• Editor's rating
  • 4.5 star rating
  • 80%
  • Instacredit
  • Review by:
  • Posted on:
  • Last modified: 4th September 2017

Do you need a loan quickly? Do you find yourself in a personal situation in which traditional banks do not grant you credit?

  • Unemployment situation
  • Your name is registered in a delinquency file
  • You do not have a guarantor to back your credit application
  • You have monthly income but not a payroll as such

These circumstances make banks see your profile with a lot of risk and therefore the refusal to grant money is usually the answer. Don't worry, because thanks to the advances in the financial products sector today, there are alternative ways to get money quickly and safely, such as Instacredit.

Loans with your car as collateral

If you have a paid car, which does not exceed 15 years old and with all the documentation in order, you can benefit from the loans that Cochego offers you by using your car as collateral.

The fact that you use your car as collateral does not mean that you will have to physically leave it somewhere until you pay the loan back. You can continue using your car at all times until the money is returned.

Depending on the car model, its condition and how old it is, you can qualify for more credit. From € 500 to € 15,000 to be returned within a period of one month to 6 months . The repayment period can be extended by requesting an extension of up to 6 more months.

How do I apply for my loan?

The money request system is very simple and you will not have to go to any office to make the request. You just have to follow the following steps:

  • Enter the Instacredit website by clicking here : Once inside, fill out the application form that you will find by pressing the button do you need money?
  • Fill in the information: You will need to include only some information about your car, license plate, model, year and personal information (name, email, telephone).
  • Enter the amount of money you want to request: In the same form, enter the amount of money you want to borrow.
  • Request response: In a maximum period of 30 minutes, you will receive the answer about your credit and a personalized offer, after they study your situation and the model and make of your vehicle.
  • Signature of the contract and delivery of the money: If the proposal interests you, the last step is to sign the contract and receive the money in hand. To do this, a meeting is closed to carry out these steps.

As you will see, the process is quite simple and you will have a Cochego advisor at your disposal to explain any questions that may arise. The delivery of the money is immediate after the signing of the contract. In less than 48 hours you can have your credit signed and the money in your hand.

What interest will I have to pay

This type of credit does not have opening costs, nor management or cancellation fees. The interests are fixed of 10% APR applied to the amount of money received and the repayment term.

The shorter the repayment period, the lower the interest. Therefore, if you have the security of being able to return the money in 3 months, it will always be more advisable than to return it in 6 months or in a year.

What if I can't pay the loan

One of the facilities of Cochego is the possibility of extending your loan over time. To do this, you have the option of requesting an extension of a maximum of 6 more months to the initial term.

If even so after requesting the extension you are still unable to pay the credit, it is important that you know that procedures will be initiated to collect that debt, which may reach the judicial route. Also, remember that even though you continue to use your car, your vehicle is the guarantee of your loan, so they could execute that guarantee and keep your car.

Therefore, it is very important that in the event of any unforeseen event that does not allow you to repay your loan on time, you contact Instacredit. In this way, you can try to reach an agreement and find the best solution before losing your car.

Requirements and documentation to request your money

It is important that you know that this financial entity at the moment only operates in Missouri and Barcelona and surroundings. The rest of the communities are expanding their services little by little, but in order to benefit from their quick credits for now, you can only do so if you reside in these two cities or their surroundings.

The documentation you will need is the following:

  • Document proving your residence in United States: DNI or NIE
  • Vehicle data sheet: This sheet is necessary to be able to make the loan contract, since the vehicle data appears here.
  • Circulation permit: This document is necessary, since your name appears here as the owner of the car.

Customer Reviews about Coche Go

The factors best valued by clients who have already requested a loan with Coche go are:

Speed ​​and transparency: Speed ​​is one of the qualities that most boost your customers. The management of the request via internet is very fast and the response in 30 minutes is real. From the moment you send your petition until they study it and contact you to see the proposal and sign it, usually no more than 48 hours elapse.

This time compared to what it would take you to sign a loan at a bank branch is very fast.

Transparency is another of the outstanding advantages. At all times you know the interest that you will have to pay, the time and term of return. The truth ahead is one of the premises of this company.

Keep using your car: You don't have to have a payroll, or physical guarantee, and the biggest advantage is that you can use your car at all times. You have fast money without losing your car.

Although Instacredit is presented as a great opportunity to request a quick loan before requesting a personal loan , it is best to compare with other companies that also grant this type of credit.

Our recommendation is that before choosing you compare all the options that you have at your disposal. In the following links you can find all the information:

Instacredit Summary

Summary: Quick personal loans leaving your car as collateral and for a maximum of € 15,000 in Instacredit. The car you use as collateral must be less than 10 years old. Depending on the model and conditions, the loan may be of a greater or lesser amount. You can return it in 6 months and you will have the possibility of extending the repayment of the loan for 6 more months.

Score 4.5 star rating

Leave a comment

19 - thirteen =