Mortgage loans with RAI and Financial Credit Institution
Private Loan has more than 7 years of experience in mortgage loans with Rai and Financial Credit Institution through private lenders. Private capital has become one of the most common options for all those clients, companies and entities that cannot resort to traditional bank financing.
Rai and Financial Credit Institution: problems to access financing
Rai and Financial Credit Institution are two of the most famous and well-known delinquent files in Spain. Any bank or credit institution (including also companies in the services sector such as telecommunications and insurance) consult the Rai and Financial Credit Institution databases to verify that a new client is not registered as delinquent in any of them.
They can also add such clients as defaulters in the event of a default. If we appear in Financial Credit Institution or Rai, whatever the reason and the amount, with great probability we will not be able to access a loan.
Mortgage loans with Rai and Financial Credit Institution
Private Loan does not take into account the Rai and Financial Credit Institution database when processing loan applications.
All the mortgage loans with Rai and Financial Credit Institution that we raise are based on a mortgage guarantee, without taking into account the databases of defaulters.
Private Loan has a wide portfolio of private lenders who will be willing to open mortgage loans with Rai and Financial Credit Institution in order to pay off our debts and put our personal or our company economy in order.
Conditions of our mortgage loans with Rai and Financial Credit Institution
Private Loan cannot grant quick loans in less than 10 days. This is so because we are legally regulated by the Ministry of Health and Consumption of the Government of Spain, which means that the entry into force of the new Mortgage Law last year 2019, forces that no loan can be delivered until they have 10 days have passed since the notary has the documentation. In the event that we are in Catalonia, the term must be 14 days.
However, all the procedures related to the opening and study of mortgage loans with Rai and Financial Credit Institution are carried out on average in less than 5 business days.
In order to study an application, it must meet two mandatory requirements.
Requirements to access our mortgage loans
For us it does not matter, as we have said, the applicant appears registered in a database of defaulters. You just need to meet the following two requirements.
Have a real estate property
Mortgage loans are guaranteed as their own name indicates by real estate. The applicant must send us a simple note from the Land Registry showing all the details related to the property that is intended to be used as a guarantee to access our mortgage loans with Rai and Financial Credit Institution.
We accept any type of real estate, independently appraising, and even properties that are subject to debt.
Request a minimum of $ 20,000
This figure allows us that for any of the Rai and Financial Credit Institution mortgage loans that we grant through our network of private lenders, the applicant must advance any type of money.
This minimum amount also allows us to keep interest rates lower than our competition: they will always be between 9% and 12%.
Flexible and Legal Rai and Financial Credit Institution Mortgage Loans
In addition to complying with the regulations related to mortgage loans, at Private Loan we are totally flexible regarding the repayment conditions of our loans.
The applicant can design the repayment of his loan at his whim:
- You can design the repayment of your loan from 1 to 10 years
- You can schedule fees monthly, quarterly, or semi-annually
- You can choose between French amortization (linear rates, most common type of amortization) or American amortization (interest-only installments plus final capital installment)
- We offer you an assistant and financial advisor to answer your questions