Through fast online microcredits you can obtain up to 1,500 US dollars in 10 minutes without having to meet just the requirements, so they can be obtained without payroll and even being on delinquent lists such as Credit Checker or RAI. They are requested through the Internet and simply by filling out an application form on the website of the financial institutions that offer microcredits and it is not necessary to have a guarantee or guarantor, since they are unsecured loans .
You can request microcredits online for whatever you want, since they will not ask you for explanations of what you are going to do with the borrowed money and it is possible to obtain it in a wide variety of financial institutions, each with its own requirements and characteristics.
Where to apply for fast microcredits online?
The main financial entities where to request fast microcredits online are the following:
Amount : Minimum income of € 800.
Urgency : Online application.
Requirements : Available to new and existing customers.
Advantages : Account without commissions. Up to 5% APR the first year and 2% APR the second year. Maximum balance to be paid up to € 5,000, free credit card, without commissions.
How to apply for microcredits
To apply for microcredits online and get quick money instantly, you just have to select the financial institution that suits your needs from the previous list and press the request button. At this time you will access the online application website of the financial institution. At this time you will have to select the amount to request and the return period and press the button to request the credit .
Fill in the request form
Next you will have to fill out an application form with your personal and bank details. In each financial institution this online application form is different and they will request more or less information depending on where you request the loan.
Confirmation of data
Once the form is sent, they will contact you after a few minutes to indicate the acceptance of the request. Usually this response is made through SMS or email. If the application has been accepted, you will have to confirm it by following the instructions they send you.
Immediate money to your bank account
When you have confirmed the loan, indicating that you agree with its conditions, the money will be sent to you immediately by bank transfer to the account number you have provided.
Main benefits of microcredits
The fast online microcredits have been designed for moments of lack of liquidity or economic urgency , being able to have the money instantly and return it when it is available again, such as when the payroll, the pension is received or the periodic income is obtained. That is why the quantities to be requested are small and are fully returned at the end of the return period, which is also small.
Moments of lack of liquidity
Among the times that microcredits are used due to lack of liquidity are vacation periods, where more is spent and a greater amount of money is needed. They are also widely used to finance going back to school, Christmas or the January slope , times of the year with more expenses and when sometimes it is not possible to face them with monthly income.
Microloans are the most used form of financing for times of economic urgency, thanks to their speed and ease of obtaining, in addition to not having to meet high requirements for it. These moments of financial urgency include the breakdown of a vehicle, the failure of an appliance, an unexpected fine or the dentist's bill .
When not to use them?
Among the situations where you do not use microloans are to use them to pay another loan, since they will only cause you to owe more and more money, making a snowball effect. It is also not recommended to use them to make unnecessary or wait purchases.
Necessary requirements to request them
Each of the online microcredit financial institutions requests different necessary requirements to accept the loan. You have these requirements in the previous list of financial entities.
In general, the necessary requirements that must be met in all financial institutions to apply for quick microcredits online are the following:
- Have residency in the United States.
- Have an identity document, such as a DNI or NIE.
- Be of legal age and under 65 years of age.
- Have a mobile phone.
- Have an email address.
- Have an account number in your name in a bank.
Depending on the financial institution where you apply for the microcredit, to be accepted for the microloan you may have to have a salary, pension or proof of monthly income or not be on any list of defaulters such as Credit Checker or RAI.
All microcredits are quick loans without collateral, so it is not necessary to have a guarantor or guarantor to obtain the money.
Return of microcredits
Microcredits of smaller amounts are usually returned in a single installment at the end of the repayment period. This is because the return period is very short.
On the other hand, the repayment of the fast loans of 2000 US dollars is usually made in comfortable monthly installments that you choose when making the application. In some cases, instead of choosing the number of installments, you will choose the installment to pay each month, so that it is easier for you.
Likewise, some financial entities offer the possibility of returning the money in advance of the repayment period, saving interest , since they do not have a commission for early repayment or total cancellation of the loan, and they only charge interest for the time you have the money in your power, so if you have the money before the end of the return period, check if you can return it in advance and thus save money.
Differences Between Quick Credits And Mini Credits
Quick loans are a financial product that is based on the loan of a quick amount of money in a simple way, without paperwork and completely online. They are expanding very quickly in recent years thanks to the greater use of the Internet and the need for urgent money, but depending on the money to be obtained, two types of quick loans to request must be differentiated , each with very different characteristics and destined to finance different types of situations: quick loans and mini-credits.
Features of fast online credits
Through fast online credits you will be able to request from $ 500 to $ 75,000 to be returned between 1 and 8 years in a very simple way, without paperwork and through the Internet. You will be able to have the money in a period of 24 to 48 hours if your request is accepted. To be able to request quick money through this product you will need a salary, pension or proof of monthly income.
List of main features
- You can request from $ 500 to $ 75,000 to be returned in monthly installments.
- The repayment period is usually from 1 year to 5 years.
- You can have the money in 24 hours, although the most normal thing is that you have the money in your bank account between 24 and 48 hours.
- The application is made completely online and without the need for paperwork.
- The necessary requirements to be able to request them are very small and you will have to send scans via email your DNI or NIE, bank card or a direct debit receipt in your name in your bank account and a payroll, pension or proof of income.
- Finally, the interest rates are similar to those of personal loans, usually being a little higher due to not requesting requirements to apply for them.
Necessary requirements to request them
- First you will need an identity document (DNI or NIE)
- You also need an account number where to deposit the loan money.
- Finally, a monthly salary, pension or proof of income is necessary.
Characteristics of online mini-credits or microcredits
Through quick microcredits you will be able to request from $ 50 to $ 2000 to return up to 30 days in a very simple way, without paperwork and through the Internet. You will be able to have the money from 10 minutes once the request is made and the requirements to request them are almost non-existent.
List of main features
- You can request from $ 50 to $ 2000 to be returned in one installment at the end of the loan.
- The return period is usually up to 30 days.
- You will be able to have the money in 10 minutes once the request is made.
- The application is made easily, totally online and without the need for paperwork.
- The requirements to request mini-credits are very few and in many cases it is only necessary to have an identity document and a bank account.
- The price of the loan is paid as fees for the money borrowed, since the loan is fully repaid at the end of the period of the loan.
Necessary requirements to request them
- First, have an identity document.
- Have a bank account in your name.
- You also have to have a mobile phone number and email to contact you and send you the documentation.
- Depending on the entity where you request it, you will be asked for more or fewer requirements, among which they may have monthly income.
- Finally, there are financial entities that accept credits with Credit Checker .
Differences between fast loans and microcredits
As you know, the two products are used to obtain quick money in a simple way, without paperwork and totally online. The main differences at first glance are in the amount to request, the return period and the time necessary to have the money in your bank account , making these two products are used for totally different situations.
Use of borrowed money
In the case of microcredits, their main use is to obtain quick money for small contingencies , such as the breakdown of a vehicle, the payment of a fine, the breakdown of an appliance or a bill that you did not expect. The return period is very short because it is a product designed to obtain urgent money and return it when you obtain the monthly income, such as payroll, pension or benefit.
On the other hand, fast online loans can be used to finance personal or business projects . In the case of personal projects, we refer to using the money to take a trip, carry out a home renovation or acquire a consumer good. In the case of business projects, it is possible to obtain them to finance a new company or make a capital increase of an already consolidated one.
Interest rates applied
Another big difference between these two financial products is the interest rates to be paid on the borrowed money. In mini-credits, the price that must be paid for the borrowed money is classified as fees and, converting these fees to annual interest rates, they are much higher than those of other loans.
It should be noted that before requesting any of these credits it is necessary to be very clear that it is possible to repay the loan within the established term, since otherwise extra charges higher than the interest rates to be paid will be applied.
Advantages of fast online microcredits
The main advantages of fast online microcredits are the speed and simplicity of obtaining the money, since it is possible to get the money in 10 minutes simply by filling out an application form through the Internet. Once the form is sent , you will have an almost immediate response and if your request is approved, they will send you the money immediately .
Another advantage of microcredits is that you do not have to meet high requirements to get the loan approval online . For example, among the requirements that you have to meet are not that you have a guarantee and it is possible to get the money without the need for payroll and even being in delinquent lists such as Credit Checker or RAI.
First free microcredit
There are also financial institutions where you can get free credits , being possible to get quick money without having to pay interest or commissions for it. These types of credits are promotional and are intended to publicize the financial product, new on the market at this time.
Early return saving
In most fast microcredit financial institutions it is possible to return the money in advance saving interest , paying only for the time you have the money in your possession. This is very interesting when you don't know when you will be able to get the money. It is also possible to extend the term of the loan in many of the entities.
Confidentiality and transparency
Finally, you will have total confidentiality and transparency in the management, being sure that your data will not be communicated to third parties as long as you comply with the loan conditions. The microcredit data will not appear in bank credit score reports, so it would not affect the risk study of a personal loan.
In theTourism Loan you have the best ways to get money quickly in a simple way, such as microcredits, fast loans or online personal loans. You have the best financial institutions to get the money in the articles we publish.