A personal loan, or personal credit, is that traditional loan made at large banks or other financial institutions.
In this type of loan, you apply to the bank, go through a credit approval process, and then pay an installment with interest directly to the lending institution.
Positive points | Negative points |
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The institution offers monthly fees according to each customer's pocket | It is necessary to be of legal age to apply |
There are up to 60 months to pay off your personal loan installments | You must present some of your personal documents and receipts |
There is also a personal loan with collateral or pledge, which is a way to reduce the interest rate. For this, it requires that you leave an asset as collateral, which can be your property, your car, among others.
For this, it requires that you leave an asset as collateral, which can be your property, your car, among others.
Therefore, a personal loan can be taken out for any purpose. That is, you can use your loan to pay off debts, travel, take a course, invest in a new business.
Some of the benefits of taking out a personal loan are an ideal option for solving emergencies, since the approval process is usually faster.
You have the autonomy to decide how and where you will spend the money, you don't need to define a purpose. Compared to other types of credit, such as credit card withdrawals or overdrafts, it offers better rates.
The criteria for releasing the loan may vary according to each company. In general, it is necessary to provide personal data and some proof of income and residence.
The company evaluates your profile, the amount requested and makes an analysis that will result in the approval or disapproval of the credit.
Benefits | |
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Credit history
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The credit history is not checked at the time of enrollment |
Approval
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It has one of the highest approval rates in the segment |
Client Security
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It has one of the most recognized customer security models in the country |
No hidden fees
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There are no hidden fees for applying for the loan |
In some cases, the request is disapproved and in other cases the company may inform you that a lower amount has been made available.
In addition, the bank will also inform you in how many installments the loan can be paid and the fees that apply to the amount. It is also very important to know the institution where your personal loan will be taken out.
Trust Company offers the best loan conditions, in this article we will show you each one of them.
Extended Term
The institution has one of the longest terms for the repayment of your personal loan, up to 60 months for payment. These and other benefits are especially offered by Trust Company, click the button below and check.
I Want My LoanWithout guarantee
Trust Company also offers the opportunity to not present any type of guarantee for the request of your credit line, making the process more relaxed for you that does not intend to put your property or car at risk.
Better rates
Trust Company guarantees the best interest rates in the market, evaluated and ap-licated according to the pocket and needs of each customer.
All these concessions are offered by the institution, click the button below and guarantee your line of credit with Trust.
I Want My Loan