Fintonic - Loans up to $ 50,000 without paperwork
(Analysis assessment)
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Fintonic : We get your loan (APR 4.75%)
| What type of financing does Fintonic offer? | Fast credits , Loans without endorsement |
| What is the maximum credit granted by Fintonic? | € 50,000 |
| And the minimum? | € 1,000 |
| How much can I have in the first loan? | € 50,000 |
| Is the first loan free and interest-free? | NO |
| Do you have other offers? | NO |
| What is the maximum period that Fintonic allows to return the money? | 96 Months |
| And the minimum return period? | 3 months |
| How long does it take to give me an answer? | 5 minutes |
| In what time will I be able to have the money? | Less than 24 hours |
| Do I need to have a payroll to access the Fintonic mini-credits? | YES |
| Is Fintonic going to request a guarantee? | NO |
| Will my application be denied if I am on Credit Checker? | YES |
| What is the maximum debt that Fintonic allows in Credit Checker? | € 0 |
| Can I request a loan from Fintonic if I am a company? | NO |
| What if I am self-employed? | YES |
| Will you accept my application if I am unemployed? | NO |
| What if I am a pensioner? | YES |
| Is there a maximum age to request a loan with Fintonic? | 65 years |
| And a minimum age? | 18 years |
| Are there any other requirements? | 100% online. Internet access essential |
| Can I use Instantor to validate my data? | NO |
| Can I cancel my credit early? | YES |
| Does the cancellation imply any expense or savings in the total cost of the loan? | No costs |
| Is there a possibility of an extension? | YES |
| What are the costs and expenses of extending the credit? | Interest generated |
| Do you have a simulator on your website? | YES |
| Does your simulator include the loan costs? | NO |
| And the extra costs like the extensions? | NO |
| What means does Fintonic offer to receive my money? | Wire transfer |
| Can I receive the money with Hal-Cash? | NO |
| And what are the accepted ways to return it? | Transfer or deposit into bank account |
| Which banks do you work with to streamline procedures? | BBVA, BANKINTER, BigBank, Unicaja, EVO Finance, Wizink, Younited Credit, Creditea, Zaplo, Wanna |
| Monthly payment with personalized fee |
Fintonic: Analysis and opinion
Highlights: Final conditions according to credit profile 
Fintonic is a popular mobile application that allows users to optimize the management of their personal finances, who provide their financial data and then receive offers adjusted to their economic profile of up to 50,000 US dollars .
But, how exactly does Fintonic work when applying for a loan? What conditions or requirements must be met to have access to financing? Is the money granted by Fintonic or by third parties? To all this is what we are going to answer next.
How Fintonic loans work
Thanks to the financial information that the user provides to the application once it is installed on their mobile phone, Fintonic has a very precise global idea of the user's chances of success when borrowing money.
Fintonic has an index called FinScore, which calculates the financial capacity of the potential applicant. This index is a solvency index, and it is established in a range that goes between 0 and 900 points .
To grant the FinScore valuation, the app analyzes not only income, but also your financial habits, and what the money is usually spent on.
If the FinScore is less than 400 points, the same application recognizes that the user is not eligible to receive a loan , because his solvency does not cover minimum guarantees.
From 400 to 900 points , depending on the value obtained, the chances of obtaining financing are increased , in greater quantity and better conditions.
A normal user profile is between 600 and 700 points , and with that assessment it will be relatively easy to get a loan .
Users whose FinScore is between 400 and 600 points may have more problems, while a valuation higher than 700 points guarantees that access to financing is possible , and also, in general, on quite advantageous conditions.
What Fintonic does when managing a loan is, based on this index, act as a mediator with the banks, searching among the different loan offers available for the ones that offer the best conditions.
And not only that, they also negotiate so that these conditions are as favorable as possible to the client.
Fintonic loans: conditions
To request a loan through Fintonic it is necessary, of course, to be of legal age and a user of the application . In addition, it will be essential to have a payroll , which guarantees us and guarantees our solvency capacity to comply with the repayment of the credit, not being possible to access their services if we are unemployed .
The request is carried out through the app itself, in just 5 minutes and without the need to send any information.
The minimum loan amount to request is 1,000 US dollars , while the maximum is up to 50,000 US dollars . The interest conditions are variable, the best being 4.75% APR, and the least advantageous of up to 39.97% APR .
The user decides the amount and the quota that he wants, being the indicated return periods between 3 and 96 months .
With this data and the information that the app already has, in 24 hours a series of non-binding proposals with certain financial entities are obtained.
The last word, in any case, belongs to the financial institution, which is the one who has to approve the operation and who can request information as a means of verifying that the level of solvency is equivalent to that provided by Fintonic.
Contact information Fintonic
Fintonic provides users with different contact channels :
- Email: help@fintonic.com
- Landline: 91 192 03 30
Fintonic's customer service hours are from Monday to Friday from 09:30 to 19:00.
Advantages of requesting a credit in Fintonic
Is it worth applying for a loan through Fintonic taking into account that the platform is not the one who grants it? To clarify the usefulness of Fintonic in this regard, here is a summary of the advantages it offers to the user:
- Fintonic does not charge the user anything for the management. It obtains its benefit from commissions that are paid by the financial companies to which it is connected,
- The user receives a response within 24 hours with specific proposals,
- It does not require paperwork. The request is carried out based on the information that the user already has Fintonic,
- Depending on your solvency, you can access significant amounts (up to 50,000 US dollars) and very advantageous interest (4.75% APR),
- The loan can be granted by a bank other than the user, without having to open an account or buy associated products,
- It is not necessary to create any relationship with the entity granting the loan,
- Personal information is not shared with the banks to which the request is made,
- In addition to all that, the App itself advises the user on how they can improve their credit profile, and reports on the amount they can achieve and at what interest, without having to consult with different banks one by one.
With all this in mind, Fintonic is a very interesting app , not only to be able to achieve an optimal management of personal finances, but also as a tool to achieve credits in excellent conditions, freeing the applicant from the task of having to individually consult different entities.
What amount do Fintonic loans offer?
Fintonic offers us an intermediation service with banks, designed to find the loan that offers the best conditions, allowing us to request amounts from 1,000 US dollars to 50,000 US dollars .
How long do we have to make your return?
The collaborating entities of Fintonic establish different repayment terms based on their own return policies, although in general they agree to establish quotas from 3 months, with a limit of 96 months to comply with the return payment .
Is it necessary to download the Fintonic App to request a loan?
Although we start the application process through its website, when we finish Fintonic it will ask us to finish the process by downloading its application .
To do this we will only have to provide the required data and link our bank accounts necessary for the application to calculate our FinScore, based on which a loan relationship can be established according to our credit profile.
What is the FinScore?
It is a credit score, or solvency index, used by Fintonic to evaluate the individual situation of each client.
This index establishes a range that goes from 0 to 900 points. From 400 points, Fintonic considers clients eligible to obtain a loan , so that depending on the value of our FinScore, we will thus have more or less possibilities of obtaining financing.
Why does Fintonic request the customer's bank codes?
The reason why Fintonic requires that we provide the access codes to our online banking, is because it is necessary to have this information to have access to our bank movements and thus calculate the value of our FinScore .
Is the money granted by Fintonic or by third parties?
Fintonic does not function as a loan entity, acting as a mere intermediary between us and the different banking entities with which it collaborates, who are ultimately responsible for deciding on the granting of the loan in question.
What entities collaborate with Fintonic?
The banking entities with which Fintonic collaborates to obtain our loan are: Santander, BBVA, Bankinter, Unicaja, Wanna, Younited, Cajasiete, Wizink, Creditea, Monedo Now, Capital on Tap, Zaplo, Gedescoche, Ibancar or Movistar Money.
Is the offer received by Fintonic binding?
No, the financing offer offered by Fintonic is indicative and not binding since it is necessary to have the final approval of the financial institution in question, who may also require certain checks to be carried out before agreeing.
In what period will we have the money?
Although the processing process with Fintonic does not take more than 5 minutes, the period that elapses from when we send the request until we receive the money will depend on the bank that approves our request.
In this way, we will have to wait to confirm the operation with the bank to know how long we will be able to have the money in our account.
Can we cancel the credit before the contracted term?
To be sure that the entity that grants the credit accepts the early cancellation, we will have to consult its financing conditions and make sure of the cost of the commission.
We can clarify doubts regarding our loan by contacting Fintonic through the following email address: infoprestamos@fintonic.com , or by contacting the following telephone number: 919 017 053
