At the speed at which we live, sometimes we forget to make a classic list of pros and cons of a decision. This is especially applicable to mini loans, that online product that you have heard so much about and that allows you to request a small amount of money online, without paperwork, and receive it in a matter of minutes. So quickly, anyone stops to think! However, it is good to do it: we explain it to you.
Clues and risks so that mini-credits only surprise you in positive
First, they are a type of loan that is repaid in a single installment, suddenly, at the end of the period, which is usually 28 days or a month, along with interest. You have to see it come to prepare and that there are no delays.
If that day arrives and you cannot enter the money, calm down: contact the entity to see if a postponement is possible, and to know the cost that it would have for you. A negotiated solution is always better than letting time pass.
Precisely for these two reasons, mini-loans must be used in a timely manner, not fixed or regular, because they are a product that can put pressure on you if you do not handle it well.
Advantages of online mini loans
The good things are many: many mini loans can be free, without interest, for new clients and initial amounts, because the entities, in the face of high competition, seek to attract customers by allowing them to access free instant money the first time.
Another huge advantage is that they are very fast: they are requested in minutes, the response is immediate and the money flies to your account that same day. You can request them day or night, during the week or during the weekend. Always available.
On the other hand, they are available to anyone: with or without payroll, without endorsement, for students without income and for retirees or unemployed. No entity asks for documentation and there is no need to be a previous customer or have links with certain banks.