Microcredits Online

Requesting a microcredit is very simple, fast and will help you to cover the small contingencies of the day to day. At Taichi Arts we recommend the main entities dedicated to online microcredits and we also explain how online microcredits are different from other fast loans available.

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Online mini-credit offer

Last update: 11 November 2020
Ranking created based on the most frequently granted loans
7 - 30 days
term
$ 50 - $ 300
maximum first loan
Yes
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
2 - 3 months
term
$ 50 - $ 750
maximum first loan
Yes
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
91 - 120 days
term
$ 100 - $ 1,000
maximum first loan
Yes
? Varies by lender
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
61 - 120 days
term
$ 50 - $ 300
maximum first loan
Yes
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
5 - 30 days
term
$ 50 - $ 1,000
maximum first loan
Yes
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
5 - 62 days
term
$ 100 - $ 400
maximum first loan
Yes
? Up to € 300
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
10 - 34 days
term
$ 300 - $ 500
maximum first loan
No
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
5 - 30 days
term
$ 100 - $ 1,000
maximum first loan
Yes
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
5 - 31 days
term
$ 50 - $ 500
maximum first loan
Yes
free first loan
Yes
? Your debt must not be more than 1500 $
Supports Credit Checker
" APPLY FOR "
2 - 3 months
term
$ 50 - $ 750
maximum first loan
Yes
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
5 - 30 days
term
$ 50 - $ 300
maximum first loan
Yes
free first loan
No
Supports Credit Checker
" APPLY FOR "
7 - 30 days
term
$ 50 - $ 300
maximum first loan
No
free first loan
Yes
Supports Credit Checker
" APPLY FOR "
61 - 120 days
term
$ 100 - $ 400
maximum first loan
No
free first loan
Yes
Supports Credit Checker
" APPLY FOR "

What is an online microcredit

Microcredits (also called microloans , mini- loans or mini-credits ) are small loans that are made through an online financial institution and that require less paperwork than those available in traditional banks. Online micro credits are also considered payroll advances, since their amounts are usually below € 600 and are repaid in a period of 30 days or less , although you can even find immediate loan offers of 1000 us dollars and with terms up to 120 days.

Requesting a microcredit in 2020 is easier and faster than ever and your clients value your quick approval and that in less than 48 hours or less that money is available. It is a customized and immediate financing solution .

In which cases can I request a microloan

The mini-loans online have been designed so that we can solve the burdens of the day to day : an unexpected repair, a purchase that cannot be postponed, a breakdown in the car ... On many occasions we can deal with those unforeseen events with savings, but in others that is impossible. This is where fast microcredits come into play.

This type of financing allows us to get an amount of money instantly from a computer or mobile device, without paperwork and without having to justify anything. This option to get money quickly can help us to face an unforeseen event or a purchase that cannot be postponed , if we do not have enough money saved.

Many entities make welcome offers to new clients , such as the first free credits . Fast credit entities offer us to return only the amount of money borrowed, without paying interest . This option is also offered by some entities as a reward for good customers.

Differences between online microcredits and traditional loans

At Taichi Arts we recommend the best entities dedicated to fast mini-credits online, but what are the differences between online microcredits and traditional loans? Let's see it.

Traditional loans

Traditional personal loans are available in a bank and require paperwork , justifications about what we are going to spend the requested amount on, guarantees and the approval of the entity. This approval can take several days or weeks.

Quick mini-credits online

Fast micro credits have an immediate grant , that is why they are fast and online. Ah! And you should not go to any entity since the financial companies dedicated to personal micro loans work online 24/7.

Another difference is that banks with great difficulty agree to give credit to someone who is part of a Credit Checker file . There are microloan entities that do offer financing to people in a delinquent file. Do not forget that if you do not have a payroll or do not have guarantees, you can also request a fast mini-loan online. Check which online entities allow financing without having a payroll .

Difference between the first mini-credit and the next

The most important difference between the first microcredit and the ones that we can request later is that many entities offer it ' free '. That is, the first free microcredit implies that we will only return the requested money and we will not pay interest . This claim for new customers may be limited, for example, to a maximum amount of around € 300. Although in some companies, such as Solcredito , you can access higher amounts.

In successive mini-credit requests, we will have to pay both the amount requested and the interest within the established period. Some financial institutions of this type offer loyalty programs to those clients who have an impeccable credit history, so it is possible that in the future we can have access to free microcredits.

How much money can I ask for with online microcredits?

The usual thing is that the first microcredit is for an amount that ranges between € 100 and € 300 to be returned in 30 days or even less . More and more entities are offering higher amounts for that first microcredit given the convenience of only using a part and not the whole.

From the second fast microcredit, the amount that we can request increases progressively until reaching the maximum offered by the entity. We advise you to take a look at what each online microcredit entity offers in our reviews .

What happens if I don't pay on time?

The most important thing when you apply for a microcredit or any type of loan is to be sure of being able to return the requested amount . At Taichi Arts we recommend that you always request only the money you need to be able to return it within the agreed period.

why choose microcredits

If, despite everything, it is impossible to return the money requested within the period stipulated with the entity, what we must do is inform the entity of our problem and request the option of postponing the payment or establishing an extension. Many of the microcredit entities and fast mini-loans online offer this option to their clients, but it must be used in a punctual and extraordinary way.

Not returning the installment of a micro loan on time can lead us to a complicated situation, since the interests, penalties and surcharges for non-payment or delay can begin to accumulate and increase the amount to be repaid , until we have a considerable problem on our head .

Apply for a microcredit with Credit Checker. Is it possible?

Yes! It is entirely possible to apply for a loan online being in a file of defaulters such as RAI or Credit Checker , one of the points that explains the popularity of this type of custom financing.

Being in a file of defaulters implies having the tap of traditional bank financing practically closed. Microcredit entities and immediate online personal loans relax their requirements to be able to include a person who is in Credit Checker or RAI.

The conditions in this case may be somewhat different than those of a person with an impeccable credit history. This is not always the case, but to access an online microcredit you may have to provide a guarantor or a property that guarantees the payment of the debt contracted. On the other hand, you must bear in mind that being in a delinquent file implies the existence of an unpaid debt.

From our website Taichi Arts we want to remind you that the best way to get out of a delinquent file is to pay off the outstanding debt before contracting another debt. We must always avoid paying off debts by contracting a new debt and make sure the problem does not stop growing.

Credit Checker microcredits are designed for people who deserve a second chance and get ahead after a bad streak, be it due to a bad decision or a dispute with a private company. The fast microcredits online are there to help you.

Microcredits without payroll

For those people who do not have a payroll domiciled to their bank account, there are microcredits without payroll, that is, they do not require this type of document. The best thing about these financings is that they are very useful for unemployed people or with seasonal jobs .

Actually, the requirements of a microcredit without payroll are very simple and most of the lenders just have a proof of monthly income, which can be the collection of a benefit such as unemployment, scholarship, retirement , etc.

A mini-loan without a payroll is an excellent opportunity for those who do not have a stable job or for students who need to cover rent, services or tuition expenses. Some of the companies that offer microcredits without payroll are Solcredito , Vivus or MoneyMan .

Requirements to request a microcredit online

Depending on the entity and the type of client we are, the requirements may vary for the same amount . Here we explain what are the basic requirements to request a mini-credit

  • You must be of legal age and under 70 years
  • Have a residence in United States
  • Possess a valid DNI, NIE or Passport
  • Have an active mobile phone number and email
  • Be the owner of a bank account
  • If we are in Credit Checker, it is possible that some entities will not allow us to access a microcredit or request a guarantee.

What are the steps to apply for a mini-credit online

The steps you must take to apply for your microcredit online are:

  1. Enter the website of the financial institution
  2. Indicate in the simulator the amount you need and the time in which you are going to return it
  3. Click on 'Apply Now'
  4. Register or access the system with your username
  5. Fill in the online form and submit it
  6. A customer service operator will contact you to formalize the details and conditions about the microcredit
  7. In a few minutes you will receive the approval and, if it has been approved, the money will be transferred to your bank account

How is a microcredit verified online?

Most of the time it is done over the phone, but online verification tools such as instantor , Kontomatic or Pich Verify are becoming increasingly popular. These tools are connected with our bank and allow us to create credit histories for the last months or years that serve financial institutions to speed up the request for money. Thus it is possible to get money in just 15 minutes or even less .

Frequently Asked Questions about Online Microcredits

For some users, an online microcredit may be a new and unknown process, therefore, we have compiled the most common questions about this type of financing:

1️⃣ When will I know if my microcredit application was approved?

Once you submit your request, the companies will send you a response within minutes . If you used a credit search engine, you will receive all the proposals that accepted your application, with which you will have to choose the best one for you. On the other hand, if you contacted a lender directly, you will receive their response.

2️⃣ Do I have to do any formalities in person to obtain a microcredit?

When we tell you that the procedures are 100% online , we are not exaggerating. From the comfort of your home, on your computer or mobile you can manage your financing and payment of installments. Forget about wasting time in bureaucratic procedures.

3️⃣ How do I obtain the mini-loan contract?

In the online mini-credit mode, a digital contract is drawn up that is sent by mail with the approval of your application. It is ideal that you read all the credit conditions so that there is no doubt about the fee you must pay or the interest. If you agree, you must sign it and send it to the company email.

4️⃣ How long will it take for me to receive my microcredit?

Once your application is accepted and you sign the digital contract, the time it takes for the money to reach your account will depend a lot on your bank and the day the agreement is made. If it's a business day, it might arrive instantly or in a couple of hours . Otherwise, it may take up to two days to arrive.

5️⃣ Can an extension be requested in a microcredit?

Yes, if you think that you will not be able to pay any of the installments in the corresponding term, it is best to contact the customer service center of the lender directly . In most cases, they grant extensions and favorable conditions so that you can finish paying your debt.

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