Living loan in Colombia: what the nobility needs

Today's fast lending is one of the most popular in Colombia. This type of position itself can be easily arranged in large banks and financial organizations.

Let's take a look at the report on what the procedure for obtaining a temporary loan is and what nuances require respect.

Fast lending: banks' proposals

There are two main types of live loans that banks offer: purposeful and non-purposeful. At the time of issuing a special-purpose loan, the employer specifies that for the acquisition of certain goods and services, there is no need for it during the execution of a non-purpose loan.

Statistics financial reputation and banking trust.

Such a credit program has two downsides: a higher interest rate and a low loan limit. If the sum and term of the loan are large, then the overpayment will also appear significant.

An alternative to a banking position can be a microcredit, which is provided by microfinance organizations and online services. Encourage such creditors to sell money on simple minds, for example, without proof of income, security or guarantees. Withdrawal of pennies can be done quickly and with a minimal package of documents.

How to get credit from the brightest minds?

Of course, the ability to withdraw a loan for any purpose looks extremely attractive, but in order to avoid choosing, it is necessary to pay attention to all the details of the proposal to the bank or financial institution.

First of all, you should not trust advertisements that offer zero-cost loans. Due to Colombia legislation, banks cannot offer 0% interest rates. However, since the monthly rate is insignificant (for example, 0.01%), in fact, you may be subject to additional one-time or thousands of payments, commissions, registration fees and maintenance fees, etc.

Preparing documents for a permanent loan does not take as much time as taking out a mortgage, for example. Sometimes it is worth paying for other types of credit. However, interest rates are now high, which is not always beneficial for the client.

Also, when registering a position, banks are often tempted to introduce additional additional services that you don’t really need. In order to avoid difficulties, it is necessary to carefully read all the points of the agreement.

These financial regulations apply to insurance in financial institutions, and also establish insurance for pre-term repayment of the loan for additional penalties or deductions.

Before the time of registration of a position with a low interest rate, pay attention to a number of features: a commission for the transaction and repayment of the loan, penalties for late payment, as well as the charge of hundreds of dollars not for the period of payment, but for the future position lines.

In order to get a really good temporary loan and avoid a lot of problems, be sure to look at the offers of several banks, align their minds and choose the most attractive option.