Quick money in your wallet for whatever you want

Ranking of the best mini credits

How much does it really cost to get a loan quickly?

Fortunately, there is a wide offer in terms of financial products, so we will have to choose. The cost of each type of credit will depend on its characteristics , very different from each other. To start with, the quick mini-credits have an average cost of 1.1% per day . Thus, a quick loan of 100 euros would generate about 33 euros of interest over a month. Although all financial products are usually compared by the APR, in this case it is not advisable, since this type of loans last one month and the APR is an annual measure.

These quick credits are usually reimbursed in a single installment at the end of the agreed term, that is, the total of the requested capital is returned together with their interest. If we follow the thread of the previous example, we should pay a total of 133 euros. Obviously, the cost will vary from one loan to another based on certain factors , such as the amount or reimbursement period chosen. Here some of the most outstanding mini-credits:

Lender Amount Cost of € 100 every 30 days Minimum age I’m interested
Vivus Between € 50 and € 1,000 € 28 (the first free) 21 years
Apply for
Wonga Between € 50 and € 300 € 29 (the first free) 18 years
Apply for
That good! Between € 1 and € 300 € 27 (10% discount with the code “helpromo17”) 18 years
Apply for

For larger needs it may be better to think of a personal loan , whose annual interest is much lower. These interests are calculated through the TIN and usually move around 8%. However, the appropriate thing is to take into account the APR in this type of loans, since it includes other possible commissions or added expenses. However, these personal loans are somewhat longer to manage , so they are not the best option if you need quick money.

Do I have to fill out a lot of paperwork to get the money fast?

No. Nothing is further from reality. One of the great advantages of quick credits is that we only have to fill out an application, that will be enough . And as soon as the lender approves us, the transfer to our account will be made immediately.

In any case, there are times when the money takes up to 48 hours to reach us. The reason is not the ineffectiveness of the lenders, but rather the waiting time for the transfers themselves. If the exit and entry accounts do not coincide in the same bank, the transfer of money may take several hours to be effective. In contrast, transfers between the same banks are effective in minutes . So, depending on the urgency, it will be a factor to take into account when choosing the company.

The forgotten alternative of credit cards

<strong>The forgotten alternative of credit cards</strong>

Credit cards are one of the most popular financial products for banking clients. Currently it is one of the most common payment methods , as they allow us not to carry cash on top. So if that unexpected event does not come immediately, an interesting alternative is credit cards. They are a good way to get quick and easy money to pay for higher incidentals than usual, because they allow us to pay later , usually at the beginning of the following month.

One of the key factors of the credit card is that it does not save complications , since it is a very simple process. However, it is important to keep in mind that it may take up to two weeks since we requested the credit card until we have it in our possession, and the reason is that we will receive the physical card by conventional mail . The refund formula can be split up as a whole, depending on what is agreed with the bank. If we choose to pay the principal in full at the beginning of the following month, we will not be charged interest. If we pay it in monthly installments, the interest will oscillate around 24% APR.