Personal loans are a financial instrument that allows us to obtain immediate liquidity when we need it to face any unforeseen event. But what are the best options that we can currently find on the market?
As technology has evolved, and a greater number of banking entities have digitalized a large part of their processes, apply for a personal loan It is much faster and easier than it was years ago. These types of financial instruments help us finance a project, deal with the unexpected or carry out any purchase of a large amount that we need to split into different installments.
Currently, we can find a great number of financial institutions that have this type of products in their catalog. But, faced with so much offer, the complexity lies mainly in finding which are the best offers that currently exist on the market. Therefore, we tell you some of the main ones.
Different conditions
Before analyzing the different options that we can find, it is important to understand what the options depend on. conditions of a personal loan. Mainly, we find three elements that intervene when calculating the price of the loan in question: the amount requested, the repayment period and our credit profile. This last concept refers to our history, economic capacity or other loans that we may already have active.
Once the three attributes are taken into account, the final conditions are calculated. For this reason, in most entities the conditions they publish always refer to a profile that meets a good credit profile. Otherwise, they could be modified considerably.
Best loans
Once we have explained the operation of loans, We are going to select some of the best options that we currently find on the market:
- Openbank: This entity offers us up to 24,000 euros in loans to be repaid in a maximum of 60 months. In this case, we find an APR from 5.06%. We can make a simulation of the loan from this link.
- ING: With ING we can also request from 3,000 to 60,000 euros. The entire procedure is carried out online from this page. The APR is from 5.63% and, as an aspect worth highlighting, it does not charge a commission for opening, partial amortization or early cancellation.
- Santander: Banco Santander also has interesting options in this regard. In this case, the amount we can request is greater than the previous ones: up to 100,000 euros. Offering us a repayment period of a maximum of 84 months and an APR that starts at 5.90%. In this link all the information is there.
- BBVA: BBVA has personal loans in its portfolio ranging from 3,000 to 75,000, with no opening fee. We can return it in a maximum of 32 months and the APR starts at 6.39% if we have the payroll domiciled with them. This is your simulator.
- Kutxa Labor: Finally, we also have the Laboral Kutxa loan at our disposal. On your website you have different types of loans depending on the use we are going to make of it: personal projects, installation of solar panels, a study program, etc. In the case of the online loan, the maximum amount is not specified, but the minimum is 1000 euros, while the maximum term is 5 years. The APR is 9.04%
