If you are a taxi driver and you need financing in addition to the other credits, you may be interested in our taxi loans .
In Creditosrapidoseuros we want to let you know how these taxi credits work, being mostly private equity loans.
It is the companies dedicated to offering private loans that can sign this type of financing and a few that offer them.
Taxi loans and conditions of this financing
The good thing about taxi license loans is that being secured loans are pretty easy to get.
As long as the guarantee or guarantee provided serves the financial institution, the operation can continue.
Of course, it will always be necessary for clients to have a sufficient financial situation to be able to repay the loan.
Because if it is not like that, processing a loan at the end becomes a problem more than anything else.
And this works for any of the quick loans offered by financial companies.
Being loans offered by private financiers, the taxi loans are easy loans from the market.
The same happens in private mortgage loans.
Regarding the financing conditions of these loans we have to say that small and medium amounts are usually signed.
More than € 25,000 in guarantee of a taxi license is not usual in the sector.
Therefore taking into account that very high amounts is not an option we can understand that the terms will be similar.
The usual thing is that the taxi loans do not exceed 5 years.
Then each one chooses which type of taxi financing is the one he wants to sign.
Credits on taxi and how to sign the loans
There are usually several options, we can choose the loan in need or without deficiency.
The difference lies not in the cost but in how we have to repay the loan.
In the loans with lack the clients only have to pay interest leaving the principal without returning until the end.
On the other side we have the loans without deficiency where the customers in installments pay both, thus reducing the amount of the credit.
We do not usually recommend one over another, although it is true that loans with deficiency provide greater flexibility.
By paying interest only, customers have room to look for solutions and until then pay a reduced fee.
In any case both options are valid, each one can choose the option that most interests him.
Taxi and cost license loans
As private loans, their cost will be greater than that of bank loans.
Its cost is usually between 12% and 15% annual interest.
They are not cheap loans but you can not say they are very expensive loans either.
It is an intermediate point between the two.
Opinion about taxi loans?
In Creditosrapidoseuros we think that these are easy-to-get loans and that they are mainly useful loans.
For taxi drivers who have no other guarantees to provide this license as a guarantee as it can be the solution to many situations.
Knowing also that there are not many financial and companies that can offer these credits on taxi, it is logical that they are very well considered in the sector.
We of course is an option that we can recommend with closed eyes to know well its usefulness.
Would you process one of these taxi loans with us? If you’re interested, you can do it.