Banks jump on the car of fast loans online

The number of consumers who demand financial products that can be contracted through the internet grows month by month. The banks seem to have taken note of this and more and more entities are offering fast online credits and other products through their digital platforms. The last to join this trend has been Liberbank, which has launched a line of instant loans of 4,500 million euros.

Fast online credits of up to € 15,000 for Liberbank customers

During the following months, families will have to scratch their pockets to face vacations, return to school and Christmas. To give you a hand, Liberbank offers its customers fast online credits of up to € 15,000 to be repaid in a maximum of 6 years. According to the entity, up to 722,000 users may contract this product through the Internet, from an ATM or in the same office. In addition, to obtain a fast online loan Green Day Online from, it will not be necessary to submit any documentation.

Fast online loans that you can ask your bank

The fast online credits of private companies emerged as an alternative to traditional bank loans, but lately, banks have put their batteries and many already offer the possibility of getting money quickly through the internet.

Pre-granted credits

Liberbank’s fast online loan belongs to this category. These products are lines of credit that the bank makes available to its customers so that they withdraw the money they need at any time. Many of them can already be requested online, but to be granted, we must have the confidence of the entity.

Payroll Advances

Asking an advance of our payroll through the internet is another way to get money in a short time. The amount we can get and the return period will depend on each entity, as well as interest. To request it, we must have our payroll registered at the bank.

Credit cards

Credit cards also work as quick loans. Most can be requested through the internet and some can be obtained without having to change banks. For example, the bancopopular-e credit card can be ordered without opening an account at bancopopular-e and also offers many advantages: it does not have annual fees, it includes discounts of up to 30% in several establishments and they will give us € 25 after our first purchase with card or withdrawal of cash.

Online private fast loans: the alternative to banks

The online quick loans granted by banks can help us deal with emergency situations, but present several drawbacks:

  • Strict requirements: banks will only grant us a quick online loan if we have a good credit history. In addition, we may be required to have a certain age.
  • The charge of commissions: some banks will charge us study or opening fees if we hire their credits. However, some entities such as ING Direct offer loans without commissions and without any hidden expenses.
  • We can not get them if we are in Asnef: banks do not lend money to people who are registered in delinquent registers.

If our bank is not willing to lend us the money we need, we can still go to private companies. Their fast online loans usually have a slightly higher price, but they will not demand so many requirements and we will not have to contract any linked product. In addition, with some lenders, we can get extra money even if we are enrolled in Asnef. With the HelpMyCash loan comparator, we will find the best offers.

Loans for entrepreneurs – The best business loans

Discover the best merchant cash advance of the moment to undertake- apply with Green-Touch. Compare for free and learn about everything you need to know before hiring loans for entrepreneurs. Here we explain everything you need to know before hiring them:

Who grants loans for entrepreneurs today?

Getting credit to start a business is more difficult than obtaining financing to consolidate an existing business since many banks are not willing to lend money to a self-employed person or to an entrepreneur who does not receive regular earnings. However, as self-employment is increasingly encouraged as an alternative to earn a living, there are several institutions and financial entities that can grant us a loan to undertake:

  • Banking entities: some banks grant, through their foundations and social works, different loans to create and promote new companies. In order to access its financial instruments, it is not usually necessary to provide guarantees or additional guarantees, but it is necessary to present a viable business plan and the budgets of the investments that you want to make.
  • Public institutions: the State, the autonomies and the city councils also grant loans for entrepreneurs, in addition to various grants and subsidies. Their financing products tend to have access conditions somewhat more flexible than banking since they aim to encourage the creation of companies to reactivate the economy and recruit staff.
  • Private capital financial companies: finally, some private equity entities and financial intermediaries offer different loans that can be used to give birth and promote a new business and finance the various expenses derived from the opening.

As we can see, there are several options that we have if we want to finance the creation of our own company. However, before requesting a loan we must analyze the feasibility of our project and ensure that we can return the money in the manner agreed with the entity and on the dates established in the contract, otherwise, we could enter a spiral of indebtedness from which it would be very difficult to leave.

The business plan, the key to getting financing

In most cases, when we turn to an entity for a loan to start a business, they will ask us to present our business plan to ensure that we have a solid and solvent project. Therefore, it is essential that our business plan is complete and adjusted to reality, otherwise, we will have many more problems to obtain financing. Let’s see what are all the points that a business plan should contain:

  • The presentation of the project; that is, a summary of its origin and a detailed explanation of what idea we want to carry out and what resources we will need.
  • A market study in which we specify the situation of the sector in which we can operate, who our potential customers will be and what distribution channels we will use to reach them.
  • The productive, commercial, communicative, price, sales and distribution strategy.
  • An economic and financial analysis in which we indicate how much money we will need, the flow of expenses and expected income and what will be our investment plan.

So that the business plan for our new company is as close as possible, we can go to one of the many institutions (both public and private) dedicated to advising entrepreneurs. In that sense, we can also let ourselves be advised by the managers of the financial institution we go to.

Current aid and credits to boost companies

As we have said, there are several entities that can grant us financing to create, consolidate and expand our new business. Depending on the amount of money we need and the purpose we want to give, we can request one of the following products or aids:

  • Bank microcredits: these are medium-sized loans (normally between 3,000 and 50,000 euros) granted by the social works and foundations of Spanish banks. In general, their interest is low and no additional guarantees are required since they are designed to help relatively vulnerable people (especially young people or citizens at risk of exclusion) so that they can boost their business project.
  • Loans with mortgage guarantee: these products can be obtained through banks or financial intermediaries. In this case, a property acts as the only guarantee of payment, so it is not necessary to present a guarantee or provide personal guarantees. The amount of these credits to create a company is usually very high, usually 30% or 40% of the property provided as collateral.
  • Lines of credit of public institutions: if we want our new business to grow, we can also contact one of the ICO or ENISA credit lines, in addition to the loans granted by the municipalities and the Autonomous Communities. Normally, to access these products we must have a minimum age of up to 6 months, have an innovative company and present a viable and detailed business plan.
  • Local, regional and state subsidies: finally, if we do not want to get into debt, we can ask for one of the grants granted by different public institutions to encourage the creation of companies.

Also, many financial institutions and public institutions offer free advice to entrepreneurs who want to open a new business. For this reason, it is important that we previously have as much information as possible and different points of view to ensure that we are making the right decision.

Common features of the loans for entrepreneurs

There are many types of loans that we can use to finance the creation of a start-up or any other type of company, each with its specific conditions. However, the vast majority of these products have a series of common characteristics that are adapted to the specific needs of entrepreneurs:

  1. Relatively high amounts: first of all, the sum of money that we can get with a loan to undertake is usually quite high, since to create a business you have to face a large number of expenses (taxes, purchase or rental of a local, machinery, office supplies, etc.).
  2. Flexibility in the payment of fees: the term of the loans for entrepreneurs is usually several years and the method of reimbursement tends to be very flexible (monthly, quarterly, annual …). Likewise, many entities allow a period of total deficiency or capital to be requested in order to avoid having to pay the full amount of the fees during the first years of the business life.
  3. Few commissions: these credits tend to have few or no commissions, especially when the lender is the social work of a bank or the public administration.
  4. It is not necessary to provide endorsements: the guarantee of the loans to create businesses can be one or the other depending on the type of product and the requirements of the supplier entity, but in general, it is not usually requested that a third party endorses the operation.

These are the conditions that most of the financial products used for the creation of companies tend to have in common, but before hiring a loan to undertake, we must carefully read its terms and conditions to know how much we will pay in interest commissions and other expenses and find out how We will have to return the money.