New mini credits
In today’s post we will shed some light on the so-called new mini-credits, although in reality they have been with us for some time.
This product has its peak when, with the arrival of the recent crisis, back in 2008, it arises from the need to be able to bring loans to individuals and small businesses, as banks met almost overnight with a large number of flats coming from foreclosures, to which it could not give exit.
The solution is simple: if they stop obtaining income from mortgage collection and the only asset practically available to the bank is the sale of foreclosed apartments, and there is also a saturated market because the other banks are already doing the same and, In addition, the offer far exceeds the demand, they just have to stop giving loans to balance their accounts.
This is when these financial institutions appear (that do not banks) that offer this type of new mini-credits that are characterized by being of small amount (from 50 USD to 300 USD, although there are some that offer more money) and with a fairly repayment term short (5 to 30 days)
In addition, the requirements and documentation requested are considerably less than what is requested in a traditional bank.
New mini-credits, how to request them?
The application process for new mini-credits is very simple and is done completely online.
At the bottom of the page you can see the financial ones that grant new mini-credits with the most important data of each one (maximum amount of money to request, maximum term to return the mini-credit, whether or not they accept clients with delinquent records in Financial Credit Institutions, rai, etc…)
When you see the mini-loan that suits you best press the “Simulator” button and you will go to the financial website. There you can choose the money you need, the deadline to return it and the total amount of the new mini-credit.
Later they will send you to a form to fill in the personal data so that they contact you (by email or phone) with the approval or not of the operation.
From here we recommend that you fill out the form of several or all financial, so you can then choose between those that have approved the grant of the mini-loan, the one that suits you and less interest charges you.
Are new mini-credits reliable?
Although there is less and less, it is true that for a while there have been fraudulent companies that were dedicated to deceive customers taking advantage of their needs. That is why we strongly recommend that you do not trust any company that asks you for an amount before enjoying your new mini-credit.
In addition to creditosrapidossin.com we only work with reliable financiers and with several thousand new mini – credits granted per day in Spain. You just have to worry about requesting your new mini-credit and submit the documentation that you require online. If we advise you to ask for what is strictly necessary, since these types of mini – loans have a slightly higher interest than traditional credits and should only be used in a timely manner.
New mini credit when I still have a current one
This is a question that many readers ask us and we will get out of doubt: If you request a mini-credit from any fast mini-credit, we will not be able to request a new mini-credit until we have paid the first. But if you can ask for another mini-credit from another company of those listed above and have 2 mini-credits open at the same time, although we have to calculate that we can return them on date so they don’t charge us penalties.
New mini-credits Advantages and disadvantages
Here we summarize in a table the main advantages and disadvantages of requesting new mini-credits
- Procedures from home online
- Virtually no paperwork
- Concession Speed
- Amount not very high
- Small return term
- Higher interest
WHAT REQUIREMENTS DO WE NEED TO GET NEW MINI CREDITS?
It depends on the financial one, but most ask you for things as basic as:
- The National Identity Document (DNI)
- Be of age
- Be the holder of a bank account (so that they make the deposit and can charge the return amount)
- A mobile number to contact you
- Some ask for an email in case they have to send you documentation.
- Some financiers consult late payment records such as Financial Credit Institutions or rai and may deny the mini-credit.