Has a higher electricity bill reached you this month? Any expense that you did not contemplate and that comes at the worst moment? ...
Those bills that throw us out of budget, those urgent arrangements that have to be made, those months when everything comes together ... There are many situations in which you may need extra money urgently. Your family and friends are almost worse off than you and you can't ask them. There is the option of the bank, but it is so difficult for them to grant you a loan that you almost prefer not to even try.
Also, you don't have so much time to waste filling out all your forms. You need quick money to cover that unforeseen expense and you need it now. It is in these cases when Ok Money becomes one of the best options to help you. We tell you why.
What is OkMoney
Okmoney is a Spanish company that belongs to the world's leading group of microcredits DFC Global Corporation. Its mission is to facilitate mini-loans of up to € 600 to be repaid in a maximum of 30 days and giving you the possibility to choose between 7, 21 or 30 days.
Best of all are the low requirements and speed of your system . In less than 24 hours you can have money in your bank account, saving you the queues and paperwork typical of banks. From the beginning you will know the amount of interest to pay, there are no surprises at the end of the process. Furthermore, by belonging to the Spanish Agency for Microcredits (AEMIP), you have the guarantee that its service is transparent and responds to good practices.
How Okmoney works
- Select the amount of money and time in this simulator . You will immediately know the interest you have to pay for your online mini-credit.
- Send the form once you fill it in with your personal data.
- Ok Money will send you an SMS to verify your mobile phone.
- You must provide your credit or debit card number.
- Have your money available in a short time, if your request has been approved.
It is as simple as choosing the € 200 you need to return them in your simulator, for example, in 21 days. You instantly know that the total price of your mini-loan is € 250, € 50 corresponding to interest and APR.
As in any other company that grants mini-loans, the first loan is limited to an amount. In this case € 300. As you demonstrate your responsibility regarding the repayment of your mini-loan, Okmoney's confidence in your creditworthiness increases and you can request larger loans. The maximum limit is € 600.
Requirements to request your mini-loan online
It is important that you take these requirements into account, otherwise your mini-credit will be denied. Read them carefully and, if you comply with them, you will have no problem receiving your money quickly.
- Age between 18 and 65 years.
- Permanent residence in United States.
- Have ID.
- Have a mobile number.
- Have a credit or debit card.
- Minimum monthly income of € 500.
- Have a demonstrable job.
- Not be enrolled in any list of defaulters.
OkMoney makes it easy for you. To pay your mini-credit, you can do it by bank transfer or through a debit card by accessing the Customer Area section of your website. Make sure there is enough balance in your account on the expiration date of your term to avoid last minute unforeseen events.
You have to take into account how long the transfers from one bank to another take if you are going to use this means to pay off your debt. You must indicate your reference number + ID so that they can correctly identify the return of your mini-credit. But what if you need more time?
You need more time to pay your mini-loan
You may not have enough cash when the term in which your loan expires. Without really knowing how, the date has arrived and you don't have the money. Do not worry. Ok Money gives you the option of being able to extend this period up to 30 more days. You have the option of choosing to have 14, 21 or 30 more days. Of course, this increase in the term will have a cost that will depend on the amount of your loan and the chosen repayment term. This way, you can count on more extra time.
Penalties for non-payment of the online loan
If the date on which you have to repay your mini loan arrives, do not do so, Okmoney will apply various delay costs. You will have to pay all the expenses incurred.
If after a while the amount of the credit is not returned, this financial institution can transfer your personal data and those of your debt to the Credit Rating and Fraud Prevention Agencies. This means that these companies will be in charge of collecting your debt. On the other hand, this type of action will harm you, since you will not be able to request another mini-credit in this company or in any other.
The penalty will be 7% of the amount of your outstanding loan, with a minimum of € 10 and a maximum of € 50. Days 7, 25 and 55 will be applied counting from the maturity of the loan.
The first premise when applying for a mini-loan online is to have a clear and planned way in which you are going to repay or cancel your mini loan. You should not use it to pay off other debts or as a long-term financial solution.
What customers say about Okmoney H2
Ok Money is a very good option when you need extra money quickly. It helps you solve those sporadic liquidity problems that arise. Its simple system and the transparency that define it make the support of one of the most important companies worldwide in the granting of mini-credits such as DFC Global Corp.
Other financial entities H3
Maybe you're still not sure where to ask for your money online, and you want to evaluate other options before deciding on one. Don't worry, it is not easy to make an important decision. In addition, the alternatives to request a mini credit are wide. We invite you to obtain information from the following companies, to choose well where to request that extra money that you need so much:
- Mobile credit : fast online credits up to € 700
- Bigbank : personal loans up to $ 10,000
- Cashloans : mini credits in one hour up to € 500
- UsBank : a personal credit in 2 minutes up to $ 30,000
- Fundingcircle : online loans
- Oakparkfinancial : financing without endorsements
- Cofidis : Direct credits up to $ 6000
- Cash : money advances up to € 500
- Creditocajero : fast money up to € 300
- New Credit : instant credits up to € 600
- Paydayrelay.es : fast mini- loans up to € 300
- Gedesco : Money in 24 hours with car as collateral
If you are or have been an Okmoney customer, we would like to know your opinion. Other people who are about to request their credit online need to know if your experience has been satisfactory. We would like you to share it with us in the comments. You dare?
Summary: Do you urgently need money to pay the dentist bill or your children's school expenses? With Okmoney you can quickly request a credit of up to $ 600 and return it in 30, 21 or 14 days. The sooner you return the money, the lower the interest to be paid, but they give you the flexibility that you can choose the term that best suits you.