Credits have always given people the opportunity to solve problems that arise at certain times. These generally required meeting a series of requirements and were approved in a few days, even months, depending on the amount of money requested.
With quick loans the matter changed exponentially. Nowadays, these are carried out to cover urgent unforeseen events due to the ease with which they can be accessed, without the need for paperwork and having the money available in the bank account in just 24 hours.
The truth of the matter is that choosing this method inevitably leads to making very high interest payments, based on what traditional banks generally handle. However, they will help you solve a setback, so it will be worth the sacrifice.
The conditions, regarding the minimum and maximum amount, the terms and the waiting time for approval, are established according to the company with which you decide to establish the contract. Within them, we can find:
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Minimum amounts ranging from 50 euros and maximums that are capable of exceeding 50 thousand euros.
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The payment terms range from a few days to a large number of months that ultimately become years. For example, if the maximum term is 48 months, that is the same as saying 4 years.
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Possibility of managing everything online without needing, not even once, to be present in an office.
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They are established outside the traditional banking sector.
Requirements to apply for a quick loan
Even though we have already mentioned that no type of paperwork that becomes tedious is necessary, there are certain requirements that are necessary to meet in order to obtain a positive response to a quick loan application.
The first thing to know is that they are only available to people who are of legal age and who are residents in Spain. To verify these points, a digital request is made for a proof of identity document, such as the DNI.
It will also be necessary for the applicant to have a bank account and an email address. In addition, it is common to request the mobile phone number to maintain contact with the client in case of any eventuality.
Another issue that is noteworthy is that these quick loans do not have a specific purpose. This means that they are useful for people to do what they need with the money provided, not like in the case of car loans, which can only be used for this purpose.
Now, in case you have a bad reputation as a credit agent for making payments outside the deadlines or, in fact, never having made them, you could be included in the ASNEF list of defaulters and make your process much slower.
To combat this, the best thing is to sign up for urgent ASNEF loans. These are precisely what they seek, to help you solve those economic inconveniences, even when it may seem that you do not have the capacity to face the payments. Of course, you have to be very careful to comply with all the appropriate payments to avoid major inconveniences.
Companies that give options to clients on ASNEF lists also comply with the conditions described above with respect to normal loans, that is, more or less the same minimum and maximum amounts, and similar payment times.
Keep in mind that maintaining a good reputation in credit matters is not a matter that benefits the lender, but rather it is an element of interest for users, so as you improve in reputation, the better your chances of getting good credits.
