If you go to the market outside the banking system, Financialor is a financial credit establishment that offers personal loans as well as in the form of mortgages in an efficient, simple and reliable way.
Founded in 1968, it has more than 23 branches throughout Spain and can offer a quality service in the signature and credit management. Its objective has always been the same, to provide financial services that serve to cover the needs of the clients as effectively as possible.
Hence, it offers both personal loans without collateral and on collateral. For all this below we will explain what Financialor SA is the characteristics and conditions of its credits, requirements and much more. If you have in mind to request financing in this company before you should read the article.
What is Financialor
It is an EFC that has been operating for more than 40 years, having had more than 60,000 customers throughout its history. It is not a bank but it does not offer the so-called private capital loans being an intermediate option.
What does this mean? Well, it admits financial situations that banks and banks would reject as a general rule although when they do, the conditions are worse than the banking ones.
In fact, in spite of not being private capital, the conditions with which it lends are practically the same to private finance companies. This is not bad, everything is said as it is usual.
Accepting financial credit institutions, borrowing or even small income is only viable in this type of lender entities. Although they are not financial establishments as we have pointed out, it is similar to private capital.
Advantages of applying for a loan at Financialor
Then we will show you some of the benefits obtained by the clients of the entity in the signing of fast loans.
- It is a quick loan because in a period between 48 and 72 hours you can have an answer about the viability of the operation.
- Personal deal with the client either by phone, online or even in the office.
- The credits they make are personalized, that is, they adapt the loan to what you need.
- Maximum confidentiality throughout the process.
Approximately 80% of the people who go to Financialor do so because they have been rejected at their bank. The good thing about the company is that factors that banks reject here are not valued in the same way. It is the closest thing to private loans but without really being these, because the borrower is not an investor as such but a financial establishment of credit. Although their similarities have their differences.
Types of credits
As a company dedicated to the granting of several loans are the loans that offer being the following.
Personal loans
You can request a personal credit of up to 6000 euros without the need to provide guarantees. The process usually lasts an average of about 48 hours, with many existing requirements. Many times it is not enough that only sign the one who asks for the money, being necessary the contribution of guarantors. Mention also that if you have less than € 1500 per month unless you sign another guarantor with income is difficult to get approved. The good thing about this financing is that the interest rates are on the average being cheaper than the online loans seen on the internet.
Mortgage loans
Through these mortgages you can get fast money by providing a property as collateral. However, it is necessary that the property that contributions be free of charges and have sufficient value. Also note that having a property without charges does not guarantee you obtain the credit.
It is important to demonstrate the ability to return, especially because you have demonstrable income or you plan to sell a property, an inheritance… The processing can last an average of 2 weeks quietly. Approximately three times as slow as in loans without endorsement. In practice, only properties in cities or towns with more than 10,000 inhabitants are accepted. So if your property is in a town with fewer inhabitants or in an area of little interest to the financial would not be valid.
How to ask for credit
If you want to apply for any of the loans Financialor you can make the request in several ways, being what we are going to show next.
- Online application:
From the web of the financial (here) you can also request the credit being the only thing necessary to fill out a small contact form.
- Calling by phone:
To request a loan by calling one of the available telephone numbers according to the branch is also possible. For example, if you are in the city of Madrid, you will call the Branch Office in Madrid.
Branches and Finance Offices
You can do the process physically going to any of the offices of the entity in Spain. As we have indicated, it has 23 offices located in different autonomous communities, which can be processed in person. Here you have both the address, customer service hours, telephone numbers and emails of each of them. First we show the name of the office followed by the address, zip code and then put your phone number, fax and mail.
Requirements to apply for the credit
By offering a personal loan and also a mortgage loan the requirements of each option will be different.
In personal loans the requirements are usually the following :
- Not be in arrears records.
- Have regular, regular and stable income.
- Have seniority in income.
- That the income exceeds € 1500 if possible.
- Have a good credit history.
That is, more or less ask for the same as any traditional financial.
If you ask for a mortgage, the requirements will be as follows :
- Have a property free of charge or practically free (If you have any debt you will have to be canceled with the financing)
- It is necessary to justify demonstrable income of some kind.
- You have to demonstrate the ability to return.
As for the financial credit institutions, the Financialor personal loan can be denied because it is included in a file, but not the mortgage loan.
Loan repayment
Return the credit in the entity is done through the reimbursement of monthly installments. The credits offered here, however, can also be adapted to expiration in case the client so requires. But nevertheless it is that the clients make the return by means of the payment of comfortable monthly installments through which they amortize and pay interest.
Therefore, you must comply with the established payment commitments if you do not want the debt to end unpaid. Also say that if you have a problem with the payment you can always contact the customer service department to find a solution.
Advance payments
Financialor allows the early repayment of the loan although for this reason it usually applies a commission for compensation that is usually between 0.5% and 0.25% after about 6 months since the signing.
Therefore if you can it is better to amortize before date.
Non-payments
Briefly we can say that if arrival the payment date can not deal with the credit is important to contact the entity.
The non-payment of one of your loans brings a series of negative consequences showing some of them immediately:
- Inclusion in patrimonial solvency lists.
- Claim of the debt by judicial means.
- Loss of the guarantee provided as guarantee.
For this reason our recommendation is that you only sign those credits that you know you can afford, unfortunately this is not always the case. If you have any suspicion that you will not be able to make the return in a timely manner, it is best not to sign it. It is useless to solve a problem in the short term to generate another in the medium term almost certainly.
