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Del Rio Finance makes personal loans from $500.00 to $10,000.00. An application is obtained from you with the necessary information we will need in order to make an underwriting decision. All decisions are made by a live underwriter who will be assigned to your loan. Each loan is custom made to meet the needs of our client's specific needs. We take the time to get to know you and your financial goals, and help you work towards those goals.
Once your loan is approved you will come to our office to sign the loan documents. At that time a check will be issued to you for the loan amount you were approved for. Our personal loans are installment loans versus revolving loans. This actually works to your advantage because interest is earned on a daily accrual basis, so you only pay interest for the exact days you have our money! This means more money in your pocket! Furthermore, there are no pre-payment penalties whatsoever. If at anytime during your loan you should require additional money, we can accommodate you with that request. We also offer special interest rates for those who qualify.
Each loan is underwritten with one thing in mind. How can we best serve our client? Each loan is custom tailored to fit your specific needs. We look at your over all ability to repay the loan. We are looking for applicants with credit already established for at least 1 ½ yrs- 2 yrs., as well as verifiable income. Whether you are self-employed or work for someone else, we need to be able to verify the means for which you will be paying us back. Established credit, employment, and housing are strong contributing factors in our decisions, but each loan is individually reviewed by an underwriter. If you are strong in one area but not in another we work with you to try and get you what you need.
We offer a variety of loan programs to accommodate your specific needs. Depending on the strength of your application, you may qualify for more than one program. We will advise you as to which program you qualify for, and let you decide which loan program is best for you.
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