{"id":8429,"date":"2024-10-08T09:59:00","date_gmt":"2024-10-08T08:59:00","guid":{"rendered":"https:\/\/getincome.com\/blog\/?p=8429"},"modified":"2024-10-04T10:47:05","modified_gmt":"2024-10-04T09:47:05","slug":"meet-ibancar","status":"publish","type":"post","link":"https:\/\/getincome.com\/blog\/meet-ibancar\/","title":{"rendered":"Meet Ibancar!"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8429\" class=\"elementor elementor-8429\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d44e269 e-flex e-con-boxed e-con e-parent\" data-id=\"d44e269\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-81dcd66 elementor-widget elementor-widget-text-editor\" data-id=\"81dcd66\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">We are excited to welcome our latest Loan Originator, <\/span><b>Ibancar<\/b><span style=\"font-weight: 400;\">, a fintech company founded in 2017 based in Spain that recently expanded to Mexico. Ibancar provides instalment loans secured by cars through a <\/span><b>100% remote and digital process<\/b><span style=\"font-weight: 400;\">. It offers borrowers quick and easy same-day loans without any physical interaction with the borrower or the car, and the borrower can keep using their car while it is used as collateral for the loan.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Ibancar\u2019s innovative, digital-first platform brings secured lending into the mainstream consumer credit market through its proprietary lending process. This approach gives borrowers a big incentive to keep up their payments and enhances every borrower&#8217;s credit profile with the security of an asset that ensures capital is recovered in case of default.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Ibancar has a multi-year track record of being a profitable and cash flow positive business, with a 100% payment performance over 5 years on p2p platforms. With operations in Spain and Mexico, Ibancar caters to a wide range of borrowers because the collateral significantly reduces risk, enabling lending on equal terms to both <\/span><b>prime and non-prime borrowers. <\/b><span style=\"font-weight: 400;\">Using cars as collateral also means that Ibancar can offer <\/span><b>larger loans for longer terms with lower and more manageable instalments,<\/b><span style=\"font-weight: 400;\"> providing a better alternative to traditional short-term, high-interest loans.<\/span><\/p><p><span style=\"font-weight: 400;\">Here are some key details about Ibancar\u2019s loans:<\/span><\/p><ul><li><b>Loan Type:<\/b><span style=\"font-weight: 400;\">\u00a0Instalment Loans<\/span><\/li><li><b>Borrower APR Range:<\/b><span style=\"font-weight: 400;\"> 16-58%<\/span><\/li><li><b>Average loan-to-value :<\/b><span style=\"font-weight: 400;\"> 50%<\/span><\/li><li><b>Expected Maturities:<\/b><span style=\"font-weight: 400;\"> Up to 37 months<\/span><\/li><li><b>Junior Share:<\/b><span style=\"font-weight: 400;\"> 11%<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Ibancar\u2019s business model is designed to be <\/span><b>inclusive and sustainable<\/b><span style=\"font-weight: 400;\">. It offers loans tailored to meet its customers&#8217; needs. Borrowers also benefit from additional services such as payment holidays, annual car maintenance, and payment reductions in case of illness or unemployment, which enhance retention, add value for borrowers, and ensure the performing loan book remains above 92%.<\/span><\/p><p><span style=\"font-weight: 400;\">Ibancar has already originated over <\/span><b>\u20ac40 million in loans<\/b><span style=\"font-weight: 400;\"> and currently manages a <\/span><b>\u20ac18 million loan portfolio<\/b><span style=\"font-weight: 400;\">. Their loans, available on Income, offer <\/span><b>yields of up to<\/b><b> 11.5<\/b><b>% p.a.<\/b><span style=\"font-weight: 400;\">, making them an attractive <\/span><b>mid to long-term investment<\/b><span style=\"font-weight: 400;\"> option. All loans come with a <\/span><b>buyback obligation<\/b><span style=\"font-weight: 400;\"> and are protected by risk-adjusted Junior Share. The <\/span><span style=\"font-weight: 400;\">Junior Share for Ibancar\u2019s loans is 11%, offering higher investor protection than any other marketplace.<\/span><\/p><p><span style=\"font-weight: 400;\">As Ibancar continues its expansion in 2024, supported by scalable debt funding, it is well-positioned to grow its operations further and expand into new territories and other products, such as long-term car rentals.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If you\u2019re looking for a stable, asset-backed investment opportunity, consider adding <\/span><b>Ibancar\u2019s loans<\/b><span style=\"font-weight: 400;\"> to your portfolio. Their attractive returns, backed by cars as collateral, make them a strong choice for diversification.<\/span><\/p><p><b>Don\u2019t miss out\u2014diversify your portfolio with Ibancar today!<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e96e1c1 e-flex e-con-boxed e-con e-parent\" data-id=\"e96e1c1\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-66d70dd elementor-align-center elementor-widget elementor-widget-button\" data-id=\"66d70dd\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/getincome.com\/blog\/loan-originators\/ibancar\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>We are excited to welcome our latest Loan Originator, Ibancar, a fintech company founded in 2017 based in Spain that recently expanded to Mexico. Ibancar provides instalment loans secured by cars through a 100% remote and digital process. It offers borrowers quick and easy same-day loans without any physical interaction with the borrower or the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,5],"tags":[45],"_links":{"self":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/8429"}],"collection":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/comments?post=8429"}],"version-history":[{"count":16,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/8429\/revisions"}],"predecessor-version":[{"id":8461,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/8429\/revisions\/8461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media\/8430"}],"wp:attachment":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media?parent=8429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/categories?post=8429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/tags?post=8429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}