The mini loans are the solution to the economic contingencies when we are in the delinquency files?
Many are the users who ask us every day for these small loans that accept users included in the registers.
In today’s article we will answer the three main questions that readers ask us about this product:
- What are mini loans ?
- How to apply for mini loans without payroll?
- What requirements should I meet for these small loans ?
We will give due attention to each one of them and we will try to be as clear as possible and thus be able to offer a clear and concise answer.
Before we start, we want to make clear that we are talking about a high-risk financial product and that in some cases it carries a rather high interest compared to other traditional financing products.
But to be honest we also have to say that some online lenders offer these mini loans without interest and without commissions.
Let’s start with the first question and the one that arouses the most interest.
What are mini loans ?
The mini loans are small loans granted to users who are in the registers or in the file. These range from € 50 to € 1,000, with a repayment period that can vary from 10 days to 36 months.
As we have already said, the amounts of these miniprestamos reach, in most cases, up to € 1,000.
But this is not the case in all cases, some online lenders extend these financial products up to the amount of € 5,000.
Does this mean that any user who is in the can request one of these small loans?
The answer is very clear … NO, not everyone can have access to this financing, in our section of online loan we explain in more detail because this is so.
There are certain requirements that must be met in order to have access to one of these mini loans safely, if we do not want to have problems we should not ignore them.
There are people who believe it is impossible to borrow money if you are on a delinquency list, this is mostly because banks deny any application that is affected by these records.
We do not mean that traditional banks act in bad faith, it is true that being on a delinquency list is 89% evidence of being a bad payer.
As financial experts we understand that the mere fact of being on a list of bad debts does not mean that we are necessarily bad payers, sometimes we end up on one of those lists without even knowing it.
So it is important to learn to differentiate two different types of delinquency, and we say that it is important because it depends on whether our application is accepted or not, and these types are the following:
- Default for non-payment of a financial product, such as a credit or a credit card.
- Late payment for not paying or timely receiving a receipt for supplies such as electricity or telephone bill.
For lenders there is a big difference between group one and group two, so much so that if you are in the group one will only grant you a mini loan if you put a guarantee of payment.
To give you an example, if you are in the for not paying a credit card and now you need to request € 2,000 for a medical review, your only sure option to get that money is with a secured loan that accepts that you are in a file late payment
It is very likely that if we learn how to make a family budget and adjust to it our personal and family economy will benefit and we can avoid situations of economic risk.
Now let’s focus on learning to apply for one of these mini loans that accept , we will help you and guide you through each of the steps to follow.
How to apply for one of the mini loans without payroll?
To request a mini loan and without having a salary, what you have to do is follow the following steps:
- Decide how much money we need
- Choose the lender with whom we will request it
- Fill out the application form
- Read and accept the mini loan contract
With these four steps you will have completed your application and you will only have to wait for the money to enter in the bank account you specified when filling in the form.
There are many things to keep in mind when we are seriously thinking of applying for a mini-credit from the Internet, the first thing is to decide who to apply for.
If it is the first time that you only pay your mini loan then you will get it totally free.
But do not forget what we mentioned above, these financial products should not be used without understanding how they work or what they should be used for.
When you apply for these small loans you are incurring a debt and if you do not comply with the payment agreement you have agreed upon, you will incur serious penalties.
On the contrary, if you are a responsible person and you comply with your contract, then you can benefit from money when you need it most.
But of all this we will speak a little later and we will go into more detail.
A mini loan and no payroll means that I do not need to have income to apply for it? …
Yes, you need to have income and this income has to be recurrent, it is not essential that they are for a payroll, you can have income for retirement or for a pay or any other kind.
The important thing is that the income is recurring every month.
Let’s see now what are the requirements of the mini loans and how can you fulfill them.
What requirements should I meet for these micro loans ?
The requirements to apply for a micro loan are the following:
- Be of age
- Be residing in Spain
- Have a bank account in a Spanish bank
- Have recurring income and be able to prove it
- Have a telephone line in our name
- An email account
These 6 requirements are the most important when filling out an online application for a small loan .
We have talked to you about the main requirements of the micro loans and this will help you to get yours, but you have to keep in mind more things.
The lender will always have the final say on whether or not to grant one of these financial products.
If you want to have the maximum possibilities to have your application approved, it is important that you have some things in mind.
The first thing is that the forms are important, by this we mean that you do not show desperation or excessive need for granting the micro loan , show yourself calm.
It is also very important that you can explain what is the reason why you are registered in any of the delinquency lists.
You do not need to give many explanations, just say which company you registered and what was the reason and how you plan to solve it.
Remember that when applying for a financial product you should not seem desperate nor should you expect favors from the lender companies. It is important that you act correctly and that you show that you are a responsible person.
Taking into account that every detail is important before, during and after making your request for a mini loan you must prepare correctly.
Now we will see what you need to know before starting the application process.