Microcredits: What are the Best and Where to Apply
March 19, 2019
The fast microloans are small loans to finance small needs or short – term projects. With them it is possible to obtain up to € 600 with short return periods, normally one month. The objective when applying for microloans is to get money quickly and easily, without having to do any paperwork and for this the companies that offer microfinance make available to customers all the necessary facilities for it online.
Through microcredits you will be able to obtain from € 50 to € 600 immediately (from 10 minutes) and simple through an application form through the Internet and without the need to carry out any type of paperwork or send any type of documentation. In addition, you can request microcredits without having to explain the fate of the same and in many cases without justifying income or endorsement. Finally, there are entities that accept clients with ASN
Which ones are the best? Comparison of microcredits.
The main differences between the different microcredits offered by these entities are in the requirements that you will need to obtain them and the fees or interest that you will have to pay. Whether a microcredit is better or worse depends on your financial needs and the requirements you can meet.
Soon we will offer you a comparative table of the different microcredits so that you have at a glance all the characteristics of each one and request the one that best suits your financial needs.
Procedures to be carried out
In order to apply for microcredits, you only have to access the website of the entity that best suits your needs and fill out the application form. In a few minutes they will contact you to indicate the acceptance of your request.If this is accepted and you confirm you will send the money immediatelyto the indicated bank account.
Some entities may request that you send them via email a copy of your DNI / NIE and your bank card or direct debit to your bank account to verify your information. To do this you can scan or take a picture of the document with your mobile phone.
For return the loan in most cases you will have to make a bank transfer to the account number that will indicate when you transfer the money although there are some entities where the return is made by direct debit, that is, they charge the amount directly from your bank account, so you do not have to worry about anything.
Requirements to apply for quick microcredits online
To apply for micro credits you will have to fulfill a series of requirements that depend on the entity that offers microfinance. The most common are the following:
- Be of legal age and have an identity document (DNI / NIE).
- Bank account number in your name, where they will send you the loan money.
- A mobile phone number and an email address that will be used to contact you and sometimes even to confirm the loan.
- Not be registered in any register of defaulters.
Advantages of microcredits
The main advantages of microcredits are the speed and simplicity to make the request. The companies that offer them know about the urgency of the money from the clients and that is why they offer credits where you can have the money in 10 minutes. They also know that putting difficulties when making the request makes it to be done more slowly, so they put at your disposal all the facilities to get you, with a simple application form and without having to carry out any type of paperwork.
The requirements they request are minimal, being able to obtain money when it is not possible to obtain it in the banking entities. In addition, in most cases you will not need proof of income or bank guarantees.
Another advantage of micro-credits is that you will not have to give explanations about the fate of money, in addition that these companies have total confidentiality with your data and will not be communicated to anyone. They also offer transparency in their management, showing you at all times your fees, the price you will have to pay for your credit and the day you have to return it.
When to apply for mini-credits?
A mini-credit is a product with very high interest rates or rates, so it is necessary to know when to hire it. It is also necessary to be sure that you will be able to return the money within the established period, otherwise you will have very high interest rates and your level of indebtedness will worsen.
Its most common use is to pay for urgent expenses such as the education of your child, the breakdown of an appliance or a vehicle, paying debts with the estate or the payment of medical treatment. They are also widely used to finance projects where money is needed immediately or it is not possible to obtain it in banks.
Finally, it is common to be requested to finance other types of less important needs that are considered necessary, such as making a trip, buying a vehicle or carrying out a special event such as weddings, baptisms and communions., in which money is also obtained in the form of gifts and it is possible to return the credit quickly.