Online express loans and credits
Has your car had a breakdown and you need to repair it? Do you need to pay something urgently?
If you are in a situation of economic trouble and need to have money right now, applying for an express credit will always be a good option.
In the following article, we detail the following information:
- What is an online express credit?
- How do express credits work?
- The advantages and disadvantages of express loans
- Requirements to apply for an online express loan
- Request an express credit online Is it safe?
- How is it possible to get express money online?
What is an online express credit?
An online express credit can also be recognized under the name of fast or urgent credit.
It is a way of financing and an ideal option if you need to have express money online today.
Currently, and thanks to different and varied financial institutions online, it is possible to request an amount of up to 5,000 USD and all 100% online.
And all in a quick and easy way:
- It is quick to fill in the application form.
- Confirmation of your online express credit takes only a few minutes.
- You can dispose of your money quickly, in about 24 hours or less, depending on the lender.
When you return your express credit online, you can do it in comfortable monthly installments.
These types of express loans can be offered by banks or private lenders, and the characteristics and conditions of each credit may vary between them.
Can I trust Bankate to request an express credit?
Using our comparator is completely safe, since Bankate is a registered company and has all the strict privacy policies.
Hundreds of customers have been satisfied after finding a loan or express credit online through our website.
As main objective we want to bring the credit market closer to our users and we want to do it in a simple and transparent way.
In addition to the advantages, we consider it important to know the negative side as well. That is why we take care to include if there are additional or hidden expenses for accepting certain services.
In addition, our service is completely free.
You can use our list to view and compare the conditions and characteristics of each online express credits. And so choose the one that suits you!
If you are interested in knowing more about us, who we are or how our business works, you can always check who we are on our website.
How to request your express credit?
Time needed: 15 minutes.
In order to request your express credit, you must follow the steps below.
- Choose express credit from our list in Bankate
Once you find the credit that interests you, you will be redirected to the website of the lender where you will have to fill in the application form with economic and personal data. In addition, you can send the required documentation.
- Verification of the data provided by the lender
The lenders will check your financial solvency to know if you can repay the loan or not. Once this verification is done, you will be sent the contract to sign it.
- Reception and signing of the contract
Read carefully all the clauses stipulated in the contract. Sign if you agree. In a short time, you will receive the money in your account.
Frequently asked questions about express credits
What is an express credit?
An express credit is the fastest and easiest way to get the urgent money you need. In addition, it does not require a guarantee and you receive the money immediately only with your valid ID or NIE.
Who can request express credits online?
Any person who is 18 to 75 years old, but this condition will vary depending on the lender. In addition, you must be a resident in Spain.
What do you need to request an express loan?
Normally they will ask you for the following information: email, mobile phone, bank account number, copy of your ID or NIE.
When will I know if my express loans have been approved?
Actually, after sending the application form and thanks to the automatic verification systems, you will have the answer in a matter of minutes. Confirmation can come to you via email or with a text message.
How long will it take to get the money in?
Once you have approved the loan, and depending on the bank you work with, you can have the money deposited into your account in a matter of 30 minutes. Look closely if the lender works with your bank where you have your bank account.
How do express online loans work?
Online express loans allow individuals and businesses to access money in case of emergency or unforeseen.
You can easily receive money in your bank account to resolve any unforeseen or economic emergency that may have arisen.
As the name implies, this type of loan is express, faster than ever.
What do you have to do to request them?
- It is not necessary to present a lot of documentation, in most cases, in order for your loan to be approved, many times just presenting the ID is enough.
- When you have chosen the online express loan and the entity that suits you, just click on the request button.
- Subsequently, all you have to do is fill out a simple form with your personal data and then wait for the contract to arrive by e-mail or sms.
- You can return the express credit money online in a comfortable period of time.
Are express loans profitable?
Express loans are a great option if you need money urgently.
Before applying for an express loan you must read the conditions and terms carefully in order to be aware of the expenses that will be applied.
As Spanish law indicates, all borrowing companies have the obligation to inform you about all interests and fees, APR, and fees that are associated with each loan.
It is the financial entity that will be responsible for determining the total price of your express loan depending on the amount of money you have requested, as well as the repayment term and the conditions that are associated with that specific loan.
One of the most important elements to consider is the interest of the express loan.
The interests of online express loans are usually more demanding than if you request them in a traditional bank, since the maximum amount you can request is less.
Since interest is higher, express loans will be an ideal option when you need instant and urgent financing.
How to choose the perfect express loan for you?
We do not have an exact answer to that question, since the perfect express loan will be the one that best suits your profile, and your financial needs.
Even so, in Bankate we offer you a list of updated and detailed loans and credits so that you can know the offer available in the credit market and find the express loan that best suits what you are looking for.
With our comparator you will save time and effort when having to compare the different types of existing loans and the respective banks that offer them.
We do it for you. You just have to choose!
We know that loans and credits processed through the Internet can bring many doubts and questions. That is why we have created an illustrative financial guide with which we hope to resolve them.
The advantages and disadvantages of online express loans
Express loans are a way to get money immediately. These loans have very advantageous characteristics for those who request them.
Some of its main advantages are:
- To apply for an online express loan, you don’t have to make long lines at the bank
- The request is made online, without having to submit much documentation
- The requirements to apply for an online express loan are minimal
- The answer to your request is almost instantly
- You can dispose of your money even the same day you request it
But like everything else, it also has its drawbacks, such as:
- The repayment interest on online express loans is higher than in other personal loans
- In many cases it is not possible to receive professional help with your loan
Requirements to apply for an online express loan
Before applying for an online express loan, there are a number of requirements to consider.
We show you below :
- You must be of legal age the day you apply for the loan
- You have to be a resident in Spain
- Have a bank account in your name
- Provide a mobile phone number or e-mail in case the borrowing entity needs to contact you
- Have enough regular income to be able to face your loan
Request an express credit online Is it safe?
There are many people who, before applying for a loan online, wonder if it will be safe or not.
Generally, online express loans are just as safe as loans requested through traditional banks.
In addition, in Bankate we take care of offering online express credits that are offered by secure and regulated entities.
Even so, if you want to make sure you can check the website of the borrowing entity with which you want to request an express credit online and look at a series of details such as:
- URL security lock
- Customer reviews and comments
- Check if the entity is registered in the public registry of your autonomous community
- Check if they have a phone number to contact them
We also recommend that you ensure that it is a safe and regulated entity, and will respect your rights as a user, as stated by the Organization of Consumers and Users (OCU).
How is it possible to get express money online?
The possibility of obtaining financing in such a quick way is thanks to the verification systems used by the online lending entities.
These systems are responsible for analyzing and authenticating the identity of the applicant in a few seconds and fully automatically. Hence the immediacy with which express loans are approved.
If you agree to make the request to obtain express money through this type of systems, the borrowing entity will have the permission to access your bank account only with the purpose of verifying that you will be able to face the loan you are requesting.
It will simply automatically check your monthly income as well as expenses or savings.
In addition, they can only access your personal data if you give them permission when applying for the express loan.
Do not worry, today almost all financial institutions that provide their online services use these types of programs.
One of the systems most used by the borrowing entities is called Instantor.
You should know that Instantor is totally safe. It is regulated and complies with very strict data protection regulations.
Even so, if these types of systems do not convince you, you can always submit the documentation yourself. The difference is that the credit approval process so you can get your express money will be slower.
What should you look for when applying for an express loan?
Before applying for any express loan, it is essential that you read and understand the terms and conditions.
So you can know all the associated expenses.
There are a number of details in which we recommend that you look:
- Interest rate
- The commissions
- The conditions and terms of default
In most cases, the interests associated with your online loan will depend on the entity with which you request it, and the purpose you want to give it.
Even so, if something is not well detailed or clear when applying for the express loan, you can always contact the borrowing company and ask for any clarification.
Keep in mind that, that the interest on a loan is lower does not mean that you will pay less. You have to consider the money back deadlines, as it will also influence the total amount to be returned.
How will the entity calculate the interest on your express loan?
In general, financial institutions when calculating the interest on the loan you have requested, will take into account these three factors:
- The amount you have requested
- The period of time to repay the loan
- Your solvency assessment
The interests of express loans are usually higher, since the entity would be assuming a greater risk of default by not requesting much documentation from the applicant.
That is why we recommend that you compare and not accept any loan without having fully understood the contract before.
One factor to consider when calculating the interests of your loan, are the conditions under which you will return your loan.
The number of installments and the term in which you will repay the loan are factors that will directly influence the interest rate. The less installments and the shorter the repayment term, the better the interest of the express loan.
In addition to these two factors, the evaluation of your financial solvency and your credit history also play a considerable role in the total amount of money to be paid.
The higher your risk of default, the greater the associated interest.
Get money right now with express loans with credit institutions
If your name is on the credit institutions or RAI list, you probably have more limited options when requesting a loan.
At present and usually, applying for a loan or express credit online through a traditional bank is not possible.
Due to this impediment, online financial institutions changed this reality, making it possible.
They have become an alternative with which it is easy to obtain financing quickly and online, without having to submit much documentation and regardless of whether you are listed on the credit institutions list or any other.
Maybe you wonder…
But how is that possible?
Being able to apply for loans with credit institutions is possible but the interest rates on these types of loans are higher than those for other loans.
Recommendation from Bankate: Try to settle your outstanding debts before applying for a new loan.
After reading the information provided in this article, we remind you that:
- Express credits are a fast and convenient way to have money.
- In Bankate we help you find the perfect express loan for you. All in an online and totally free way.
- Online express loans are profitable if you need to have money very quickly to cover some type of economic emergency.
- In general, online express loans are just as safe as loans requested through traditional banks.
- Getting express money online is so fast due to automatic verification systems.