Loans between people and direct contact

If you wonder if it is possible to receive a credit without the intervention of a banking institution, the answer itself. Here we present a way to request financing without banks, we talk about loans between people.

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What is Bank Loan?

It is an online collaborative financial platform based on interpersonal loans, also called P2P (peer to peer loans). That is, Mexican citizens lend each other securely with the transparent administration.

They act in the following way:

  1. They authenticate the profile of the applicants and of the investors.

  2. They hold an auction where investors apply for the most interesting projects.

  3. They manage the collection of the monthly payments to distribute the amount to the different investors.

Requirements

The entity provides amounts to salaried persons with Mexican residency and independent workers with their financing model based on interpersonal loans.

If you work for someone else , to request a credit with bank you need to fulfill the following requirements

  • Be over 18 years old and not exceed 70 years

  • Have a permanent Mexican residence

  • Have a positive credit history during the last two years

  • To be able to demonstrate a minimum working age of 9 months

  • Be the holder of a current account, an email and a cell phone

On the other hand, self-employed , independent workers have to meet the following requirements:

  • Be over 18 years old and not exceed 70 years

  • Have a permanent Mexican residence

  • Have a positive credit history during the last two years

  • Receive monthly minimum income of $ 7,000

  • Be the holder of a current account, an email and a cell phone

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Advantage

The main advantage of banking online loans among people is that applicants can obtain lower rates by not performing the transaction through a bank and investors are less risky to invest small amounts of money in different projects.

A beginning investor has to invest in a project a minimum of $ 50 and a maximum of 5% of the credit can be invested.

Direct contact

To request a loan between people with bank, the first thing you have to do is request the loan with this link . Then you have to fill in the following data to calculate

  • Type of credit: private or commercial)

  • Amount you want to request: offers from $ 5,000 to $ 150,000

  • Return term you want to assume: includes terms from 12 to 48 months

  • Credit profile you have:

AA – Outstanding

A – Excellent

B – Superior

C – Very good

D – Good

E – Adequate

F – Fair

  • The purpose of the credit:

LOANS BETWEEN PERSONS

Once they have received the application, it will be approved or rejected. In case it is approved, the request will be auctioned during the next 14 days so that the people who are interested invest in your need, for that reason they are individuals who make loans to other people.

When 100% of the credit has been obtained through contributions from individuals, Bank will close the auction and enter the amount in your bank account.