How to get a personal loan

A personal loan is a financial product that allows you to obtain a money amount from a financial institution or credit institution in exchange for returning it after a certain period of time together with some interest. The return of the money is usually made periodically through monthly payments. Personal loans can be used for many things: financing a car, a computer, a university career ... they are usually called personal because the entity usually has only as a guarantee of recovery of the borrowed money present and future assets of the debtor and not a special guarantee, as happens in mortgage loans. Although the purpose of the loan is different, the way to get it is the same, the only thing is that in some cases the financial institution can ask for extra requirements, such as proforma invoice in the case of a car loan.

You will need to:
  • Comparator of online loans.
  • DNI, original and photocopy.
  • Photocopy of the last 2/3 payrolls.
  • Last income statement.
  • Employment history
Steps to follow:

one

Find an online loan comparison.

two

Indicate the amount of money desired.

3

Indicate the purpose to which you wish to allocate the loan.

4

Indicate the term to which you want to return it.

5

Look at the products that fit your criteria and compare them to each other.

6

Select the personal loan that most interests you and contact the entity to confirm the conditions.

7

Find out the requirements requested by the entity, for this you have to contact her. Usually the requested requirements are: income statement 2010, original DNI and photocopy, photocopy of the last 2/3 payrolls, simple notes of real estate (if any) and in some cases employment history.

8

Make the loan application.

9

Delivery the requirements requested by the entity. With the request and the requirements, the entity will conduct a study of the operation to see if it is viable or not. If your application is approved, the entity must give you a binding offer (written offer explaining all the financial conditions of the loan ).

10

Sign the contract (in case the transaction is approved).

Tips
  • Have several entities in mind, so that in the event that an entity rejects your application, you have another entity to turn to.
  • You can not be registered in a file of defaulters: RAI, Asnef, etc. Financial entities do not grant financing to people who have unpaid debts.