Reasons to get a loan without collateral.

Although before obtaining a loan without collateral was complicated, in the last five years it has been facilitated. In this article we explain how to access different personalized offers according to your interests.

Granting of the loan without guarantee

Granting of the loan without guarantee

First, you have to start from a base: a loan is given if there are guarantees of collection. The question is simple and, in essence, has not changed since banking existed. Therefore, the novelty is not in the business itself. What is certain is that the criteria for granting a personal loan varies enormously. There are three main reasons why a loan can be granted without a guarantee:

  1. The applicant has sources of income that, although not always the same, do allow him to face the debt. Also, keep in mind that for these loans, the repayment period is usually short. The case of solvent self-employed but with incomes that vary over time is paradigmatic.
  2. The person requesting the loan has properties that respond in case of default. There is, therefore, no practical reason to deny the operation because there is a backup. Only an extremely conservative risk policy can justify this attitude.
  3. There are interests that compensate the risk that the company takes when lending the money. On the other hand, it must be remembered that the non-performing loan ratios in Spain are exceptionally low compared to other neighboring countries.

These reasons are the ones that justify the granting of a loan without guarantee. What should be asked rather is, why has the market taken so long to open up ? Well, we can conclude that there are two main reasons. Firstly, cultural issues related to the habits of Spaniards regarding loans that changed from 2009. Secondly, because competition in the financial sector has increased. Today access to financing has been democratized, thanks to the expansion of fast credit companies.

Why use a loan comparer without collateral?

Why use a loan comparer without collateral?

The loan comparer is a very useful brokerage tool. It is used to have a clear and transparent reference to the conditions of an operation. In addition, and if it is linked to a database, it also serves to authorize or deny in a matter of minutes. Lite lender fulfills this function with legal guarantees and professionalism. You just have to send the request and in a few minutes you will have a definitive answer. If this is affirmative, they will deposit the money in your account without further explanation and you will be able to have it immediately.

A fast loan without guarantee is feasible in a few minutes , receiving up to 1000 USD to be repaid in 90 days. If you don’t feel like wasting your time or simply need to get the money, this is a good option. There is no reason to limit credit if you can afford debt, that’s why we make things easier. We advise you to contact us if you have questions. Today accessing a loan without a guarantee is possible thanks to what Lite lender offers.

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