Now they are granting personal loans with mortgage guarantee – 11/28/2018

The gap between rising prices and updating salaries is prompting more and more consumers to use the card to make ends meet. But the surge in interest rates in recent months has forced those who have used the minimum payment to find rates above 130% and have difficulty managing their finances.

One of the options available to those in this situation is to take out a longer-term personal loan at a rate lower than the rate charged by banks when paying the card minimum, which is one of the most high of all. products that are on the market. As is always the case, the team created a company.

Agilis, a fintech q (finance plus technology) dedicated to loans, but against collateral, has launched a product designed to "disable the" bomb "of the minimum payment of the card." The proposal is for those who, although they own property, do not have enough money to pay their debt.

The company is currently managed with houses, but promises that you will soon be able to put the car as collateral. "By taking property as collateral, you can access loans in much better terms than those offered by personal loans (bank or non-bank) or credit cards," they explain.

They say that durations go up to 10 years (against 5 years offering the most generous personal loans), rates of 18% for UVA or discounted with inflation (compared to 130% in pesos today). Credit cards), much lower fees, $ 2,500 per $ 100,000 loan (compared to $ 10,000 with a personal bank loan and $ 23,000 with a non-personal loan). higher amounts, up to $ 4 million (compared to the $ 500,000 personal credit limits for preferred clients) and more flexible terms, such as the Veteran score from 300 points, when bank thresholds are generally greater than 650 points.

Agilis was born last year, in response to a very specific problem: the lack of quality credit in Argentina, "the only country in which people buy their shoes in installments, but their house in cash," comments his CEO, Marcos They will play.

The company also finances the purchase of a house, an investment or the financing of a company.

"The Agilis online platform is integrated with leading credit bureaus and digital property appraisal tools, allowing you to pre-approve applications and evaluate properties 100% online, in less than 3 minutes -Approval online is following a call, within 24 hours, to dispel any doubts and inform their customers, "said the company in a statement.

The platform offers both bank and non-bank loans, and From December, he will also begin to offer his own loans.

In just a few months, Agilis has launched more than 100 loans for a total of 10 million US dollars. The company has already raised its first investment round in December 2017 and is closing a new series of investments (Series A) with venture capital funds to expand the team and adapt the proposal. to other cities in the country (it is not in the metropolitan area).