Frequently asked questions for online credits
Online credits are a more or less recent form of financing in Spain, which is why doubts arise regarding the procedures and details that go hand in hand with applying for a quick credit or mini-credit.
Next, we clarify the most recurring questions regarding the terms and conditions of online credits , so that requesting your immediate credit does not involve any complication and you can do it with total guarantee and security.
The most recurrent FAQ in online credits
Designed to respond to urgent or unforeseen economic needs, online credits, that is, they are fully managed online, are characterized by their ability to provide a specific amount of money as soon as possible, usually less than 24 hours . And there goes the first question:
How is it possible to have the desired money in just one day?
The possibility of requesting a quick loan from any device with an internet connection offers great advantages over traditional loans in this sense: absence of paperwork, zero travel, they do not imply the need to become a client of the entity or to hire additional products, and the solvency study is carried out immediately. All this makes things much easier for those who need money and need it now.
What are the requirements to request an immediate credit?
Compared to those required by a traditional bank, the requirements set by fast loans are, in general, very basic. These vary from one credit to another, but are usually summarized as: being over 21 years old, residing in Spain, having a valid identity document, email and a bank account, proving demonstrable monthly income (it does not have to be a a payroll) and not be included in a file of defaulters like Asnef .
Why do immediate loans lend small amounts of money?
The amounts provided do not usually exceed 1,000 euros and the return period, 30 days. This is because the mini-credits are designed to deal with daily unforeseen events: a breakdown in the car, a higher electricity bill than expected ..., hence the amount is designed for this type of emergency, which, in addition, you will be in a position to return with the collection of the next payroll, for example.
What is the interest rate of an online loan?
This varies depending on the entity, the amount of money requested and the repayment period, for that reason, the ideal is that you enter the website of your most trusted online credit institution and use its simulator to calculate the amount total that you would have to pay (with interest included) in a given time.
What if I cannot repay the loan on the selected date?
Remember that the date for the return of the term is chosen by you, however, if you cannot meet the commitment acquired on the desired date, you can normally request an extension of up to 30 days. However, before doing so, we advise you to contact the entity to find an ideal solution.