If what you want is to buy a home, a car, or you have to face a large expense and you don’t have all the money, the best option you have is to ask for a loan. If what you want is a “cushion” of money that you can have in case you are in a hurry, the most advisable thing is a personal loan.
It is common for banks to request credits or loans, there are few people who have not made that request to solve a worrying situation. Only those who are careful to save month by month can avoid requesting them.
The credit that is requested to carry out a specific expense is called personal loan, these are subdivided into: studies, home renovation, travel, consumption or car.
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When it is unavoidable to apply for a loan, it is necessary to evaluate which bank or financial institution to request it from and to know what the requirements are.
Where do you get a personal credit?
When you have already made the decision to request the loan and you ask for it for the first time, decide who you will request it from, where you will get it.
The options that exist to apply for the loan are the following:
1. Banks: They have a varied offer of personal loans.
2. Savings banks. A list of 156 authorized savings banks appears on the Condusef page, which met the requirements to carry out credit and savings operations with their partners.
3. Cooperative Savings and Loan Societies (Socap). There are 156 authorized companies that operate almost throughout the country.
4. Private lenders. There is the possibility that on behalf of these lenders they commit internet scams, try to deceive people who are looking for money and ask them for a small amount up front with various excuses.
5. Supermarkets and department stores: Self-service stores offer offers for purchases to be made in the supermarket, refund of a percentage of the purchase, months without interest, programs with benefits, among others.
6. Platforms that manage loans between individuals. such as Doopla, yotepresto, Afluenta, Prestadero or kubo.financiero, etc.
What are the requirements to apply for a personal loan?
Depending on the type of loan and the amount you request, you must meet the requirements. The main ones are:
- Be between 22 and 76 years old
- Have a fixed personal income, although it varies depending on the bank or credit institution in question.
- Have good credit references
- Present valid official ID / Proof of current address / Proof of current income
- If you are a foreigner, you must present a valid passport and FM2 or FM3 or an updated National Institute of Migration Card indicating “Temporary or permanent residence”.
If you do not have a document, the conditions for you to obtain the money will be complicated, they may require guarantees or applying higher interest or commissions.
In addition, there are many personal credits in which you could be charged directly to a savings card or your payroll card.
Do not forget that if you are looking for a loan, it is always advisable to compare the interest rates, terms to pay and installments that you must cover, so that you choose what suits you best.
More information in the Credits Section.
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