Creditos online o minicreditos: ¿qué es más conveniente?

Online credits or mini-credits: which is more convenient?

Online personal loans are a type of credit in which the applicant (borrower) receives money (loan) from the lender and the only guarantee that he will put back is his present and future assets.

Therefore, online personal loans are credits without collateral. So that we understand each other, if we ask for a mortgage, for example, we are putting our own home as collateral in case we do not return the payment.

This type of credit was traditionally requested at the bank. However, with the appearance of the internet, nowadays it is also possible to request credits online, with the convenience that this implies.

When to choose a personal loan online and when a mini credit?

Mini credits , in general, have higher interest rates. However, with shorter return times, the cost is usually affordable.

If we need little money or if we have a lot of urgency, it is best to go to the mini-loans. If what we want are larger amounts of money and we don't mind waiting a little longer and doing some more paperwork, we will go to online credits. In addition, we have the convenience of being able to return it in installments.

Responsible mini credits: Getting extra money with is very easy and fast. However, we always recommend using our credits responsibly: request only the amount you need so as not to overpay and always make sure that you will be able to repay it within the indicated period, to avoid ending up over-indebted.

Do you need money now? Compare and request a quick loan now and you will have the money in a few minutes.

Differences between mini credits and online credits

The first thing that we must clarify is that the mini credits are actually also personal loans, since they do not require an endorsement or guarantee. However, in general, when we find the term personal loan it will be referring to larger loans and to repay in longer terms.

Mini-loans: Loans for maximum amounts normally less than 1000 Euros to be repaid within a maximum period of 30 days, at one time. They are requested online or via sms. Without endorsement and without paperwork. For any purpose. They are granted by financial entities with private capital. You can get the money the same day.

Online credits : Credits that are normally returned in monthly installments, for amounts that change according to the offer of the company that grants the credits. Some loans are designed for specific purposes and require us to justify the purpose (for example, buying a car). They are requested online and, although it is also possible to find quick credits, in general the procedures will last more days, since they take longer to study our application. They can be requested both through online banks and through private finance companies. The latter are usually faster and less demanding on their requirements.