Monthly Archives: February 2020


The real estate credit runaways: it already represents 40% of each new loan

The Spanish economy returns to its classics. New real estate credit made available to households, that is, one that does not incorporate the renegotiations of previous loans, is already growing at a rate of 17.4% per year. In total, 36,506 million dollars in 2017.

It is not a specific phenomenon. So far this year, the growth rate has softened, but even so, it increased at a rate of 11.1% in the first quarter of this year compared to the same period of the previous year. This explains that real estate credit already represents 37.4% of the set of loans requested by households in 2017, and amounted to 97.482 million.

Those 36,505 million that were destined to buy real estate are above the 29,121 million that went to purchase consumer goods or the 13,290 million that were financed through credit cards, whose growth is very significant. Paradoxically, the most expensive financing – financial institutions apply significantly higher interest rates for acquiring goods via credit cards – grows at a rate of 20.3%. Therefore, five times more than what nominal GDP increases (with inflation).


Recovery of real estate credit in the heat of low interest rates

real estate credit in the heat of low interest rates

The data of the Astro Bank leave no doubt about the recovery of real estate credit in the heat of low interest rates, which explains why the number of renegotiations is still very active, although mitigated compared to two years ago, when many households changed the conditions of their credits to take advantage of the ultra-expansive monetary policy of the Lenders Bank .

Specifically, Spanish households have renegotiated loans amounting to 17,994 million dollars between 2015 and 2017, which has allowed them to benefit from the extraordinary monetary conditions. The one-year Euribor, in fact, remains at -01890%, which has encouraged an increasing number of households to opt for fixed rate loans instead of variable rate loans.

The average interest rate for new home purchase operations stood at 2.21% in February, representing a slight increase of 16 hundredths compared to the previous month. In any case, real interest rates (relative to inflation) tremendously favorable to boost the sale of real estate.


Brick Bubble

credit loan

The credit map that reflects the statistics of the Astro Bank shows two very different realities. On the one hand, and as has been said, the new real estate credit has exploded, but, on the other hand, the one granted before 2008, which is when the brick bubble was punctured, continues to drop in a very relevant way. In other words, families continue to amortize credit and, therefore, reduce their indebtedness, but at the same time, new operations are growing strongly.

A couple of data clearly reflect this. In 2011, the outstanding balance of credit earmarked for real estate activities reached 298.833 million dollars , but in the fourth quarter of 2017 that amount had dropped to 109.998 million. Therefore, to practically a third. The loan dedicated to construction, likewise, has gone from 98.544 million to 34.626 million, which gives an idea of ​​the process of debt reduction for economic agents.

The importance of real estate over the Spanish economy is decisive. And in fact, the double – dip recession was closely linked to s housing demand, which fell at less than 60% between 2007 and 2013. In particular, the drag effect it has on other components of private consumption.


Mortgage prices demonstrate the fracture of the recovery in Spain

Mortgage loan

James Morado residents have to ask for mortgages of more than $ 185,000 to buy a home, almost three times more than in Extremadura. It generates regional imbalances in employment, GDP, investment …

A recent study by BBVA Research estimates that household spending on durable goods increases by around 35% when the home purchases a home. The effect, argue their economists, is concentrated on furniture and the white line, while the repercussions on the demand for other products are of lesser magnitude, as in the case of the brown line, or not significant, as in the case of automobiles.

The data on real estate credit is logically consistent with that provided by the National Statistics Institute (INE) on constitution of mortgages, which reflect in February (last month with closed data) an increase of 13.8% compared to a year earlier. In total, 27,945 mortgages with an average amount of 119,708 dollars .

The pull of the brick, in fact, is already clearly reflected in the Active Population Survey (EPA) for the first quarter of this year. While employment in the productive sectors as a whole increase at an annual rate of 2.4%, in the case of construction the increase is 6.5%, that is, two and a half times higher, which gives an idea of ​​the dependence of the current growth pattern on the brick.


Get a small-credit on the spot.

The advantages of a small-credit on the spot

The advantages of a small-credit on the spot

Rapid financing has several reasons, but small-credits without questions are a particular case. These are small amounts that you have to satisfy in a quick period of time. What usually happens is that the opportunity cost of not paying is much higher than the interest. A fine can invalidate your access to public financing. On the other hand, if you do not pay the installment of a loan in a timely manner, you can enter the dreaded Financial Credit Institutions.

Therefore, this form of financing responds to a tangible and short-term need. Contrary to what you may think, the interests of a small-credit on the spot are perfectly assumable. Obviously, any credit company seeks to minimize risks, but it is easy to get money now without questions. The only thing you need is to be able to pay the loan, and as a first fact we must remember that Spain has very low delinquency rates. This means that financing is largely a matter of will. Anyone who is self-employed is aware of the risks that they have to face every day if they have a business. Shouldn’t it be the same for instant loan companies ?

A financial economy like Spain needs liquidity to function. Therefore, they do not tell you that financing is difficult. There are hundreds of companies that offer loans with Financial Credit Institutions. The last financial crises favored the opening of the credit market. Today you don’t have to wait weeks for financing. Undoubtedly, the principle that competition favors the consumer has been fulfilled.

How to get a small-credit on the spot?

How to get a small-credit on the spot?

Once you have decided to apply for a small-credit on the spot, it is important to know the system. Good lender is a specialized comparator that allows you, in a few minutes, to access the offers that fit your needs. You can get up to 1000 USD to return in 90 days without payroll or guarantee. You just have to select the offer you prefer and send your request. The answer will take 15 minutes to be notified and, if yes, in 24 hours you will have the money in your bank account. Getting money has never been easier.

The great advantage of this model is the versatility and, in addition, that the accounts are clear. As the comparator shows all the offers, you will know from the first moment the amount to be returned and the terms. In addition, the company works according to the legislation so that you do not have problems. If you have to pay a banquet, an appliance or an administrative penalty, this is the best option. Chase Credit guarantees you instant money without having to answer to anyone. Contact us and we will inform you in more detail of everything that is within your reach.


How to ask for and get a credit without payroll.

Asking for and getting a loan without payroll is possible because, fortunately, the paradigm on these issues has changed. In this article, we will explain how you can request it to receive it in 24 hours.

A credit without payroll is possible

A credit without payroll is possible

A common place of the financial sector is that, to request a quick credit, you need a payroll. If not, it is understood that there are no guarantees of collection. As life has already shown us, this is false and having a permanent job is not a guarantee of being able to pay. First of all, because tomorrow you can be fired. Secondly, because, depending on the amount of the payroll, the operation cannot be approved. A self-employed person may have less stable, but higher incomes. It may also be that you do not work now but that you have equity and properties to guarantee the operation. Therefore, granting a credit without payroll does not have to be a pipe dream. Especially when it comes to mini credits.

A credit without payroll has a very simple application mechanics. You can start by calculating your fee through our comparator. Later, we will show you different offers for you to choose the one that suits you best. Subsequently, you will have to fill in your information, send your form and in a few hours you will have the answer. In practice, you only have to have your ID for the application. Today, it is possible to have the operation closed in a maximum of 24 hours with the money available. You will not have to endure endless waits until you receive the answer. In this way, it will be possible to pay for the unforeseen event or those vacations that you feel like. In addition, the conditions are advantageous because you can return it in 41 monthly installments. Therefore, today it is possible to have liquidity without endless waiting.

Can you give me a credit without payroll?

Can you give me a credit without payroll?

It is based on the fact that, in order to get a quick credit without payroll, you have to be able to pay it. This is the fundamental element and if you have demonstrable income, you will be able to access this possibility. Many entities have shielded themselves from risks, assumptions and imaginary, with two objectives. First of all, not granting credits in certain operations because it was not the time for them. Secondly, to charge with higher interest the operations they approve. Fortunately, increasing competition in the financial sector has also reached the loan sector. Yes you can get credit without payroll.

At Lite lender we offer you different online loans on the spot without payroll so you can choose the best offer. You can get up to 1,000 USD in 24 hours. If you need to buy a fridge, a computer, pay for a banquet, a car or a vacation, this is your best option. The grant process is very easy, as well as how to return it. Accessing small-scale financing has never been easier. We carry out legal intermediation services and offer you the best market shares. We work with the main financial companies in the country so that you have a wide range of possibilities. We encourage you to contact us to expand the information.