Know who to contact and how to apply for fast online credit. We will see all the cases in which it is possible to obtain consumer credit as quickly as possible. We will also talk about the microcredit solution, a small immediate but very expensive loan of money.
Fast online credit, how does it work?
Online credit has become the first reflex of individuals wishing to obtain a quick loan. Companies like credither, Zaloan or Creditend offer several advantages:
- An immediate response in principle
- Simple formalities and generally no handling fees
- APR rates more competitive than those of banks
- Fast credit processing
The main credit organizations generally offer better rates than those of banks or other players (dealers, insurers, etc.). They mainly offer consumer credit that is easy to understand and quick to obtain. Be careful not to rush headlong: not all offer the best rates on all consumer credit projects. There are also organizations whose rate is very attractive but who will refuse the request. However, when looking for a quick loan, our first concern is to obtain a final agreement as soon as possible.
Fast online micro credit: to get money in 24h to 48h
Then there are the companies specializing in micro credit. It is not a consumer credit in the eyes of the law. These organizations offer credit within 24 to 48 hours, but on two conditions:
- The amount is less than 200 $
- Credit repaid in less than 90 days
Management fees may also be applied to obtain an express transfer. These solutions respond to an urgent need for credit. They are practical for managing an unexpected invoice or allowing yourself an exceptional expense. The rates applied are however always very important, because of the easy access and fast nature of the solution. One can have the impression of not paying dearly, given that the APR rate is calculated on 90 days maximum. However, the APR rate is generally that of usury, namely around 20%.
Also be careful to repay well on time, under penalty of paying significant penalties. The main risk of these solutions is to use them systematically, only to end up in fact with permanent credit at very high rates on your hands. It is more interesting to request a small depreciable credit (credit 1000 USD, for example) than to have recourse to micro credit every month. The two most reliable companies in this fast online small credit field are Viloan and Astro finance.
Fast online credit thanks to the reserve of an existing revolving credit
There is a way to obtain an express credit (24h-48h), in the case of using the reserve of an existing revolving credit. This small credit is sometimes taken out directly in the store, thanks to the cards attached to revolving loan formulas. In this case, the borrower has a reserve of money from which he can draw as he pleases. This revolving credit solution can also be obtained directly from organizations. It is sometimes associated with a credit card, although the option is not mandatory. Whatever the choice, credit management allows you to request an express transfer.
Ease of access comes at a price: the TEAG rate for this solution is generally very high. Associated with an adjustable APR rate, the small revolving credit clearly indicates that it is likely to change with each use of money. However, immediate credit is reused most of the time at a high price.
How long will it take to get a fast consumer loan?
It takes an average of 12 days from your pre-accepted credit request to obtain the funds for your online consumer credit. Here is how the calculation of a fast online credit request goes through our comparator:
- Fast online credit application: 5 minutes
- Principle response at the best APR rate: immediate
- Final contract proposal: 24h (by email)
- Sending of the fast credit contract online with the supporting documents: 1 to 3 days (depending on paper or electronic format)
- Final validation: 72 hours on average
- Minimum legal waiting period: 8 days
It must actually wait at least eight days from the date of acceptance of the fast online credit agreement to obtain the funds. This legal deadline (see here) is accompanied by more conventional durations, on which it is possible to save time.
Comparison of APR rates for online credit
We must talk about the APR rate before mentioning the concept of comparison. Indicated on any credit offer, the APR, or annual percentage rate, is the benchmark indicator for consumer loans. The APR rate includes the cost of interest, but also additional costs (administration fees for example). Our credit comparator is only based on this rate to classify the various fast credit offers online. A quick online credit comparison helps to realize the rate differences between the best agencies. Take the example of a quick loan without supporting documents (personal loan) of $ 10,000 over 36 months.
|Best personal loan $ 10,000 over 36 months||Fixed APR rate||Monthly fees||Total cost of credit|
|Organization n ° 1||3.89%||294.45 $||600.20|
|Organization 2||5.60%||301.78 $||864.08 $|
Quick Credit Online: Latest Tips
It is always interesting to prepare the supporting documents which will be requested in the context of a fast online credit, in order to have the possibility of delivering the signed and completed contract as soon as possible. The classic pieces of fast online credit are usually an ID, proof of address, RIB, the last two pay slips and a tax notice. It is also interesting to check whether the credit organization offers the sending of documents in digital format as well as the electronic signature to facilitate the processing of the request. The period can be shortened by two to three days by subscribing to a specialist allowing you to obtain fast online credit at 100%.
Good to know: any fast consumer credit allows the borrower to benefit from a period of 14 days to withdraw. This is the legal deadline provided for by the consumer credit law.