Possibly we all would like to have enough money to cover any sudden expenses and make our dreams come true. To have this access to money, we need the trust of a financial institution that lends us money with good conditions to meet our needs.
Requesting a loan is, in fact, a very common solution to face unexpected expenses, emergencies or other specific expenses that exceed our ability to pay at the moment. That is where the personal loan takes center stage.
If you are thinking about applying for a loan, today we will delve into the concept and usefulness of a personal loan.
What is a personal loan?
It is an agreement by which a financial entity (in this case Coopealianza) advances (as a loan) an amount of money to another, with the obligation to return that money plus the previously agreed interest and possible expenses incurred. said operation.
Personal loans are also known as consumer loans, because they are usually used to acquire urgent and personal products or services such as a computer, appliances, studies, medical treatment, cover travel expenses, among others.
Advantages of personal loans:
- Quick procedures. Personal loans in Coopealianza are easy to obtain and without many procedures or requirements.
- You can pay in installments. Although they give us the money in a single tranche so that we can use it, the financial institution allows us to pay in installments.
- Possibility without guarantor. Before approving the loan, the entity studies our ability to pay, requesting proof of income (employer order, salary certificate, rental income or other types of documents...), an inventory of assets or a sworn statement of our assets, or other document that certifies that we can assume responsibility for that debt; but the credit is assumed on a personal basis, so it does not require a guarantor.
- Allows you to deal with an emergency. There is nothing worse than facing an unexpected and difficult situation without the money to attend to it. A personal loan is a fair and necessary “batch saver” that gives us peace of mind in times of distress.
- They help establish a good credit history. If a person commits to a personal loan and complies with the agreement, that will give him a good reputation in the financial system, turning him into a good credit subject, in case you require credits for larger amounts later.
Finally, it is worth saying that Coopealianza personal loans also allow you to unify debts to go from many different installments and dates before different banks, to a single loan with better conditions.
Request your credit here for what you need and we contact you with immediate attention.