Yoabank project loan

30 Oct

The loan project Yoabank is a very interesting resource to be able to carry out those important projects of life that you should not miss and for which you need an amount between 6,000 and 60,000 euros.

The Yoabank Project loan is a personal loan that adapts to your needs, and that has the convenience of 100% online management.

You are interested if

You have a project that requires a more or less important investment and a comfortable return with broad deadlines. Projects such as a wedding or the studies of children in the university are some of the ones contemplated by this solution.

 

Key points

Short description The Yoabank project loan is a quick loan granted in 48 hours and with which you can finance your personal projects for an amount of up to 60,000 euros, with a broad term that can reach 96 months.
Limits and deadlines This loan allows you to request a minimum of 6,000 euros and a maximum of 60,000. In case you ask for an amount lower than 10,000 euros, the deadline to return it is up to 60 months, but if it exceeds 10,000 euros you will have up to 96 months to get it back.
Acceptance times Although the amounts are higher than those usually managed in personal loans, the study of the operation will not take more than 48 hours and you can have the money in your account at that time if you work with Banco Santander, Caixabank or BBVA , being the term if you work with other banks of about 48 hours.
TAE The minimum APR will be 8.25% for a loan, for example, from 12,000 euros to 96 months and the maximum of 10.36% for a loan of 6,000 euros at 48 months.
How to hire it You can hire this product, comfortably and without leaving your home, through the Internet. You can also do it in person at the associated stores and establishments and by telephone at the customer service.
Main requirements To be able to apply for this loan, you must be of legal age, have a demonstrable regular income, reside in the Spanish territory, have a bank account, a mobile phone and email and have no other unpaid credits.

Yoabank project loan, information about the product

Main features

This is a loan designed so that you can carry out those projects that you have pending and you are postponing, such as a house reform, a celebration, or the completion of a master’s degree or a postgraduate course for you or your children.

In reality, these are projects that, in general, may not require immediate action, except in the case of university studies of children and the like, and that allow orderly and conscious planning.

It is a credit that you can manage entirely online, filling out a simple application after which you will receive an immediate response indicating if your loan is pre-approved, under study for lack of more documentation or rejected, in case of not passing the solvency analysis.

You can set your loan from 6,000 euros to 60,000 and in terms that vary between 12 months to 96.

It does not carry any type of commission or opening or partial repayments or cancellation.

The APR will be set according to the amount requested and the terms, varying between 8.25% and 10.36%. It usually happens, as in almost all loans, that a smaller amount of interest is set.

Operation information

The loan application is extremely simple through the online platform. You only have to sign up for it, establish the simulation of the loan you wish to request and fill out a short form organized in a very intuitive way.

In this form you will first enter the final configuration of your loan and the destination that you will give it, to end with your personal and professional data.

The system gives you an immediate response that may involve rejection, a deeper analysis of your situation or a preapproval of the loan.

You should not forget that if your application is rejected by the system it may be due to a data error, ASNEF file or that you have set a deadline that is not allowed in your case, either by age or other reasons . Review these aspects and re-apply the application.

In the last case or after the study phase, you will only have to send the documentation requested, which you can do by scanning the documents and sending them by email.

The documents that you will be asked for are usually the following:

  • Photocopy of the DNI or Resident Card in force of all those involved in the contract.
  • Photocopy of a receipt domiciled in the bank account provided.
  • Photocopy of the first page of the bank book or statement where the ownership is seen.
  • Justifying income of the holders that will be two last payrolls if you work as an employee or if you are a self-employed photocopy of the last IRPF and the last two quarters. If you are a pensioner, the pension revaluation document.
  • Proof of the project. A proforma invoice or a budget.

Shortly you will receive the contracts that you will have to sign, either with an electronic signature process in which you will be guided and you will receive some codes in your mobile phone, or through a natural signature, printing the contracts.

Once signed you can send them by email, regular mail or through the web itself. If you work with any of the banks assigned to the Yoabank network, you will receive the money immediately and if it will not take more than 48 hours, but another gives the characteristics of Yoabank is that you will not have to change banks.

The repayment of the loan will be made in monthly installments, and may vary the date of rotation between days 5, 10 or 15 of each month, at the customer’s choice.

The loan also allows for partial repayments without any type of limit or penalty or commission, as well as the anticipated total cancellation that does not entail penalties or commissions.

Main conclusions

It is a very flexible product and adaptable to an infinity of programmed needs. It has good contracting conditions, with very competitive interest rates on this type of loans and return conditions that reach up to 8 years.

Among its great advantages we would find the agility in the request, which does not require any kind of endorsement and no commissions of any kind.

As disadvantages, we can consider that it is not feasible if figures in ASNEF

The company: Term

Term is a website that has been specifically designed for the granting of credits online . It is a brand encompassed in the IDFinance group, a major operator in countries such as Mexico and Brazil.

Term is highlighted by highlighting the values ​​of transparency, flexibility, responsibility and security for all customers who access your system. The strengths of its system of concessions are the high limit of up to 3000 euros for the loan and the speed with which the procedures are carried out.

Yoabank: Brief presentation

Cetelem: Brief presentation

Yoabank has a long history in our country, since it began operating in 1988, being one of the pioneer companies in online fast loans and consumer loans.

It is a division of BNP Paribas Personal Finance that specializes in personal loans, consumer loans and cards with various specialized products and different loan and loan solutions for each situation.

BNP Paribas is a bank with a solid reputation in France and throughout Europe. It is present in 74 countries and has more than 27 million customers.

Through its online structure, Yoabank collaborates with companies from all sectors, providing them with credit and loan management to finance their purchases. Only in the automotive sector has ,000 points of sale in 3,000 dealers.

Corporate Council

Corporate Council

In our opinion it is a very interesting product that offers good conditions in flexibility and interests. Undoubtedly, one of the most powerful in the online loan market, due to the maximum amount that can be requested and the long repayment terms.

The biggest drawback is that Yoabank does not support any operation in which the holder appears in ASNEF, which implies that you verify your situation previously, since the first filter of the request is absolutely automatic and you can be excluded based on erroneous information.

If there is something really remarkable are the maximum amounts, which can reach 60,000 euros, which makes this product one of the largest in the market. This makes it possible to finance large-scale projects that otherwise would be difficult to undertake or the reunification of debts.

However, it is not an advisable credit if you do not study in depth the payment capacity and the repayment terms, since, although you will benefit from some of the best conditions of interest in the market, it is no less true that any delay or non-compliance will have severe consequences and penalties.

You should also weigh, as in any medium- or long-term loan, if other needs may arise that may coincide in time with the repayment of this loan and that may exceed your ability to pay.

In short, the Yoabank project loan is a good product backed by a very solvent company and bank, with a long track record in our market and which has been able to create highly competitive and useful products for it. A very flexible product in which it is very important to study the deadlines and return fees, in anticipation of possible incidents and needs.