Auto / motorcycle loan – details, subscription and online reviews!

We have already had the opportunity to tell you about this young credit company whose approach to finance is atypical . And if it grows, it could well become a stone in the shoe of the established banking system. You have no doubt understood that we are going to talk about Spin Lender Credit.

We are already, bent over their repurchase of credit, financed by individuals. Since the auto credit that she has developed is based on the same system, we are not going to come back to it.

The motorbike auto loan in detail:

The motorbike auto loan in detail:

  1. It is an assigned consumer credit (or dedicated, these two terms mean the same thing). To be more clear, it is a loan, the amount of which can only be used for the purchase of the property designated in the contract. Therefore if you take out a loan for the purchase of a vehicle of 10,000 USD. You will not be able to buy anything else, or even buy a 5000 euro car and pay yourself a vacation with the rest. For a simple reason:: Spin Lender credit will systematically ask you to justify the purchase with the seller’s invoice (dealer, garage or others)
  2. It allows you to acquire a new vehicle as well as a used car.
  3. The car loan can cover the total price of the car, or only part of it in case of personal contribution. This can be made up by the resale of the old vehicle. In any case, no contribution will be required.
  4. Characteristics : The amount granted by Spin Lender will be included in a range of 3,000 to 75,000 USD. Over a maximum period of 7 years. (However, the online simulator does not go beyond 40,000 USD)
  5. Refundable by monthly installments. With the possibility of settling the loan in advance (in principle at no additional cost)

Online subscription:

Online subscription:

To contact Spin Lender, you can read our article dedicated to this subject.

This credit can be taken out online. The process is simple:

  • First, enter the amount required for the purchase and the desired depreciation period.
  • Then click on the icon, ” continue without commitment “.
  • Then simply enter your contact details (email address).
  • A non-contractual response (in principle, without obligation), will be sent to you quickly.

What do we think?

What do we think?

We don’t usually get carried away. But we are rather seduced by the idea of ​​financing consumer credits from other consumers, with no other intermediary than the Spin Lender platform. It is a bit of a snub to the current banking system.

Car loan comparison not only calculates the cheap providers

When buying a car is in the house, many buyers are faced with the question of how the new purchase should be financed. New cars in particular can be very expensive these days and many consumers usually do not have the money they need to do so. A credit is needed that not only enables the purchase, but the payment of which can be easily integrated into the other financial expenses.

However, before you can think about a loan, you first have to think about which way you want to go with the financing. Should the loan be taken out directly from the dealership or from an external bank? What about leasing? Or should it be bought? All of these questions can be answered with the help of a car loan comparison. Because a car loan comparison not only calculates the cheap providers, but also compares them and allows the advantages and disadvantages of the individual options to be compared exactly.

Find the right car loan with a comparison

Find the right car loan with a comparison

There are many differences in the area of ​​loans. Each bank can set up its own rules, interest rates and requirements here. If you do not compare here, you can end up paying dearly for this. Because even a small difference in interest rates can ultimately mean a lot of money, which you either pay too much or less. A car loan comparison is usually done on the Internet. If you want to personally go to each bank for a corresponding offer, it takes a lot of time. And you usually don’t have that, because the purchase can rarely be put off.

Car loan comparison is possible at any time

Car loan comparison is possible at any time

With the help of a comparison calculator, a car loan comparison is possible at any time without much effort. All you have to do is enter some key data regarding the purchase. So it is good if you already know the cost of the purchase. In this way, the comparison can be made with the correct loan amount and a correspondingly meaningful result is obtained.

In addition, you should consider how long the term may be and what financial monthly burden is possible. All of these aspects can be entered into the comparison calculator. Based on this, he will then work out corresponding offers and make them available for viewing. As a consumer, you can choose in peace and contact the relevant bank if you are interested. Here either the offer can be discussed again or the loan application can be made. Depending on how satisfied you are with the offer.

How to buy back a loan?

 

The loan repayment is sometimes difficult when the monthly payments start to accumulate and as it is unfortunately too often the case to create debts. As a result, some people find it a bit difficult to reimburse them. It is during these moments that they can encourage their loved ones to redeem their credit. The article we have prepared here is based on the steps for doing this.

You should make a request to start

You should make a request to start

To make it easier for you, all you have to do is call a broker or contact a commercial agent at a banking establishment to do things properly. If applicable, you will usually need to provide the following information:

  • your full identity,
  • your direct debit,
  • your real income,
  • your bank account number,
  • your credit as well as your possible debts.

This will facilitate your solvency. Note that some institutions can give you another loan even if you buy back the current one if you provide the right arguments like a well thought-out new project requiring a personal loan to name just one example.

Let your representative take the time to properly analyze your file

Let your representative take the time to properly analyze your file

Remember that getting a loan buyout or a loan consolidation is not a simple operation. This is why the action must be well studied. As a result, you should let the broker or your bank advisor fully examine the possibility of your recourse. Note that the bank to which you intend to make the request will scrupulously check the debt ratio on the credit that you plan to buy back as well as your possibilities of payment. Consider, for example, having a very effective guarantee. Do not think that the fact that the bank can repay your previous loan will exempt you from having to take out new borrower insurance.

The financial package is something not to be overlooked

The financial package is something not to be overlooked

This third step will allow you to specify the total cost of your new loan so that the bank can validate your request without complicating matters. However, please note that using a broker will require you to initial a mandate which will authorize him to enter into contact with other providers who may be linked to you. Also note that all potential costs must be visible in this mandate that you will sign when your request is accepted.

Thus, he can easily find the most profitable bank for you while doing simulations in the meantime, because the establishment can examine all your assets.

Let’s talk about the takeover offer

Let

After examining your file, the bank will contact you to make some redemption offers which you will in turn study. You can then calmly choose the one that suits you with your advisor. Sure, you could quickly be won over by an offer, but that won’t give you permission to rush things. You will have to start by respecting the date which will be communicated to you by the bank.

The last step is to unlock your money

The last step is to unlock your money

This is very simple. After the redemption signature that you will make with the bank, it will immediately reimburse all the old credits with the other loan request that you have made. You will then only have to respect the due dates of your new loan to keep your commitments and thus avoid problems in the future.