The year 2016 has been better than previous ones in terms of the creation of new companies, but unfortunately our country is still at the tail of Europe in entrepreneurial initiative, according to a report prepared by the Economic and Social Council (CES). In part, this is explained by the difficulty of obtaining financing to start a new business, although in recent years entities and intermediaries such as bank have emerged that grant loans without payroll to entrepreneurs who have a local property and want to create their own business. own company.
Why it’s a good idea to start with a credit with no income justification
A few years ago, if we wanted to obtain financing to create a business, we could only resort to public subsidies or loans granted by the social works of some banks. However, during this last decade a large number of financial intermediaries have appeared that can grant us a loan without a payroll and without a guarantee provided that we have a property that we can provide as collateral .
Financing the creation of a company with a mortgage -backed loan like that of bank offers different advantages: on the one hand, it is not necessary to justify income , so it does not matter that we do not charge a salary or that we are unemployed, and on the other hand Nor do you have to present a business plan or do dozens of bureaucratic procedures.
In addition, most of the loans without a mortgage guarantee will allow us to obtain very high amounts of money (up to 30% or 40% of the value of our premises) and will allow us to return it over a prolonged period , which will generally be up to 15 years or more. In some cases, they will even give us the option of not paying capital during the first years of life of the loan, which is known as a partial grace period.
How much would a loan from bank cost me?
As we have said, through the financial intermediary bank we can get one of the best mortgage loans in the market. The price of their products may vary according to the profile of the applicant, although in general the interest ranges between 11% and 16% TIN . For example, if they grant us a loan without payroll or endorsement of € 50,000 to be returned to a year with an interest of 12% TIN, the APR will be 12.68% and we will have to reimburse a total of € 53,309.27.
More advantages of loans without payroll
The possibility of obtaining a credit without justifying income is not the only advantage that bank offers us. If we decide to finance our business through this intermediary, we can also benefit from the following conditions:
- An amount of between € 5,000 and € 300,000 , although it will be limited to 30% of the value of the property that we provide as a credit guarantee.
- A repayment term of up to 15 years with the possibility of enjoying a period of initial capital shortage of up to 2 years.
- Without justification of purpose ; You can use the money to cover any business need.
- No study fees or surcharges prior to the formalization of the contract.
- Free advice during the processing of the application.
- It does not matter if we are in ASNEF , RAI or any other delinquency file.
In addition, bank responds to requests in just 24 hours with a fully customized offer. After accepting the conditions, a maximum of one week may pass until we formalize the transaction before a notary.