Traditional Loans versus Mini Loans

It is very possible that on some occasion you have tried to ask for a loan and that, however small, you have been denied. In this sense, you will be very interested in knowing the existence of a very useful product: the mini loans only DNI. This kind of credits, as we will explain throughout the article, will be characterized by their low requirements, since with your National Identity Document you will be able to be one of your clients.

Traditional loans versus mini loans

Traditional loans versus mini loans

To make it easier for you to understand the importance of mini loans that require only the DNI, compared to traditional loans, we will now show you a comparison that will be very useful for you.

Characteristics of traditional loans

Characteristics of traditional loans

The main characteristic of traditional loans lies in their quantity of requirements and their difficult compliance. And, if traditionally the credit institutions have been hard at the time of granting loans, since the crisis that hardness has increased considerably, swelling to a large extent the list of obligations required for you to become one of your customers.

Among those requirements to which we refer is the non-inclusion in records of defaulters (such as Financial Credit Institutions). The demonstration that one is a solvent person and of stable income (whether from work, pension or any other source and that, in any case, is higher than the monthly fee). As well as the acceptance of a personal guarantee (that is, a guarantee signed by a third party that pays the loan in case you do not) … In short, the amount of requirements is considerable.

In close relation with the fulfillment of the same, we found the need to present a large amount of documentation. And is that the entity will inform us that, to demonstrate that we fully comply with the rules stipulated for us to be granted the loan, we must submit a multitude of documents. Among them are the payrolls of several months, work history, income statements, simple copies of the property registry and many other papers.

On the other hand, traditional loans are characterized by the length of the petition and grant process. And is that, in addition to making an appointment with the person in charge of the office, he will inform us, he will summon us to present all the documentation and, once that is done, we will have to let enough time pass so that they analyze it and, if necessary, we will grant and enter the loan. In this sense, the process can last, easily, several weeks.

Characteristics of the mini loans only DNI

Characteristics of the mini loans only DNI

In contrast to the traditional loans mentioned above, we find the so-called easy-to-grant micro-credits. These loans are characterized by their speed at the time of obtaining them, opposed to the difficulty of the traditional ones. To understand it in greater depth, we will comment on its characteristics.

First, we will refer to your requirements. For our loan to be granted, we only have to be of legal age and have a DNI. Nothing else. So all the required documentation will be summarized in a single request: the National Identity Document.

If we add to that the fact that they can be easily requested without moving from home, obtaining an almost immediate response, the advantages of accessing this kind of credits are insurmountable, especially if we compare them with the traditional ones.

In short, the figure of mini loans only DNI will be established as an essential solution for your potential financial problems, since, as we have shown, can be obtained quickly and easily, if you go to professionals in the field. To conclude, we encourage you to inform yourself, since everything will be much easier for you.