• Editor's rating
  • 4 star rating
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  • Gadcapital
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  • Last modified: 15th July 2018

A mini-credit of € 300 for only € 5?

If you have received a bill that you did not expect, you need to fix an appliance, if you want to treat yourself to a getaway or simply need extra money in a timely manner, you are in luck. Do you know Gadcapital and its system of instant microloans?

Gadcapital is a financial company that grants € 300 mini-credits for only € 5 to its new clients. And as confidence in your customers increases, the benefits grow.

Its system is based on a trust rating, the higher this rating, the less interest is paid and the greater the amount of money that can be requested. Once you are already a customer, you can request up to € 600. In addition, Gadcapital gives you the option of being able to return it in 60 days . Twice as long as most of its competition. Everything is done through the internet in a few simple steps. In this way, you can have your money in just 15 minutes.

What is Gadcapital?

Gadcapital has been issuing financial products since 2007. It is based in London and was named 'number one company' by the Sunday Times newspaper by listing the fastest growing technology companies in the UK. It has offices in other countries such as South Africa and Poland.

Thanks to customer satisfaction and the service it provides, Gadcapital has become one of the credit companies best valued by users. They use an automated system to assess applications almost instantly. In this way, they ensure that they grant the mini-loans to those people who can actually pay them. For this reason, transparency is one of its essential requirements. They don't want to surprise their customers at the last minute. They know from the beginning how much they will be paying for their mini-loans.

How does Gadcapital work?

The system is as simple as:

  1. Choose the amount you need and when you want to return it. Remember that if you are a new customer, you can only request € 300, otherwise the maximum will be € 600.
  2. Fill in the form, indicating your personal information, account number and bank card.
  3. You receive an SMS approving or denying the mini-loan.
  4. If the request is approved in 15 minutes, you have the money in your bank.

As you read. It is that simple and without deception. You can know the costs of your mini-loan from the beginning to be able to organize yourself and not have to assume economic situations that you cannot face. For example, if you want to order € 220 to return them in 40 days, the price will be € 225. Remember that for being a new client your mini-credit will cost you only € 5.

Who can request a mini-credit with Gadcapital?

  • Residents in United States.
  • Adults.
  • Holder of a bank account and a debit card.
  • Have a mobile number and email.
  • Justify fixed income.

Gadcapital wants to make sure that it provides a mini-loan to those who can actually afford it. That is why they send each applicant three documents that must be read. These are:

  • SECCI standard: European regulations on consumer credit.
  • The particular conditions.
  • Gadcapital general terms and conditions.

Once you have read these documents and are aware of what it means to request a mini-loan, you should go ahead with your request only if you know that you will be able to pay it on the chosen date.

Can I extend my return period?

If for any reason the date on which you have to return your mini-loan arrives and you cannot, Gadcapital gives you the option of requesting an extension for it. Enter your client area, before the expiration date, and request a postponement. You can request two extensions at most. Never being able to exceed 30 days from the date of your term. That is, you can extend it for at most one more month. If your mini-credit expires on March 30, you can postpone it until April 30 at most.

Of course, everything has a cost. The price of each extension is € 15 plus the deferral interest indicated in the conditions of your loan.

How can I repay my mini-loan?

Gadcapital will charge your amount directly to your debit card. Or you can also pay it by deposit or bank transfer to one of the banks that Gadcapital works with. In this case, you must indicate your reference number of your loan. You will find this information in your user area or in your loan confirmation email. You must bear in mind that many times the transfers are not immediate, especially when they are between different banks. For this reason, it is better to do it a few days in advance.

Can I return my mini-credit sooner?

Yes. Also, if you do, you save money since you pay only the interest you have had up to that moment. It's fair enough. You only pay for the days that you have enjoyed the money.

What happens if I don't pay off my mini-loan?

If after the two extension options that they provide you, you cannot pay your mini-credit within the established period, Gadcapital will impose a penalty of € 20. In addition, it will charge you daily interest that will depend on the customer rating you have. This interest is indicated in the conditions of your loan.

Gadcapital provides all kinds of facilities so that its clients can face the payment of their mini-loans precisely to avoid this type of situation. In a fast way, the amount of your loan will grow due to the penalties. And if you do not reach an agreement, you will become part of a list of defaulters. This will close the doors to be able to request more loans with other entities of the competition and banks. This is why it is advised that before requesting a mini-credit you are very clear that you will be able to pay it without any problem within the stipulated period.

Opinions about Gadcapital

Do I have advantages for being a Gadcapital client?

Yes, Gadcapital rewards the loyalty and commitment of its clients. Once your mini-loan is returned, you can request another one and thus you go up the category. The higher this category of client, the less interest you have to pay for your loans and the higher the amount you can request.

Gadcapital has several categories of its trust rating:

  1. "Confidence" : you can request a loan of up to € 400 and a 10% discount.
  2. "Confianza Plus" : loan of up to € 500 and a 20% discount.
  3. "Premium" : loan of up to € 600 and a 30% discount.

In this way, they reward those clients who are demonstrating their responsibility in the return of their mini-loans. It is also important that you know that the procedures to request a loan are becoming easier and faster.

Trust of your customers

Gadcapital has the “online trust” seal, which guarantees transparency, security and trust in the services it provides, since to obtain it, companies have to comply with an ethical code that certifies this trust.

For all this, Gadcapital has become a benchmark when requesting a mini-loan. Its transparency, ease in its system and the speed in obtaining the money make its users have a high degree of satisfaction. Likewise, the trust rating system strengthens the bond between Gadcapital and its clients.

Gadcapital is one of the companies that gives its clients more security when it comes to requesting money online, but it is not the only one. You can consult all the information of other companies below:

Gadcapital Summary

Summary: The offer that Gadcapital offers you for your first online loan is to pay only € 5 of interest, being able to return your credit in 30 or 60 days. The first loan with these conditions can only be for a maximum of € 300.

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