In practice, credit intermediation entities deal with the entire credit granting process, but it is the financial institution that grants the credit and not the intermediary.
That said, you might be wondering if it would be advantageous to turn to a credit intermediary when you can place your claim directly with the bank. At first glance, you may think it would be quicker and simpler to go straight to the bank, but having an intermediary can save you time, money and worry. A credit intermediary brings you the following advantages:
Lower interest rates
One of the great advantages of acquiring credit through an intermediary is that you can usually enjoy lower interest rates than those offered by banks.
More agile and faster process
The intermediaries you choose will make the process much simpler, and the entire operation will be done faster and more uncomplicated. This way, you don’t waste unnecessary time on the bureaucracies of the process and see the money available to you quickly.
When you choose to apply for a credit to an intermediary, you will be personally monitored and offered a consulting service with experienced financial professionals. This will enable you to get the most favorable financing agreement that fits your financial situation. This is because financial advisors with years of experience in the field are better prepared than anyone else to find the best solutions on the market.
If you choose the service of an intermediary, you will benefit from ongoing assistance with all aspects of your credit. Financial advisors will assist you in all preparatory acts of your contract, even if the contract in question has not been submitted to you by the advisors. With this assistance, you can make your request more complete and correct, making the whole process faster and more conscious.
Apart from all the mentioned facilities, with an intermediary you are also assured that there is full transparency in all steps of the process. New measures that come into force on 1 January 2018 require greater transparency in credit intermediation activity in Portugal, including free provision of Standardized Credit Information Sheet and pre-contractual information. These changes have given consumers an even greater advantage of these products.
If you are looking for reliable consulting services that offer you a tailor made credit solution, experienced Snapmoney Credit professionals are the right choice. We work daily to provide you with the best conditions in the market and provide you with personalized advice. Talk to us and get a simulation.