Within the current financial market, there are several entities that are capable of granting fast loans practically at the moment. Below we explain who can grant you an instant loan and what steps you should take to get financing in a few minutes.
What products allow you to get money instantly?
As there are several entities that have decided to digitize their concession processes, we can now get credit instantly through various financing products. Let’s see which are the most outstanding and what conditions each of them offers:
- Mini online credits: these products are non-bank loans with which we can get about 1,200 euros maximum in a matter of a few minutes. In general, they must be returned in a maximum of 30 days by paying a single fee. Their interest is usually around 1.1% per day, much higher than that of other loans, but in return, their requirements are much more flexible and their granting process is practically immediate.
Private fast loans: if we need money with great urgency, we can also contract an instant loan through companies that grant credits of larger amounts to be repaid in several monthly installments. In this case, we can get several thousand euros to return up to 48 months and at a somewhat lower interest than the mini loans.
Pre-granted loans: our bank can also grant us an immediate loan, although only if we are your clients and we have a good profile and history. The products that allow us to obtain instant bank financing are the so-called pre-granted loans, which are personalized offers that banks make to customers with proven solvency. The amount and maximum term of these loans, as well as their interest, is pre-established by the bank itself.
In addition, we can also get an instant loan if we use a credit card because these plastics allow us to obtain financing instantly to make any payment. In this case, we will have two ways to return the money arranged: either through a full payment at the end of the month (without interest) or through the payment of periodic installments, in which case an interest of around 25% will be applied. TIN
How to get a credit instantly?
Currently, both banks and private companies that operate through the Internet can grant us an instant loan if we need money with great urgency. However, as the process of requesting and contracting these products may be delayed due to several factors, it is very important that we follow all the recommended steps to the letter in order to not take more time from the account in order to have the credit. Let’s see what is the most common procedure that will allow us to obtain an immediate loan:
Click on the “Contract” button of the product that interests us to access the lender’s portal. We can also enter the web pages of several companies and fill out their application forms, as this will increase our possibilities of concession
Fill in the application form of the instant loan with all the required data (ID, monthly income, recurring expenses, etc.). This step will not take more than about 5 minutes.
Use an authentication system (Instantor, Pich …) to verify the information provided. In this way, we will not have to send the documentation and the analysis of our application will be much faster.
- Sign the contract Once we have the final approval by the entity after having verified the information, they will send us a document with all the conditions and clauses of the contract that we must read and sign if we agree with them.
If we have followed these instructions to the letter, the company will issue a response almost immediately and, in case of approval, will transfer the credit money instantly. Of course, during the process, we can not give any wrong information, because in case of doing so the company will find out sooner or later and will deny our request.
Are quick credits always entered in minutes?
Although it is true that we can get an instant loan through different entities in minutes, not all of them will pay us the money in a matter of minutes, because there is a factor other than them that can cause delays in receiving credit: the time it takes in transfers between different banks.
Therefore, if we ask for financing from a company that works with our bank, we can obtain their loans in 10 minutes or less, but if it does not have an associated account in our entity, it may take up to two working days to be able to have the money, that is, 48 hours.
In what cases hire an instant loan?
Payday loans via Paydaynow website are products that can help us a lot in specific moments of lack of liquidity because they allow us to obtain financing in a matter of minutes and without having to fulfill hardly any requirements. For example, if a breakdown arises in the home that requires an immediate economic response, a fine or an unexpected bill. On the other hand, they are products that can be useful in times of great expense such as Christmas, summer or back to school.
However, its price is usually higher than that of conventional loans, so it is only advisable to use them if an unforeseen economic situation arises and we can not postpone spending, and as long as we are sure of being able to cope with their return correctly.
On the other hand, we should not hire an instant loan to finance a costly projector to face a recurring expense, because we would run the risk of becoming more indebted to the account and, even, of not being able to make the reimbursement, which would result in the application of penalties for delay.
An immediate loan with ASNEF, does it exist?
If we are registered in a file of defaults such as ASNEF, RAI or EXPERIAN, we will find it much more complicated to obtain financing, whatever the type. However, we can currently use different private equity lenders that offer the possibility of obtaining instant loans with ASNEF.
These products offer the same conditions as any other quick credit, although we must be aware that they will require us to comply with two additional requirements that, in most cases, will be the following:
- The debt cannot be linked to any product or banking service.
- The non-payment does not exceed the maximum amount established by the lenders
In any case, to obtain more information about how to get credits if we are registered in ASNEF, we can download the free guide prepared by our experts in credits ” What rights do I have if I am in ASNEF”. With this tool, we will solve any doubt or question that we have pending.