How to get a loan for the unemployed in Colombia - creditnice.co
Citizens who do not have permanent employment are considered officially unemployed in Colombia. The same category includes people working informally, as they cannot provide documents confirming their income level.
For most banks, the client's employment is one of the main factors affecting the decision to issue a loan. In this case, the income certificate becomes a guarantor that the potential bor or a "Universal" card. When receiving a loan, no income certificate, collateral or guarantor is required, but the debt repayment period is limited to 12 or 24 months.
3. Monobank
Despite the fact that Monobank appeared on the Ukrainian banking market not so long ago, its popularity is g can play a decisive role in making a decision not in favor of the bor or a microfinance organization (MFI). To receive a loan, you will be asked to provide only your passport data and identification number. In case of a positive decision, the required amount of money will be transferred to the client's card within one hour.
The advantages of online lending do not end there, they include:
- • remote registration and communication with the creditor, which significantly saves the bor when applying for a loan for the unemployed.
Despite all the above features, it should not be forgotten that breach of contract or long delays will have a negative impact on the borrower's financial reputation and negatively affect his credit history. Therefore, when applying to any organization, carefully study the terms of granting loans, repayment terms and possible penalties.
Which loan to choose: cash or card?
If you have already decided on a bank or financial organization that provides loans to the unemployed, then only one question remains to be resolved: which type of loan is better - by card or in cash?
Of course, a lot depends on the specific financial offer, as well as the purpose of obtaining a loan. For example, if you are going to pay in cash in the future, it is better to choose the appropriate option. In this case, you will be able to avoid ATM withdrawal fees and other additional payments. At the same time, it is more convenient to the card when making frequent but small payments.
Compare the interest rates that provide the lender with a profit from the loan issued. The value of this or that loan primarily depends on them. Each bank and financial organization sets special conditions for cooperation with clients who do not have employment, so the percentage is different for everyone.
Whichever loan offer you choose, remember to be financially disciplined. Compliance with the terms of the contract and timely repayment of debts are reflected in your credit history and experience of cooperation with banks or other organizations.
