Do you need the mini loans? At Credit Labinia we have the solution! We adapt to your needs, unforeseen and difficulties. We are a company born to solve your worries and adversities.
Before applying for loans, you need to know the two most common types, secured loans and unsecured loans. Secured loans tend to be of higher amounts. For example, above € 25,000 and for longer periods of time, normally five years or more. Examples of secured loans are mortgages, when money is lent against the value of your property, to develop a new project such as opening a restaurant, a chain of hotels or to invest in a property that we are interested in promoting such as, for example, buy a business already exists as a clothing store, to remodel it, making an investment in the medium-long term. There are also secured loans of lower amounts, which are also linked to your personal assets such as those mentioned above, but on a smaller scale. For example, the purchase of a low-end car.
Loans: Guaranteed and not guaranteed. Which one suits me?
Apparently secured loans need some kind of endorsement, be it a person or mortgage. Therefore, if the payments are not made in a guaranteed loan, there is a risk of losing the assets linked to this transaction. However, the main advantage of secured loans, besides being able to have higher amounts for longer periods of time, is that the interest rate is usually lower and can be fixed or variable. A fact that you should know is that in the long term, fixed interest rates are always better because you know what economic amount to receive each month. On the other hand, variable expenses fluctuate as in the market, at a certain moment they can be very low, usually more than fixed ones, but the market can fluctuate against and the interest rate rise drastically. You have to be very careful with this, as it may be that at some point we can not pay it.
The most common uses of secured loans are the purchase-sale of real estate, the consolidation of debts, the payment of university studies, medical expenses, the purchase-sale of automobiles, home repairs, the purchase of a new business or the development of a new project. All these needs involve a very high economic cost, so it is necessary to request a personal loan as soon as possible.
Unsecured loans tend to be of smaller amounts, for example € 1000 or more and for shorter periods of time. They do not require the linking of your personal assets, but if you do not comply with the payment, it can have serious consequences. It is much easier to get this kind of money fast than the previous one. With this you do not need to have a guarantee, a mortgage or in many cases a payroll. It is the simplest way to get money instantly. You can return it comfortably according to your needs and those of the entity with which you request it.
Short-term loans, such as those of Credit Labinia, are also unsecured loans. This type of personal loans are usually of amounts up to € 3000 and in the short term, that is, to repay in a few months. Normally if you request an economic amount of up to 800 euros the return period is up to 30 days, so you have a whole month to return the money requested. Also, if you can return it early, Credit Labinia gives you advantages for it, even the interest rate may vary taking into account the time you want to return it. Like most unsecured loans, Credit Labinia loans do not require the linking of assets, but the failure to comply with the payment can have negative consequences, such as the inclusion in the lists of defaulters such as Financial Credit Institutions. Before requesting money, always consider the possibility of returning your credit quickly. In this way the relationship with us can remain over time. Being able to request up to 3,000 euros, available in 24 hours.