Direct lender payday loan -We offer easy online direct payday loans to everyone
It is true that 500 € can present itself as a minimal sum, but for the case of a need for urgent money, it can be of great help. Moreover, in the context of a personal loan, one can borrow the minimum sum of 200 euros. Despite the urgency of the situation, it is not advisable to rush and contract directly with the first banking institution that comes. You must be careful between the speed of granting the loan and the cost of the interest rate. How to get a loan of 500 euros at the best rate in the shortest time?
Need help paying off bills? We offer easy online direct payday loans to everyone
An unexpected event does not prevent and the majority of households do not usually have enough income to save money. In case of illness, for example, it can be difficult to raise money to pay for medical expenses. This is why different banks, especially online, have put in place consumer credit offers that are perfectly adapted to the needs of each borrower. Among them is this loan.
This loan request money can also result from a purchase. Some borrowers who do not wish to impact their budget also decide to undertake an easy online direct payday loan to fill their cash. This can happen when buying household equipment, for example. It also happens that loan is often contracted by individuals who do not have access to the various banking systems and who are moving towards online lending institutions. With this small sum, banks are rarely interested in this loan application.
This banking product is classic. By applying for consumer credit, you can make a loan of 500 euros without proof. Thus, you can be free to use your money without having to assign it to this or that project. After the simulation, you will be offered the loan organizations that can grant you the desired amount, you will have to choose the one that has the best rate with monthly payments and the adequate repayment period. The acceptance of your request will depend on your situation as well as your ability to repay.
Credit 500 euros in revolving credit
One of the most effective ways to get a 500 euro loan is to have a revolving credit agreement without proof. In this way, no withdrawal period is expected. Indeed, for any new loan application, it must be remembered that a withdrawal period of 14 days is imposed. During this period, the borrower will have the option of terminating the contract and no payment will be made. To avoid this delay, if you often need a small amount of money, you may consider taking out a revolving loan. Thus, you will have at your disposal the amount of money you need as you make the repayment.
The duration of a permanent credit is 1-year renewable. However, one of the disadvantages of this type of loan remains its high cost compared to other types of personal loans. While the revolving credit remains accessible with particularly simple procedures, it often exposes the borrower to the risk of debt distress.
Compare 500 euros credit offers
While the vast majority of loans of 500 euros are mainly offered in revolving credit, online credit companies still offer, subject to some conditions. Just like looking for a consumer credit with a slightly larger amount, it is recommended to first go through a comparator before signing. This will not only allow you to find the best rate but will also give you the opportunity to compete.
To make a comparison of loan offers, you must mention the desired amount, that is to say, 500 euros, indicate among the choices offered by the comparator the type of your project and fill in your details. The lending institution may also ask you for proof of income.
To give you an idea of the offers, it is possible to find an APR of 11.99% on a refund of 11 months against 12.90% for 12 monthly payments. It is therefore very important to check the interest rate, which can vary depending on the due date, various fees, and other criteria.
The credit of 500 euros: personal loan between individuals
Due to the low cost of the loan 500 euros, conventional banks are increasingly reluctant in granting this credit. That is why various platforms have emerged to offer other forms of loans more accessible and more adapted to each request. From this follows the loan between individuals. His principle is quite simple. An individual decides to borrow money from an individual who wants to lend money. The contract can be done verbally, especially between relatives, or with the drafting of contracts or at least a debt recognition.
As part of the loan for consumption, the loan between individuals is regulated, especially when the amount exceeds € 760, and the borrower must declare. For its part, the individual lender is also obliged to declare it in his annual income.
The advantages of a loan between individuals are multiple. For the lender, it can present itself as a more profitable investment than a simple investment. Easy to set up and secure thanks to intermediary organizations, it allows those who need money to have the required amount quickly. Some people who do not have the possibility to make a loan from banks can benefit from credit through the loan between individuals.
Gather the conditions to obtain a loan of 500 euros
In the case of a personal loan without proof, the lender does not generally require proof of income, nor explanations concerning the destination of the funds. However, it must always be taken into account that the first criterion for credit is solvency. You must have a stable and regular financial resource. If not, a pledge or a bond may be required.
For these two forms of conditions, certain rules must also be respected. For the pawnshop, you must, among other things, present a proof of residence and ownership of the property and a valid ID. As for the surety, this is a natural person who stands in your place. In the event that you, the lender, will be unable to repay your loan, this individual will have to take care of it.