Do you know the fees that apply to private loans ?
In this article it is our intention to present some of the usual commissions in the signing of these loans.
As always, our goal is that you know each and every one of the commissions that can be applied in private capital .
Something that can also help you to better understand the operation and cost of these financial companies.
Say first of all that the commissions we see are the same as those seen in any other financial company.
It is nothing new, what is true is that in private capital the cost will be higher.
In other words, bank commissions are usually somewhat lower than those we see in private loans.
Private loans and financial cost at the commission level
What we see with the issue of commissions also happens with the rest of the variables.
For example, if we analyze the interest rate on private equity loans with that of banks, the same thing happens.
Where we are not going to see the same is in the rest of the expenses such as notary, registration and others.
These will be the same regardless of whether they are a bank or a private equity company who signs the loan.
Which is by the way something that will always be given in the mortgage firm regardless of the amounts we talk about.
That is why we, among other things, establish a minimum amount for the signing of mortgage loans.
We do it that way because we know that signing a mortgage of for example € 3000 does not make any sense.
Only with the expenses of the operation it would be more expensive for the client to carry the signature.
The minimum amount that you can process in MaoriArt in the mortgage loan firm is about € 6000.
That said, what commissions do we see in private mortgage signing?
- Opening commission: It is the commission that the finance company applies for opening the client's file.
All entities apply them to a greater or lesser extent, also in personal loans it is common.
- Study and management commission: It is the commission applied by the finance company for the analysis of the operation.
Here the company commissions for what is the intermediation of credit and not so much for other things.
- Intermediation commission: We do not always see it but sometimes it is applied when the operation comes from an external collaborator to the financial company in question.
Something that, as we have said, can also occur in the processing of bank mortgages.
There is really nothing new in private loan signing as we can see.
The main difference between commissions on private and bank loans is the difference in cost.
Being by the way something that has been less and less in the sector.
Signing up for a private equity loan is not that expensive anymore compared to years ago.
In fact, for the advantages provided by private capital, it is logical that the demand for these credits has been increasing.
So these would be the commissions that we would see in the signing of private loans, with endorsement and without endorsement.