Nowadays getting a loan through a bank is more complicated because these entities have tightened the necessary requirements to obtain any type of financing and now they are asking for many conditions that in some cases cannot be reached, in terms of private equity companies; These were very successful and developed after the financial crisis because they were one of the best alternatives to obtain loans. Let’s look at some differences between bank loans and private equity loans.
Banks asks many conditions
Getting a loan in a bank will be much more complicated than in any other private capital company, banks ask for many conditions and do not grant credits to people who are enrolled in delinquent lists or who do not offer them enough capital repayment guarantees borrow. These entities look for clients who have job stability to grant them the credit that they are asked to also obtain money is more difficult because loans are not as fast as in private equity companies.
Our private equity company provides loans much faster and the client only has to meet one condition, present a guarantee that can be of the real estate type or of any other kind, so that the user can obtain their loan or credit even if they find enrolled in a list of defaulters, it will not be a problem for our company. A private equity loan can be obtained by presenting vehicles, art collections, real estate, etc. the only exception is jewelry and as we see, there are many options available to the customer.
Rate of private capital loans
The private capital loans that we provide can be up to 20% of the value of the guarantee, in the case of real estate these have to meet a super important condition so that they can be guarantees of our credits. The real estate guarantees must be free of charges and mortgages and we accept as valid flats, houses, premises, etc. the only thing that is not acceptable are the plots, plots or land.
Another difference presented by private equity loans is that money can be obtained very quickly, in less than 72 hours the client can have the money requested from our company entered into their checking account; This takes place if we have received the necessary documents to carry out the procedures.
We must emphasize that our economic activities are regulated by the Ministry of Health and Consumption, so that the client can feel confident and calm being in the hands of professionals who have experience and training on financial and real estate issues. In addition to this, we take care of the official appraisal of the house and we can carry it out at affordable prices for the clients.
Credits granted by the company
The credits granted by our company are from $ 3000 and can be paid in comfortable installments at the consumer’s choice, these terms can be monthly, quarterly, semi-annually, or annually. There is also the possibility of making an early cancellation at 0% penalty as long as the client has been with us for a year of mandatory compliance.
Another important issue is the safety of our company is regulated by the Ministry of Health and Consumption and we comply with current regulations. Differences between bank loans and private equity Rate this page