When it comes to obtaining resources in an agile way for a company or business, one of the most viable options is liquidity credit , as it is usually granted relatively easily and quickly.
Of course, the time will depend on several factors, related to both the financial institution and the person requesting it. If you want to know more about this topic and know how you can obtain immediate liquidity, continue in this article.
What is immediate liquidity?
The immediate liquidity , simply refers to the total amount of assets held fast a company or person. That is, it is all liquid assets, such as cash, short-term investments, stocks, and corporate bonds.
This is key to the proper functioning and maintenance of a business, as it determines how viable it is that it can remain standing while continuing to generate income in the long term.
An organization with a low immediate liquidity ratio may find it necessary to sell assets or access credit in order to cover its obligations; however, many times the credits tend to be late.
What to do if you do not have immediate liquidity?
It is normal that, due to the crisis caused by the COVID-19 pandemic, many companies have been affected in their finances, even going so far as to close their businesses, because they have not been able to see the light since the health emergency began.
However, you should know that there are other options that can help you fight this losing streak. One of them is through real estate, such as your house.
As we mentioned earlier, one of the best options to achieve immediate liquidity is through liquidity credit.
The liquidity credit is a type of financing that is granted to individuals, who must leave a property of their property as collateral to obtain it. This is how your home can help you achieve immediate liquidity.
Here it is necessary to mention that the process of this type of financing is usually quite agile, but not everything depends on the financial institution, but also on the debtor.
The person interested in the liquidity credit must commit and deliver all the necessary documentation requested by the financial institution, in order to accelerate the process and have quick access to all the advantages that this type of financing provides.
Immediate liquidity, how to get it through a liquidity credit?
Liquidity credit works in a very simple way to obtain immediate liquidity. The process is summarized in that a financial institution grants you a loan at a competitive interest rate in exchange for leaving your house as collateral.
This type of financing usually offers long terms, up to 15 or 20 years, because the amounts granted are high, since you are given around 50% of the value of your property.
The advantage of these credits is that they are of free use , that is, you can use them for whatever you want: to grow your business, keep it afloat in these difficult times or make some type of investment.
The only thing you should consider is that you should not present arrears in payments, because what is at stake is your property. However, as long as you keep up with the fees, both your business and your property will be safe and growing with the help of a liquidity loan.
Requirements for a liquidity loan with a mortgage guarantee
To get immediate liquidity, you have to meet a couple of requirements. These always depend on the financial institution in question. Some request that the value of the house be x amount. For example, ION Financiera grants liquidity credits from a property with a value of 800,000 pesos.
Other requirements are the following:
- Property must be free of liens
- The deed must be released and registered in the Public Property Registry
- Be up to date in the payment of public services associated with your address
- Have a good credit history
- Check income, remember that there are companies that have flexible income checks.
Generally, liquidity loans offer a low interest rate and prepayments without penalty. However, this is not always the case, so it is best to find out before acquiring a loan to get immediate liquidity.
What does the immediacy of a liquidity credit depend on?
A liquidity loan is like any other financing in terms of operations. By this, we mean that the process is usually agile; however, it will depend on how quickly you gather the necessary documentation and present it to the financial institution.
Generally, the approval process does not take more than 24 hours. Once the credit is granted, it is only a matter of meeting with the financial organization, seeing the last details of the contract, signing it and delivering the resources.
As you can see, the process for granting a loan to achieve immediate liquidity depends to a greater extent on you. Once you gather all the requested documents, it is practically a matter of one or two days before you receive the capital.
In the case of ION Financiera, 24 hours are enough to approve the financing and grant it to the applicant. Here is an article on the 10 myths about liquidity credit for you to break them and see how it really works.
Requirements and steps to achieve immediate liquidity through a liquidity credit with ION Financiera
ION Financiera is one of the financial entities that grant liquidity credits to companies and individuals who wish to obtain immediate liquidity with the help of their home.
The operation is the same as that of any other type of financing. The requirements are as follows:
- Have a property in your name
- Have a healthy credit history
- Check your income
- Have a minimum of two years in your economic work activity
If you have these four requirements, you can obtain immediate liquidity in less than 24 hours. The resolution time depends on how quickly you deliver the necessary documentation to our managers in order to streamline the process.
Some of the benefits that we grant at ION Financiera through liquidity credit are:
- Credits from 200,000 to 7,000,000 pesos so that you can obtain immediate liquidity or cover any need you have
- Prequalification in less than 5 minutes
- Granting of credit in one day
- Terms of up to 15 years with a preferential rate of 1.5% per month
- Advance payments without penalty
- Option to add income from family or friends to obtain a higher credit
If you want to have access to immediate liquidity, ION Financiera is the best option. You just have to fill out this form to help us understand your needs.
Subsequently, an advisor will analyze your case and will contact you to consider possible solutions so that you can acquire immediate liquidity. Finally, the necessary documentation will be delivered to start the process, sign the contract and receive the resources that you have sought so much.