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How long does it take to enter a loan?

When we need urgent money to solve an economic emergency, we urgently need to know how long it will take for the money to become effective in our account.

The time it takes for a lender to get you the money for your quick credit will depend on several factors: the amount you request, that you have correctly filled in all the fields of the application, and that you meet all the requirements.

How long does it take to enter the credit money?

If we ask for a quick personal credit of € 5,000 or less, the request will be answered in a matter of minutes.

The companies that grant this type of loan do not ask for much documentation, and that is why the process of evaluating your credit is so much faster.

The time it takes to evaluate, accept the credit and make it effective can be less than an hour if we follow these steps:

  1. Make the request within the working hours of the lender. If not, it could be that you received the answer the next day.
  2. Do not ask for more money than you can return. The company will look at our income level to know if we can return the money, and in case we can not return it, we will deny the request and we will have to find another lender.
  3. Fill out the entire form correctly and send all the documentation requested. To grant us the quick credit they will ask us for our personal and banking information, our mobile number and the email to contact us.
  4. Apply for a quick personal loan to more than one company at a time so that you increase your chances of being accepted.
  5. Make sure the lender works with the bank where you have your account. If the lender does not work with your bank, the transfer of the money could take up to 48 hours to reach your account.

Following these steps, we can have in 15 minutes in our account the money we need.

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Quick personal credits of more than € 5,000

In this case, depending on which lender is the one to whom we request the loan, the money could take between a few days or several weeks.

We must understand that this is because the amount requested is greater, which makes the lenders take more time to carefully evaluate our profile.

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In addition, they will ask us for more documentation, which will also make the process a bit longer.

The good news is that once you have approved the loan, you will have the money in your account in less than 24 hours. 

What requirements should I meet? 

The private lenders also have a series of requirements that we must meet in order to accept the loan application, although they are less demanding than conventional banks. These requirements are:

Be of legal age Depending on the lender and the purpose of the loan, the minimum age may be 18, 21 or 25.

Reside in Spain To prove that we reside in Spain, they will request our DNI / NIE.

Have a sufficient source of income. For small amounts, we will not need to have payroll, it will be enough with a pension or unemployment benefit that proves that we have a stable source of income.

Have a mobile phone and/or email address to which the lender can contact us.

If you want fast and urgent money, remember to use the steps we have given you, and in case any of the lenders does not accept your request, send the form to several.