by Jose Donaldson

What are microcredits ? Are the micro loans only loans processed online? What amounts can be processed?

From Creditosrapidoseuros we will let you know the characteristics of these quick credits while we show you how you can process them through us.

The microcredits are certainly born of the Day Pay Loans which arose in the United States being very short term loans.

As the name indicates, they are quick loans to be repaid in days, being a type of financing that a few years ago did not even exist in our country.

If you want to access any of these online loans in our company, we offer them at a national level.

The good thing about microcredits is that almost everyone who wants to process them will have access to them.

This is because it is easy money loans where the requirements imposed by financial companies are minimal.

Not only happens here, in any of the online financial that are dedicated to signing these miniprestamos happens in the same way.

Microcredits and features

If you want to process one of these loans, the first thing you have to do is to know its characteristics.

  • Amounts that can be obtained through microcredits:

The name of the financing, including “micro”, already indicates that we are talking about loans of low amounts.

It does not matter if we use the word microcredits, miniprestamos or some of the others, they all go towards the same path.

The amounts that can be processed through this financing will therefore be small.

In general, these amounts do not usually exceed € 600.

And that’s the online finances that process microcredits of greater amount because the usual thing is that you can not get more than € 300.

Especially if it is the first time you make a loan request in the financial in question.

It is something that we will see throughout any procedure.

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The first time you apply for one of these quick credits the amounts are smaller than those you can process in the future.

The clients of the entity if they are good clients (they have not left unpaid) usually have access to higher amounts of money.

  • Repayment terms: Being online loans of small amount is logical that the return period is not very high.

A financial thing you can not do is give many months or even years to return a € 300 credit.

What financial companies do as a general rule is to establish a maximum period of 30 days.

Then and if the client so wishes, he can establish a shorter term to make the return.

As we have said is a loan that is returned in days.

You can choose 7 days, 10 days, 15 …

Depending on the chosen term, the cost to the client will be higher or lower.

  • They are online loans: At least in what is the procedure because it is also true that some companies of this type allow the signature in person.

It is not usual to say everything but we have seen it.

What is certain is that the processing will always be carried through the Internet never in person.

  • Promotions: Some of the microcredit companies and with the aim of attracting clients usually make promotions sporadically with the intention of attracting a greater number of clients.

Finally I would like to point out that the supply of micro loans is such that we see them advertising anywhere.

The micro- lending companies, which are the ones that sign the fast online credits, have grown very important in our country, so much so that it is the popular loan of the market.

There is no more processed credit than this right now.

Conclusion about microcredits

Microcredits are small, fast online loans used to cover small expenses that are obtained at the moment.