Although the term microcredit was initially used to designate a low-cost financing system for poor borrowers from India, this term is now used to describe a type of quick loans for amounts of less than 1000 Euros granted by financial institutions. Private capital.
Some synonyms of microcredits are mini loans or mini-credits.
Although each company has its characteristics, most microcredits have things in common:
- Loans without endorsement
- Without changing bank: transfer the money to a bank account number with which you already work
- Quick Credits: you can have the money in your account today
- Online application
- No paperwork
- No hidden costs: in most cases, you can know the total cost of your mini-loan clearly and easily as soon as you start the application
Mini secure online loans
Hiring a microcredit through the Internet is completely safe whenever you choose a trustworthy company. The online mini-credit companies are regulated and we apply multiple security systems to prevent fraud.
Although microcredits do not hide commissions or hidden costs, it is important to read the contract well and make sure that we have understood everything before hiring anything. In addition, you must know that until you have accepted the contract, you are not committed to anything, so you can request several free mini loans in different companies online and then choose.
How are microloans requested?
A common feature of all microcredits is that they are hired online, since these online companies operate through the Internet through simple websites. This makes the process much easier, comfortable and, above all, fast, since the procedures are much faster. In most cases the process to follow is the same: enter the amount and the deadline, fill out the form, send the documentation and accept the microcredit.
Once we have given our acceptance, they will make a transfer to our account and we can start enjoying the money in minutes.
Each company has its processes, but in general one of the characteristics of microcredits is that they are very quick to obtain, and we can usually have the money in our account on the same day we request it, sometimes in less than 1 hour if At the time of requesting the credit, many requests are not being made.
In short, it is a system similar to microcredit but on a large scale, with the substantial difference that these are practical because they are based on small amounts that can be covered with recurring accredited income, such as a payroll or pension, while Those who request larger amounts do not usually receive such amounts on a regular basis, and a delay in the arrival of the money can cause them to lose their vehicle having received an amount lower than that which would have been obtained through their sale through traditional channels.
How much money can I get with an urgent microcredit?
Loans of less than 1,000 euros that meet the conditions that we have cited are designated microcredits. Although some online companies offer these amounts, we must bear in mind that, usually, they are returned within a period of 1 or 2 months, and if we ask for so much money later it will be very difficult to return.
Responsible fast microcredits : get easy and fast money
Do you need to ask for credit online to cover your needs? Request now up to 300 euros if it’s your first time and start enjoying it in a few minutes. request microcredits