More and more people are turning to so-called fast online loans in times of economic hardship. These credits grant small amounts and are obtained almost immediately through the internet or with a simple phone call. In times of crisis, they seem to be a quick and easy solution to cover unexpected or urgent expenses.
These credits are a solution as long as it is clear that the amount borrowed must be returned within the established deadlines. Although this premise should be considered as something more than obvious, the truth is that it is not for everyone and the credit becomes a financial risk when not used with common sense.
In the specific case of Avinto, the amount that can be requested ranges from 30 to 1,000 euros and the repayment term is 30 days. Once the credit is requested from the web, the estimated time to have the money in the assigned current account is between 24-48 hours depending on the bank of each one.
The first credit, without commissions or interest
Facing economic unforeseen events is not pleasant for anyone. When that unwanted moment arrives, it is vitally important to find financing quickly and effectively. Asking for an advance at work or resorting to family and friends are the first options that appear... if they are possible.
After that, banks are the most common option, but there are other faster and less bureaucratic ways if you cannot wait, as is the case with Avinto. If the decision is in fast credits, you have to be clear about the differences with conventional credits.
The main one is the difference in amounts. While with a bank credit you can ask for very high amounts, with an Avinto credit it is only possible to request up to €1,000 from a second loan. In the first, the amount drops to €300 and is free of commissions and interest.
Whether they are a solution or a risk depends on you
Before requesting the credit, it is necessary to calculate the amount needed, assess the possible alternatives, read the loan conditions and compare with other entities. Having all this information will make the request more responsible and will avoid financial problems derived from the "I didn't know..."
A fast credit implies a higher APR and it is important to take it into account. Although most people are clear about it, when the time comes for repayment is when they throw their hands to their heads, but the amount borrowed must be returned and so it is signed in the contract.
The website has a simulator in which you can know exactly the amount that is requested and the amount that is returned, so there is no trick or cardboard. The transparency is absolute and everything is duly detailed in the loan conditions.
Before committing to any financial solution, you have to be cautious, consistent and understand well all the risks involved. Planning how the amount borrowed will be returned is never too much so that when the maturity arrives everything is under control. If it is done like this, an Avinto loan is the solution to your economic problems.
Particularities of Avinto
The requirements to apply for a loan in Avinto are very few. The interested party must be over 20 years old, be Spanish or resident in Spain, have a valid DNI or NIE, a mobile phone, online banking, debit card and be free of debts to third parties. The unemployed and pensioners can apply for it, since it does not require a payroll.
Guarantees are not necessary. The aim is to speed up the process and not complicate it with requirements that often prevent rapid financing. Of course, the processing is personal and you cannot apply for a credit in the name of another, no matter if it is a family member.
