In the day today, it is common to meet unforeseen events that we must resolve quickly as a medical emergency or an urgent repair at home. Sometimes we do not have enough money to cover these types of situations and it is necessary to ask the bank, a family member or a friend for money.
However, this can lead to some complications. In the case of banks, procedures are delayed and require a number of requirements that are difficult to cover in the short term. While asking family and friends can lead to awkward situations that you might prefer to avoid.
How to choose immediate loans?
This is where the immediate loans that have been designed to solve unforeseen events come in without you having to touch the savings. And unlike banks, as the name implies, these types of loans are delivered almost instantly so you can have the funds as soon as possible.
Immediate loans are an online modality where companies and private entities grant funds to people who request it in a period not exceeding one day. The idea is that the client can access the money quickly and establish the period in which he can pay.
Every day there are more people who access these types of loans as they are presented as an alternative to the complicated processes of the banks. In addition, the requirements for immediate loans are much less stringent than those for bank loans and other similar products.
In recent years the number of companies offering immediate loans has increased. This can make choosing the one that suits you best an arduous job since each entity has its own terms and conditions. However, there are different factors that we can consider to choose from.
Perhaps the most important aspect to consider is the lender’s reputation. Reading the reviews that other users have published will give you a more complete idea of how the company works and what you can expect when applying, transferring funds and paying the debt.
It is also necessary to read the terms of each company to avoid abusive clauses such as hidden charges and fines too high in case of default. Even if it is a reliable entity, it is advisable to read what are the consequences of going over the payment deadline.
On the other hand, it is also advisable to verify what are the requirements that are requested for a certain type of loan and thus ensure that we meet them. They are usually easy to obtain as a citizenship card and be of legal age but each company is different.
One option that will help you choose an immediate loan is to check the minimum and maximum amounts that each company lends as well as the maximum lapses to pay. Remember that these types of loans are usually canceled with a single installment at the end of the term. You should also check the additional costs and the total amount to be paid.
How can Good Credit help you choose an immediate loan?
With Good Credit, you can save time when choosing the immediate loan you need with your product comparator. The objective of Good Credit is that you can check all available loans according to parameters such as the amount to be requested and the time to pay it.
For this, Good Credit uses a state-of-the-art technological platform that is capable of displaying results in seconds. This way you only have to enter your data once to see all the options. While if you do it on your own you will have to fill out a form for each page you visit.
Good Credit is a multinational company with operations worldwide. In addition, it has a support team in Spanish 24 hours a day to solve all your doubts and problems that you may encounter when using the platform. The goal is to give you the best possible experience.
On the other hand, with Good Credit, you will increase the chances of getting an immediate loan approved by 85%. For that reason, most platform users reuse their services. Likewise, more than 80% of the requests get a response in less than five minutes.
The best way to save time on cumbersome procedures when processing an immediate loan is to use a comparator like Good Credit. So you can devote yourself to study your options better instead of accepting the first one that appears on Google.
You also have the security guarantee of the platform since it only works with reliable companies and with a verifiable reputation. Directly in the comparator, you can read the reviews of other users who have used a certain company and what are the terms and conditions of each loan so that you avoid unpleasant surprises later.
Advantages of immediate loans
- Quick Procedures
- Flexible requirements
- Lapses to pay comfortably
- Designed for people of all strata
- Money in the account the next day
These are just some of the main advantages of immediate loans for individuals. In general, its main advantage is that they provide liquidity at important times and you can resolve any urgency that comes your way.
On the other hand, immediate loans have the advantage of being more flexible when applying. For example, a significant number of companies grant loans to people with a low credit history or even to those reported at credit centers.
This means that immediate loans are presented as a viable alternative for many Colombians who do not have access to traditional bank loans. You can even help build your credit by paying the debt on time.
In addition, online loans have the advantage of saving you time on paperwork. Gone is the paperwork and the rows in the offices of the banks. You can do everything from the comfort of your home directly through the pages of the entities.
If you use Good Credit, the time savings multiply as you only have to do the procedure once and the platform connects you with the companies. The goal is to let you know if you qualify for an immediate loan as soon as possible to continue your search.
How to get an immediate loan?
- Fill out the form
- Make the request
- Wait for approval
- Receive the money in the account
Broadly speaking this is the usual procedure to obtain an immediate loan. Among the advantages of this type of loans is the speed and ease it provides to the client at the time of making the request.
However, each page has its own conditions and procedures from the moment the process begins until the debt is canceled. The objective is for the client to find an agile and simple experience when it comes to needing extra money to solve unforeseen events.
That is one of the reasons why in recent years immediate loans have been gaining ground. Customers instead of having to spend hours in bank procedures and with a high risk of being rejected by the application. In contrast with online loans, the answer is obtained in minutes.
But it is not only the speed in the response that is appreciated but also in the liquidation of the funds. In a period of no more than two business days, you will get the money in your account, even in most cases it only takes a day.
All these facilities make immediate loans a good option when you need fast money for any unforeseen events that you may present in your day to day, whether for health, at home or in the car.
What is the procedure to receive a loan?
Although in the previous section we were reviewing in general the processes to obtain a loan, in this section we will detail step by step what is the procedure to request a loan and cancel the debt. This way you will know what the general conditions are in these cases.
The first thing we should know is that each entity determines its own conditions when issuing a loan. For this reason, you must be attentive to what they offer to make sure you can fulfill your obligations after receiving the money.
Currently, in the market, you will find a wide range of lenders and companies dedicated to this activity. Choosing one can be overwhelming, however, it is worth reading carefully what each one offers to avoid falling for deceptive offers.
For example, any company that offers you a loan in which you must advance money either in management expenses or notaries or administrative costs is probably a scam. Serious companies lend the money and include those expenses in the total debt to make it easier for the customer.
Each page has its own form to fill out so it is recommended to use a comparator like Good Credit to know what are the best offers available and not have to waste time on multiple pages.
At the time of making the request, we have to fill in how much money we expect to receive and in what period of time we want to pay it. Although not usual, some companies even allow payment by installments.
Once the period has elapsed, the client must pay both the money borrowed and the administrative costs of the operation, the commission of the company and the interest accrued on the debt during that period. Timely payment can save you money in fines and helps you keep a good track record so you can reapply for a loan later.