A credit is a loan of money that gives a financial institution to an individual or company with the condition that it is returned within the defined period and with the interests and additional costs previously agreed. There are many types of credits but the one that interests us most at this moment is the fast credit.
The “easy credit” and fast is a type of loan marketed by financial institutions of private capital, offered to the applicant with a low amount and flexibility in the repayment terms. These loans have become today a very interesting product to solve small liquidity needs of a more urgent nature.
These immediate credits have many advantages over regular personal loans. Its concession is almost immediate and can be easily contracted through the Internet. Many financial institutions such as banks and savings banks offer quick loans to their clients or anyone who pays their payroll. But the interests of these loans although a priori seem lower may have a higher final cost. If you need to be advised in a broader way than this introductory article, I recommend you visit www.topcreditos.es where you can expand this information.
That’s why the most recommendable are the quick loans that can be ordered online and without having to change banks. As for the amounts that can be requested, these range from credits of 300 euros to a loan of 10,000 euros usually. Although there are where they offer juicier amounts as credits of up to 30,000 euros, but of course, here the terms for returning the loan are usually 6 or 7 years.
The quick credit gives the opportunity to finance a maximum of 30,000 euros to be repaid in 6 years, and the nominal interest rate goes from 8.75% if the payroll is domiciled. The opening fee is 1.50% and the commission in case of early cancellation is 1%.
The cash loan also offers up to 30,000 euros to be repaid in 7 years if contracted from the branch or up to 15,000 euros if requested online. The interest rate is 8.99% and the commission for cancellation of 1%.
Next I will talk about three of the entities that most people talk about in relation to the quick loans easily requested by Internet.
It is a company known for its vehicle loans, both to acquire a brand new car and second hand, which offers from 8% nominal annual. It’s maximum financing amount is 100,000 euros with a maximum repayment term of 8 years.
We offers a personal loan of up to 10,000 euros to return in 5 years and with a nominal interest rate of 9%. The commission for opening is 1.75% while the early cancellation assumes a commission of 3%.
Bankil offers a loan of 6,000 euros with a term to repay it for 4 years at an interest rate of 10.4%. This type of credit has the characteristic of the so-called revolving, which means that as the applicant returns the loan, it is reinstated again to his credit account, which provides him with more capital without having to ask for a new loan.
To request a quick credit the documents that are required are usually quite limited, there are even times that they do not even ask for them. When they do, this is what they will normally ask us for:
- Photocopy of the payroll or pension (or even an invoice that is in our name, such as for example the telephone bill whether mobile or landline).
- Photocopy of the bankbook of our current account or a receipt.
Easy credit is a good solution to get quick money to solve any extra or unexpected expenses we may have. Although it is also necessary to warn of its drawbacks, the one that should concern us the most is the issue of interests. In general, most of the companies that grant this type of urgent loans ask for very high interest, which sometimes is a problem when the individual has to return it.
For this reason it is very important that the loan applicant is sure that he will be able to repay the loan in a short period of time. Yes for example we have to take care of an unexpected expense and we do not charge for a week until a good alternative is to ask for an easy loan, since when we pass the payroll we can cover this debt. If we do not have an income in sight, we should not request a loan since the interest will increase each day that passes.
Request a loan of 600 euros or 1,000 through the Internet is quick and simple, and are amounts that can get us out of financial trouble at any given time. The ease of requesting them and the speed of having the money in the account is undoubtedly a point in favor to resort to these fast loans entities.