Spin Lender has more than 6 years of experience in loans regardless of Credit Financial Institutions. We have an extensive database of private lenders for which we carry out all phases of study and opening of loans regardless of Credit Financial Institutions for individuals and companies.
Loans regardless of Credit Financial Institutions
Appearing in Credit Financial Institutions is one of the most direct impediments when it comes to accessing a loan: if the bank detects that we are registered as delinquent in Credit Financial Institutions it will not take into account any of the other risk or delinquency ratios and will directly close the door on us.
Spin Lender does deliver loans regardless of Credit Financial Institutions, since we only take into account two conditions when opening a financing line.
Conditions of access to our loans regardless of Credit Financial Institutions
Given that our structure is much smaller than that of a bank, we can finance profiles that a bank would consider too risky. Our conditions of access to loans regardless of Credit Financial Institutions of Spin Lender are summarized in two.
Have a real estate property
All of our loans regardless of Credit Financial Institutions are home equity loans, which means that you need real estate in the name of the loan applicant that guarantees the amount that the lender makes available to us.
We ask that the applicant send us a simple note from the Property Registry where all the information regarding the property that is intended to be used as a guarantee appears.
It can be any type of property, of any nature, as long as it has a minimum market value and is debt-free.
Request a minimum of $ 20,000
This amount allows us to keep the interest rate in a very competitive range compared to our competition.
All our loans regardless of Credit Financial Institutions have an interest rate that ranges between 9% and 12%. The exact interest rate depends on the duration of the loan and several other factors.
Demanding a minimum amount on our loans is also useful to be able to meet all the payments and costs that are generated during the study and opening phases without the client having to advance any type of money : those expenses are prorated along with the amount total loan.
Spin Lender has a much smaller operating structure than any bank, which allows us to be much more flexible in terms of repayment terms of our loans. What’s more, it is the client who chooses how to repay his loan : the duration, the type of repayment, the recurrence of payments, having a grace period. Design the return of your loan to suit you.
Insurance and legal
All our loans regardless of Credit Financial Institutions are signed before the notary of the city of Spain that the applicant chooses. It will be one of the representatives of Spin Lender who will travel to that city for the signature.