Loan - First loan up to $ 300 with just the DNI
(Analysis assessment)
Are you in Credit Checker and need money? Access our complete and updated list of loans with Credit Checker .
Prestamer : The online loan robot! (APR 350.4%)
| What type of financing does Prestamer offer? | Quick credits , Mini- credits , Loans with Credit Checker , Loans without payroll |
| What is the maximum credit granted by Prestamer? | € 1,000 |
| And the minimum? | € 50 |
| How much can I have in the first loan? | € 300 |
| Is the first loan free and interest-free? | NO |
| Do you have other offers? | NO |
| What is the maximum term that the Prestamer allows to return the money? | 21 days |
| And the minimum return period? | 5 days |
| How long does it take to give me an answer? | Minutes |
| In what time will I be able to have the money? | Between 1 hour and 48 hours |
| Do I need to have a payroll to access Prestamer's mini-credits? | NO |
| Will the Lender request a guarantee from me? | NO |
| Will my application be denied if I am on Credit Checker? | NO |
| What is the maximum debt that Prestamer allows in Credit Checker? | Does not specify |
| Can I request a loan from Prestamer if I am a company? | NO |
| What if I am self-employed? | YES |
| Will you accept my application if I am unemployed? | YES |
| What if I am a pensioner? | YES |
| Is there a maximum age to request a loan with Prestamer? | 65 years |
| And a minimum age? | 18 years |
| Are there any other requirements? | Spanish nationality, mobile phone, bank account |
| 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? | Up to € 200 without savings, More than € 200 reduction in additional costs |
| Is there a possibility of an extension? | YES, 7, 14 or 21 days |
| What are the costs and expenses of extending the credit? | Accrued interest |
| Do you have a simulator on your website? | YES |
| Does your simulator include the loan costs? | YES |
| And the extra costs like the extensions? | NO |
| What means does Prestamer 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? | Card, deposit or transfer |
| Which banks do you work with to streamline procedures? | La Caixa, Santander |
| 7 day credit | 15 day credit | One month credit | |
|---|---|---|---|
| For € 100 | € 107.66 | € 116.42 | € 100 | 21 days | € 123 |
| For € 300 | € 323 | € 349.28 | € 300 | 21 days | € 369 |
| 7 day credit | 15 day credit | One month credit | |
|---|---|---|---|
| For € 100 | € 107.66 | € 116.42 | € 100 | 21 days | € 123 |
| For € 300 | € 323 | € 349.28 | € 300 | 21 days | € 369 |
Prestamer: Analysis and opinion
Highlights: Easy approval loans 
Loan is a financial company that offers quick mini credits with minimal documentation and that operates in an automated way. This means that the request to Loan can be made at any time of the day or night, on a business day or a holiday, and that a response will be obtained in a matter of minutes without having to wait for a person to review the data provided.
If you have an emergency or need the money with total immediacy, you can know the particular characteristics of Loan, do not stop reading and discover them below.
How much money can you get with Loan
The amounts that the Loan offers range from 50 US dollars as a minimum amount to 1,000 US dollars as a maximum amount . Establishing an initial limit of 300 US dollars for the first credit, which in the case of a satisfactory return will cause an immediate increase in the available limit, reaching 1,000 US dollars of maximum money.
Loan repayment terms
Loan establishes the maximum repayment period in 21 days , a fact that we must take into account if we decide to operate with them, since if we cannot make the payment of the loan within the established period, we will have no choice but to use an extension and Therefore, we will end up paying higher interest.
Requirements
As in all quick credit products, the requirements to be able to access one of these loans are very easy to meet, since its objective is to be able to reach as wide a group of people as possible . Legal age of majority is a basic requirement, and you must also have Spanish nationality, have a working mobile phone and register on the Loan website .
Although it does not explicitly refer to Credit Checker, it should be noted that the Loan is one of its advantages that the credit history is not final for the granting of the loan or not . This, translated into plainer language, means that each application will be treated individually by studying a set of factors, and that having a damaged credit history does not make it impossible to obtain the loan. It will be one of the points that your automated system will take into consideration, and depending on the set of circumstances of each person, it will be considered or not as a problem.
How the application process is done
If we decide to request a loan from Loan we have to follow a simple process that only lasts a few minutes . First of all, we have to go to the Loan website and create an account, for which we will have to provide a series of data through a form and send a copy of the DNI.
Next, we need to specify the desired amount, the term in which we intend to pay the loan and indicate the way in which we are going to make the payment, from among the 4 options that are offered .
Once the response with the acceptance has been received (which occurs in 9 out of 10 requests), it only remains to sign the contract, -which is carried out effectively by confirming the loan conditions via SMS-, so that it can be put into effect. the money delivery mechanism works.
When the loan money is received.
At this point, the difference between the delivery of the money by the Loan and the possibility of being able to access it must be made clear. As we have pointed out, Loan works through an automated system - in fact on its website it is mentioned that no human factor influences the decision - so it is possible to obtain approval and delivery of the money practically immediately, but the possibility of having it it will depend, as always, on the banks' working hours.
Therefore, it does not differ too much from any other microloan. In the most favorable cases, the money will be available within a maximum period of one hour , and in cases such as when the loan is made overnight or on the weekend, it will be necessary to wait until the next day or the next business day. In all likelihood, whatever the circumstances, it will be received within a maximum of 48 hours.
Loan repayment
We can return the amount received in a maximum of 21 days , although it is possible to do so before that period and reduce the interest payment. There is also the possibility, already mentioned, of requesting an extension if the deadline arrives, the money is not available to complete the payment. This solution will make the loan a bit more expensive, but it is always a better option than being in default.
To proceed with the return there are several payment systems, which are managed from our personal area. These systems are card, bank transfer, Trustly and, finally, there is also the option of making a payment in cash .
Contact details Loan
You can contact Loan by phone or by email from Monday to Sunday from 09:00 to 21:00 .
- Email : support@prestamer.es
- Telephone : 91 290 99 74
conclusion
Resorting to the services of Loan can be interesting in some cases and not so much in others. Taking into account that your interests are not exactly low, and that you have 21 days to return it, it is convenient to be very sure that you will be able to proceed with the payment on the scheduled date before launching to request it .
However, these less favorable aspects are not the only ones to consider. There are factors such as the possibility of requesting up to 1000 US dollars that are a plus - other financial companies have much lower limits - and being able to return the money at any time and pay interest only for the time that it has been available is another. Advantage not to be overlooked.
If a payment has to be made on a certain date on a mandatory basis and the money is not available until a few days later, it is a smart way to solve the situation without the cost of the solution being too high.
Other advantages that must also be noted and that in many cases can be definitive, to choose Loan as financial, are the very little documentation to present (just the DNI) and the high level of acceptance that it presents, and that exceeds 90%, which for people with credit history problems, and who are often rejected in other entities, can be a notable relief.
