What Borrowers Appreciate About Financing in Latin America

Borrowers who secure financing in Latin America appreciate the great interest rates, the range of loan currencies available, the low fees involved and the fact that qualifying for a loan is easier than elsewhere around the world.
Financial Loan

Financial LoanChoosing the right loan can be challenging, but the first step should be determining from where in the world you want the loan to originate. You aren’t restricted to loans from your home country, and looking to an international lender can actually bring you a number of benefits.

Discover why finding in Latin America is so popular among individuals as well as businesses, and learn more about what borrowers appreciate about loans from this part of the world.

Qualifying for a Loan is Easier in Latin America

Straight away, borrowers will appreciate the fact that financing in Latin America is often a lot easier to secure than financing in places like Europe or North America. The global recession has certainly made it harder across the board for individuals and businesses alike to get access to the loans they need to succeed.

Unfortunately, it can feel like a nightmare to try and secure financing if you don’t have a lot in the way of collateral, an unreliable income or a less than perfect credit rating. In Latin America, however, there is more flexibility with loan prerequisites. This makes it easier to find the loan you need and the terms that fit into your budget and schedule for repayment.

Latin American Financing is Available in Many Currencies

Another thing that many borrowers appreciate about loans offered in Latin America is that they are available in more than one currency. If you wanted to secure a loan from the United States, it would be challenging to have a loan in anything other than the U.S. Dollar.

However, for a variety of reasons, borrowers may prefer to take out a loan in Euros, Yen or British Pounds. In Latin America, you can choose the currency that you need most for your loan.

Loan Application and Maintenance Fees Can be Lower in Latin America

Securing financing in any amount and in any currency typically includes a loan application fee and even a yearly maintenance fee to cover the administrative side of your loan.

These fees can vary wildly depending on where in the world the loan originates. In places where the cost of living is incredibly high, such as Hong Kong or Tokyo, the fees may reflect that. Conversely, affordable destinations like Belize pass the savings on to borrowers through lower fees.

Latin American Financing Can Offer Better Interest Rates

If securing a loan is all about the bottom line, then better interest rates are a great reason to choose financing in Latin America. Many borrowers are pleasantly surprised to learn that they can enjoy lower interest rates on their loan in places like Belize than compared to loans in the United States, Canada, Europe or Asia.

If your goal is to find a loan that costs you the least to repay, then Latin American lenders should definitely be your first choice. Whether for an individual or a new business, securing a loan from a lender in Latin America can bring the borrower a variety of advantages.

Let’s get together and work on your loan today. Contact us.

Share:

Facebook
Twitter
LinkedIn

More Posts

Why Belize for Offshore Banking?

Part of the process of choosing the right nation for international investments and banking is to identify the offshore banking advantages associated with specific countries. As you spend some time considering the pros and cons of doing business in certain countries, Belize is certain to capture your attention. In fact, there are several reasons why choosing to establish everything from an offshore savings account to an international life insurance plan in this country is worth considering.

Read More »

Send Us A Message