Urgent loans are a financial instrument that can be very useful in different situations. Above all, now that Christmas is here, the purchase of gifts, as well as food and other celebrations with family and friends, can make your pocket suffer.
However, many people are unaware of their existence or think that this type of financing is not appropriate for them.
For this reason, in this article we will talk in depth about these loans, as well as their typologies and the situations in which they can be useful.
What are urgent loans?
This type of financial product was born with the purpose of offering financing quickly and easily. Faced with the possibilities that banks have traditionally offered, they seek greater speed and a more pleasant processing because they are designed for urgent or unforeseen occasions.
On the other hand, the concession conditions are much more lax, since another of the main objectives is to offer possibilities to those who are rejected by the banking entities. That is, in addition to having a simpler and faster concession, the requirements are less demanding, so that practically anyone who has a financial hurry can access this method of financing.
Finally, it is important to know that the amounts are usually not too high, since this is also part of the design of these loans. They are designed to meet specific needs and this money is returned as soon as possible. Thus, the consumer can get out of the way thanks to the borrowed money and return it quickly eliminating the debt quickly.
In short, this type of product is designed to cover a wider audience and in a more efficient way.
Types of urgent loans
Within these loans, there is a wide variety, each one directed to a different type of consumer. Normally, the main difference is in the amounts that can be requested and the requirements to qualify for the money.
Minipréstamos instantly without paperwork
In this type of loan, the amounts usually do not exceed 700 euros, although the most common is that the limit is 300. These are studied and accepted or denied almost instantly and, if they grant you the money, you will have it available in few hours.
On the other hand, they do not require justification of income, guarantees or any other procedure, since the main objective is that, if you need it, you have the money as soon as possible. Some companies offer up to 300 euros without interest on the first loan and from the first one they start charging them. This can be very beneficial for a punctual hurry, since you will not have to pay too much for having the money.
Minipréstamos instantly with Financial Credit Institutions
Another variable is loans with Financial Credit Institutions. The Financial Credit Institutions and RAI lists are those in which these companies inscribe the people who have left them a debt so that the rest of the entities know that they incur in delinquency.
This situation makes many people have difficulty obtaining financing even when they are solvent, since banks, above all, do not accept those who are registered in this file. For this reason, lenders carry out a study of the client’s profile and only if it is really solvent they give him the money.
Basically, this is because the credit companies have their own scales and ignore the possible debts contracted with other companies. It is true that they will require some proof of your solvency and the study of the application may take a little longer.
However, if you are solvent in a few days you can enjoy the money you have requested.
Mini-loans without payrolls
Another problem that many people have in accessing financing is the fact that they do not have payroll. Currently, it is increasingly common to work as a freelance or have sporadic jobs that do not give easy to have a fixed payroll.
On the other hand, temporary contracts and those that are up to the end of work and service are also usually a hindrance when trying to obtain bank financing. For this reason, online lenders have special products for those who are in these working conditions.
Therefore, to justify your solvency you will only have to attach an extract of your account and you will not have any problem to obtain the money that you need.
Immediate installment loans
Another form of urgent loan is that of immediate installment loans. In this case, the amount requested is usually higher, and can reach 5000 euros in some companies.
The main difference is that when you return the money you can do it in a stable and fractional way, something that in the case of small amounts is not usually so simple.
When can it be useful to resort to an urgent loan?
There are many situations and contingencies in which the lack of liquidity can play a trick on you. In fact, in addition to these holiday times in which spending money is practically inevitable, there are other timeless situations in which you can see yourself at any time of the year. But it may be that when you are in a situation of this caliber do not fall into the possibility of obtaining an urgent loan.
For this reason, we will describe some of the everyday situations in which this financial product can be of great help.
Payment of a fine
Although sanctions usually have a specific deadline to pay and in many cases you can opt for a reduction, sometimes notifications are late and you hardly have time to make the payment before the amount increases.
Well, if you request an urgent loan you will have the money in a few hours and you can avoid the increase or loss of the reduction by voluntary payment. Therefore, if you see yourself in this position do not forget that you have an easy and fast resource to which you can go.
At present, most people depend on different mechanical and electronic devices. Therefore, a breakdown in any of these machines can pose a very serious problem.
For example, if your car breaks down and you need it to go to work, it will be vital to obtain the necessary money to take it to the workshop and resume your routine as soon as possible. In the same way it would happen, for example, with a domestic appliance. If you break the dishwasher, the refrigerator or the washing machine can stand some time, but it is necessary for the day to day that will have to be repaired as quickly as possible.
Finally, we will highlight that if this happens with your computer, the task will be the same. Especially since this device has already become a tool for work or study and is necessary every day.
Therefore, for these situations urgent loans may be the most feasible solution.
It can happen to all of us that, for whatever reason, there is a month that we spend more than the account in a supply and when the bill comes we will find ourselves without money to face it. Certainly, this is something very delicate because it is impossible to live without electricity, water or gas, so to face the payment dealing with these issues is a priority.
But, in addition to a power outage, it may happen that those responsible for the trading company try to seize you, call you creditors or include you in a list of defaulters. For this reason, resorting to this financial product may be the most appropriate solution to get out of this bad drink.
Payment of rent or mortgage
Certainly, the normal thing is that the rent or mortgage payment is something that is counted every month. However, if you fall behind the payroll or any income that you expect or you get an unexpected bill, you might see yourself without enough money to cope with this disbursement.
The first thing you should keep in mind is that a non-payment of the mortgage will give you interest for late payment and that if you delay paying the rent the tenant will be reluctant to renew the contract. Therefore, if you see yourself in one of these situations do not hesitate to inform you about these financial products.
Extraordinary expenses for children
Another of the most common and unstable disbursements that there is in a family is due, mainly, to the children. Parents do not know when they will give the spurt or when they will need glasses. We also do not know if they will need extracurricular classes or if they will have some more expensive excursion of the account.
For this reason, when you see an unexpected of these characteristics, do not think about it and resort to this type of loans.
Last we are going to talk to you about medical expenses. Luckily, in Spain we have Social Security; however, there are certain incidents that this does not cover.
For example, most dental problems are not included; If glasses are needed, this expense is also not covered. Therefore, in case you see your health compromised, you should not have reservations. The ideal is that you resort to this type of financing, you recover and return the money comfortably.
Benefits of urgent loans
Now that you know a lot of information about these loans, we will talk to you in more detail about your benefits so that you understand why they are a very favorable option compared to traditional loans and credits.
The first benefit they offer is the speed of management. If you intuit that this Christmas you will be shorter than money but you have family commitments that will require a payment, you will not have a problem because in less than a day most companies give you the money you ask for.
Both the study of your application and the transfer and availability of money will see that they are really fast.
This is another of the key factors of these loans. Neither at the time of making the request nor at the time that you accept the process will be complicated.
You can have enough tension when you see yourself without the liquidity that you would like on certain dates such as Christmas, so as to have to go through tedious procedures. Virtually all online credit companies will make it easy for you to enjoy these holidays as much as possible.
Finally, we must make reference to the fact that online credit institutions are never going to ask you what you want the money for. On the contrary, this is inconsequential for them.
If you go to a traditional bank and say you want money to spend Christmas in a comfortable way, it is likely that they will not grant you anything. But these companies do not get involved in your affairs. You can ask for what you need without having to give explanations and then return it without any problem.
Is Christmas coming and it catches you with your pockets under minimal? You do not have to worry
As we all know, Christmas is a time of expenses. You get together with family or friends and either buy food or go out to eat at a restaurant. In the same way it happens with the little ones of the house, because there comes a time of gifts and both toys and electronic devices do nothing but increase in price year after year.
It is normal that you see yourself in an economic hurry when these dates arrive; It is usually when you see the price of gifts for your children or relatives when you really know how many invisible friends you are going to participate in and how many meetings with family and friends you are going to have. But you do not have to worry: the urgent loans are designed for these situations because even if you do not have enough money at the exact moment, you can return it when you have it and get rid of your debt.
For this reason, in case you feel that you will not be able to fully enjoy these holidays, do not think about it any more and resort to one of the entities that grant urgent loans to enjoy each moment and take advantage of this period of rest and meeting with yours.