Did you get a higher electricity bill this month? Any expense that you did not contemplate and that comes at the worst time?
Those bills that disregard the budget, those urgent arrangements to be made, those months in which everything comes together. There are many situations in which you may need extra money in an urgent way. Your family and friends are almost worse than you and you can’t ask for it. There is the option of the bank, but it is so difficult that they grant you a loan that you almost prefer or try.
In addition, you do not have enough time to waste it by filling in all your forms. You need fast money to cover that unforeseen expense and you need it now. It is in these cases when Approved Money becomes one of the best options to help you. We tell you why.
Simple new online payday loans
It is important that you consider these requirements because otherwise your online payday loan will be denied. Read requirements for online payday loans carefully in my latest blog post and, if you meet them, you will not have trouble receiving your money quickly.
- Age between 18 and 65 years.
- Permanent residence in Spain.
- Have ID
- Have a mobile number.
- Have a credit or debit card.
- Minimum monthly income of € 500.
- Have a demonstrable job.
- Not be inscribed on any list of delinquents.
What is Approved Money?
Approved Money is a Spanish company that belongs to the world’s leading group of the microcredit concession. Its mission is to facilitate small loans of up to € 600 to be repaid in a maximum of 30 days and giving you the possibility to choose between 7, 21 or 30 days.
Best of all are the limited requirements they demand and the speed of their system. In less than 24 hours you can have money in your bank account, saving you the queues and paperwork typical of the banks. From the beginning you will know the amount of interest to be paid, there are no surprises at the end of the process. In addition, by belonging to the Spanish Agency of Microcredits, you have the guarantee that your service is transparent and responds to good practices.
How Approved Money works
- Select the amount of money and time in this simulator. You will immediately know the interests you have to pay for your online small-credit.
- Send the form once you fill it with your personal data.
- Approved Money will send you an SMS to verify your mobile phone.
- You must provide your credit or debit card number.
- Dispose of your money in a short time, if your application has been approved.
It is as simple as choosing in your simulator the € 200 you need to return them, for example, in 21 days. You instantly know that the total price of your small loan is € 250, € 50 corresponding to interest and APR.
As with any other company that grants small loans, the first loan is limited to one amount. In this case € 300. As you show your responsibility for the repayment of your small loan, Approved Money’s confidence in your creditworthiness increases and you can apply for larger loans. The maximum limit is € 600.
Approved Money makes it easy for you. To pay your small-credit, you can do it by bank transfer or through a debit card by accessing the Customer Area section of your website. Make sure there is enough balance in your account on the expiration date of your term to avoid last-minute unforeseen events.
You have to take into account what transfers from one bank to another take if you are going to use this means to pay off your debt. You must indicate your reference number + ID so that they can correctly identify the return of your small-credit. But what if you need more time?
You need more time to pay your mini credit
At the end of the term in which your loan expires, you may not have enough cash. Without knowing very well how, the date has arrived and you do not have the money. Do not worry. Approved Money gives you the option to extend this period up to 30 more days. You have the option to choose to have 14, 21 or 30 more days. Of course, this increase in the term will have a cost that will depend on the amount of your loan and the chosen repayment term. In this way, you can have more extra time.
Penalties for non-payment of the online loan
If the date on which you have to pay off your mini credit arrives, you will not do so, Approved Money will apply various delay charges. You will have to pay all the expenses incurred.
If after a while the credit amount is not returned, this financial entity can transfer your personal data and those of your debt to the Credit Rating and Fraud Prevention Agencies. This means that these companies will be responsible for collecting your debt. On the other hand, this type of action will harm you, since you will not be able to request another small loan in this company or in any other.
The penalty will be 7% of the amount of your outstanding loan, with a minimum of € 10 and a maximum of € 50. Days 7, 25 and 55 will be applied counting from the expiration of the loan.
The first premise when requesting an online small loan is to have clear and planned the way in which you will repay or cancel your small loan. You should not use it to settle other debts or as a long-term financial solution.