As for the disadvantages of the personal and easy loan service, we can find the existence – in some of the entities – of higher interest rates than the traditional ones due to the variant of options and because, logically, companies also want to obtain for these services a profitability and not only this is the reason but they provide these services without any severe and exclusive requirement.
Repayment of personal and easy loans
For the repayment period of the company’s personal and easy loans, there are plans that are tailored to each client and that each beneficiary can choose according to their situation: this period can be between one year and fifteen. You will then have to compare the interest rates because these will logically vary according to the number of years that you choose to be able to pay off the debt and the longer the payment period, the higher the rate applied.
But, what is necessary to know to access this personal and easy credit service? The first and main thing will be to keep in mind that by considering this option you will be able to become a solvent to solve the financial problems that afflict you in a short time and that the maximum you can get from this service will depend on the guarantee that you present: it will be 20 percent of the total value of that real property.
“In order to access personal and easy loans, you cannot lack a property either from your assets or from a third party –family, friend, etc.- to use as collateral in case you cannot return the money that will be granted. This is a common condition for all loan systems, whether in the private or public sphere. ”
Advantages of personal and easy loans
As another advantage of the personal and easy loan service, it is worth mentioning that the person will be able to pay off the debt at any time without paying an amortization as a fine. At most, they will set the client 0.25 percent of the total to compensate and cover the interest that they will not collect as the installments of the payment period are advanced.
The operation by which personal and easy credits are managed is done through a legal contract that sets the conditions for both the granting and the payment period. This legal document is signed in a notary but also in the cities of origin of each client because the company extends to all of Spain.