How to make loans between individuals - P2P

Loans between individuals are presented as a good alternative to bank loans. It is a good option in front of the few financing options offered by banks at present. It consists of the provision of money between two people or companies without having to resort to the intermediation of any entity. But to get everything done as safely and legally as possible, you have to follow a series of steps. To know what they are, in unComo.com we tell you how to make loans between individuals.

Steps to follow:

1. There is no law that regulates loans between individuals, but although they are usually sealed with a verbal agreement, it is never too much to document and record the loan. To do it the easiest is to go to a notary to formalize the agreement.
2. To document and register the loan you can go to a notary, although it can be done free of charge through a private contract. In this contract you have to specify the parties involved, the amount loaned, the return fees, the return period, the interest (if any), the clauses for non-payment and other aspects that you want to regularize.
3. Once the agreement is formalized, it is necessary to take it to the Tax Agency to be legal, specifying the existence of an interest in case it has to be paid to the IRPF. In this way, the earnings subject to interest on the loan must be included in the Income statement.

4. One of the advantages presented by loans of this type is the immediacy and flexibility offered by not being a bank. This way, if someone is late in a payment nothing can happen, although you should always check that it does not occur repetitively to avoid possible defaults.
5. In favor of loans between individuals, there are no disproportionate guarantees demanded by financial institutions. For this reason, you do not need the number of guarantees required or the need to hire additional services.
6. Another advantage of these loans is the much lower interest rates than those requested by the banks since the bargaining power in these cases is higher, allowing to reach more beneficial agreements.
7. In addition, it is not necessary, in any case, to have to change banks, you may not even have to go through any bank, skipping any procedure and related expense.
8. It should be noted that there are different platforms on the Internet created especially to regulate loans between individuals, making them much safer and regulating them correctly. In addition, there are specialized microcredit platforms that will allow you to get out of a hurry, for example, Credy is a reliable and 100% recommendable loan website.
9. Finally, it is essential to avoid, in any case, unregulated lenders, since they act outside the law and it can be suspicious and dangerous to make deals with them.

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