Capital Loan - Private Equity Loans for companies and individuals
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Capital Loan : Capital Loan makes it easy for you (APR 15%)
|What type of financing does the Capital Loan offer?||Debt Reunification , Credit Checker Loans, Non-payroll Loans|
|What is the maximum credit granted by the Capital Loan?||€ 1,000,000|
|And the minimum?||€ 15,000|
|How much can I have in the first loan?||40% property value|
|Is the first loan free and interest-free?||NO|
|Do you have other offers?||NO|
|What is the maximum term that the Capital Loan allows to return the money?||15 years|
|And the minimum return period?||1 year|
|How long does it take to give me an answer?||24 hours|
|In what time will I be able to have the money?||3 days|
|Do I need to have a payroll to access the Capital Loan mini-credits?||NO|
|Will a Capital Loan request a guarantee from me?||living place|
|Will my application be denied if I am on Credit Checker?||NO|
|What is the maximum debt that Capital Loan allows in Credit Checker?||Less than 40% property value|
|Can I request a loan from Loan Capital if I am a company?||YES|
|What if I am self-employed?||YES|
|Will you accept my application if I am unemployed?||YES|
|What if I am a pensioner?||YES|
|Is there a maximum age to request a loan with a Capital Loan?||65 years|
|And a minimum age?||18 years|
|Are there any other requirements?||Reside in the United States, have a property free of charges or with few charges|
|Can I use Instantor to validate my data?||NO|
|Can I cancel my credit early?||YES|
|Does the cancellation imply any expense or savings in the total cost of the loan?||With cost|
|Is there a possibility of an extension?||NO|
|What are the costs and expenses of extending the credit?|
|Do you have a simulator on your website?||NO|
|Does your simulator include the loan costs?||NO|
|And the extra costs like the extensions?||NO|
|What means does the Capital Loan offer to receive my money?||Transfer|
|Can I receive the money with Hal-Cash?||NO|
|And what are the accepted ways to return it?||Transfer|
|Which banks do you work with to streamline procedures?||Depends entity|
|Payment method according to loan company|
Capital Loan: Analysis and opinionHighlights: Private equity loans
Loan Capital is a company that is dedicated to offering financial intermediation services for those who need loans that involve large sums of money .
Small-scale financing opportunities for individuals are plentiful, and there is a wide range of options to choose from for anyone needing a few hundred US dollars at any given time.
But if what you need are large quantities or you are a company, the options are no longer so numerous.
How it works Capital Loan
The function of the Capital Loan is to filter which applicants have the capacity to obtain a loan with a real estate guarantee and subsequently, seek said loan among private investors or financial entities that are willing to carry out said operation .
For this, they first manage the requests through their website, and with those profiles that have the possibility of success, they carry out the management. These can be, indistinctly, individuals or companies .
Once the potential investors have been contacted, the client is presented with the different loan options that have resulted from their contacts, all the necessary information is provided and the documentation is collected to carry it out.
In exchange for this task, the Capital Loan charges a commission that can be fixed or variable, but that is always applied, regardless of whether or not the operation ends successfully.
Therefore, the first thing to be clear is that Capital Loan does not make any type of loan , it is only an element that facilitates the relationship between both parties, carrying out a job that frees up time to the interested party in obtaining financing.
How much money can you get in a Capital Loan
Loan Capital offers loans ranging from 15,000 US dollars to 1,000,000 US dollars .
As is logical, the amount that can be accessed will depend on the value of the property that is put as collateral, so that depending on the appraisal of the property and the part of the mortgage that has been paid, an amount can be accessed or other.
It should also be mentioned that there are certain limitations when considering a property as a valid guarantee.
For example, Loan Capital does not accept properties that are located in towns with less than 15,000 inhabitants, whatever their value, so that, effectively, the service is not available to those who have properties in small towns.
The other limitation is relative to the loads it may have. Capital Loan does not manage loans in which the sum of the amount requested and the pending mortgage exceed 40% of the value of the property , so this will also be a condition when requesting an amount.
How to apply
The request can be made by phone or carried out through the website , in which case it is necessary to carry out a short test that serves as the first filter to discard certain candidates or requests.
Thus, when answering the questions, the test warns that if you have a property in a town with less than 15,000 inhabitants or that if you intend to request an amount greater than 40% of the pending mortgage , the application will not be approved .
The rest of the questions only allow drawing a profile of the applicant, and the questionnaire ends with the request of personal data to be able to contact.
In the event that after providing such information, Capital Loan considers that there are options for a loan of the required amount to be approved by a private investor, a response will be given within 24 hours so that the process can begin.
The applicant will need to provide their ID and the deed of their property to formalize the guarantee , in addition to agreeing to pay the capital loan fees regardless of the final result of the management.
This management consists of submitting the application under the desired conditions to financial institutions and different groups of private investors who evaluate it through a credit committee. This evaluation may result in a negative or a credit proposal with specific conditions.
All these answers are those that are transferred to the client, and in the event that he chooses any of them, the process is completed by collecting the rest of the documentation that is necessary, appraising the property, and signing the contract before a notary public.
After all this, the applicant will receive the money in his account and will return it in the monthly payments that have been determined in the agreement .
Cost of service
The fees to be paid to Loan Capital are fixed and obligatory provided that the client is presented with one or more binding offers.
This implies that if the applicant does not believe that any of the offers is interesting, they will have to pay equally for the intermediation, and the same applies in the event that they accept an offer but finally decide not to make it. In cases like these, you will not be charged 100% of the cost of the fees, but only 80%.
The fees also depend on the type of loan that is requested . For consumer loans, the commission applied by Capital Loan is 5% of the capital granted , with a minimum of 600 US dollars, while for obtaining mortgage loans it will depend on with whom the management has been finalized . In the case of closing the operation with a bank, a commission between 3% and 6% of the capital will be applied, with a minimum of 2,500 US dollars, while in the case of private investors the minimum will be the same, but the Commission will range between 3% and 20%.
When it comes to loans for companies, a commission is applied that ranges between 0.5% and 5% of the capital granted , with the minimum commission being 5,000 US dollars.
To these fees must be added the rest of the expenses that may be generated as a result of the operation. Appraisals, opening commissions, taxes, notary and other items are also at the user's expense .
If you are interested in contacting Loan Capital, you can do so by phone, or if you prefer by directing your query to your e-mail address that we provide below:
Telephone : 932202263/611677119
Email : firstname.lastname@example.org
This is the address where their offices are located:
Address : Muntaner 354 4ª Barcelona 08021, United States
Financial intermediation services are useful, mainly because they allow certain procedures to be carried out almost "automatically". Those who use them do not have to worry about more than providing the information that is required of them and continuing with their lives while others are dedicated to carrying out those tasks that would have taken time from our work.
The problem with a Capital Loan may come from part of the cost of your fees. Although the time of some people is more valuable than that of others, it is difficult to think that for an average user it is more worth paying a commission of a certain amount than taking a few days to visit banks and manage a loan on their own.
However, when the banking option is not viable for any reason, having the possibility of accessing private investors is a possibility that offers added value and for which it may be convenient to pay a commission, however high it may be.
In any case, it will be each user who, knowing their personal circumstances, has to assess the usefulness of the Capital Loan service by weighing the money they can obtain, their possibilities of obtaining it in other ways, and the cost of the fees.