Mini free credits – Quick money without interest

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mini free credits


  • Free mini credits are at 0% APR
  • Requirements to get money instantly without costs
  • Recommendations before hiring free mini credits
  • When will the money come from the free mini credits?
  • Can I apply for free mini loans without payroll?
  • Ways to reimburse free credits
  • Consequences of not paying the free credits
  • Basic paperwork to request free mini credits
  • 7 aspects of interest-free credit forms
  • Security factors if we ask for free mini-loans
  • 3 types of free credits, in addition to the mini credits
  • How did the free mini credits arise in Spain?
  • How can I get money for free and fast?
  • Can we really get free mini credits?
  • Questions and doubts of the financial forum
  • Latest blog posts

Free mini credits are at 0% APR

When we talk about free mini credits we do not refer to loans of amounts not higher than 300 or 400 euros that we must return, as a general rule, after about 30 days in a single fee at zero cost. That is, we only reimburse what was granted to us without paying any interest or commission . As we have said, with free reference is made to not having to pay commissions or interest, which translates into a 0% APR. To trust that a financial product is without interest, commissions, or any other type of cost, we must look at the APR of 0%. It is the only indicator that will really tell us that the repayment of a loan is free.

The possibility of obtaining mini-credit for the first free is only for new customers . In the same way, when we have already hired some other product with one of these mini credit lenders, we have other advantages such as being able to increase the amount requested and the repayment period. However, since the offer of free mini-credits is a way to attract new customers, it is only intended for this first contracting.

When they are not free, the mini credits are loans with which we can get small amounts of money (up to 1,000 euros) that we must return within a period not exceeding 30 days, although there are some entities that will allow us to repay the capital in different installments of two or three months. The average interest of these credit products is around 1.1% daily, which means 33 euros in interest .

Requirements to get money instantly without costs

In the event that we wish to acquire one of these financing products without having to pay anything, we will have to comply with the requirements that we demand. These conditions may vary according to the policies of the financial institution to which we go, although in general we must comply with at least the following points:

  • Be of legal age : we must be 18 or older to apply for free mini credits, although some lenders require that we have more than 21 or even 25 years.

  • Being a resident in Spain : we must have an identity document (DNI / NIE / Passport) that confirms that we live permanently in the national territory.

  • Regular and sufficient income : we must have a regular and sufficient source of income to return the money from the free mini-credit. It is not necessary to be a payroll, since a pension, a scholarship, the salary of a self-employed person or an unemployment benefit also count as valid income.

  • Have a bank account : we must be holders of an active and Spanish current account so that we can get the money from the interest-free mini-credit.

  • Do not appear in a file of defaults : if we are registered in lists like RAI or ASNEF, our financing options are more limited. There are companies that grant mini credits with ASNEF . If this is our case, these are the additional conditions that we must generally comply with in order to access a mini loan:

    • That the outstanding debt does not exceed 1,000 euros , although it will depend on the limit established by the entity. Sometimes it will be 200 or 500 euros.

    • That the non-payment has no relation with banking entities. That is, that we do not have defaults related to, for example, payroll advances or that we do not have bank overdrafts or debts due to credit cards …

  • In order to enjoy the free mini credits we must also comply with the requirements of the offer. In most cases, these are usually returning the money within a certain period of time, getting a friend to request another mini-credit, canceling the mini loan itself before a certain term, being new clients, etc.

If we are inside a file of defaulters and we do not fulfill the minimum conditions to access a mini credit, we will have to make effective our debt with the non-payment creditor if we want it to remove us from the list. In this way, you can take us out of the list of defaulters and we will have a wider range of possibilities to obtain financing. It is not recommended that we pay our debt with a mini-credit, since we run the risk of falling into a spiral of defaults that would be very damaging to our economic situation, although if we are sure we can reimburse it without problems later, we can resort to this option.

Recommendations before hiring free mini credits

It is nothing new that the lenders of mini credits have a rather negative reputation, although, in reality, they offer all the information related to the conditions and characteristics of their products in a transparent and accessible way . In fact, a big advantage of these companies is that they rarely include commissions or the hiring of linked products that could increase the final price of quick loans. The lenders of interest-free mini-loans are totally transparent in terms of the conditions they offer. Of course, if we want to enjoy the advantages they offer, we must strictly comply with all the conditions of the offer we accept and the clauses of the contract.

It is NECESSARY to comply with all the conditions of the contract

It is NECESSARY to comply with all the conditions of the contract






In case of not complying with the bases established in the agreement, the common interests of the mini credit will be applied to us instantly . Also, if we do not return the free mini-loans on time, we will also have to pay the added cost for the interest generated, the delay commissions and an extra commission for giving us the notice of non-payment, which will be between 20 and 30 euros, depending on the lender.

If we spend more time without returning the money, the lenders can include us in a delinquency list, which will close many doors when it comes to obtaining financing. Ultimately, the entity can decide to sue us and take us to trial and in the event that we lose, we will have to pay the costs of it , plus interest and commissions that have been generated until then on the amount we have requested with the mini free credit

Before falling into default, we must contact the entity and check if they give us the option to request an extension to return the mini credit. In this way, we could lengthen the repayment term and have more flexibility to pay all the established installments. Also, according to the policies of the company we go to, we can offer an extension of 7, 14, 30 or up to 45 more days .

If we accept an extension, we must bear in mind that we will have to pay some interest for all the days we have more money. However, it is a much cheaper option than falling into a default , since the daily interests will be similar to the usual ones of the online mini credit and we will avoid that they apply any type of sanction for delay, end up inscribed in a file of defaults or quote us to trial for not having paid the corresponding capital. In fact, if we end up in any of these situations mentioned, we will surely pay much more money than we had planned.

In any case, if we are not sure of being able to reimburse the money from the online mini credit in the established term or to comply with any of the rest of the contract conditions, it is best not to request it, otherwise we can enter into a spiral of debts that will be very difficult to leave. Also, if we end up in this situation, we will probably worsen our credit profile, something that will close many doors for another loan in the future , especially if we want large amounts of money.

When will the money come from the free mini credits?

Depending on the loan product we hire, the money will come sooner or later. In the case of the first free loan, the transfer of the immediate mini credits can even be instantaneous. However, the time it takes us to get the money always depends on what takes the grant of the mini credit, but once the application is approved the income will not take more than two business days. In the case of mini credits, the time it takes to approve the loan can be a few minutes or a maximum of up to two business days. It will depend basically on two factors: the working hours of the lender and the banks with which the entity collaborates . If we make our request within the time of the company, we will receive a response in a few minutes, but otherwise, we will not know if our request has been approved or not until the next business day.

Regarding the income, it will be done immediately, as long as we have an account in one of the banks with which the lender works . Otherwise, the money could take up to 48 hours to reach our checking account. On the other hand, it is important that we make sure that the documentation we send is clear, up-to-date, ordered and perfectly legible . Otherwise, the lender could reject our request and we would be forced to start the application process again or have to go to another free mini credit company.

If we want to obtain more information about the time it can take to get the money quickly to our account and what factors influence, we can download the free HelpMyCash guide “When will your mini-credit money arrive?” . With this useful tool we will know which bank the main lenders of the country work with, how long it will take to receive the money depending on the entity of which we are clients and what are the best tricks to know how to dispose of the capital in our current account as soon as possible.

FREE guide! When will your mini credit money arrive?

When will your mini credit money arrive?

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Can I apply for free mini loans without payroll?

Most private equity entities allow us to get mini loans without interest, although we do not have a payroll to use. However, we will need to justify a source of income that is official and legal, that is sufficient and that we receive it in a regular manner .

These are the 5 profiles that the vast majority of lenders accept as valid for the granting of free mini credits, although provided they meet the previously mentioned characteristics, in principle, they will also be suitable:

  1. Retirees : if we are retired and the amount we receive is higher than the limit established by the lender, we can get liquidity without interest.

  2. Autonomous : if we work on our own and meet the necessary requirements, we can also get free mini-credits.

  3. Landlord : if we have a property for rent and for which we receive income that is monthly, sufficient and justifiable, we can also consider them eligible to obtain the necessary financing.

  4. Unemployed : if we are unemployed and our compensation is sufficient and it is prolonged in a valid period for the lender, they will grant us the free money. This is one of the most delicate profiles, since some companies will not grant us the financing if we are unemployed, no matter how much we charge the benefit. Because of this, it is recommended that, before making a request, we make sure that the company accepts the unemployed.

  5. Scholarships : if we receive income from a scholarship that reaches the limit established by the entity and we receive them periodically, they will be able to grant us free mini credits.

If we comply with any of the profiles previously mentioned, we can access the funding we need. Now, in any of these cases, we will have to deliver some documents that officially credit the economic compensation we receive . For example, in the case that we are autonomous, we will have to deliver a document with the IRPF or VAT; if we are retired, an official document of our pension; if we receive a monthly scholarship, the official document that accredits it; and if we are unemployed, the proof of unemployment benefit.

On the other hand, it is essential that, before requesting the capital, we make sure that the company we go to accepts our profile , since not all of them admit the previously mentioned cases and if we do not inform ourselves, we could waste time in paperwork and negotiations unnecessarily. In fact, out of these 5 profiles, the unemployed tend to be the least likely to be granted financing immediately, since it is the profile with the highest risk of default for private equity companies.

Ways to reimburse free credits

There are several options that we have to reimburse the money granted for the mini credits. Therefore, below we show the four most common payment methods that lenders will make available to us. Although not all of us will offer all these options, so it is advisable that we inform ourselves with foresight to make sure we do it in the correct and most comfortable way possible:

  • Payment in cash . We can reimburse the mini credit with cash through an ATM or the window of an entity. Simply we must indicate the account number of the entity and detail our data in the concept.

  • Domiciliating mini loans . We can schedule the payment of the mini loan installments to be charged directly to our checking account. In this way, the payment will be made automatically at the end of the term.

  • Payment by credit or debit card . As if it were online shopping, we can pay our mini-credits virtually through the entities’ platforms.

  • Bank transfer We can also make a transfer of the money from the mini credit from our account to the account of the entity.

The normal thing is that the free online mini-credit entities offer us the option of depositing the capital in accounts of different banks , so that we can choose the one that suits us best and thus, depending on the entity of which we are clients, we will avoid paying commissions for the transfers and we will also receive the money requested in the shortest time.

The term of the amortization of the capital will depend completely on the type of credit that we choose. While interest-free mini-loans are usually repaid within a maximum of 30 days , repayment periods for personal loans can be extended to 10 years.

Consequences of not paying the free credits

Like all loans, the free credits must be returned within the term agreed with the lender. If we do not, we will have to pay the normal fees of the mini loan for breaching the conditions of the offer and, in addition, we will have to face the cost of the penalties for non-payment. Depending on the free mini credit that we hire, the penalties may be one or the other, but usually these are the steps that most companies follow when a customer is late in paying one of the loan installments:

  • Charge us for the claim of unpaid installments . Private companies usually charge a fixed amount for each reminder of non-payment. It can vary depending on the lender.

  • Apply interest for late payment . The longer we take to return the free mini credit, the higher the default interest will be.

  • Enroll in delinquent records . After one or two months from the expiration of the term, it is very likely that the private entity includes our name in one or more records of defaulters (ASNEF, RAI, EXPERIAN, etc.).

  • Pass our case to a collection company , with all the unpleasant inconveniences that entails.

  • Pass our case to a court . From the third unpaid installment, the company can claim payment of the debt through the courts. In case of losing the trial, we should pay the principal and interest owed, penalties for delay and court costs.

Before hiring free mini credits or any type of financing, we must make sure that we can repay them without problems within the agreed term and without over-indebtedness . That we do not have to pay interest with the free mini credits does not mean that we should request them, since when the term ends, we will have to reimburse the requested capital, that is, we will acquire an interest free debt. In the event that we have any doubts about whether we can comply with the conditions, it is best to avoid requesting them.

Basic paperwork to request free mini credits

Cheap mini-credits are a type of urgent financing, so they are granted very quickly. These loans without interest can be requested 100% online and almost without presenting paperwork. In addition, there are more and more entities that include services to streamline the application and concession process . A clear example is Instantor, which allows us to identify ourselves in the entity with our same banking information. On the other hand, there are many entities that have included their own applications that allow us not to have to send our documentation back to the lender, so the application process will be immediate.

However, entities will ask us to present some essential documents to analyze our solvency and as a general rule, to request free mini credits we will have to present the following documents:

  • DNI / NIE or passport : to corroborate that we are residents in Spain and of legal age

  • Proof of income : a payroll, a pension or any document certifying that we have sufficient monthly income to cover the payment of the loan

  • Bank statement : so that the lender knows our monthly income and expenses

  • Account number of which we are holders so that they can realize the entrance

We must have all our papers updated before sending them , because if we send a copy of our NIE or DNI expired or with a very bad visual quality, for example, the financial institution will reject our request and we would have to carry out the process again from the beginning . In addition, we must also make sure that the copies of the papers we send are perfectly legible and not too wrinkled , as this may be another reason why the lender rejects our application.

7 aspects of interest-free credit forms

To be able to request the mini credits instantly we must fill out an online form with our personal and economic data that will provide the necessary information, together with the documents that we send, so that the lender performs the previous analyzes and approves our request. Although each entity will ask for some data or others, this will be the information necessary to get free mini credits:

  1. Amount and term : will be the first thing we must specify. Normally they have a simulator that will tell us the total to pay according to the amount that we request and the term that we choose.

  2. Personal data : name and surname, date of birth, nationality and identity document number.

  3. Contact information : phone number, email and address.

  4. Economic situation : salary, monthly expenses (rent, mortgage, etc.), extra income, etc.

  5. Job profile : type of work, type of contract, rank, seniority in the company …

  6. Outstanding debts : if we are registered in a defaulter file, we will have to indicate where the debt for which we are on the list comes from and the total amount of the same.

  7. Offer codes : sometimes, if it is a specific offer, they will also ask us for the code to be able to enjoy the offer of free credits.

Filling in the application forms will take a few minutes. Once we send it, attaching the documents that ask us, we can know in a few minutes if they will grant us the free financing. After approving our application, they will send us the contract, which we must read carefully. If we agree with the conditions, we will send an email accepting the agreement and the lender will make the transfer immediately.

If we have any doubt or do not know how to perform any of the steps, the lenders put at our disposal a free service with the aim of facilitating the process and do it as soon as possible . In addition, there are many entities that operate 7 days a week at any time.

Security factors if we ask for free mini-loans

Currently, we can continue to raise doubts when hiring any product online and even more financial. However, when we refer to mini-credits instantly , all the official companies that offer them have a transparent and clear work policy. However, with all the appearance of new mini-loan companies it is important that we take these indications into account:

  • They will never ask us for money in advance , so we should doubt any lender who asks us to send money before granting us the free mini-credit.

  • No lender can take us out of ASNEF in exchange for a certain fee.

  • The information on the lender’s website must be clear and accessible .

  • A green padlock must appear in the address bar.

  • The url of the page should start with https: //.

In addition to these indications, it is important that we search and compare the different opinions and experiences of other users who have previously contracted the product. One of the great advantages of mini credits is that they are completely transparent in terms of conditions and characteristics , so if we follow these tips, we can make a totally secure contract and without any risk.

3 types of free credits, in addition to the mini credits

Mini free credits are loans with which we can get small amounts of money (up to 1,200 euros) that we must return within a period not exceeding 30 days, although there are some entities that will allow us to repay the capital in different installments of two or three months . The average interest of these credit products is around 1.1% daily, which translates into 133 euros for every 100 euros requested at 30 days . However, currently, we can find several companies that allow us to get the money without charging any additional cost, ie, only returning the amount borrowed on the date agreed with the lender.

It is also important that we are aware that free mini-credit offers will rarely allow us to access amounts higher than 300 or 400 euros . However, if we decide to contract other types of credit products, we can opt for larger amounts, although it will seldom be at 0% APR.

One of the main advantages of free mini credits is that they do not include commissions or linked products. In this way, we can know from the beginning how much we will end up paying for them , by selecting the amount we need and the repayment term in which we want to return it. This is possible thanks to the online simulators that include in their web pages that, in addition, do not require that we engage with the lender or anything similar.

In any case, below we show other financial products with which we can also get money without any additional charge:

  1. Credit cards: we can practically get credit without additional cost with all credit cards . However, first of all, it is very important that we make sure that they are always free, that is, they do not include annual emission or renewal fees. Also, if we pay the total amount at the end of the month, we will not be charged interest. However, if we decide to pay the outstanding capital in monthly installments, we will have to pay a cost that will be between 12.00 and 29.00% APR. Another of the great advantages provided by the cards is that they usually include free anti-theft and travel insurance, discounts in different establishments, services and products, bonus programs full of bonuses, the option to participate in raffles, etc.

  2. Payroll Advances or pre-granted loans : many banks offer us the option to advance one or more times our payroll. Some banks will not charge us commissions if we return it in a certain period of time and, depending on the profile we have, we will establish more or less advantageous conditions. To be able to access the payroll advances, we must have a current account that allows us this option and a certain seniority and connection in the bank.

  3. Consumer loans : loans granted, mainly, by department stores or shops and which are intended for the purchase of their own products, that is, they are capital benefits with the aim of acquiring the goods or services that are commercialized by the establishments themselves. Generally, they will not grant us the money, but they will give us the product directly and we will reimburse the amount to which it goes in different monthly installments. Its main objective is the sale of products, so several companies will not charge us interest and we can enjoy a totally free fractioned payment method .

Depending on the conditions offered, the purpose for which we want the capital and our profile and preferences as users , we will find it more convenient to request a free or other type of credit . However, it is essential to always search and compare among all the options that the market offers us to make sure that we choose the most suitable one for us. Also, it is not recommended that we settle for the first option that we find, although it may seem very beneficial, since we may let escape another that is even more appropriate. In addition, the process of obtaining these loans online, is quite simple: hiring process for online loans

As we can see, in just four steps, we can have an online loan in our bank account.

How did the free mini credits arise in Spain?

The main reason was the growing demand from consumers to obtain fast financing. The financial institutions of credit detected that dynamic and took advantage of the situation , offering free mini credits. This change began as of the beginning of the economic crisis, since it was when many of the big banks closed the tap of the credits to the consumption.

The most relevant consequence was that the financial sector grew significantly after the increase of private capital companies. Currently, inter-company competition continues to exist and, therefore, increasingly launch more promotions with the intention of attracting new customers. The objective of these companies is not different from the rest . All this dynamics benefits us as customers, since we have more options to value and compare, so it will be easier to find an offer that meets our needs.

The market launch of interest-free mini-loans is undoubtedly one of the most courageous bets by companies, since they do not receive any kind of fees for lending us a certain amount of money. For example, we can deliver 300 euros for free, with no added interest or hidden costs of any kind , provided that we return it within the contracted deadlines. However, although the list of advantages that mini credits may have is long, it is important that we inform ourselves about their conditions before requesting them.

We should also keep an eye on the short list of requirements that these financial products usually have . If we do not meet all of them, it will be very difficult for us to find any type of financing. In addition, free mini-credit offers are usually valid for a certain period of time or are aimed at a specific type of customer, which will be an aspect to which we should look.

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