Targeted Loan

What is a Loan Finalized

The loan is finalized financing related to the purchase of an asset, usually of high value. The term "purpose" is indicated in the contract the obligation to declare, the purpose of the loan.

This type of loan is usually taken out directly from the vendor asset (eg car dealership) through agreements with banks or financial institutions. The loan purpose is characterized by the presence of three parts: the customer, the retailer and the banks or credit institutions.

The loan purpose may be of different gender and including:

·          Auto (new)

·          Furniture

·          Ceremonies (weddings, funerals ...)

·          Aesthetics

·          Medical Expenses

·          Subscribing to gyms and sports in general

The dealer to enter into the loan, the customer must request proof of identity, social security number and last payslip or tax return. In some cases, may be placed a mortgage on the property, such as protection in case of non-payment.

The sins of the loan is finalized that normally can not be concluded for a long period and therefore the rates are high.