Thanks to new technologies, many private equity companies can grant you microloans of up to € 1,200 in just minutes and with very few procedures. Therefore, if you need quick money, on this page, we show you the best microloans without paperwork in the market and we give you several keys that will help you get financing instantly.
How do I get a microcredit without paperwork?
Because of its speed of concession and its agile processing, Payday Loans Online Same Day, No Credit Checks For Bad Credit have become one of the most popular financial products of recent years. With the mini credits, we can obtain relatively small amounts of money in a few minutes without having to present many documents during the process, which is a clear advantage over traditional bank loans. In general, this is what we should do when we want to get a microcredit without doing many procedures:
- Enter the lender’s website We can do it through this same portal by clicking on the “Contract” button of the microloans without paperwork that interests us.
- Select the amount of money we want to receive and the term in which we want to return it. The maximum amount and term vary according to the risk policy of each lender, but in general, companies offer a maximum of between 500 euros and 1,200 euros to be reimbursed within a maximum period of 30 days.
- Fill out the form and send it to the lender along with the required documentation. If the company uses Instantor or another automatic verification system, we will not have to send a single document.
- Accept the offered online microloan. After submitting the form, the company will analyze our profile and, in the case of approval, will offer us a microcredit contract with the requested conditions.
- If we accept these conditions and the lender works with the same entity in which we are clients, we will receive the money in our checking account in a matter of minutes.
This process can be done completely online and will not take away 10 minutes since many financial institutions automate the analysis process and can give us an answer to the request almost immediately. Also, if we make sure that the lender works with our bank, we will receive the money at once.
How to get microloans without paperwork quickly?
In general, the time it takes companies to transfer money from their personal microloans is very short, between 10 and 15 minutes maximum. However, there are several factors that can delay both the approval of the application and the loan income. This delay in receiving the money is due to bank transfers since the transfer of funds between accounts of different banks can take between 24 and 48 hours to complete. Since the microloan entities do not work with all the banks, if we go to a lender that does not have an account in the same bank like us, the money will take longer to arrive.
How does Instantor work in online mini-credits?
The appearance of the so-called fintech companies has revolutionized the financial sector, modernizing the application and management processes and creating new products. In the field of instant microloans, the Instantor application stands out, a tool that allows the lenders to consult the movements of the online accounts of the applicants of financing to check their level of solvency.
By using Instantor, the company can verify that we are who we claim to be and that we have enough income to return the requested online microloan, so it is not necessary to send any type of document. Therefore, with this application, it is possible to get a microcredit without having to do just paperwork and without having to provide documentation, which greatly speeds up the entire process.
To use this tool just select the bank of which we are customers and log in with our user number and password. The lender will be able to consult the movements of our accounts (without being able to modify anything) and, when finished, the application will eliminate our data so that nobody can see them again.
When do I return the microloans without paperwork?
In general, the lenders of mini credits allow you to return your products within a period of up to 30 days, although a few companies will let us amortize them in several months. The most common method to repay the microloans without endorsement and/or without paperwork is the payment of a single installment on the expiration date of the term, which includes all the loaned capital plus the corresponding fees. However, microcredits that can be repaid in several months are usually returned by paying weekly or monthly fees.
If we have liquidity ahead of schedule and we want to reimburse the money in advance, many companies will allow us to do so without charging us any commission or interest that would be generated later. Also, some companies will also allow us to extend the repayment term of their mini loans if we are unable to pay the fee on time, although this service usually has an additional cost.