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If you need financing, Car Loans can be of interest to you. As a company dedicated to the pawn firm offers loans from 500 euros to 15,000 euros. This company invoices with the company, KotseCar. with registered office in Barcelona, ​​Paseo de Gracia 53, 1st 1st.

It has been implanted in our country for years, being an alternative to Kotche as well as other similar loans. In the following article from Cristock we will show the characteristics and conditions of these quick credits. Having both advantages and disadvantages being what we are going to see.

What loans on cars are the ones signed by the Carqueen financial company?

This financial thing is to sign credits in guarantee of vehicles both in circulation and in deposit. It does not carry out a single type of financing but offers its clients to do it in both ways. Something that at least we consider as positive because not everyone wants to have to deposit their vehicle.

There are those who prefer to continue circulating with the vehicle. That is, he does not make personal loans but instead focuses on the so-called loans with endorsement. Of course the option in circulation will always be more expensive than the view in deposit. The financial here assumes a higher risk and therefore applies a higher rental cost.

By the way, although it is called car loans or pawn is not really a credit. Here the clients do not pay interest but pay a rent fee. This is because what the financiers do when they make the loan is to change the name of the vehicle. The financiers put up until the vehicle is canceled in their name. With this what the financial seeks is to obtain security, even more if the vehicle continues to circulate.

What are the KotseCar loans for?

More or less they are good for everything, although in Cristock we think that they are mostly used to get fast money. That is, for when people and companies need to get loans instantly. They are also used to solve problems such as the asnef. Canceling debts in delinquency records is easy with this type of financing.

It is because the financiers do not take into account the financial situation of whoever asks for the money. Only take into account the guarantee provided, nothing more. And this is something that is undoubtedly a positive aspect of financing.

Documentation requested in this financing in the form of commitment

The documentation as you can imagine is the vehicle because the financial does not care about the rest. When doing the study analyzing only the vehicle in question will not take into account the other variables.

The incomes of the applicants, asnef, indebtedness… none of this is valued.

1. Vehicle data sheet
2. Circulation permit
3. DNI of the holders of the property in question.
4. Photos of the vehicle
5. Surely in order

This is the documentation that customers have to provide in the processing of one of these credits on vehicles.

Requirements to meet if you want to be able to request money in the KotseCar financial

If you want to ask for a loan in this company, we show you the requirements that you have to fulfill. That basically are the vehicle, no matter the rest as we have indicated the rest.

• The vehicle that you provide as a guarantee must be free of charges.
• Must be less than 7 years old if possible.
• The good provided has to be in perfect condition and have gone through all the mechanical checks.
• Before signing the loan the vehicle will pass through the workshop to make the appropriate checks.

Online Loan

Anyone can meet with financial problems. Unfortunately, sometimes we have unplanned expenses, which should be paid immediately. Not everyone, however, has the opportunity to borrow money from family or friends, which is why the first loan comes into play. Many want to take advantage of the offer of local banks. After all, who, if not they, help us in applying for a loan ? However, without having a regular income, without creditworthiness, it will be difficult for us. It is true that everything changes, and this is due to the offer of non-banking companies. It is they who offer us quick and cheap non-bank loans. When applying for a loan, usually on the same day you can expect money on your account. Due to the fact that today almost everyone has access to the Internet, such a loan is a simple process.

No creditworthiness, showing a contract of employment, BIK and other unnecessary formalities. Among people applying for online loans are non-bank people who have no other choice and must seek this type of help. A sudden operation that absolutely can not be translated requires us to have instant cash availability, when we must do it privately. In such situations, a non-bank loan is an ideal solution. However, there are people who so-called they live on credit. They can apply for several loans at once. Interestingly, in non-bank institutions, we can apply for each of them and receive it, there are no limits. They are applying for it, to leave once again for holidays or to buy another unnecessary things that could wait for later.

Very quickly you can fall into this spiral of borrowing more money. Such behavior will certainly not work out for good in the long run. We will not control repayment dates, which will result in further payments. A non-bank loan is a quick option to deal with financial problems. However, each of them has a different weight and should be divided accordingly. Let’s reach for them when it really is necessary.

Anyone should have a leg and the situation should get out of hand. This, however, does not mean that we have the right to look for the guilty one everywhere, or for ourselves to digest it with remorse. Definitely better, and properly mature, is to start planning an emergency exit. Even if we have financial problems.

APRC on debt consolidation

Having a very large amount of various debts on your account and knowing that we are unable to pay them off, it is worth thinking about debt consolidation. For sure, the biggest barrier to this development is the costs associated with the consolidation loan. We are afraid that they will be much higher than the costs charged to us at present. Any banker or financial specialist will tell us that it is not. But if we want to find out for ourselves, just look at the APRC.

APRC, ie the actual interest rate, is an indicator informing about all credit costs incurred, including interest. Looking at bank offers in financial comparators, we can quickly see that the real interest rate is around 5 to about 8 percent. This value is even several times lower than in the case of a cash loan. Interestingly, banks often give the opportunity to negotiate the value of all costs. If certain conditions are met, the consolidation loans may be much lower.

Cost-effective APY

Another aspect that we will be thinking about is whether the consolidation loan is profitable for us, or maybe the current debts. Certainly much depends on who we really owe money to. As for the closest family or friends, or maybe installments for different devices that do not have interest rates, the answer is probably unambiguous. However, when we are prompted by non-bank institutions, we received a penalty interest for unpaid credit in the bank, then debt consolidation will be the best solution. Offers on the most favorable conditions, we can check without any problem in financial comparison engines.

Which companies offer loans to expiration in Spain? Because they do it, what advantages do they have? If you have in mind to request one of these credits without monthly fee in Anne Shirley we show you the advantages of this financing. Being on the other hand a type of credit which is limited to a few situations.

The due credits do not serve any financial need, much less being what we are going to see. Most of the time it is processed when the clients have in mind to return the money with the sale of some real estate and in the short term. That is, when the return is intended to be done at once, with a sale, the collection of money, inheritance ….

The refund is presented very differently from what we would see in the signing of a loan with monthly installments. By the way, this financing we will see especially in private equity mortgages. 

These loans are usually processed when a loan is sought for a period of time, usually at a maximum of 1 year. Private equity companies have adapted to this need by offering credits of this type WITHOUT MONTHLY FEE.

How do the loans to expiration work?

These are credits where the return of the credit is raised with a deadline, there being no monthly installments. Let’s say that a client signs a loan of this type for 1 year.

If you sign it on January 1, 2017 you will have until January 1, 2019 to make the refund of the credit. The refund will not be done by paying monthly installments but will do so at once. That does not have to be the last date, you can do it much sooner. Although he has 12 months to return the money for power can make the return when it seems.

In the liquidity loan to advantage, for example, this return is usually made when the property is sold. If it takes 4 months to sell the property even if the client has signed up to 12 months it will return it in 4. Do you understand?

Characteristics of loans due and without installments

Even though we are private equity loans, we can not deny that they have different characteristics than those of quotas.

1. The refund is made suddenly, not little by little.
2. There are no monthly fees to pay since the refund is raised differently.
3. The interest rates of these mortgage loans tend to be better than the rates of interest.

Not because the refund is due but because they are short-term loans.

4. The financiers that offer these loans usually do this operation to 1 year with option of renewal to another.
5. This type of credit is only signed when the return is very clear and always thinking in a short time.

TAE of loans of this type

We at Anne Shirley can not speak for others but we usually rate them between 9.95% and 12% per year. Depending on the operation, it may have one cost or another. And although in monthly installment it is also usually cheap for private capital at maturity it will always be more.

Financial companies are interested in making short-term loans that are not medium or long term. Because for them the signing of a loan is an investment. And if they can choose they will always prefer to do it short so they can lend their capital a greater number of times.

conclusion

As a way to get money through private loans, maturing loans can be the ideal financing. Whenever you have an idea to cancel it in 1 year or less. Because although the renewal option is always given with the payment of interest, this is not how it has to be done.