What options do I have to contract fast loans by phone?
Most of the companies that are dedicated to the loans have adapted to the new technologies and allow us to get all kinds of quick credits with the mobile phone. These rates vary among them in their amount, cost and term of return . Thus, we can differentiate three large groups with which to get financing from our s martphone :
- Mini-credits: granted by private equity companies, the mini-loans will allow us to get up to € 750 if we are new customers, with an average cost of 1.1% per day and a maximum return period of, generally, 30 days. This product stands out for its speed, being able to count on the money in our account in a few minutes.
- Quick loans : there are lenders that also offer larger loans (up to 5,000 euros) to the mini-loans, with lower interest, but with a longer term, which can range from 3 months to four years. These are loans that we can get in a very short time and without changing banks with a cost of around 6% per month.
- Personal loans online: some banks and EFC (Financial Institutions of Credit) offer us the option of obtaining financing in a record time for amounts that reach € 60,000 in some cases. Its cost revolves around the national average documented by the Bank of Spain in its latest study at 8.83% APR and have longer repayment terms than those of the previous products, since they can reach 10 years.
Depending on our financial profile and our financing needs, we will have to choose one option or another among those previously mentioned. Mini-credits and quick credits can save us from an unforeseen expense in minutes, while personal loans will help us finance major projects such as a reform, a wedding or a big trip.
The technology of the quick credits that you can request from your mobile
The increase in demand for this type of financing not only lies in the change of our lifestyle, but also in its enormous adaptation to the technological revolution that the world is experiencing. This adaptation has focused on two aspects, the speed of the concession and the comfort for the client and has done so in the following ways:
- Online application : all the urgent credit companies that appear on this page allow us to carry out all the hiring online with the help of our smartphone .
- Lenders have resorted to algorithms that will analyze our financial history in seconds. In this way we can achieve preapprovals almost immediately.
- Many companies have developed their own applications from which we can request financing by simply downloading them from Google Play or App Store from our mobile phone.
Thanks to these improvements in your service, we can get financing in a matter of minutes and only with our s martphone . In this way, we will avoid many paperwork and have to move to an office for your application.
How to request quick credits by phone?
Most of the loan companies have adapted websites to be able to visit them from and request quick loans our mobile phone with their apps , so we will only have to enter them and follow the following steps:
- Choose the amount and the term: lenders usually have a calculator on their website where we can choose how much money we want as well as the term in which we want to return it. Once selected, they will show us the cost of the credit that we want.
- Fill out the online application with the personal, labor and economic data required by the company to which we have requested financing.
- Contribute the documentation: depending on the type of quick credit that we request, we must send the documentation by email, mail or, in the case of mini-credits, whatsapp or sms.
- Receive the contract and accept its terms and conditions in case it has been approved. This step can be done through the mobile, in an ATM or in person depending on the type of loan requested.
Once we have completed these steps, the lender will make the transfer of the money to our account and in a maximum of 48 hours we can count on it. These terms of analysis and transfer of money were unthinkable not many years ago, but the adaptation of the lenders to the digital age have made them possible.
Requirements to be able to request fast loans by mobile
Logically, we can not request fast loans by phone without meeting a series of requirements that all lenders demand for the granting of financing . These requirements vary depending on the company to which we are requesting, but all coincide in a series of basic needs:
- Be of legal age and resident in Spain : although many companies will require that we have more than 21 or 25 years. As for the documentation to be provided, our DNI or NIE will suffice if you are not born in Spain.
- Have a sufficient income and be the holder of a current account : this way, the lender will know if we are able to repay the loan and where to enter the granted money.
- Do not appear in a file of defaults : although there are companies that do grant quick loans with ASNEF , most lenders reject people who have incurred defaults, especially if these come from another loan or the deferred payments of a credit card .
With these three requirements met, we will be one step closer to getting a credit by mobile. In addition, this information can be easily provided thanks to new technologies, making the processing process much faster than
How long will it take me to get a quick credit?
There are many factors that determine the speed with which a credit will be granted ranging from the time of sending the documentation to the transfer of money . In the case of quick credits by phone, all will arrive in less than 48 hours from our pre-approval.
However, mini- credits and fast online credits win the race by making us count on the money in a matter of minutes. This time may be affected by the transfer of the capital to our account. If the mini-credit company that we have requested works with the bank where we have our account, the transfer will be instantaneous, even on weekends.
If, on the other hand, we contract financing with a lender who does not work with our bank, the money can take between 8 and 48 hours to arrive from your request. This is due to the fact that transfers between different banks depend on their opening hours and will never be made on weekdays or holidays. If you want to know how to accelerate the arrival of the money, or with which bank the lender works to which you want to apply, this free guide can be of great help to us:
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