Gedescoche is a line of quick loans from the Gedesco company that allows you to request up to € 10,000 by providing as a guarantee a car less than 10 years old and regardless of whether you have no payroll or are in ASNEF since the guarantee is the car itself.
Benefits No Payroll: Yes With Asnef: Yes Cash: Do not Limits Minimum term: 30 days Deadline: 12 months Minimum loan: € 1,000 Maximum loan: € 10,000
Additional Gedescoche information
Gedescoche is the brand of urgent loans with the guarantee of a vehicle from the financial company Gedesco . Gedescoche was formerly called Disfruting, and allows you to request a loan of up to € 10,000 by providing a car as a guarantee but with the advantage that you can continue to use the vehicle normally.
Although the maximum amount is € 10,000, the maximum limit that can be requested depends in reality on the car’s appraised value, but in Gedescoche they assure that they always offer the maximum appraisal. Each customer will have a maximum custom limit and equivalent to the market value of the vehicle that he provides as collateral.
After completing the online application Gedescoche values the vehicle and if the client accepts the loan, he receives the money within 24 hours after the request . As the guarantee is the car itself they do not ask for payroll nor do they matter in the ASNEF lists . The only requirement is that the vehicle is less than 8 years old (10 years in the case of high-end vehicles).
How do Gedescoche’s urgent loans work?
The main characteristic is that there is no fixed term to repay the loan. The client receives the money he needs and when he decides to return it he does it and the debt is paid. To cancel the loan, exactly the same amount of money that was requested is returned.
During the term of the loan a small monthly rent is paid in exchange for continuing to use the car normally , that is the cost of the loan. The price of that rent will depend in each case on the amount requested and the valuation of the vehicle. It is very important to know that monthly rental fee before accepting the Gedescoche loan so as not to take us any unpleasant surprises. There is also the possibility of “renting” a different car, for example in the case of wanting to pay a lower amount per month for a lower-end vehicle.
After receiving a loan with this company, it is very important to pay rent installments on time, since the non-payment will set in motion the appropriate legal procedures with their economic consequences.
How to request a loan for your car in Gedescoche
This is a very simple process since, when guaranteeing the loan amount with a vehicle, it is not necessary to provide any other type of guarantees, which greatly reduces paperwork and procedures, as it is not necessary to provide payroll or endorsement. Gedescoche grants its credits even with ASNEF , since it does not consult the delinquent files.
The procedure is very fast, the first step is to enter the website of Gedescoche.es and fill out a simple online form with our name, phone number, email address and make and model of the car we want to provide as a guarantee of the quick loan . After entering this data, they value the vehicle and tell us how much money they can lend to us based on the market value of the car.
If we agree with the amount and with the monthly cost of the rent, you simply have to accept the agreement and the money is received in only 24 hours.
The only requirements are that the car has less than 10 years, that the applicant is the owner of the car and that there is no loan on the car.
What do you need to be able to close the loan?
If after the appraisal and the conditions you want to contract the loan for the Gedescoche car, it is necessary to comply with the following points in reference to the vehicle:
- ITV in force.
- Contribute technical sheet.
- Municipal circulation tax paid (provide receipt).
- Have a residence in the Peninsula or the Balearic Islands.
- No domain reservation (no loan on the car).
- Permit of circulation in the name of the loan applicant.
How much money can I get
Gedesco’s appraisal for Gedescoche loans is based on the Ganvam Bulletin, which assesses vehicles based on age, model and other characteristics. They can usually give you less than 24 hours 50% of the value of that appraisal without questions and with the only guarantee of your car.
Advantages of Gedescoche loans
The main advantage of these loans is that you can get money very fast and in larger amounts than in the fast loans sector.
The second advantage is that the only guarantee is the vehicle itself and therefore it does not matter if you are included in the lists of ASNEF, you do not have to contribute payroll or endorsements. As you can see, Gedescoche makes loans with ASNEF since it does not even consult that register of defaulters.
The client continues to use his vehicle normally and can cancel the loan when he deems appropriate, while the vehicle will pay a monthly fee in exchange for his loan.