Mini fast credits, from Bangladesh to Europe

Mini fast credits, from Bangladesh to Europe

Although the origin of the mini credits has a social feeling, since its objective is focused on improving the purchasing power and the living conditions of the most disadvantaged sectors of the Bangladeshi population, the truth is that this unique financing formula has come stomping to Europe and the sector of mini fast loans has grown exponentially in recent years, becoming a quick solution to the lack of liquidity in times of crisis.

5 mini loans for € 1 a day or less

The mini fast loans have landed in Europe to offer us economic help and to solve, without having to go through the bank, any unexpected economic event that surprises us in moments of low solvency. In the following table we will see which entities charge less interest so that you face specific problems as quickly and economically as possible:

Lender Maximum amount Cost € 100 to 30 days
Them good! € 600 (€ 300 new customers) € 30
€ 14.85 (code HMC0815)
Vipus € 800 (€ 300 new customers) FREE new customers
€ 24
Gyzoo € 800 (€ 300 new customers) € 30
Alright Money € 600 (€ 300 new customers) € 30
PedroDinero € 500 (€ 250 new customers) € 30
€ 25 free gift and 7 days with the Sponsor Program

Quick mini credits adapt to developed countries

The lenders have applied the new technologies to the sector of the fast mini credits, demonstrating that the derivatives of the Big Data allow to value the credit capacity of their clients in a more effective way , adapting a financial proposal that was thought under a solidarity philosophy to offer economic support to another level in developed countries.

Through web platforms, interested parties can request fast mini credits and get the money they need in a few minutes . They are also loans of small amounts, usually not exceeding € 600, although we can find lenders who grant up to € 800, whose repayment term is up to 30 days, hence the concept ‘mini’.

The interest rate on the microcredits of Muhammad Yunus , the promoter of the initiative, is very low. Its intention is to facilitate reimbursement to borrowers, a trend also followed by private entities that grant quick mini-credits. However, it is necessary to clarify that, although the lenders make a calculation of the APR of the loan, that figure does not correspond to the real price of the service, but refers to the cost it would have if the money were repaid in one year. Remember that the price of mini loans depends on the daily interest that each lender applies and that it is adequate so that it can be repaid without problems within the agreed term, becoming an affordable formula for the majority.

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