The concession of consumer loans has so far been a financial operation that has been mainly monopolized by banking. This in Spain, since in some other countries this has been changing, although it is not surprising that although this is changing in the country. There are still traces of this in what has to do with the domestic economy.
In fact, even the most normal, is that a person when he is going to request a loan for any purpose resorts to a trust entity. These are usually bank entities due to their great history and longevity in this section. Here the problem arises when the bank has resorted throughout life and the new offers that exist in this section provided by other entities of great confidence are not known.
In recent decades, banks in general have had to face strong competitors, not only in online banking, but against “credit financial” establishment also called EFC. The latter are entities that lend money, with the prior authorization of the Bank of Spain, to their clients, with different benefits that compete against traditional banks, something that many more attractive offers do on many occasions.
Who do I ask for a personal loan?
According to experts, “it is not about demonizing traditional banks, because many have products with very competitive interests. Especially if the person has a good profile. But the search should not be limited, because there are less known financial and online banks that can offer better conditions.” So before choosing who to ask for a personal loan, the reasons why you want to ask for a loan must be analyzed.
When we look for a personal loan we usually want to make specific but quite small expenses. Which we hope to pay in a comfortable way where this expense does not then represent a great discomfort in the future, which is why online entities are usually sought for this. Since these do not usually charge additional expenses for small amounts, or for the expected time for payment.
In addition to this, the key in knowing who to ask for a personal loan is to compare among the different offers we have, we know that this often usually takes away a lot of time, but this is something that in the medium and long term could not only help us save a good amount of money, but that additional benefits that could help us in the payment of the same loan could also give us, or then get better loans with interest.
To conclude the HelpmyCash specialists comment on the following “The ideal is to get several binding offers and see which one fits the needs of the applicant. With them, you can also go to the bank of a lifetime and see if it presents a counterofferte that match or improve those of the online entities. Something very likely if the person has a good and stable economic situation”.