When you look for a loan, it is because you really need it. And especially if the money is to cover an emergency, the speed and ease of achieving it will be a key factor when choosing an entity or another.
Benefits of easy and fast credit
An economic emergency needs a quick response. It is worth nothing to be told that they will see your case but this will take several weeks or even months. Therefore, the first benefit of an immediate loan is that it will not only be approved quickly, but will also be disbursed in a short period of 24 or 48 hours.
The approval time is key, but also the time it will take to go to the agency, make long lines, complete the stationery or look for the guarantors for your procedure to begin. Therefore, another benefit of a loan with these characteristics is that they will ask you for easy-to-obtain documents and will not require you to be sure as they will trust you.
Tailored to your needs:
These are the characteristics and cannot be modified. That phrase does not fit in a quick loan. You are looking for money that you need but the entity that will grant it to you should want you to pay without compromising your financial health. Therefore, they will be loans that adapt to your needs and your economic and payment capacity.
These types of loans are usually for not too large amounts. Therefore, quotas are also usually focused on all social strata so that they are not too high. They are loans between Q4,000 and Q100,000 with installments ranging from just Q180 to Q4,900, for those with more money needs but also greater economic capacity.
One credit, many destinations
When thinking about credits, debt payment or money to cover an emergency usually comes to mind. But the reality is that a loan can be used for many purposes and can be used both personally and professionally.
A credit should not be seen as a problem in itself. The key will be to be clear about my borrowing capacity and therefore how much, what term and what fee I can pay each month without compromising my financial health.
Even sometimes we have the money to deal with any of the above situations but the credit will allow us to do the same with a lower economic impact and always maintaining a good savings mattress.
Remember that you should consider the interest rate, monthly fee, cancellation or disbursement costs and any details that may interest you. The idea is that you are aware of the financial product that you are acquiring, since by being clear how much you will pay to be able to take care of your monthly budget.
What should I take into account to qualify for a quick and easy credit?
So far we have seen the advantages of obtaining credit quickly and easily. But before we get ready to ask for our financing line we must be clear about some things:
- We should not have overdue debts without paying with other entities or be included in delinquent lists.
- If we acquire a loan of this type, we must be convinced of our ability to pay it in time to avoid major expenses and economic problems.
- If we are going to use it to invest, it is important to make sure that with that money we will improve our situation and therefore we will multiply the investment.