Begin by an explanation as simple as possible, on personal loans and our concept of personal loans in Spain. As we have said in other posts, the difference that personal loans have on a mortgage, is that the grant does not make any warranty as part of it.
But beware, it is fair to warn That he not part, does not mean that if we fall into arrears the institution and depending on the amount, seek to implement safeguards that are in our name, since according to the mortgage law are responsible for our present property and future.
However personal loans, have more to say, I go back to personal loans, approval is based on objective analysis, this means that the numbers are based on the proportion between what we charge and pay (Ratios indebtedness), in working life we have, the age at our last job and the type of contract. In the other scale is a subjective analysis performed in which our movement has value, our behavior in other receivables payment if we have or have had default, the impression we have informed the principal or the entity with which we state and use or purpose that we will give the money we give. And according to the amount we request, we ask you for proof take home to our name or sign us guarantees, to support the operation.
If we all requirements set by the institution, we grant a personal loan. Typology that will always be faster in their award a mortgage
By marking guidelines in the extensive catalog of personal loans, we’ll throw a few lines to sum to identify and publicize existing ranks: