How to obtain private loans in Spain.

Spin Lender leads private loans in Spain for having a wide portfolio of private lenders that adapts to the needs of all applicants.

History of private loans in Spain

History of private loans in Spain

The 2008 credit crisis changed the credit, banking and financial landscape in Spain and around the world. We went from a total credit opening, with the banking sector ready to grant loans to almost any person or company, to see the tap of financing closed almost automatically. Also for investors the blow was hard, as they saw the performance of bank products fall due to an unstoppable drop in interest rates. In this scenario of lack of financing for families and businesses and lack of performance of financial products for savers and investors, private loans appeared in Spain.

Private loans in Spain with private investors

Investors who did not get a return on their savings from bank products became lenders to families and businesses that were rejected by banks. This is how both parties came out winning and this is how private loans appeared in Spain. Spin Lender is in charge of connecting both parties, studying the applications for private loans in Spain that come to us online completely telematically and in less than 72 hours.

Conditions of our private loans

Conditions of our private loans

Spin Lender manages and studies financing applications only if the applicant meets the following two requirements:

  1. Have a real estate property in your name. It can be any type of property: warehouse, apartment, house, apartment, premises.  We need to protect the interests of the provider and that property will be the guarantee. We will assess it independently to know the maximum amount that we can grant you (normally 30% of the total).
  2. Order more than $ 20,000. For amounts less than this figure, all the study and opening of private loan lines in Spain are not profitable for Spin Lender

Characteristics of our private loans in Spain

We work within the entire Spanish territory, regardless of the geographical area where the applicant is.

We are not a fast-use credit company, which delivers the money to the checking account without asking questions and then demands abusive interest, but in addition to requesting certain guarantees from the claimant, we also do everything possible to facilitate the repayment of the loan.

Our work method and structure of decentralized consultants allows us to work as follows:

  • The applicant, if his loan application is approved, can sign it before the notary of the autonomous community and city that he chooses.
  • We advise the applicant on the best way and the most comfortable terms of return based on their ability to pay, although he always has the last word. You can choose installment, payments and type of amortization.
  • We are regulated by the Ministry of Consumer Affairs under the regulations that regulate loans between individuals. No cheating or cardboard.

24h / 7 loan – is a 24-hour loan a good solution?

A 24h / 7 loan is a good solution when we need a quick inflow of funds. Companies that specialize in granting loans are financial institutions that operate similarly to bank branches. The most common of the questions about loans are:

Although many questions about the terms of the loan agreement could be exchanged, the most important thing before submitting an application is to set a date within which the application will be considered and the money transferred to the applicant’s account

How quickly is your application processed?

How quickly is your application processed?

A 24-hour loan is an offer addressed to people who have free time at non-standard hours and on non-working days. The loan application system works online 24 hours a day, seven days a week. A 24h / 7 loan is a payday loan that is easy to get because the application verification procedure is very simplified and short-lived.

The application may be processed even within fifteen minutes. The payday loan, which we can receive at any time every day, is an offer tempting with high maximum amounts that we can borrow. Depending on the speed of transfers between institutions, we will receive money quickly.

Who is the loan for 24 hours?

To have a chance for a quick loan, with formalities done online, you must avoid debt and annotations in the database of indebted persons. You must have Polish citizenship and appropriate age (you must be of legal age).

You must also have a bank account, created in your own name and Polish telephone number. A quick online loan, which can be obtained regardless of the time of submission of the application, is possible for people who undergo verification and demonstrate their repayment capability.

24-hour loan – how to pay back without any problems?

24-hour loan - how to pay back without any problems?

The loan that we take out at a financial institution that does not have the status of a bank is usually a payday loan which must be repaid once, on the required short notice. The loan repayment is not split into installments, and the time required for repayment does not include delays.

Failure to pay the loan within the deadline may mean a recovery procedure initiated in this case. If the temporary loan was taken because of late payment by the employer, after receiving your salary, you should pay immediately so that you do not fall into the debt trap.

If the financial situation is difficult, before the repayment deadline expires, the lender should be asked to extend the repayment deadline. It is important not to exceed the required deadline. An extension may involve additional fees, but the debt collection procedure and associated interest are certainly more expensive.