Surely you have ever heard of pre- granted personal loans and you may not have paid them interest. It is possible that they have been offered to you at some time and you may have rejected them. But at the time of requesting personal loans you have to keep them in mind as they are fast loans with good conditions that we can request and dispose of the money instantly. In this article we are going to talk about pre-granted loans, a very fashionable financial product at this time.
What are pre-granted loans that differ from personal loans?
The pre-granted loans are amounts of money that banks and savings banks make available to their clients so that they can use them when they need them, without the need for approval by the financial institution since they are pre-granted, that is, that the approval has been made previously. They are a type of banking product more than some financial entities offer their clients and it is interesting to know who offers them before opening a bank account. The difference with personal loans is that pre-approved loans do not have to wait for approval or send documentation at the time of request.
Where to apply for pre-granted personal loans?
The main entities that offer pre-granted loans tend to coincide with those that offer personal loans, although the conditions of both loans differ to a large extent. You can find them here.
How do they work?
The banks that offer this type of personal loans will send you the information of the pre-granted amount that you have available once you have created a bank account. At the moment you need to use that money you only have to request it through its website, in its offices or through the customer service phone number of the entity. Once the request is made you will have the money in your bank account instantly.
What procedures must be carried out?
In order to have pre-granted personal loans, it is necessary to open a bank account in one of the entities that offer them. At the time you need the money you only have to request it by defining the amount to request, as well as set the return period and accept the terms of the loan and you will have the money immediately.
What are your advantages and disadvantages?
The main advantage of this type of financial products is that being pre-granted is a way to obtain very fast financing, having the money available in your bank account instantly once the request is made. Besides the interest rates are not high, being between 8% and 11% and it is possible to make the repayment of the loans before the return period, saving interest.
The disadvantage is that it is only possible to obtain the amount of money you have pre-granted, that is, the financial institution offers you pre-granted loans of up to a maximum of money, depending on the risk they have calculated. It is also necessary to open a bank account in the financial institution to be able to request them.
Lastly, we must not confuse them with quick loans, which are loans of lower amount and higher interest rates, in addition to not being pre-granted, but rather the application must be made and can be approved or rejected.
You can get more information about all types of personal loans by looking at the articles that we publish regularly on this website, as well as obtain information from the best financial institutions where you can obtain all types of loans.