Solcredito: Your first free loan of up to € 1000!

By | June 12, 2018

If you are looking for information on the best mini - credit companies, you should know Solcrédito , one of the financial institutions dedicated to this market that is hitting the strongest lately and has the most satisfied customers. Let's see more about her!

Who is behind this entity? Is Solcrédito legit?

Solcrédito is a company founded in 2011 in Estonia , and since then it has become one of the most popular financial institutions focused on mini-credits in the Baltic countries.

With a touch of humor, on their own website they point out that, looking for a little more sun, they left northern Europe to get closer to Spain (the truth is that they continue to operate there, that "abandoned" is a euphemism to say that they are expanding).

What they do at Solcrédito is offer some quite succulent mini-credits, with good features, and with a strong emphasis on making the most of technology (something very common in Estonia, by the way).

This use of technology allows Solcrédito to offer more favorable conditions than those we are used to seeing. For example, in most mini-loan companies the usual limit on the first loan is € 300. Solcrédito increases that minimum to € 1000.

And it should be noted that Solcrédito is a slightly special mini-loan company, because it works, at the same time, as a lender and a loan comparer. So you get the best option and they get a share.

In addition, of course, it is a company that is supervised by the different governmental bodies of both Spain and Estonia and the European Union , so that its reliability is beyond doubt.

The Solcrédito mini- loan

Now that we know that it is a reliable entity, let's take a look at the characteristics of the Solcrédito mini-loan. You are sure to love them!

  • High credit threshold : An interesting point about Solcrédito is that it offers a very juicy amount of money. In the case of mini-credits, the maximum you can opt for is € 1000 (which is very good if we compare it with other companies in the sector).
  • First credit limited to € 300: Of course, the first credit is limited to € 300, because it is the credit that they will use to measure how reliable you are in repaying your debts. Of course, this first loan will be free and without interest of any kind.
  • Between 5 and 30 days of term: As you well know, mini-credits are usually loans to be repaid in a very short period of time. In this sense, Solcrédito is within the usual, with a term ranging from a minimum of 5 days to a maximum of 30 days.
  • First free credit : As we said a little above, the first credit that you contract with Solcrédito will be totally free. This means that you will not have to pay any commission at all. You receive € 300 and return it at the end of the month. No more!
  • 1009% APR : In the following loans, the APR will rise to 1009%. As you well know, these urgent mini-credits usually have this type of quite high interest. However, in this case they are not outrageously high (some competing companies multiply this interest rate by ten, so Solcrédito is quite good).
  • Quick response time : In just 15 minutes you will know if they give you the credit or not. Without any difficulty or additional cost!
  • Quick delivery of money : Depending on different factors (such as, for example, the bank where you have your bank account) the transfer of money will be done almost instantly (two hours) or it will take a little longer (24 hours). In either case, you will have your money very quickly.
  • Possibility of early cancellation : And, depending on how early you return the credit, you can save more or less interest. Great if things have gone better than you thought!

Requirements to request it and other conditions

As always when we go to a financial institution, to request the mini-loan, you must meet some requirements. The requirements of this entity to qualify for the microcredit are the following:

  • Be between 18 and 80 years old.
  • Be a resident of Spain.
  • They will be able to give you your credit even if you do not have payroll or income of another type.
  • They can give you your loan even if you are in ASNEF.
  • Despite the previous points, you should know that Solcrédito analyzes its clients to estimate their reliability (precisely, by doing their own analysis, they can afford to lend to people without clear income or who are in Financial Credit Institutions).
  • You can request your loan being self-employed, unemployed or pensioner.
  • They will not grant you any loan if you are a company (they only grant to individuals because they are consumer loans).

Procedure to obtain your mini-credit

Once you have clear the requirements to have this mini-loan, let's see what is the procedure for obtaining it. As is common in this type of company, it is a very simple process:

  1. Access to the web and use the simulator : First, we will have to access the web. You can do it through this link (affiliate link) .
  2. Fill in the form : When you have already done it, you will have to fill in the form with your personal data. This is common to all companies in the sector and, although it takes a while, it is only 5 minutes and you only have to do it once.
  3. Confirmation : Once you submit the form, they will review your financial situation and your degree of reliability and will give you an answer in 15 minutes.
  4. Receiving the money : If everything has gone correctly, you will receive your money within two to twenty-four hours.
  5. Deposit in a Solcrédito account : Of course, once you have used the money, you will have to return it within the agreed period. To do this, you can do it in any of the bank accounts that they indicate.

Opinions of the clients of your microloans

The opinions about Solcrédito, in general, are very positive. Much more than in other microcredit entities. And that, as you well know, is something that we really like to value, because it says a lot about the company.

The first positive opinion in this regard refers to the fact of being able to order from € 50 to € 1000. That is to say, a much greater range than that offered by most of the mini-loan companies, which rarely exceed € 500.

Another very interesting positive point is that you can access the € 1000 from the first moment, without having to take a first test loan for a smaller amount. And, of course, with the advantage that that first loan is at 0% interest. That is, free.

And another very positive opinion is that the granting of the credit depends, entirely, on the study they do of your profile and of you . They are not guided by guarantees, by having a payroll or by being in ASNEF. They do their analysis and determine whether or not they can give you the credit. Fantastic!

Finally, and to say some negative opinion, we could point out the high interests of their microcredits, which reach a little more than 1000% APR. However, it must be clear that it is a VERY lower APR than that charged by other similar financial institutions.

So, in general, we can say that Solcrédito has very good opinions. It is no coincidence that, as indicated on their own website, 99.10% of their customers are satisfied with the service.

Other credits from Solcrédito

In addition to mini-credits and quick loans, Solcrédito offers the possibility of contracting your personal loans , which are another type of loan halfway between the mini-credit and the usual loan from any bank.

This loan can be up to € 40,000 (the minimum is € 1000) and the repayment period ranges between 6 and 60 months. That is, it is quite similar to the loan that any bank can offer you.

But the advantage of doing it with Solcrédito is that we can continue to enjoy all the use of technology they make and their excellent conditions, saving us paperwork and other problems.

And all this for an APR that ranges from 7 to 35%. Of course, there are some management costs that should be taken into account (for example, if you ask € 5,000, they will give you € 4,825, but you will still have to return the € 5,000 plus interest). But hey, the truth is that it is very good if we compare it with other entities that offer personal loans of this type.

Other mini - credit companies that may interest you ...

Finally, we are going to mention other mini-credits that may interest you:

1 credit







That good


Zen Credit


I need money










Mobile credit




New Credit

OK Money

Loan 10


Credit Victoria



Hello money









As you can see, SolCredito is one of the best companies in the mini-loan market. Of course, if you want to know more about it, you can ask us your questions or, directly, ask them. We will both be happy to answer you!