There are occasional occasions when you need extra liquidity. For that, there are the money loans with which you can solve any unforeseen. That’s why, on the next page, you can compare for free and get the best offers of quick money loans that offer you liquidity in minutes.
Entities where to contract a quick money credit
When we are going to hire a quick money loan we have different types of entities to go to, depending on the amount we need, the return period and our economic profile. It is important that we know the characteristics of each one in order to choose the most suitable for our needs.
- Banking entities: for a few years, they began to grant quick money loans, since the rise of private fast-credit companies meant an increase in competition and had to adapt to the circumstances. Currently, they offer the possibility of granting a loan in 24 hours, although they usually require that we be clients and have a certain seniority with the entity.
- Private financial companies: this type of companies are usually those that grant loans more quickly since the process of requesting, analyzing and transferring money is done online and with very few paperwork. The ability to offer an agile process to the user is its differential factor with respect to the bank, so they try to offer the maximum possible comfort.
Knowing the entities to which we can go to obtain financing will help us to make a wider comparison and be able to get the installment loan that best suits us- GAD info page. For example, if what we need is financing for a new mobile, surely large stores will allow us to obtain credits with better conditions.
The 3 types of urgent money credits nowadays
Generally, fast loans are considered urgent loans that can be obtained within a period not exceeding 48 hours between the application and the deposit. According to this classification, there are several products that would be within the definition of a quick loan, although the most known and commercialized are those that we show in the following list:
- Mini online loans: loans that allow us to obtain small amounts to solving small incidentals. They will allow us to access up to 600 euros if we are new customers or up to 1,200 euros if we are already customers. They are requested and granted in a matter of minutes thanks to the fact that their application, analysis and granting process is completely online and automated. They are reimbursed within a maximum period of 30 days and have an average cost of 1.1% per day.
- Quick loans of a greater amount: there are also private lenders that offer quick money loans with amounts that can go from 3,000 euros for larger projects to solve unforeseen problems. Your speed is between 24 and 48 hours since we made the request and get the money in our account. They are also requested online and it is not necessary to have links or seniority to get them. They are reimbursed in terms superior to those of the quick mini-credits and their cost is around 6% per month.
- Conventional bank loans: as we have mentioned, banks also offer quick loans although the offer of this type of products is more limited since we can only access them if we are already clients with a minimum of seniority. They allow us to obtain amounts from 3,000 euros to finance different projects. They usually take around 48 hours or, sometimes, just a few minutes. They are reimbursed in monthly installments and their cost is around 9% APR.
On the other hand, we must also know that banks offer other financial products with which we can get fast money with which we can finance our purchases at the moment, such as payroll advances, credit cards or pre-granted credits. Although, as we have already mentioned, to be able to access this type of financing, we must be customers.
When will I receive quick money loans?
Currently, we can do the whole process to request and get an urgent money credit in a time that does not exceed 15 minutes. However, this has not always been the case and, although we can now acquire quick loans in a few minutes until a few years ago we used to need weeks to know if the loan had been accepted.
With the financial crisis, conventional banks began to lack liquidity and reduced the granting of loans, greatly hardening the requirements. This fact made many people unable to access loans with which to deal with emergencies and basic needs. However, taking advantage of this new context, many private financial companies came to our country offering quick money loans that, mainly, stood out for providing liquidity in a few minutes.
These urgent money credits mean that today we can enjoy financing in a few minutes with minimal paperwork. Specifically, many of these entities offer us the possibility of contracting to finance in a quarter of an hour. Faced with this competition, banks have launched into this market and also offer quick money loans, although, generally, they are not usually as fast as private lenders.
Is it possible to hire fast money loans online?
The arrival of the financial crisis helped the market settlement of private lenders. However, this was not the only factor that led to the rise of private equity entities. These lenders knew how to adapt to contemporary society and began to market to the online world. That’s why, at present, we can get online loans with all the private lenders that are in the market.
Regarding the application process, each entity has its own and establishes the steps it deems appropriate, although, in general, the majority usually ask us to do the following to apply for quick money loans:
- Enter the amount and the term that we want in the loan simulator of the corresponding entity. Instantly we can know the total cost of the product.
- Complete a quick and short form with our personal data, with which each lender will study our credit profile.
- If you pre-accept our request, we will have to attach the necessary documents to the entity. Subsequently, the paperwork that each lender establishes before signing the contract and disposing of the money will happen.
- We will send the contract by email which we must read carefully and, if we agree with the clauses, sign and send again to the entity.
When the entity receives the signed contract, the contract has been formalized and the transfer of the requested capital will be sent to us automatically and automatically. Being an automated process, it will not matter if the credit is formalized on weekends since the transfer will be made as well.
What influences the speed of a fast credit online
If we want to obtain a financing product in a matter of minutes, there are a number of factors that we must consider before applying to ensure that the money reaches us as quickly as possible. Normally the entities carry out the money transfer at the moment in which they receive the signed contract. However, the money will not always reach our account at the same time. This is because, although transfers between equal accounts are carried out instantly, transfers between accounts of different banks take longer to be formalized. Since the lenders do not have current accounts in each bank in the country, if the entity where we request quick money loans does not work with our bank, the money will take between 24 and 48 hours to arrive.
Tools to get a faster loan
Although this type of financing products tend to have a fairly agile process, there are some tricks that can help us to further reduce the waiting time in the granting of quick money credits. If we follow the advice that we explain below, we can hire a loan with speed and without having to wait for the paperwork.
- Use fast transfer systems: some fast credit companies offer customer services to collect cash at ATMs, which is a system that allows you to send a code to the user to dispose of our money at the moment and without having to enter a credit or debit card.
- Use Instant: an application that allows us to access our documents from the mobile and in a matter of seconds, which helps to speed up the waiting time during paperwork.
- Use Trust: this automatic service collaborates with 90% of the banks in Spain, so it has the capacity to increase the speed of fast money loan transfers between banks and allows them to be carried out every day of the week at any time.
By following these tips, we will increase the chances of getting quick money credits instantly, no matter when we request them, as we save the inconvenience of transfers between accounts that are not from the same bank.