Do you need a loan and pay less interest? Currently, thanks to financial technology companies, better known as Fintech, it is possible to apply for loans easily and quickly. One of the advantages of these companies is that they are 100% digital and have the ability to offer more accessible products, with low interest rates.

Credits are one of these companies that offer guaranteed loans through the Internet. It was founded in 2012 and is currently the largest lending Fintech in Latin America. One of its products is the auto loan.

What is the car guarantee loan?

The car guarantee loan is a type of credit in which you use your car as collateral. This guarantee reduces risks for both parties; therefore, you can obtain a higher credit, lower interest rate and healthier payments for longer terms.

What can the loan money are used for?

You can use the 대출 on anything; to invest in a business, study and train, buy gifts, travel (either with all health measures or after COVID-19) and medical expenses, among others.

What are the advantages of requesting this type of loan?

One of the main advantages is that you do not have to stop using your car; it stays with you even if it is under warranty. Therefore, your car does not become just an expense, but an investment tool.

Another great advantage is that it has personalized interest rates (between 20% and 30%). On the contrary, a personal loan has rates of up to 70% and a credit card, up to 150%; this if we are conservative.

In addition, with this guarantee you get a pre-approval with an instant rate and approval in 24 hours, up to 60 months of term and you do not need a guarantee.

What kind of cars is accepted?

Used cars are accepted in Mexico City and the metropolitan area. It should only be in good condition and less than 10 years old from the date of manufacture.

What requirements are needed to apply for the loan?

You just have to live in Mexico City or in the State of Mexico and have the following documents:

  • Official identification (INE, IFE or passport)
  • Proof of income (payroll stubs or bank statements from the last 3 months)
  • Proof of address (valid for 3 months)
  • Car invoice in your name.
  • Copy of the car insurance policy.

What are the steps to follow to request the loan?

You can contact Credits through this medium and you will have a consultant who will guide you throughout the process so that you do not worry about anything.

These are the main steps.

  • Fill out the forms on their website.
  • Make a call so they can get to know you better and give you a personalized offer.
  • Wait for your prequalification.
  • Send your documents and photos of your car.
  • Receive a visit to sign the contract, check your car and install a GPS. And voila, you get your loan.

In conclusion, Credits offers an excellent loan product with personalized interest rates, so do not hesitate; apply for your loan here.


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By Adam

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