Private loans are another financing option within the financial market. It is said private because the financing does not come from a bank, but from a private company. It is a choice to obtain financing that has always existed and that is currently very professionalized and complies with all the guarantees.
To make a quick summary, generally, a private loan is used when the bank does not offer financing and requires a real estate guarantee as collateral, either from a relative or acquaintance, and the source of this financing comes from a private company.
Below we will briefly explain what private loans consist of.
What are private lenders and why turn to them?
Having liquidity immediately many times becomes impossible, either because the waiting times to get money are too long, or simply because the bank does not give it because the company or individual does not meet the requirements they need. For this reason, not everyone can access a bank loan.
When this situation happens, that the banks do not grant financing or that it is needed in the short term, the only option to obtain financing is through private loans ; that are companies or individuals that offer financing in exchange for interest and property as collateral in the event of non-payment.
Private lenders are somewhere between traditional banking and the private lender, although it offers similar security to banking. They are usually stable and profitable companies that can effectively analyze the risks of each operation and offer totally free and personalized advice .
Like banking entities, with private financing an analysis of the economic situation of the company or applicant will always be necessary. Although the bureaucracy and the deadlines are much less demanding, the success in obtaining the financing will depend on the commitment of return and guarantee provided, better if it is free of charges.
With private financing, large sums of money can be requested, everything will depend on the real estate guarantee that is provided and, in addition, the requirements are more flexible than those of the banks. Yes, it is true, that when resorting to this source of financing, trust and security must be demanded and it is mandatory to verify that the company offering financing is registered with the ministry, with the National Consumer Institute and with the State registry of Intermediation companies. .
Advantages of private loans
- The best solution to get money quickly
- It does not matter to be on delinquency lists, such as RAI or ASNEF
- You can get a custom installment plan
- Free study to analyze your situation
- There is no funding limit
- They are totally safe loans
When to resort to a private loan
You can access a private loan at any time. It is true that it is used more frequently when banks and traditional entities do not provide any type of financing because the company is in bankruptcy or is on a delinquency list such as ASNEF or RAI. Fortunately, on these occasions, when bank financing cannot be accessed, private loans appear that are willing to provide credit to these companies or individuals that traditional banks reject .
You have to be careful with whom you make a private loan, because they are usually signed by people in a precarious economic situation who need the money at all costs. Many lenders know this and take advantage of it to achieve unfavorable conditions, therefore, it is very important to know with which companies to make a private loan and check that it abides by the law, that it transmits security and with reasonable conditions, such as TQ Eurocredit.
How to access a private loan
To request information or access a private loan, you just have to perform these steps:
- Fill in our private financing form or call any of our offices directly explaining the current financial situation.
- It is necessary to present a property as collateral , either your own, a friend or a relative. If possible, free of charges or with little mortgage.
- Wait a few minutes for a specialized agent to contact you to carry out a first analysis.
The requirements that are needed to make a private loan is simply to have a property that does not have mortgage or seizure charges and the documentation to provide is:
- A simple note
Once the property has been analyzed, the amount agreed, the repayment terms and the fees, at the choice of the company or person requesting the loan, the operation is formalized before a notary .
Private loans in North Carolina, South Dakota, Nevada and the Balearic Islands
At Dark Keep we have offices in North Carolina, South Dakota and Nevada and we can operate throughout Spain. We offer private financing of up to 45% of the value of the real estate guarantee provided.
Private financing is the way in which you can get financing more quickly, so once you contact us , we will carry out the following steps:
- A preliminary analysis in with a phone call within minutes of filling in the form
- We will assess and verify the real estate guarantee provided
- There will be an answer as to whether the operation is viable in a period of 24 hours.
- If the operation is viable, financing is obtained in 10/14 days, depending on the regulations in force in each autonomous community.
In addition, with Dark Keep all the necessary security and legality guarantees are fulfilled, thanks to our team of lawyers, financiers and economists with more than 15 years of experience in the sector, solving all important financial problems in a personalized way and with free advice . To guarantee all operations and transmit transparency and security in the market, we are accredited by the Ministry, registered in the National Consumer Institute and in the State registry of Intermediation companies .
We strive to keep all procedures simple, confidential and transparent. We take care of everything, including the necessary paperwork to carry out an official home appraisal.
More information on private loans?
If more information is required about private loans , you can contact us free of charge at the phone number 972 48 72 22 .
If you prefer to call an expert advisor, just fill in the contact form that appears on this same web page.