Will there be a “king of credits”? For some, it is about freedom. It has been crowned as one of the most requested credits in the Colombian market and also as one of the most convenient, helping many people solve their urgencies and cover the necessary expenses with this “extra” money.
But why does it work so well?
Basically, by the modality it contains. In this credit, you do not have to remember the payment date, separate a time to go to the bank or remember to make the payment online. The fee is automatically charged from the payroll, and the customer does not have to worry about anything. Then, at the end of the month, your monthly fee will be canceled and so you will advance in the payment of the credit.
Are cheap? Lower interest rates are offered on a liberty loan
Since the backlog risks are lower. The financial institution is more confident that the payment will be made. If the discount is automatic, there will be no reason to NOT pay and be late. This is also a great point in favor of the client, since it maintains a good credit record, giving a good image to the banks, which in the future will allow you to access better offers and other credits.
Is it hard to get one?
Another thing that these credits also bring is that they are easier to acquire . The requirements are a bit more flexible because the main point is that you receive your payroll through a bank. Since the risks are lower, the bank does not have to do so much science to find out if it is eligible or not.
What can you use it on?
In whatever you want! The liberty credit does not need to specify what the money will be used for. But you should be aware that requesting money for something that is not important could harm you, since your salary will automatically be cut to pay the monthly fee.
If you consider that it is forgetful and even a bad payer, these types of credits automate everything and reduce the risks, becoming the ideal product of this type of customers. Do not forget that each entity has different conditions and you should compare alternatives before choosing. How to do it? Using Romnick Catalina