We have always understood that in order to have some liquidity in our routine tasks, we have to go to our usual banking entity through a process of physical, psychological and monetary evaluation by the director of the same.

About bank loans

bank loan

These types of loans are those that are requested with different objectives, be it the purchase of a car, some type of reforms, etc. As you might expect, conditions vary greatly depending on the borrower’s economic situation, the type of loans you want to apply for, the lender, etc.

Several details must be taken into account, as it can be decisive in the conditions of the contract. Each client has complete freedom in the choice of the loan and, therefore, must study the conditions of several of these contracts before making a final decision.

Because a reform or the purchase of a car is an important investment that involves several thousand euros, both the current economic situation and the stability in the term of the loan must be thoroughly evaluated. It is advisable to estimate the expenses that we have and that could arise in the term of payment of the loan in this step.

Thus, realistically estimating whether or not we will be able to repay the loan without falling into default must be the determinant before committing ourselves. If there is any reason to indicate otherwise, it would be best to reconsider, evaluate other offers or leave a loan of several thousand euros for another time. In some web pages, we can find applications to calculate the monthly fee to be paid based on the amount borrowed and the financing time.

Quick mini-loans as an urgent solution

Quick mini-loans as an urgent solution

That is why, given the increase in the demand for mini-loans or small loans, they have emerged as mushrooms that are dedicated exclusively to supply these very small amounts that for some of us can mean the life of our vehicle or the food of next week.

But the ideal in these cases is to use financial or banking comparators that combine in a single portal many of these private or financial lenders that offer credit in small amounts.

Unlike the entire evaluation process that we must suffer when stepping on the floor of a powerful bank, if we want to request quick mini-credits to any of these companies (you just need to do a quick Google search to know what they are) we need something so basic like a mobile phone, a computer (or even that, thanks to smartphones ) and having enough lucidity to fill in some forms.

It does not matter the outfit that we are provided with, in our way of speaking or the salary that we have (it is necessary to have it for this type of loans, but it does not matter if you charge € 500 or € 2,000 per month). Just a few clicks so that some of the private financial companies published in the aforementioned bank comparators can make a study (by the way, very fast) of your situation and know in a matter of hours if you are the perfect candidate to enjoy those dozens of Euros for you crucial.

Requirements for immediate mini-credits

credit score

Speaking of the requirements, the main ones are to be between the ages of 18 and 65, although some companies determine the minimum over 25 years. Obviously considering that they are looking for people with certain creditworthiness. Tell me with 18 years the chances that you have, today, of being charging a legal and declared monthly salary to repay the mini loan.

Then, the next requirement is that you are not currently on any delinquency list such as ASNEF (former RAI). Today anyone can be on this list and almost without realizing it. Surely you have an invoice (unfair) that is being claimed by a mobile operator.

Well, if it’s been awhile, you’re probably on this list and that prevents you from requesting a quick mini-credit or credit. Yes, the amount does not matter. Although you owe € 20, it is an impediment to this situation. You must swallow your pride and access the dirty pretensions of that red, blue, green or orange operator.

Finally, the last requirement is that you have some solvency. Some of these companies request that you have a monthly income of at least € 500 and others simply do not detail it. However, although they do not specify it, they have external companies that carry out a study of your solvency. Today your data is everywhere, in fact, they can know the size of your pants (or almost).

Besides these fast credits are really fast. Normally the time that elapses from when the application is accepted until they are received is usually 24 to 48 hours.

There are also web pages that help us make comparisons of mini-credits from various entities and provide us with information to decide. On the other hand, it may be useful to consult with an expert who can advise us on these matters, as there may be some aspect that has been overlooked or we have not considered all available offers. With all this information, we can choose the most suitable loan for us.

In short, it is a huge facility to enjoy these mini-credits for our financial day today, because, in one way or another, it is a small extension of our salary that we could not otherwise access.