Fast Payday Loans of up to $ 50,000
Fast online payday loans
Complete and updated list of payday loans online with which you can obtain up to 50,000 USD and return it in monthly installments in an easy and simple way. Some of these entities will accept your request even if you are in Financial Credit Institution.
Characteristics of online payday loans
They allow us to obtain loans in installments of up to 40,000 USD to be repaid in monthly installments for which, usually, we will not need a guarantee as a guarantee of payment, and which are usually used to pay for home renovations, vehicle purchases, cancellations of other loans, studies, health and travel among others.
These are the main characteristics:
- This type of loan admits the possibility of making a repayment in installments, which will allow us to have the advantage of paying fixed monthly installments in affordable amounts that are easy to afford. The return period that we have will range from 36 to 96 months, depending on the financial institution that we go to.
- In general, they will not request that we have a guarantee or guarantee of payment to accept our credit request.
- On some occasions, the payday loans that we can contract on the Internet admit requests from clients registered in delinquent files such as Financial Credit Institution.
- Some of these less demanding requirements loans will accept requests from non-payroll clients that can demonstrate demonstrable fixed income.
- Processing is easy and very fast. We can get an answer to our request in a few minutes and have the money in our account immediately if we meet all the conditions that are required of us.
In general, they are highly competitive products with which we can obtain urgent loans and take advantage of their processing and immediate response processes.
Below we show the most outstanding advantages:
- Very agile procedures and concession
- No guarantee of payment
- Undemanding requirements
- Financial Credit Institution supported
What other types of loans can I find on the internet?
payday loans have their own characteristics that define them, such as their amount, requirements or financing conditions.
However, they are not the only financing alternative that we find on the internet, there are products such as mini-credits, mortgage loans and credit cards with which we can obtain other sources of financing.
In all cases we refer to loans for personal use with their own characteristics, which we detail below:
What are the main reasons for using them?
payday loans are used to meet expenses of all kinds. In this way, we can ask for a personal credit to finance the purchase of a vehicle, renegotiate a debt, catch up on the payment of overdue bills, the financing of a work or remodeling, or simply finance any purchase of a considerable amount that we cannot pay. cash.
In the case of payday loans intended for purchases, although vehicle financing originates the greatest number of requests, it is also common to use it when we need to finance household appliances, technological products or even travel, that is, purchases that we should pay in installments.
In addition to financing purchases, payday loans are used to reunify the payment of other credits, when we have no guarantees or payment guarantees. In this situation, this type of credit is used as debt reunification.
Before deciding to apply for the loan, it is important to be clear about why we need the money, with the complete security of being able to cope with your return without problems. For this, it is best to study and compare the financing conditions in the different entities that grant loans.
Entities that grant payday loans
Today, we can apply for a payday loan in a number of credit institutions, other than traditional banking institutions with which we had been doing this conventionally operation.
Although the most common is that we resort to the banking institutions that we know, it is happening more and more that we decide to look for other financing options that are more flexible and advantageous for the client.
To help you in this search task, we provide you with a comparison of the types of entities that offer payday loans, in which we can analyze some fundamental characteristics when deciding which alternative is best for us.
Comparative entities that grant payday loans
Recruitment of payday loans on the Internet, where do I start?
When we talk about contracting a payday loan, we talk about the possibility of obtaining money that solves our financing needs without having to travel, simply and very quickly. But, how do we do it? If you have doubts about the application process for a loan on the internet, we will summarize its process below.
- Access to the website of the lender: we can start the application process for a payday loan by accessing the website of the entity from which we are going to request the loan.
- Choose quantity and term in your simulator: in most cases, credit companies make web simulators available to us with which we can calculate the amount and term of return, and calculate the associated expenses and interests.
- Complete the application form: in which we will provide our personal and bank details necessary for the company to analyze our solvency situation.
- Response of the credit institution: we will immediately know if our request has been approved or rejected.
- Sending documentation: we will be asked to send the necessary documentation to prove the data provided.
- Formalization of the contract: when the credit is granted we will receive a copy of the contract that we will have to return signed, as a sample in accordance with its conditions.
- Money transfer to our account: as soon as the company verifies that the contract has been formalized, the money is transferred to our account immediately.
In any case, before starting the processing process with any entity, it will be necessary to be clear that the entity in which we request the loan is the option that best suits us. To compare and analyze the loan offer you can compare the cheap personal credit offers on the internet available in our list.
What requirements do we have to meet?
While there may be cases where the requirements are more restrictive, they are generally affordable for a large majority.
These are some of the most common requirements that we can find:
- Being a natural person
- Age between 18 and 70 years (depending on the entity)
- Reside in Spanish territory legally and be able to prove it
- Being a bank account holder (Having an IBAN in our name)
- Have a recurring and demonstrable source of income
Apart from this, it is also very common for us to be asked for a mobile phone and an email account to facilitate communication and to have a credit or debit card to expedite payments. In any case, the conditions and requirements necessary to request a payday loan will vary from one company to another depending on its internal policy.
What is the necessary documentation to process your request?
When we complete the application form of an entity that grants online loans, it may happen that they ask us for certain documentation to verify the veracity of the data that we have provided in our application. This type of documents may vary depending on our employment situation, that is, if we are employed, self-employed or pensioners.
It is also important to take into account the following advice regarding the documentation that we provide when starting the application procedures:
- The driving license is not an admissible document in the procedures for applying for a payday loan, so do not forget to provide your identity document.
- The address indicated on the form must match the address registered on our identity document or DNI.
- In addition, it is essential to have the documentation that identifies us in force.
In order not to delay our personal credit application, it is important that we comply with the application guidelines that the different companies require of us. Failure to do so will delay the response and granting of the loan you need.
What is the INE form of a credit?
When we request a payday loan to finance our purchases, or also known as consumer credit, the lender we use will be obliged to provide us with the European Standard Information form, before we sign the contract.
This type of standard form will inform us about the conditions of the loan that we are going to contract. Mainly it provides interesting data to help us decide if this financing option is the most convenient for us.
Among the main data collected by this form are the following: amount and duration of the contract, expenses and interest or penalties.
If you are interested in learning more about the regulation of fast loans, you can access the MilCreditosRapidos Blog and expand the information we offer you.
Expenses and interest on payday loans
payday loans involve a series of expenses such as the payment of interest and the payment of commissions that we will have to face when hiring.
We begin by differentiating the meaning of TAE (Annual Equivalent Rate) and TIN (Nominal Interest Rate). We must not forget that the APR is the rate collected by the TIN expense in addition to other expenses and commissions.
How we have seen the cost of the loan will depend on the interest that is applied in addition to the pertinent commissions. Below we detail the most common types of fees for this type of loan:
Fees and other expenses of payday loans
- Study groups and loan opening: It will range around 0.5% and 3% of the loan capital
- Fees for early amortization: 0.5% if the time for the end of the term is less than one year or up to 1% if there is more
- Late fees
- Notary fees
- Linking products
In any case, we must know that not all entities apply the same expenses in these terms, therefore we can save a lot of money if we find the cheapest payday loan.
Does the term affect the cost of credit?
Yeah As with any loan, the longer the repayment period is extended, the more interest is generated and consequently the more expensive the loan becomes. In any case, many loans allow the possibility of making partial, early repayments or even to pay off the loan in full before the scheduled date without applying penalties.
Below we see an example with indicative data that represents the difference in cost between two payday loans with different repayment terms.
Do I have to contract associated products to approve the request?
No The offer of linked products when we contract a payday loan is a common practice that is widespread in traditional banking and that at the moment is not carried out in companies that offer payday loans on the internet.
In the event that a bank offers us an associated product of the type: credit or debit cards, insurance, or direct debit of income or receipts, it is recommended that we pay attention to our rights, and pay attention to the particularities of the contract provided to us before making any decision.
Before hiring a payday loan, it is convenient to compare all the possibilities and offers at our disposal. And so find the loan that benefits us the most without having to subscribe to linked products that we do not need.
We just have to pay attention to the loan offer, compare and, if necessary, let us be advised by an expert who solves our doubts, if necessary, you can consult us through our chat.
Can I request a payday loan without payroll online?
Yeah In fact, the payroll loans are granted by many companies. They grant credit without the need to have a payroll that guarantees our source of income.
Regardless of the usual age or residence conditions, the main requirement that most private financial institutions grant these loans require is that we have recurring income that we can justify, and for this it is not essential to have a payroll, since we could receive our source of income from an unemployment benefit, or pension.
Therefore, although loans without fixed payroll are a reality, we have to clarify that in any case we will need to prove regular income on a monthly basis.
Will I be granted a payday loan if I am in Financial Credit Institution?
Of course I do. Although in this case the range of options is reduced, since not all financial companies are willing to assume the same level of risk. But as long as some requirements are met, such as the debt for which Financial Credit Institution was entered does not exceed a certain amount or that it is of banking origin, there are entities willing to be flexible and study these cases individually.
Therefore, the possibility of obtaining a payday loan if we are in Financial Credit Institution exists, you just have to find the company that considers that our situation offers sufficient guarantees.
In the case of being included in files of defaulters such as Financial Credit Institution we will be interested in visiting the list of loans that accept Financial Credit Institution
How is the return of these credits made?
Depending on the type of loan, the return can be made in a single payment or through monthly installments.
In general, when dealing with small payday loans, the mini-credits have a short repayment term and are settled by paying in full the amount borrowed plus the corresponding interest and fees. payday loans involving larger amounts are granted for a longer term and are repaid through monthly installments.
As for the means of payment to make the return, it is very common that a variety of options are offered for loans that are repaid at one time, while long-term payday loans are usually returned by debiting the card credit or debit card provided.
Advantages and disadvantages of payday loans
If you have not yet decided whether the financing option that interests you the most is a payday loan or not, here we show you a series of advantages and disadvantages associated with its characteristics to help you make your decision.
Advantages of applying for payday loans:
- payday loans grant amounts that finance purchases or high-cost projects.
- It also offers us the opportunity to postpone your return in comfortable installments.
- The great offer of payday loans that we can contract on the internet allows us to find competitive interest rates among the entities in the sector.
Disadvantages of payday loans:
- Banking entities that offer payday loans may require us to contract some type of related product, such as direct debit, or contract a debit or credit card.
- The rest of the inconveniences related to payday loans, as happens with any other type of loan, have to do with problems derived from non-payment.
“payday loans are an appropriate way of financing to face the payment of purchases or reunification of debts that we could not otherwise assume