• Editor's rating
  • 4 star rating
  • 80%
  • Insta-loan
  • Review by:
  • Posted on:
  • Last modified: 4th September 2017

Have they put a fine on you and you don't know how to pay it because it has thrown your entire budget out of adjustment? Do you have a meal with friends at the end of the month and you don't want to miss it? Things always come together in the end and sometimes it is difficult to get to everything. The unforeseen is what they have.

You hardly make it to the end of the month and on top of that, unforeseen events arise such as having to pay a fine or the like. The worst of all is that you don't know where you are going to get the money and asking a bank for it is difficult, they take a long time, there are too many paperwork ... In addition, the amount of money you need is not so great that you want to start all of them the procedures that banks require.

So why not resort to a mini-credit company online? It is a solution that may interest you to get money quickly and without complications. If you just have to face an unforeseen event that you can pay next month, this type of mini-loan is for you.

Who is behind Créditorapid

Creditorapid is an entity that is dedicated to granting mini-loans of up to € 500 (only € 200 if you are a new client) quickly and very easily. Everything is done through the internet using a very simple system, you only have to perform three steps and it will not take you long.

  • Once your credit is approved, you have your money in the bank account in 10 minutes.
  • In addition, you do not need any endorsement or guarantee to request it.
  • Our advice: think that the mini-credits should not be used to pay previous debts. You must understand them as the way to have liquidity to face certain setbacks. You have to be sure that you can cope with your return.

For your security and peace of mind we will tell you that Créditorapid is a Spanish company that belongs to the company Protocolos y Servicios Financieros SL whose headquarters are in Marbella. In addition, it has other subsidiaries in other countries such as Latvia, Lithuania and Poland.

As you will see, it is not a company of unreliable lenders or credits that ask for your house as collateral or similar. But to clarify any possible doubts you may have, we are going to continue to take a closer look at how Quick Insta-loan loans work.

How Créditorapid works

Through its simulator you can select the amount of money you need. If you are not yet a client, you can request a maximum of € 200. If you are already a customer € 500. The return period is a maximum of 15 days. You can check the interests of Créditorapid automatically, since they are calculated for you as you select the amount of the mini-loan.

So that you understand it better. If you need € 100 and you must pay in 15 days (it indicates the exact return date) your mini-credit will cost you € 125, with € 25 interest. You can consult a list of their costs, in which they indicate the amount, the duration and the corresponding interest. That is how easy you can know how much money you should return and on what date. But how does it work?

How to apply for mini-credits

Don't worry, because the steps are very simple and you will complete the loan application in a maximum of five minutes. From the approval of your application, the money is transferred to your bank quickly. Shall we start to request a mini-loan at Créditorapid?

  1. You must fill out the form on their website .
  2. Send a copy of your ID, a receipt from your bank or the first page of your savings book. In this way, they verify that you are the owner of a bank account. Even so, when they receive it, they will call you to confirm your information.
  3. Insta-loan sends you an email confirming your registration and application : They evaluate your request and will inform you by SMS if they have accepted the granting of your loan.
  4. The mini-credit is entered into your bank account. You will receive a password to be able to access "my account" and request future loans more quickly.

The money transfer will be immediate if you have a bank account at BBVA, Banco Santander, Bankia or Unicaja. If this is not the case, it will take a little longer to have your money, but it will be 24 hours at most.

As we have mentioned before, the process is simplified to request next loans. If you are already a customer, you can request another loan by accessing the "my account" area of ​​their website or by sending an SMS where you indicate: word "CREDIT" + password (they provided it in an email when registering) + amount you want. As simple as that.

The requirements to apply for mini-loans

Insta-loan does not require any collateral or collateral to apply for its small loans. Of course, there are some requirements that you should take into account, although as you will see they are minimal:

  • You must be between 21 and 70 years of age.
  • You must be domiciled in the United States, have a bank account and a mobile number. It is important that the applicant is not registered on any list of defaulters because this will make it difficult to obtain the mini-loan.
  • It should be noted that only one loan can be requested per person and per address. Once you have paid your mini-credit you can request another without problem.

You see that the process is quite easy and fast!

Return of borrowed money

Repaying your loan is as easy as processing the application. You must make a deposit, or a transfer, to one of the two Créditorapid accounts (BBVA or Santander). It is necessary and important that you indicate your ID in the concept to identify who the payment belongs to, since otherwise it will not appear that you have returned your mini-loan.

Créditorapid knows that setbacks can arise that make it difficult for you to pay your debt within the established period. For this reason, it gives all its clients the possibility of being able to extend the return of the mini-credit for another 15 days.

Request an extension of the mini-loan

  1. Enter their website in the "enlargement" tab.
  2. Indicate the amount of your mini-credit.
  3. The figure that appears in red (result) will be the amount that you have to pay into one of the Créditorapid accounts.
  4. Put in the concept your ID and the word "extension".

You must bear in mind that the 15-day extension will start from the expiration date of your credit. For example, as we saw previously: if you request your loan on November 1 for € 100 to be paid in 15 days, the amount to be returned is € 125 on November 15. If you ask for an extension, you must pay € 25 before November 15 to increase the return time. In this way, you will have to pay the € 125 of your mini-loan on November 30.

If you are not sure of being able to return the mini-credit, do not ask for it, since the penalties for non-payment are very high. In this case, Créditorapid will penalize you with up to 20% of the amount that has not been paid, as well as all the expenses generated by reminders of payments via SMS, email, letters ...

Anticipated cancelation

The good thing is that you can cancel your mini-loan without having to wait for it to expire and without any type of penalty from Créditorapid.

In addition, you have a period of 14 days to finally accept the mini-credit. That is, you can carry out all the procedures, know how much your loan will cost you and when you have to return it without any type of commitment. You may have a period of 14 days to accept it definitively. If for any reason you decide not to proceed, Insta-loan will not charge you any commission.

Customer reviews

The most remarkable thing, in terms of the opinions of the clients of this company, is that they do not ask you for any endorsement, payroll or other type of conditions to request one of their mini-credits. In return and to partially assume the risk that this entails, Créditorapid has slightly higher interest rates than other competing companies.

Users also highlight that they do not ask you to have recurring monthly income, as other financial entities do. That is why Créditorapid is the best option for those who do not have a payroll, unemployment benefit, pension or similar.

In addition, Créditorapid has the “online trust” seal. This means that its operation and practices on the Internet have been analyzed and studied based on compliance with an ethical code in order to guarantee the client the maximum trust.

Now that you know how to pay that unforeseen fine or the repair of your car, it is up to you to request this extra money that you need from Creditrapid or look for another option.

CALL TO ACTION BUTTONS: Apply for loan

Perhaps before making your decision you want to consult information on other financial entities that also grant microcredits:

www.creditomovil.es

www.bigbank.es

www.cashper.es

www.cetelem.es

www.fundingcircle.com/es/

es.crosslend.com

www.cofidis.es

www.contante.es

www.creditocajero.es

www.creditonuevo.es

www.dineo.es

www.gedesco.es

www.dispon.es

www.kredito24.es

www.iwoka.es

www.Kyzoo.es

www.okmoney.es

www.pepedinero.com

www.quebueno.es

www.savso.es

www.twinero.es

www.viaconto.es

www.vivus.es

www.prestamo10.es

www.wonga.es

www.cochego.es

www.ingdirect.es

www.agencianegociadora.com

Insta-loan summary

Summary: With Insta-loan you will have fast mini-credits for a maximum value of € 200 to be repaid in 15 days. The repayment period is shorter than in other mini-credit companies, but in turn this means that the interest to be paid on your loan also they will be minor.

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