Types of Online Personal Loan – Know It All

Loan is a type of credit offered to an individual or legal entity, by a financial institution and upon payment of interest. Generally, financial institutions offer values, rates and terms according to their financial profile. In this case, the amount offered varies from person to person, depending on the profiles analyzed.

Loans are operations regulated by the Central Bank of Brazil, which makes it safe if done with an EasyCrenture partner company. If you borrow money from a relative, friend, or loan shark, you may risk abuse and quarreling. In such cases, be very careful and always prefer to simulate loans with us!

Online Loan vs. Bank

Online Loan vs. Bank

Until a few years ago loans could only be made at banks or street lenders. Today you can simulate, order and even sign the contract online. These are called fintechs , companies that can offer loans through websites and mobile apps.

The big difference between online lending and bank lending is that the first option allows you to do everything on your mobile or computer. When you choose to borrow from the bank, you need to go in person to the manager, for example. With fintechs you do it whenever you want, just access the site!

But can you simulate and send the documents too? Yes! You simulate and know the values ​​you will pay without surprises or fine print ? ! In addition, you send the documents with the help of your mobile camera. You take photos, our system validates if they are true photos and that’s it! No need to carry anything printed at the agency. So we avoid scams (fake document photos) and value your time!

Guaranteed loan

Guaranteed loan

This type of personal loan has the lowest rates on the market you can compare. It is also known as refinancing, where you use your car or home as collateral, so you get very low rates. EasyCredit partners offering Guaranteed Loan can offer you rates from 1.15% per month.

The collateral loan is calculated according to the conditions of the asset (car or home), the amount you want and the amount of installments. Generally it is possible to achieve high values, up to $ 100,000,000!

Who can get secured loan? People without restriction, with a good (car or house) in their name and who need high values. Want to set up a business, take a trip or even a big party? This loan option may be great for you!

Online loans bad credit -It’s easy to request a loan when you have bad credit

At some point in our life we ​​need urgent money and we don’t always know who to turn to. Immediate personal loans have the main advantage of being approved in record time, so we can have the cash available in less than what it would take to complete the bank’s application.

Either to pay a debt, a service or a fee; In order to face expenses of celebrations, to make repairs at home or to pay for medical treatment, fast credits are an excellent alternative. They can help you get around an adverse or unforeseen situation in a matter of minutes.

This modality of immediate personal loans online is becoming increasingly popular in Mexico, due to the speed and simplicity of the entire process. It is not necessary to be a technology expert, since only one device with Wi-Fi connection (own or borrowed) is required.

If you are not familiar with the dynamics of technology, do not worry, because you can ask someone in your environment to help you. There are several private equity companies that are dedicated to offering immediate personal loans to Mexicans and foreigners for years.

It’s easy to request a loan when you have bad credit

These kinds of credits are low amount and fast return,

The idea is to help you solve an immediate problem that can not wait until you pay the next monthly payment or payroll.

They also favor comfort because they can be requested at any time and from anywhere. For example on the weekend or at night. It is “open” 24 hours a day, 365 days a year. The money you request must be related to what you need, therefore we recommend that you make the accounts well before completing the application. Fill out the online form and enter the amount you have decided to order. It’s as easy as that.

Unlike banks, immediate personal loan companies do not require going to a physical branch at a specific time. The automated platform they use is much more agile and faster, and although for many people the internet world is something “dangerous” the truth is that they use the latest generation programs to protect the data of the applicants and that nothing and nobody can have access to them.

If you have any questions about bad credit loans, consult our consultants 24 hours a day at https://pluslend.com/. They are at your disposal to help you with whatever you need.

Immediacy and security of immediate loans

These could be the two words that characterize online credits. In the first place the immediacy since if for some reason you need urgent money, it is the best option compared to the banks, which are extremely slow.

As they require very little documentation, the process of completing and submitting the application is very fast. Then the system is responsible for analyzing it (not a person) and giving the “verdict” in a period not exceeding 15 minutes.

The speed of approval is something really appreciated in a world where everyone is in a hurry and nothing can wait until tomorrow (especially when it comes to debts or money issues). If we have to make a timely payment but we do not have enough liquidity, immediate personal loans are a more than useful alternative.

Once the confirmation is received by email or telephone, a maximum of 24 hours must be expected to receive the money in the bank account that the applicant has indicated on the form. In most cases the money goes into the account on the same day.

On the other hand, information security is a priority for private financial companies. They continually emphasize that since the internet is a platform that can be very useful but also bring problems.

Harrison like ours makes a great effort so that sensitive information provided by customers is kept safe at all times (whether the credit is approved or not). Therefore we recommend that you choose a company that guarantees not only transparency but also the security of your personal data. They need to comply with the national data protection law.

Personal Loan → All information and Request Directly!

Do you want to know more about a personal loan? Or do you want to take out a personal loan? Then you will find more information about this via the table below.

Personal loan

A personal loan is a popular form of borrowing money. This is because at this time the fixed interest rate of the personal loan is lower than the interest rate of the revolving credit. You can already take out a personal loan from 4.1%.

What is a personal loan?

What is a personal loan?

A personal loan is a very popular form of loan, which has a number of fixed characteristics. The most important characteristics of a personal loan are:

  • Fixed duration
  • Fixed monthly charges
  • Fixed interest
  • Extra repayment without penalty

Fixed duration

With a personal loan, you borrow a predetermined amount. The term of the loan is therefore already fixed and you know exactly when you have repaid your debt.

If you have taken out a personal loan, you will receive the total credit in your account. You then pay a fixed amount in installments and interest each month. You do this during a previously agreed term. This duration is usually between six and 180 months.

Fixed monthly charges

The monthly installments have been set, this consists of interest and repayment. You pay the same amount every month. If you pay more in on your loan, you shorten the term of the loan.

Fixed interest

A personal loan has a fixed interest rate. This interest is currently lower than that of a revolving credit, but remains fixed. The interest can therefore not fall further.

When you take out a personal loan, you know exactly where you stand. The costs are all determined in advance. You can already take out a personal loan for an amount of € 5,000.

Does a personal loan suit me?

Does a personal loan suit me?

A personal loan fits you well if you:

  • Want certainty, with end date repayment
  • Know exactly what the costs will be of your goal
  • Want clarity about the costs of financing

It is often recommended to take out a personal loan for expenses such as:

  • The purchase of a new car, camper / caravan, boat
  • Repaying other outstanding loans
  • If you are a homeowner and want to renovate, finance a kitchen, a bathroom, etc. You benefit from a tax benefit, so the monthly installment is gross.
  • Residual debt financing, up to 180 months to close

Not sure if a personal loan suits you? Then we recommend that you first read more about a revolving credit.

What are the costs?

What are the costs?

The costs of a personal loan only consist of interest. The interest rate remains the same throughout the term of the loan. This means you

  • No extra costs
  • No closing costs
  • No cancellation fees

At the bottom of this page you will find some examples.

What are the advantages

A personal loan has many advantages. The most well-known benefits of a personal loan are:

  • Fixed amount: you borrow a fixed amount
  • Fixed interest
  • Fixed duration
  • One-off loan
  • Extra repayment without penalty

What are the Cons

What are the Cons

In addition to the benefits, a personal loan also has some disadvantages. The disadvantages of a personal loan are:

  • Less flexibility: a personal loan is less flexible than a revolving credit.
  • No interest-free deposit, directly on account

A calculation example

In the table below you will find some examples of the total amount that you have to pay with a personal loan. This is a personal loan where the total amount to be paid consists of the repayment and the interest.

Would you like to take out a personal loan? Request a quote now. You can do this via this page. If you want to know more about a personal loan, you can always ask us questions via the contact form on the contact page.

Apply for a mini loan | Take out a small loan online

 

How to apply?

How to apply?

Request a mini loan? That is borrowing money quickly at minimal costs. Applying for a small loan nowadays is simple and fast via the internet. There are several providers where you can take out a mini loan. You just have to compare the providers. By comparing the mini loans you will automatically find the loan that fully meets your needs. Of course you want to take out a loan with the lowest costs and the most favorable conditions. 

Exit via the internet

Exit via the internet

You can easily take a mini loan online behind your computer or tablet, you go to the website of some lenders and compare the conditions and any transaction costs there. Once you have found the provider that meets your needs, you can request a quote from this loan provider. If you have read the quotation correctly, you can return it signed and once the provider has approved the loan application, the money to be borrowed will be in your bank account within a few hours.

Request a mini loan with BKR

 

If you have a negative BKR registration, you can also request a mini-loan. In most cases, the lenders will not perform a BKR check. You must keep in mind that you are extra alert with paying back the mini-loan on time since you will be fined if you are late in repaying the loan amount. Applying for a loan with BKR can generally be done up to an amount of 750 euros, but a BKR test will be carried out.

Apply as a student

Apply as a student

As a student, it is now also possible to apply for a mini-loan. As a student, you must be able to prove that you can repay the borrowed money at the end of the term, but if you cannot prove this, it is unfortunately not possible to take out a small loan. As a student, it is advisable to compare the different providers because there may be a difference in the conditions, so it is important to look at where you can take out a mini-loan at the most favorable conditions and rates.

Apply for a mini-loan without a payslip

Apply for a mini-loan without a payslip

You can also request a mini-loan without a payslip, so if you are temporarily out of work and you need some extra money, you can still apply for a loan. Again, you must pay extra attention to be able to repay the borrowed money.

Where to take out a mini loan?

Where to take out a mini loan?

We have only mini-loan providers on our website that are supervised by the AFM. So you know if you are going to take out a loan with one of these lenders that you are doing this with a provider that complies with the rules. This is such a great idea and especially if you are going to borrow money you want to do this at a company that you can trust.
Borrowing money always costs money, so if you can borrow money from a family member or friend this is always a lot cheaper!

Borrow money for a funeral

Borrow money for a funeral? If someone dies in your area, that’s bad enough. But if the deceased has never taken out a funeral insurance policy, a financial one can be added to the emotional blow. The costs for a funeral are recovered from the surviving relatives. You may not immediately know what the average funeral in the Netherlands costs, but that is quickly € 7,500. An amount that not everyone has. Now it will first be considered whether the amount can be taken from the inheritance, but if the deceased leaves nothing behind, then there is nothing to be gained.

How to prevent this?

How to prevent this?

To prevent your surviving relatives from being left behind with the costs of your funeral, it is wise to take out funeral insurance. You know that the funeral insurer will take care of your funeral to the last detail, leaving no outstanding costs for the surviving relatives. A funeral insurance policy will cost you at most a few euros per month and it will prevent a lot of financial misery.

Borrow money

Borrow money

If it turns out that you as a surviving relative do not have enough financial means to pay for the funeral, there is the possibility to borrow money for the funeral. We can already say that you cannot take out a mini loan to pay for a funeral. With a mini loan you borrow no more than € 1,500, and as we just wrote, a funeral can easily cost € 7,500.

There are two ways to fund the funeral by borrowing money:

Taking out a personal loan: a possibility to borrow money for a funeral is to take out a personal loan. You then borrow the required amount and then pay it off monthly.

Social Service: if you have no work and receive benefits, you can submit a request to borrow money via the Social Service. In that case, a cost estimate will be made by a funeral director. The Social Services must approve this budget and if this has been done then the required amount will be transferred to the funeral director. You can repay the borrowed money periodically to the Social Services or you can have a portion deducted from your benefit each month.

Take out funeral insurance

Take out funeral insurance

Although you can always borrow money if you do not have this to give your loved one a worthy goodbye, it is wise to take out a funeral insurance policy. With this you insure yourself against the costs of your funeral and this is a nice idea for yourself but certainly also for your relatives.

Borrow 300 euros in 10 minutes

Borrow 300 euros in 10 minutes

Borrow 300 euros in 10 minutes

300 euros is an amount that people often borrow when they apply for a mini loan. For many people, borrowing 300 euros seems too small to borrow, but this is certainly not the case. This is because the mini loan is for relatively small loans of this kind. And more and more people are also borrowing 300 euros. You will just need it because the month is just a little too long and you still have to get groceries. In that case you can borrow 300 euros and pay back the loan after 15 days.

Borrow 300 euros without BKR review

Borrow 300 euros without BKR review

Because 300 euros is a small loan, no BKR assessment will be carried out. If you know that you have a negative BKR code and therefore cannot borrow money, this is possible with the mini loan. You must keep in mind that you borrow with your mind, by this we mean that you probably didn’t have the BKR coding for nothing. But once you have committed a financial mistake, it is not the case that you can never apply for a loan again.

Borrow 300 euros in 10 minutes

Borrow 300 euros in 10 minutes

If you want to borrow 300 euros, you want it to be in your account quickly. You would prefer to borrow 300 euros in 10 minutes. Generally this is also possible but this is only the case if you are an existing customer with the lender. In that case, the application for the mini-loan goes very quickly and smoothly and you can borrow 300 euros in 10 minutes.

Lend 300 euros to your account today

Lend 300 euros to your account today

As we already wrote, it is possible to borrow 300 euros in 10 minutes. But if you are a new customer with the mini loan provider you will first have to provide some extra information and this will take a little more time. So if you are a new customer you will borrow 300 euros and have it on the bill today. For most people this is no problem, because there is no other loan form where you can borrow 300 euros so quickly. In general, there is always a rush behind a small loan, but with the mini loan you have to wait a maximum of 24 hours before you have the money in your account.

borrow with a benefit

borrow with a benefit

There are also possibilities to borrow 300 euros with benefits. Thinking about borrowing money with benefits? Yes, that is also possible, you must be aware that the duration of a small loan is short, so consider this if you want to borrow money with a benefit. Whether it is wise to borrow money without a permanent job or with benefits is entirely up to you. Borrowing money always costs money.

How to choose the most favorable loan?

Borrowers may be in paradise, as the terms of the loans are better than ever. What to keep in mind if we take advantage of current favorable offers?

Although interest rates on loans have plummeted over the past few years, caution is still good. It is worth acknowledging that, although we can easily get what we get, the bank money that needs to be returned once.

 

What are our options?

loan options

For a long time, personal loans were a category that many said no. Mostly because it was characterized by a very high APR of up to 15-20 percent. Today we get personal loans at an interest rate like home loans with much more paperwork, foreclosure, and collateral 5-6 years ago.

These loans can be settled within 3-5 days and the loan amount becomes available. Currently, we are getting a personal loan of 6.9 percent, even without collateral and guarantors.

However, there are 20% THM offers today. There is no question that these are not worth choosing when we find much better on the market.

Another good thing to know: It is not only worth choosing a loan to hang on to one number, the THM. Conditions such as whether or not we need to contract a bank product, how long we can repay it, and whether we can resolve it, are just as important as whether interest rates are changing.

 

The whole fix is ​​the real thing

The whole fix is ​​the real thing

Experts warn that fluctuating interest rates are long overdue, which puts customers in a false sense of security. In 2017, people borrowed 45 percent more than in 2016. However, care should be taken if the APR is low at the outset, and if interest rates are not fixed, this may increase over time. And since the downward trend has been going on for a long time, loans will still be pleasant for 1-2 years, but interest rates are expected to rise later.

For this reason, it is worthwhile to take out a home loan with a variable interest rate as well as a personal loan. And if we were to decide on a well-starting, but variable-rate loan, we would have to contract for a longer-term version. In ten years, we will be grateful to ourselves for this choice.