Are you thinking of changing cars but your salary does not allow it? Do you need a personal loan to make that small reform at home that you have been putting off for so long? Do you get married soon but don't have enough money to cover all expenses?
Then you have reached the right place, because thanks to Money Now you can request up to € 5,000 and in a few minutes you will have it in your account. And when asking for a personal loan it is very difficult to find out what are the conditions that best fit your needs.
If the traditional banks have closed the doors and do not let you apply for a quick loan, do not worry because Money Now makes it easy for you and does not ask you as many requirements as you think.
With Money Now, forget about the endless queues at the bank and so much paperwork, as you can get your personal credit from the comfort of your home and as quickly as possible. Do you want to know more about this financial institution? Keep reading and pay attention to everything we tell you below!
What is Money Now?
It is normal for you to ask yourself these types of questions, since before applying for a loan it is very important that you have the assurance that there is a serious company behind the financial institution. Who is behind Money Now? This entity is backed by the Credit Tech group, a company that already has many satisfied customers in a wide variety of points in Spain. Customers who have not only tried the entity once, but repeated several times for the speed of service and the peace of mind it brings.
What star products does Money Now have? This financial institution offers you fast loans of up to € 5,000 to be returned within a maximum period of 48 months, and also has a Pay Money. Money Pay is an electronic wallet, a prepaid virtual card that works like any credit or debit card but without having an associated bank account. An easy and fast option to have your money controlled and instantly.
How do Money Now personal loans work?
It is a fairly simple process, in which it is not necessary to leave home to complete the process. You will only need to have access to the internet, enter the Money Now page and follow a few steps that the entity asks for. We'll tell you next!
- Choose the amount and term to repay your loan. As soon as you access the website of the financial institution, the first thing that appears is the following sentence: “I would like to obtain a loan of X amount to be repaid in X installments”. This is where you have to indicate the amount of money you need and the term in which you will be able to make the return of personal credit. Keep in mind that you can request up to € 5,000 and return them within a maximum period of 48 months. In case you need a small amount of money up to € 750, you can only return it within a maximum period of 3 months. Once you have decided the amount and term to return, you just have to click on “Get your loan”.
- Create your account in Money Now. In the next step you just have to put your email and phone number.
- Indicate your bank. This step is for the entity to connect with your bank to be able to send you the personal loan once it is accepted.
- Fill in your information. Here you must fill out a simple form with your personal data.
- Receive the Money proposal. Once Monedo Now has received your request, the entity will send you a credit proposal. If you agree you will only have to accept it.
- Collect your money Once the previous procedure is done, your money will arrive in less than 15 minutes to your bank account. Of course, keep in mind that depending on your bank it may take 24 to 72 hours to receive it.
Requirements to request your fast personal credit
If you are wondering about the conditions that you must meet to apply for your personal loan with Money, you have it easy, because it is not necessary to have a long list of requirements.
So, what requirements does Money request to request a fast loan? Take note because they are the following:
- Be of age.
- Have a valid residence in Spain.
- Have the identity document in order and updated.
- Have a mobile phone and email account.
- Be a bank account holder.
- Reflect your monthly income (proof of payroll, pension or unemployment benefit)
What interest rate does Money have?
Once you apply for your personal loan, Money will indicate the interest you have to pay for the credit. If they do not convince you, the entity gives you the possibility of rejecting them at the same time.
To give you an idea of the interest of the loans in Money, we are going to give you some simple examples:
- If you request a loan of € 500 to be repaid in 3 months, you must pay a total of € 315 in interest. The total being € 815.
- If instead of repaying your € 500 loan within 3 months, you repay it in 6 months, the total interest you will have to pay is € 390, the total you have to return to the entity of € 890.
What happens if you are late with the loan repayment?
If it takes you to return the requested credit, you will have to pay a surcharge according to the days you have taken to pay it all:
- If you delay 6 days. You have a 2% surcharge on the original loan amount.
- If your delay is 20 days. You will have to pay 5% interest on the requested capital.
- If the delay is 30 days. You will have to pay 13% on the credit obtained.
Pay Money Card: Your digital wallet
What is Money Pay? It is a prepaid card that works like any other credit or debit card. It is not necessary to have a credit line or a bank account.
To put this electronic wallet into operation, you just have to transfer money from your bank account to Pay Money. So that with it you can do the same as with your usual credit or debit card: Take out money, buy, and make transfers to other accounts, among other things.
What advantages does Money Pay have over your current account or card?
Thanks to Money Pay you can avoid the following inconveniences:
- The overdrafts. You will only spend what you have deposited on your card.
- The theft of data. The card is virtual and cannot be stolen so easily.
- In case of theft or loss of the card, they will not be able to steal your money, since you can cancel it immediately.
What do you have to do to request it?
Since it is not a financial product, to request it you must only be of legal age, have an email and mobile phone. As simple as that.
Opinions about Money Now
The vast majority of Money Now customers agree on the satisfaction offered by the company, both for the management carried out and for the treatment received by the personnel of the personal loans financial entity. If you do not believe it, we leave you some of the opinions of real clients: