Mini-credits 2020 - Comparison

Mini-credits or mini loans are low-value credits that are granted in a very short time, generally less than 24 hours. In our mini-credit comparator (under these lines) you will find the main options.

  • Quantity: From € 100 to € 1,000
  • Return period : From 5 days to 30 days.
  • Approximate concession time: 10 minutes.
  • Free first ?: YES
  • Do you accept Nigerian Financial Authority? : YES

Requirements : Age between 18 and 80 years. Reside in Nigeria. Be the owner of a bank account. Proof of regular income (payroll, benefits, retirement, self-employed, etc).

Stands out in : Very fast. They offer fast loans with Nigerian Financial Authority and without endorsement. Possibility of obtaining the first mini-credit without commissions.

  • Example: € 300 for 30 days would have a cost of 0 euros, thanks to its promotion of free fast first mini-credit (without commissions)
  • Quantity: From € 50 to € 300
  • Return period : from 5 to 30 days.
  • Approximate concession time: less than 10 minutes.
  • Free first ?: YES
  • Do you accept Nigerian Financial Authority? : NO

Requirements: age between 18 and 75 years. Reside in Nigeria. DNI or NIE. Bank account (of which we will be the owners or co-owners). Not be in the Nigerian Financial Authority or in the RAI. Proof of regular income.

It stands out in : It offers a promotion through which we can get our first mini credit of 300 euros for free (0% commissions). You do not need a guarantor. Quick response to the request.

  • Example: a credit of 300 euros to be returned in 30 days will not have commissions. Its cost will be € 0.
  • Amount: From € 50 to € 600 (max. € 300 on 1st request)
  • Return period : from 7 to 30 days.
  • Approximate concession time: 10 minutes.
  • Free first ?: YES
  • Do you accept Nigerian Financial Authority? : YES (debt less than € 1000)

Requirements: age between 21 and 65 years. Bank account number of which we are holders. DNI or NIE. Residence in Nigeria. Phone number. If we have debts registered with the Nigerian Financial Authority, which do not exceed one thousand euros.

It stands out in : It allows us to contract our first credit of up to 300 euros for free (you do not pay commissions). Accept profile requests with Nigerian Financial Authority or RAI.

  • Example: a loan worth 200 euros to be paid within 30 days will not have commissions, so it will cost 0 euros.
  • Quantity: From € 50 to € 1,000
  • Return period : 30 days (for 0% interest) or in monthly payments.
  • Approximate concession time: 10 minutes.
  • Free first ?: YES
  • Do you accept Nigerian Financial Authority? : NO

Requirements: from 25 to 70 years old. Residence in Nigeria. Have no debts that are listed in Nigerian Financial Authority or RAI. DNI or NIE documentation.

It stands out in : The Ferratum Flexible Credit offers the first application up to € 500 without commissions (with a return period of a maximum of 30 days). It has alternatives to pay in monthly installments.

  • Example: a flexible credit worth 500 euros to be reimbursed over a period of 30 days will cost € 0 (without commissions).
  • Quantity: From € 50 to € 750
  • Return period : From 1 to 30 days.
  • Approximate concession time: 15 minutes.
  • Free first ?: YES
  • Do you accept Nigerian Financial Authority? : YES

Requirements: from 18 years old. Ownership of the account in which the loan will be received. Proof of regular income. DNI or NIE. Reside in Nigeria.

It stands out in : It is an online loan search engine that helps us compare different offers in just one click. It supports annotations in delinquency lists.

  • Example: to consult, since it is a credit comparator that facilitates the search for the best offer.
  • Quantity: From € 50 to € 500
  • Return period : 15 to 30 days
  • Approximate concession time: 60 minutes
  • First free ?: NO
  • Do you accept Nigerian Financial Authority? : YES

Requirements: from 18 years. Residence in Nigeria. DNI or NIE. Proof of income. Bank account number.

It stands out in : financing with little paperwork and that also does not take into account annotations in Nigerian Financial Authority or RAI.

  • Example: for a mini-credit of 150 euros to be repaid for 15 days, you will pay 40 euros in commissions (190 euros to be returned).

For larger amounts consult our quick credit comparator

What does a mini-credit offer me?

Currently there are many mini-loans that are available to users thanks to online financial institutions.

Specifically, when we talk about loans for small amounts, that is, a mini-credit, we find that they are a type of borrowing modality that is well known and popular for its security, speed and comfort.

Through this article we are going to talk about everything that hiring the same implies, as well as the options that people interested in hiring them have.

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Mini-loans. The keys to its popularity

When we talk about requesting a mini loan, we find one of the most popular financial products, given the services it provides.

Its three most important characteristics are:

  • The monetary amounts that we can obtain are small, with an average of 300 euros

As its name indicates "mini", the capital it offers us is not very high. However, there are entities with very diverse proposals, among which we also find mini loans for amounts that can range from € 50 to € 3,000 and more.

  • Their repayment terms are generally short. Normally they are returned in 30 days (for other terms, consult our post 12-month loans )

It is a perfectly understandable condition since they offer small amounts of money, and therefore their payment is also fast.

  • They become effective at the moment

Finally, we have the feature that has made this service most popular: its speed.

Mini loans are applied quickly. This also applies to receiving the money, which we will have available in our checking account in minutes after accepting our request.

Mini-credits with Nigerian Financial Authority

Is it possible to obtain mini-credits with Nigerian Financial Authority ? The answer is yes. We talk about it in depth, below.

Minicréditos con Nigerian Financial Authority

As many of our users will know, in 2008 a global economic and financial crisis began, which ended up affecting many people.

The sequels of it are still valid in very different ways. This is for example the case of financing that generates alternatives to this problem in the form of credits without looking at the Nigerian Financial Authority .

So how does this service appear?

To this day in Nigeria it is not unusual to have data included in a file of defaults.

As a consequence, if we are part of these lists, traditional banking denies many requests for quick mini-credits and with the Nigerian Financial Authority.

This is because our default level is too high a risk for these conventional media.

This is where private financial entities make their appearance, who found the opportunity to generate a service that until then was not possible: the mini credits that are obtained by being in the Nigerian Financial Authority.

These new credit companies addressed a problem that was affecting a large number of citizens who did not stop having the same economic problems as the rest.

Thus, today we can enjoy mini-credits regardless of the Nigerian Financial Authority: a popular service that makes them one of the star products within the battery of offers in the sector.

When to request a fast mini-credit?

We have already commented to you previously in this post that through quick mini-loans we can obtain money easily and immediately for emergencies.

If we are thinking of hiring a service with these characteristics, it is recommended that we value that it is a financial service that provides a lot of versatility but that due to its characteristics is more suitable for some specific situations.

Fast mini-credits are characterized as their name indicates by being effective at the moment and offering not very high amounts of money, ideal for when we need money urgently.

Thus, for example, we have that it is a service that works as the perfect alternative when we have to carry out an urgent repair at home or change an appliance from one day to the next.

These are small one-off expenses that when we are caught at the end of the month or with little cash in our checking account, can cause a significant imbalance in our economy.

Using the mini credits that are obtained quickly in this way we are betting on the responsible use of the service , since it is precisely what they are designed for.

However, this does not imply that we cannot use them as we wish: when completing our online and fast mini-loan application we will not have to answer questions about the purpose for which we are going to use the borrowed money.

Online mini-credits: advantages

When it comes to taking stock of the most important characteristics of online mini-loans , several qualities should be highlighted in particular: their speed and immediacy.

And it is that every user of this service that offers immediate money knows very well that speed occurs in various parts of the process.

On the one hand, when completing your application, little documentation or extra paperwork is required. So the process is quite agile.

In addition, on the other hand, it should be noted that once the information about the possible borrower is sent, the entity does not take more than 15 minutes to send him a response, about his granting or rejection of the new online mini-loans in which he may be interested. user.

And to curl the loop, we continue talking about speed when we refer to the part that affects the income of money.

This usually takes, depending on the entity with which we are going to work, only a matter of minutes to transfer the amount of the mini-credit online.

Another of the most popular advantages of the service is that everything is done over the Internet.

This is a factor that is very convenient for the user who, for example, does not have to move around or wait in line to get mini-loans that are processed online.

On the other hand, online credit institutions are quite permissive when analyzing the profile of users. Not all of them, but a large part of the sector is compatible with annotations in defaults.

If we have outstanding debts and we want to get financing, we will find that they do not automatically deny us the granting of the mini loan we are looking for.

Finally, it should be said that when applying for fast microloans online , it is not always necessary to present a payroll. If any type of documentation is attached that evidences that the interested party receives some type of regular income, they can choose to grant it.

What are free mini-credits and why are they granted?

Free mini-loans are a service that generates great interest among our users.

The first free mini-credits are an offer that some entities have in their promotions. These are credits, generally up to 300 euros, which are granted without interest.

The reason why it is done is to attract customers to try the product and the brand, for example a Vivus mini-loan.

And, being able to obtain financing with 0% interest is an offer that is very popular.

Minicréditos gratis

Before focusing on this issue, we must bear in mind that as a popular saying goes, "nobody gives anything for free." By this we mean that there is no financial institution or traditional bank that gives away the mini credit in which we are interested.

However, it is true that many of the private equity companies launch offers -whether they are specific or permanent- that provide mini-loans without interest.

In this way, we would obtain financing and return exactly the amount borrowed. Without paying a penny in commissions.

How can I access a mini-credit without paperwork?

Having access to a mini-loan without paperwork or requirements is not exactly what it seems.

At present this service is called under this name because compared to the proposal of conventional banks, the procedure is much more simplified and is carried out without having to provide just personal documentation.

Therefore, many users know them under the name of paperless mini-loans.

Mini-loans that are obtained without requirements?

With mini-credits that are requested without requirements , exactly the same happens as in the case of "without paperwork."

As we told you a little above, this service has become known by a name that, despite highlighting one of its most striking advantages, does not exactly define it.

At this time, there are no entities that offer a mini credit service in which it is not necessary to meet absolutely any requirement.

And it is normal that when requesting any service related to financing, it is necessary that the applicant meets the conditions established by the lender.

Therefore, if we find an entity that offers us mini-loans without meeting the requirements, we are facing misleading advertising.

It is unthinkable that, for example, a series of minimum conditions are not required when contracting a mini-credit online without requirements.

Then we will go on to see what are the most common characteristics that we are going to find in private entities when hiring fast financing.

What is the documentation that I must present in order for the application to be accepted?

As we explained at the beginning of this article, one of the advantages of these mini loans is the speed of processing and the convenience that the user is presented with by not requiring a large amount of paperwork. However, the entities ask you for a series of documents to verify both the solvency of the applicant and their credit history. Therefore, although they are known as mini loans only DNI , in fact they need more documentation.

We are going to see what we need to contract a mini-credit without papers and online

  1. Photocopy of DNI or NIE (the document must be official and valid)
  2. The postal address of the habitual residence
  3. An account number in which we are reflected as the owner
  4. A contact phone number

How are they requested?

Now we will talk about applying for a mini-credit.

This is a really simple process.

The first thing to do is to investigate on the Internet all the fast financial companies that grant the service in which we are interested.

In other words, that the amount is what we want, that the repayment terms are adapted to our possibilities; that we can take care of the interests, etc.

For this we put at your disposal our comparator, where we can find all this summarized information to be consulted at a glance. You can find it at the top of this post.

Once we have this clear:

When we have found the right mini-loan for us , we just have to go to the financial company website and send the request.

A few minutes later we will receive the confirmation or denial of the same and, as stipulated in said entity, we will have the cash deposited in our checking account in the time established in the contract.

Is it possible to contract a mini-loan without a payroll?

Are there mini-loans without payroll? We have to know that it is.

This is one of the most frequent questions that are asked in relation to obtaining money in the form of mini credit. And the answer is very simple: today we can achieve it without having a fixed payroll.

However, there are a number of details that we have to be clear about before continuing.

As we explained in one of the previous points, the economic crisis left several consequences that continue to affect today. Among them: job insecurity, temporary contracts or “unofficial” jobs, which make getting out of a specific economic setback can be even more complicated than normal. Above all, when we do not have a stable job.

Therefore, obtaining mini-loans online and without a payroll through Internet financial platforms is becoming a resource that offers a lot of versatility to this type of profiles.

Of course, it must be borne in mind that, although these entities do not require the same requirements as in traditional banks, they also need to receive a minimum of security from the users who hire their products.

It is for this reason that, although you can obtain mini-credits without payroll, you will have to somehow justify that you have a constant monthly income –be it from a benefit, a retirement, a pension, self-employed, and so on.

Fulfilling this small requirement, and taking into account that the rest of the profile adapts to what is established, the safest thing is that the credit company in question does not cause problems with the granting of the microcredit.

Request mini-credits instantly

We want to close this post dedicated to mini-loans instantly talking about how the Internet has changed the way we consume. This of course also affects, as we have already told you, the financial sector.

Today it is easier than ever to obtain a loan quickly, without complications and with very few documents. This is due to the so-called instant mini credits.

The great asset proposed by the entities that have specialized in offering this service is the versatility they offer, reducing the hiring requirements.

If we need to obtain an instant mini-loan, we can have it enjoying all the advantages that characterize the sector: speed and agility whatever our profile.




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About the author

Julie Williams Smith

Autor Julie Williams Smith. Especialista en finanzas feminaust.orgWriter specialized in financial products and passionate about the internet. I create content that seeks to help users and keep them informed, with honesty, truthfulness and ethics. I graduated from the Polytechnic University of Lagos.



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