Looking for a good mini - loan company? In that case, you have to know Creditea , a financial institution that, although it is not very big, offers some really interesting mini - credit services. Let's see it in depth!
Who is behind this entity? Is Creditea legit?
Definitely! It is a subsidiary company of the International Personal Finance PLC group, which is one of the most important companies in the sector worldwide. Not surprisingly, they have more than 2.8 million customers in 14 different countries.
In other words, we are not looking at a small website created by a couple of friends with some capital. Creditea is a company with a long history in this sector, and that is something that can be appreciated from the first moment you access its website.
That is why at Creditea they boast of being the fastest, most flexible and most transparent company in the area of microloans (although € 3000, which is the maximum they lend, is not that it is very "micro" , the truth).
A very interesting point of Creditea is that they do not have the sole and exclusive objective of generating profitability, but they also seek to create an economic improvement for the entire society. That is why they have an ethical and responsible business activity, as indicated on their website.
So overall, you can rest easy . This company is very serious and does not offer any kind of problem to its clients (in fact, the opinions of clients are usually the best that there is on the whole internet in the field of microloans).
The Creditea mini-loan
The Creditea mini-loan has some very interesting characteristics. They are as follows:
- Between € 100 and € 3000 : The first thing to highlight about Creditea is that it offers us a really interesting amount of money. From € 100, for the smallest contingencies, up to € 3000, for those situations in which we need a greater amount of cash.
- APR of 24.90% : Of course, Creditea's APR remains at the level of other financial entities dedicated to microcredits. You already know that this APR is usually higher than in other types of loans.
- Terms from 1 to 36 months : The repayment terms of this mini-loan are also very good. While other companies force you to repay the loan in a maximum of one month, at Creditea you have the possibility of extending the term up to 3 years.
- Fixed installments (but flexible) : When you ask for your loan, you choose the installment you want to pay. That fee will be fixed until you repay the entire loan. Hence, it is a fixed fee, but also flexible.
- Free early refund : If you want to advance the payment of the monthly payments, you can do it without major problems. It has no extra cost, and this is something quite rare (and appreciated).
- Reminders : Creditea will send you notifications of when the next payments will arrive in a totally free way.
- Respite month : Respite mode is a service offered by Creditea and that allows you to save one of the installments (and distribute its cost among the months that you have to pay) for a price of € 20. That is, if you have a fee of € 100 and you have 3 months to pay (€ 300), you can not pay a month, agreeing to pay € 150 for the next two months. And that comfort for the cost of € 20 only)!
- Change of payment date: You can also pay the day you pay your fee for a cost of € 5. Another great convenience that Creditea offers and that is not very frequent.
- Possibility of increasing the loan : If you have requested a loan of € 1000 and need another, you can extend your loan without problems. The maximum is € 3000, and you distribute it as best you like.
Requirements to request it and other conditions
As always, to apply for the mini-loan, it is essential to meet certain requirements. They are as follows:
- Be of legal age : Some entities require you to be 21 years old and have a maximum age. This does not happen in the case of Creditea. Here, if you are over 18 years old, you can opt for € 3,000.
- Have Spanish nationality : Logically, you need to have a DNI or, in the event that you are a foreigner, have a NIE.
- Being a natural person : Loans are not granted to companies. Self-employed yes, according to solvency.
- It is not necessary to have a payroll : It is important to point out that you do not need to have any payroll to receive the microcredit. All you need is to show that you have the ability to repay the loan. That is why whether you are self-employed, as if you are unemployed or if you are a pensioner, you have the possibility of accessing the loan.
- It is necessary to have monthly income : They do not care where they come from, but you must have them. It is the way they have to ensure the repayment of the loan.
- Nothing happens if you are in ASNEF : One of the most frequent questions when evaluating a microcredit is if that company offers credit with ASNEF. In this case, we can say yes. Logically, being in Financial Credit Institutions is always a problem, but Creditea does not automatically discard applications that are in Financial Financial Institutions, but personally analyzes each case to see the nature of the pending debt.
Procedure to obtain your mini-credit
Now that you are clear about the minimum requirements to qualify for the mini-loan, let's see what is the procedure for obtaining it. As you will see, it is a very simple process:
- Form : As in many other companies in the sector, the first thing you will have to do is fill in the loan application form. You will have to indicate some personal data and, later, some data related to the credit itself.
- Confirm the credit : When you have sent all the data, you will receive a confirmation email and an SMS. It is also possible that they contact you by phone, but it is not usual. In any case, by any of these means they will inform you if your request has been approved or not, and, if it has, you will have to confirm it from your private area on their website.
- Transfer the money : Once you have confirmed the credit, Creditea will send the money to your bank account within 15 minutes (15 minutes!). Of course, that is how long it takes Creditea to send the money, the bank may take a little longer.
Opinions of the clients of your microloans
In general, the opinions of Creditea customers are very positive , and that is something that does not surprise us at all, because, from the first moment you enter their website, you can easily verify that it is a serious company and quality.
Of course, the first positive opinion of people is the amount of money that Creditea allows you to access. That they can give you a microcredit of € 3000 is not bad at all . In fact, that is the money that some banks give on your personal loans.
On the other hand, the speed of the entire process is also highly valued, as well as its comfort. Although, the truth is, we consider that the issue of speed is not so bad, because, even if they send the money in 15 minutes, the banks end up making the transfer take a day to arrive.
Finally, a fairly frequent negative criticism is that of excessively high interest rates. But ... We are talking about a mini-loan! It is normal for the rates to be high, because it is not a personal loan or a mortgage. In these cases, the APR is much lower than in this type of microcredits, which are much more risky.
Other credits from Creditea
Finally, it should be noted that Creditea offers an extra credit, in addition to the microloans already mentioned. Well, in reality it is not a credit as such, but a refinancing of the debts that you have outstanding.
Thus, you can go to Creditea to obtain € 3,000 and, with that money, pay off the debts that you have pending with other entities. In this way, as Creditea's interests are lower and you can pay in 36 months, you can free yourself from current charges.
Of course, it is a service that should be looked at in detail to see if it is better for you to continue with the installments you have now, even if they are drowning you a bit, or with the installment resulting from a new loan.
In any case, it is good that this service exists.
Other mini-credit companies that may interest you ...
Here are some mini-credits that might interest you:
I need money
As you can see, Creditea is one of the best companies dedicated to granting loans in small amounts. If you were looking for the best option for your microloans , you should bet on them without hesitating for a minute.