There are not many credit institutions and financial companies that grant a 70,000 USD loan with ease, despite precise indications from the EU aimed at increasing the ceilings for personal loans to be granted to citizens with the aim of adapting the financial instruments available on the market to actual consumer needs.
In fact, most financial companies provide personal loans up to a maximum of $ 30 / 40,000 and only the big banks have gone so far as to extend the figure up to $ 70,000 or more. Then there are particular situations such as with Best Bank which directly reaches up to 30,000 USD, but through Spin Lender it can go up to 75,000 USD.
It should be said, moreover, that these are somewhat complex loans as they provide very large repayment installments, hardly less than $ 800/900 per month, given that the maximum duration granted is 120 months. These are very significant amounts that can only be borne by a certain category of people, a reason that greatly restricts the audience of users who can have access to a loan of this type.
Requirements for obtaining a loan of 70,000 USD
The 70,000 USD loan is granted only to those with adequate creditworthiness; this implies not only that he has sufficient income to be able to meet the loan amounts, but also that he has no reports as a bad payer in SIC, Credit Information Systems.
The income must be demonstrable and continuous as a very long loan agreement is always expected to repay such a large amount. For this reason, employees, both public and private, and pensioners, as well as self-employed workers, are privileged, provided they have sufficient documentation to demonstrate that the activity carried out is solid and active (see also Online loans for unemployed).
In the face of any personal loan request, all the checks to verify the applicant’s solvency are carried out by the lending institutions and never as in this case these checks are thorough and severe. Once the go-ahead on the creditworthiness of the subject has been obtained, appropriate calculations are made on the declared income, aimed at ascertaining that the part intended for the periodic installment for financing represents only a part of the total, so that the applicant’s survival is guaranteed and his possible family members.
If it turns out that the monthly amount is too expensive, further guarantees are required, such as life insurance, a mortgage on a property owned or the presence of a guarantor who has sufficient economic requirements.
Who to contact
If you meet all the requirements, you can proceed with the request for a loan of 70,000 USD; there are two possible ways:
- the physical branch of a bank, perhaps its own if you have an economically sound position; direct knowledge and correctness demonstrated over the years can be useful as a “guarantee” and demonstration of reliability;
- the Web Banks, now increasingly present and more active; the greater ease of the procedure and perhaps cheaper financial products make them particularly attractive, even if the procedure must be activated only if you have all the requisites and the necessary documentation, in order to avoid a refusal in the first step.