Frequent questions

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Loan
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Loan term
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Loan information

How to apply for a loan?

You must select the amount and term that suits you best and then you must click on "request". Fill in the general information that we request in the form.

If I don't have a job, can I apply for a loan?

You can apply for a loan as long as you have demonstrable periodic income such as a pension, unemployment benefit, family assistance, etc.

What if I don't have a mobile phone?

It is essential that you have a mobile phone for personal use.
Our loans are personal and therefore your personal data is valid for the processing thereof. If you use the mobile number of a friend or relative, it may happen that later the person who owns the mobile number, cannot request the loan with us, because the number is already connected to you.

What are the requirements to obtain a loan?

To get a loan, you must:
be at least 21 years old;
reside in Spain;
have a demonstrable regular income (payroll, pension, unemployment benefit);
have a personal mobile phone;
have a bank account in your name.

Why was my loan application rejected?

The reasons why your application has been rejected can be diverse. But we remind you that you should not have debts of more than € 2,000 when applying for the loan.

How long will it take to get the answer?

You will receive our response a few seconds after submitting your request.

How long does it take for the money to reach my account?

Your bank may receive the transfer with a slight delay - you will generally have the money in your bank account in less than 15 minutes.

Can I request money while in credit association?

Yes, you can ask for money even if you are in a credit association, when it is not for a financial debt and the amount does not exceed 2000 euros.

Is applying for a loan online safe?

Applying for a loan online at castings-forgings.com is safe because we have SSL certificates, which are issued by an international certifying authority for the protection of online transactions with industry standard encryption.

Do I have to send the documentation and where?

When studying your application we will indicate the documents we need, if it is necessary to send the documents we will indicate where you should send them. It will not always be necessary to send documents.

Can I apply for a loan as a foreigner?

Yes, as long as you reside in Spain and have a NIE and passport. No extra documents are necessary, only the minimum required for this type of management.

Can I fill out the application to see how much money I can get without signing the loan?

Yes, you can fill out the application, to see how much you can earn, without obligation to sign the loan.

How can I repay my loan?

The loan payment must be made within the term you have selected, by paying the invoice amount to the bank account indicated on the invoice.

What happens if I don't make the payment?

Payment delay.
In the event that you are late in a payment and do not process the postponement of it, you have a penalty of late payment interest for an amount equivalent to 1% daily of the late payments. Penalties may not exceed two and a half times the APR

How will it affect my creditworthiness?

Failure to pay the appropriate payments can affect your creditworthiness. That this is negative leads to not being able to have more credits in the future with Casting Credit, as well as it could complicate these procedures with other financial entities.

What does the assignment of the debt entail?

In the event that the payment of the obligations Casting Credit is defaulted, it can assign the loan to third parties. The costs of incurring claims for non-payment will be passed on to the customer who owns the loan.

about the author

Maria Solis Burley

Credit consultant in Spain. Financial Analyst at Crédito Victoria.
LAST UPDATED: May 25, 2016