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Last week we speak you of the difference that exists between loan and credit.  This week we have believed opportune, before putting us in matter, to carry out a classification of the different types of loans that exist in the market.

Loans to the consumption:  This type is used to utilizing itself to finance consumer goods of lasting character as for example: a car, a motorcycle, movable or electric.  They are not of a very high amount for which they are used to paying themselves in little time, that is to say, they are short-term.

Personal loans:  This class of loans is utilized generally to finance specific needs in a specific moment and of a small amount.  It is similar to the loan to the consumption although in this case they are used to be sponsored trips or a wedding, that is to say, intangible or perishable goods.  Deal with they have them this type of loans they are used to carrying little time, even that we can have the money in a time limit of 48 hours.  In some occasions the presence of guarantees can be required.

Loans of studies:  These types of loans are a lot more utilized in countries as United States, the United Kingdom and other European states.  In Spain they are being each more utilized time, among others factors, due to that the financial companies improve and they expand their offerings year after year.  It is a matter of loans directed to students to finance you register university students, studies of graduate or stays of study abroad.  The prices are used to a little cheaper than them we lend personnels.

Mortgage loans:  The mortgage loan is characterized because, aside from the personal guarantee, is offered like guarantee of payment a “real guarantee” that consists of the mortgage of a well real estate.  In case of return not the loan the financial company would pass to be the owner of the dwelling.  They are used to being of a high amount, and the payment of the loan is carried out long-term.

We expect that thanks to this classification have but clearly the type of loan that more adapts to your needs.  Returns before long to Blog Loans.  We will go you reporting on the different loans that exist in the market.