If you need to get money in a matter of minutes, with the mini credits you can instantly receive up to 1,200 euros online. Compare among the best offers the market offers and choose the one that best suits your needs.
The main characteristics of mini-credits
A mini-credit instantly with Instantor is a quick and easy way to obtain financing. If we need liquidity urgently and do not want to waste time going to the bank or filling out long applications, the mini credits instantly online can be our solution.
Mini-credits are financing products that allow us to obtain quick money to solve small incidentals that may arise. In a schematic way, we can differentiate them with the following characteristics:
Capital: with these products we can access a capital between 50 and 750 euros if it is the first time we hire them, although according to the entity we can only access up to 500 euros if it is the first time we request it with them, or up to 1,200 euros if we are already clients of a lender.
Term: the repayment term of these products, as their quantity is reduced, is short. The maximum time in which we will have to return our mini-credit instantly will be 30 days maximum.
Cost: the average interest on mini loans is around 1.1% per day, so if you lend us 100 euros to pay back in 30 days, we will have to pay approximately 33 euros in interest.
These minicréditos are instantly reimbursed in a single payment that includes the money requested plus the interest generated. In addition, it should be noted that another of its main features is that they allow us to obtain financing in just 15 minutes from the beginning of the application thanks to the application of new technologies. One of these technologies is explained below.
What is Instantor and how does it work?
Instantor is a company that manages the identification, access, and status of our accounts. Through the technology of this company, the entire economic history of the applicant can be analyzed in a matter of minutes. Thanks to this technology in the form of application, therefore, the process of applying for a credit can be of mere minutes.
The user’s data is automatically analyzed without the need to send documentation, thus providing an agile and fast analysis. The data that these technology extracts are treated with absolute confidentiality, only the loan company will see them and then they will be deleted.
If we are facing an online credit company that ensures that they send money quickly, therefore, it means that they use Instantor technology or another that collects databases with similar volumes. However, as we said, we must bear in mind that, in spite of its great speed, the same characteristics are analyzed as in the analyzes carried out by traditional banks.
When to apply for a quick mini loan?
When we need an extra sudden liquidity. Instant mini loans are financial products created to solve liquidity problems that have arisen unexpectedly. If our economic problems are recurrent, mini-credits will not be the best way to finance us. If we have to face an unforeseen payment, on the other hand, we will be able to weigh your hiring. Some examples of cases in which requesting a mini-credit instantly are:
Pay a fine. When we have to face the payment of a fine, normally, the term in which we pay it will vary the amount of said fine. The early payment, many times, means paying half. That is to say if we want to pay it at the moment so as not to have to pay more, but we do not have the exact money, we can consider asking for a mini loan.
A breakdown If, suddenly, we are surprised by an appliance or the car with a breakdown and we need to repair it at once, a mini-loan can instantly help us with the extra liquidity that fixing it will mean. To avoid having to wait for the next month when we charge and be able to fix it already, we can request financing.
A punctual month that entails more spending. Not all months of the year are the same. Some contain parties and relevant dates that cause the expense to increase. If in one of these months we miscalculate the budget or simply need an extra to be able to face it, requesting a mini credit online can give us that hand we need.
As we can see, a quick mini loan can be the alternative that helps us with any unforeseen event that has left us without liquidity. Of course, we must remember that if the failures of economic management are recurrent, we will have to look for other financing alternatives.
What is the cause of the rapidity of the mini-loans?
Do not be fooled by the speed of a mini online loan, the cause is technology. Through computer algorithms, millions of databases can be analyzed in a matter of minutes. The Big Data, that is to say, all the data, is analyzed by companies like Instantor that are dedicated to establishing a verdict on our economic capacity in a few minutes (or rather, on our ability to repay the loan).
This technology makes it possible for the application of a mini credit to be practical without paperwork, totally online and very fast thanks to the data it collects automatically. Its function, therefore, is to analyze the economic histories of the users. This process is called Scoring because, after analyzing all the economic data of the potential clients, it gives them a score, a score. Therefore, if online mini-credits are practically immediate, it is because such technology can estimate our solvency in a matter of minutes. If we also want to expand our knowledge on how to get fast money online, we can download for free the guide that we attach below.
In the same way, we must bear in mind that thanks to technology, mini online loans do not require paperwork either- open website. As we said, companies like Instantor, owning large databases themselves, do not need us to send them the documentation. In this way, mini-credits instantly without paperwork become a form of rapid financing on request and transfer.
The online credit companies, therefore, do not have less reliable processes than those of traditional banking. As we have seen, both the speed and the fact that it does not require a lot of paperwork is due to the advancement of technology and the companies that are dedicated to analyzing the economic histories of the applicants.
The security of mini-credits, on what basis?
The security, therefore, is not at odds with the speed or with the amount of paperwork they ask for. If we want to detect a secure mini-credit we must look at other factors. Here are some of the most important aspects to consider when we are going to hire a mini loan with Instantor and we want it to be safe.
Do not ask for money in advance. You should never pay any advance management to a legitimate credit company. If any of them has additional commissions (which, as a rule, does not usually occur) they will charge us after granting us the money, never before.
Check the security of our online data. The fast credit companies know that they ask for personal and economic data at the time they request their services. That is why it is totally logical and accurate to think that they have several security protocols. One of the easiest to check is that the address of the web page starts with “https” and has a green padlock. These two details make the difference between a reliable website and one that is not.
The promise to get us out of ASNEF. Finally, if we do not want to make a mistake we must bear in mind that we should not trust any promise about getting us out of ASNEF. No fast credit institution can take us out of ASNEF, nor by paying “additional services”. Only the entity that entered us in the registry will be able to eliminate us.
Can I request a quick mini loan without a payroll?
Yes, as long as we have a certain source of income. If we obtain a payment of some kind we can request mini loans instantly without a payroll if said income is:
Justifiable. The income we receive must come from a legal source. That is to say, that the retribution that we are receiving must be able to be justified legally by means of some official document.
Newspapers We must receive the income on a monthly basis and with continuity over time. If we receive punctual payments, it will not be counted as valid to be able to request a mini credit instantly.
Enough The amount of the income that we are receiving must be greater than the capital that we have requested. The amount we ask for, therefore, should not create us problems of indebtedness when making the reimbursement.
If our income meets these three premises, we will not need a payroll to apply for our mini credit instantly. If we are self-employed, pensioners or we receive the unemployment benefit, for example, we can access this type of financing without having to have a payroll.