Welp - Opinions, advantages and requirements

term 1 - 48 months
age 18 - 75 years
maximum first loan $ 50 - $ 7,500
free first loan No
Supports Credit Checker No
Early return Yes

Advantages and disadvantages of Welp

  • Welp has its own technology to evaluate the customer's credit profile.
  • Responsible customers are rewarded with excellent benefits.
  • The customer service staff is efficient and oriented appropriately.
  • The online loan processing is very fast.
  • Advance payments of financing are allowed.
  • You have the opportunity to renegotiate the payment of your fees.
  • The service is available 24/7.
  • The platform does not have a loan simulator
  • People registered with RAI or Credit Checker cannot apply for these loans online

Welp is a financial entity that manages money loans 100% online. Although their interest rates are quite high, they have a high loan approval rate . This means that in minutes, you can apply for your Welp credit and receive approval almost instantly.

In the company you can request loans of € 2000 . Do you want to know the opinions of Welp credits? Next, we bring a complete review on the advantages, disadvantages, and opinions of the services of the fast loans in Welp.

Welp Loans: Company Information

The company was created in 2014 in Argentine lands under the Fintech Welp platform. It was not until 2018 that it began its operations in Barcelona and Madrid under the NIF A67194746 and the Wenance Lending firm. Currently the credit institution has more than 80 thousand clients.

Credit offer

Welp personal loans are simple and straightforward financial products that can be managed by anyone. Next, we will describe its main product.

offer description

The credit institution is characterized by the speed of its processes, leaving aside the bureaucratic procedures. This means that anyone who meets the conditions and requirements can receive approval for their loan in minutes . However, to mitigate risks, the entity has one of the highest rates in the market. This compared to other companies in the same field.

The main characteristic of the company is the speed of response. The credit application process at Welp is done 100% online through its platform , and it only takes a few minutes. This procedure is very flexible and can be done without time restrictions.

Interested people can apply for immediate loans from $ 50 to $ 2000. The company offers you the possibility to decide how much money you want to request and in what period of time you need to return the money.

Also, if you need advice on the service, the customer service team will be at your disposal to answer any questions. The requirements and conditions are not complicated at all. However, it should be clarified that fast credits with Credit Checker are not granted. However, if you appear in the delinquent file, other financial entities grant credits with Credit Checker .

welp spain

What is the financing term at Welp?

Fast online loans have flexible payment periods. Borrowers have the opportunity to pay back the money in a period of 1 to 15 months . In addition, you have the autonomy to decide in how many installments you can pay the loan.

One of the benefits of this credit institution is that there is no rigidity in the financing terms. When a client wants to pay in advance for quick mini-credits, with just an email or a call they can make it happen. Additionally, it is possible to restructure the refund, if necessary.

Interest rates on Welp loans

Fast online credits are calculated based on the APR rate. This rate can reach a maximum percentage of 3564.42% . Likewise, the TIN rate that could reach 420% is charged.

APR Max 3564.42%.
TIN Max 420%

Suppose a person requests $ 400 to repay in three months. At the end of the term you have to pay $ 482.54, with monthly installments of 160.85%. Therefore, the APR rate applied was 213.84% and the TIN rate 120%.

However, if you do not need a large amount, we recommend that you take a look at Wandoo loans or Dineo credits that offer the first free loan for new clients.

How to get a credit in Welp loans?

Welp provides its clients with the entire procedure to obtain personal loans. In just 5 steps you will have completed the application process . You just need to register and meet the loan requirements. We will describe the details below:

Requirements and conditions to apply for a loan

  • Residence in United States.
  • Age from 18 to 75 years.
  • DNI / NIE in force.
  • Have a bank account in your name.
  • Have a mobile and email.
  • Generate sufficient and recurring income for the payment of credits.

Loan application process

  1. Enter the Welp online platform : Click on the "Request your credit" button.
  2. Complete the form : A form will appear on the screen that you must complete and send in order for your credit to be calculated.
  3. Choose the payment term: You must choose the most convenient number of installments to make the refund of the borrowed money.
  4. Payment day and month : Indicate the day and month for the payment to be made when directing your card.
  5. Approval: When the financing is approved, you will receive an email with all the details of the credit.

Welp Final Opinions

Welp opinions are not the most favorable. This is because their rates are one of the highest on the market. However, those people who need money urgently, without going through bureaucratic processes, consider that Welp is a good alternative, thanks to its speed.

Welp United States - Contact

? Welp phone: 911 43 63 90
? Email: [email protected]
? Hours : 8:00 a.m. to 9:00 p.m. from Monday to Friday.
Saturdays 1:00 p.m. to 6:00 p.m.

Frequently asked questions - Welp Loans

⭐️ Can I apply for a loan if I am a self-employed worker?

If you can. As long as you have demonstrable income and meet the rest of the conditions and requirements, your application can be processed.

⭐️ Can I apply for a loan if I am in Credit Checker?

No, the company does not grant credits to people who appear in Credit Checker or RAI.

⭐️ Can I request two loans at the same time in the entity?

No, to apply for a new loan you must have paid the previous loan in full.

⭐️ How long does the loan application process take?

The process is very fast. In approximately 5 minutes you will have filled out the application form.

⭐️ Can I request a loan at any time of the day?

Yes, you can do the application process 7 days a week and 24 hours a day.

Comments (4)
Leave your comment

  • Komentarz od Daveade77
    27.10.2020, 12:36

    Can I request a loan of 1000 us dollar if I am on erte and I collect 850 us dollar per month?

    • Komentarz od María García Pérez
      10.11.2020, 14:28
      Maria Garcia Perez

      Good morning, in this case you can apply for the Welp loan but we also want to emphasize that the granting of the Welp loan is subject to evaluation of several factors by the lender. We also invite you to consult the ranking of loans of € 1000 .

  • Komentarz od ari
    30.08.2020, 19:21

    Q time it takes for the loan to arrive. How do I know that I have been approved?

    • Komentarz od María García Pérez
      31.08.2020, 06:13
      Maria Garcia Perez

      Good Morning! In a few minutes you will receive the response from Welp (via email or receiving a call) and, if approved, the money will be transferred to your bank account. The loan will take 15 minutes to arrive but it can be up to 48 hours depending on the cut-off time of your bank.

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