Lite Lender Company is specialized in opening credits with Financial Credit Institution and with guarantee. If you appear in Financial Credit Institution you should know that you will not be able to go to any bank to request financing, and the only option that you will have available is to request a credit through private lenders.
Credits with Financial Credit Institution and with the guarantee of Lite Lender Company
Lite Lender Company is the fastest solution to obtain financing and exit Financial Credit Institution. We attend to all requests in less than 24 hours and we carry out the feasibility study in less than 72 hours.
Following the entry into force of the new Mortgage Law, we cannot deliver the money until 10 days have passed since the notary has received the documentation. In the case of loans signed in Catalonia, this period must be at least 14 days.
We sign all our loans before a notary without exception and we are extremely flexible in terms of repayment terms.
Access requirements to our credits with Financial Credit Institution and with guarantee
Lite Lender Company is much more expeditious than accepting or rejecting credit applications with Financial Credit Institution and with guarantees. This means that our demands and requirements are much simpler and we can greatly reduce deadlines. Specifically, we only require two requirements in order to accept an application and proceed to the feasibility study.
Guarantee the credit with a property
The applicant must have a property in his name (a simple note from the Land Registry with the name of the owner and the details related to the home is enough for us).
It can be any type of real estate property of any nature (houses, apartments, commercial premises, warehouses, garages, hotels…), provided it is free of charges and after making an appraisal of the property through an independent company.
The market value determined marks the maximum amount that the loan may have: approximately 30% of the value.
Request a minimum of $ 20,000
With this minimum amount we achieve two objectives at the same time: keep the interest rate in a very competitive range with respect to our competition (all our loans have an interest rate that ranges between 9% and 12%) and advance all the expenses generated during the study and opening phases (administrative expenses, fees, notary expenses…) without the applicant having to advance these expenses out of pocket.
Transparency and flexibility
All our loans with Financial Credit Institution and with guarantee are signed before a notary without exception.
It is the applicant who chooses the notary of Spain in which he wants to sign his loan and is a representative of Lite Lender Company who goes to that notary for the signature.
In addition, Lite Lender Company is regulated by the Ministry of Health and Consumption of the Government of Spain and we have more than 8 years of experience in the private loan market.
To finish, we also like to boast of our flexibility in terms of the return conditions of our credits with Financial Credit Institution and with a guarantee.
All applicants who have seen their funding application accepted should know that:
- They can choose the duration of their loan, from 1 to 10 years
- They can choose the type of amortization they want to work with: French amortization is the most common and consists of linear amounts throughout the life of the loan; Although we also accept American amortization that consists of reduced installments of only interest and the capital is returned in the end in a single payment.
- We can grant grace periods and the client’s financial situation allows it.
- The client is who chooses the recurrence and the type of fee: monthly, quarterly or semi-annual payments