Mini-credits without payroll or endorsement of up to € 600!
If you are looking for a good mini – loan company, you should know New Credit . It is a financial entity that offers this type of small loans, fast and without endorsement with very good conditions. You want to know more? Keep reading!
Who is behind this entity? Is it legit New Credit?
CreditoNuevo.es is a financial institution dedicated to mini-loans and belongs to the Flash Credit SA group , located in Barcelona. Or, rather, it was, because it is no longer possible to hire mini-credits with them.
In the last section of this article we are going to give you alternatives to this company so that you do not stay without hiring your mini credit. But, meanwhile, we are going to delve into the explanation of CréditoNuevo, because it is an entity that has been important and, after all, you have come here looking for information about them.
Therefore, there is not much to say about the reliability of Crédito Nuevo. It was a reliable company, but it is no longer operative, so it does not make much sense to talk about how reliable it is or it stops being … Because you can not hire your mini-credits !
The New Credit Mini Loan
Now, after seeing the reliability of the company, it is time to see the general characteristics of the loan offered to us. You will see that it is a pity that we no longer offer those good characteristics!
- Up to € 600, whether you are a new client or not: If you are thinking of asking for a microcredit and have compared companies, you will see that the usual maximum for new clients is € 300. However, Crédito Nuevo offers you double! It is a very interesting option if you see that the € 300 is not enough to solve the unexpected that has arisen.
- Maximum period of 21 days and minimum of 14 days: New credit, sets the maximum return period in 21 days. This, although it may seem like a short time, is a term according to the type of product we are talking about.
- They send you what you ask for less associated expenses: This feature is a novelty with respect to most companies in the microcredit sector. With Crédito Nuevo, the expenses are discounted from the amount to be received. That is to say, if you ask for 100 euros for 21 days, you will receive approximately 80. At the end of these 21 days, you will return the 100. This helps the clients not to fall into excessive debt.
- The hours of operation are from Monday to Friday, from 9:00 a.m. to 5:00 p.m.: If you opt for new credit as an option, besides being, in principle, a good option, you can contact them almost always. They will attend you every working day, from 9 a.m. to 5 p.m.
- The process is quite fast : Although this is a maximum pursued by companies in the microcredit sector, it is not always achieved in the most appropriate way. New Credit does. The process of applying for your loan will be quick and simple. You will not have to suffer long waits and endless paperwork.
- Web visual and easy to use : It is quite uncomfortable when we are facing an important purchase or request and the medium we use does not accompany. It is not the case of Crédito Nuevo, its website is easy to use and guarantees a comfortable and guided process.
Requirements to request it and other conditions
Of course, to qualify for the microcredit, it was necessary that you meet certain requirements. The requirements of this company are the following:
- Be over 21 and under 70: As in most microcredit companies, you must be over 21 years old to be able to access the microcredit application. The maximum of 70 years, although it may impact something else, you will find in any of the companies in the sector.
- Have ID: As you have imagined, you need to provide your ID to apply for the credit. In the case that you have NIE: Do not worry! It is also perfectly valid and accepted.
- Reside in Spain: In this case, Crédito Nuevo, is operating in Spain, so the regulation allows you to offer micro-credits to people residing in this country. Therefore, it is necessary that you be a resident in Spain to have your application approved.
- Have a telephone number: This requirement is as simple as it is important. In the application process you will be asked to provide your mobile phone number. This is important because here they will notify you if the credit has been approved or not.
- It is not necessary to have payroll: Crédito Nuevo does not have as an indispensable requirement that its clients contribute payroll or endorsement. This, in certain cases, can be a very positive feature.
- Have income: Although having payroll is not a requirement, it will be necessary that you can demonstrate some type of income. This can be done through a bank statement.
- Also for freelancers: This credit is not only aimed at retirees, workers or pensioners. Unlike other microcredits, it is also open for self-employed people.
- Not having other active credits: As in any credit company, until the credits that you have assets are closed, you will not be able to request new ones. Of course, at the time you close the first, you can request the second immediately.
Procedure to obtain your mini-credit
Once we have seen what were the minimum requirements to get the mini loan, let’s see what was the procedure to get it. As you can see, it was a very simple process:
- Register on the web: The first step, as you can imagine, is to register on the Credit Nuevo website. In this step, you choose the amount that best suits the needs you have at the moment. In addition, you will have to provide personal information. Nothing special. The usual in a registration process: name, age, ID, bank account …
- Confirmation by the company: The company, after verifying and validating your request, must issue a judgment on whether it approves your credit or not. For this analyze if you meet all the requirements we have detailed in the previous point. At the moment they make a decision, which is usually quite fast, they notify you via SMS. Whether the credit is approved or not.
- Transfer: The last step is the goal of all this: to send you the money. In a matter of minutes after you receive the confirmation message, you will have the money in your account. Remember that you will receive the expenses and costs already deducted.
The whole process was pretty fast. But, we have to insist, although we are talking about how it was still possible to hire him (because it is what you were looking for), the truth is that it is not possible anymore. What to do then? We recommend this other option:
[INCLUDE HERE THE OTHER OPTION]
Customer reviews of their microloans
The opinions of CréditoNuevo were not very good, really . So, it seems unimportant that they have disappeared and no longer offer their mini-loans. Better that bad companies disappear than good ones, and this has happened.
The opinions of the clients of CréditoNuevo place a lot of emphasis on the fact that the company offered very unfavorable conditions for the clients. So, he did not accept ASNEF and they forced you to have a payroll … And that did not mean that the APR was disproportionate!
That is, the APR was 3170%, which is normal for microcredit that does not need a payroll and that accepts ASNEF (because they are incurring great risks). But of a loan that takes so many precautions, the logical thing is that they reduce a little the TAE that they charge.
It is true that it had several positive aspects, such as the ease and speed of the whole process and the possibility of accessing up to € 600 even in the first loan that was requested. However, in our opinion, that does not compensate for the aforementioned negative points.
What alternative to CréditoNuevo is the most recommended?
As we have said throughout the article, CréditoNuevo.es no longer exists and you can not request mini-credits with them. Therefore, if you have come here looking for your mini-loans, we feel disappointed.
But, in return, we have good news: There are many more options to access the mini-loans. And, as you well know, we are dedicated to analyzing all the options available in the market.
In the next section we give you many options where you can choose. However, if you trust our criteria when analyzing these types of companies, we recommend that you receive your mini loan from AAAAA, because they are the ones that offer the best conditions (according to our specialized analysis).