vary, so it is best to go to a professional to study the options that best suit our needs.
When choosing a financial institution, interest rates are one of the most important parameters. The interest rate will vary depending on the terms and conditions of each platform, so it is advisable to study this information before formally applying for a personal loan. Such is its impact, that the interest rate is usually a deciding factor in choosing one financial institution or another.
For this reason, if we talk about interest rates, platforms such as ING and Bankinter have interest rates of 3.99% and 4.45% respectively. These percentages can be increased in services such as Banco Sabadell (5.50%), Cofidis (5.25%) or Abanca (5.95%), among others.
