The requirements to apply for a quick payday loan are:
- Being of legal age , some private equity companies grant payday loans to people who are 18 years old and others who are 21 or older
- Have DNI / NIE and residence in Spain
- Have a mobile phone
- Have a bank account in Spain
- Have a monthly income , not all credit companies require that it is a payroll
The amount of money borrowed will depend on the income and monthly expenses of the applicant and the ability to return it within the agreed period.
The time period established for the repayment of the debt can be extended , it is an option that must be used before stopping paying a term.
If you are included in a list of defaulters, you can also request a quick payday loan to credit institutions that do not take it into account. However, each one of them has its conditions to ignore that its possible client is in one of these lists. These conditions tend to be that the debt has not been contracted with a bank and that it is less than the amount they stipulate, some of them establish a debt less than 1,000 euros and others up to 2,000.
You always have to compare between several private equity companies and choose the best option for each personal situation.
What if I am abroad and I run out of money?
It may happen that you have managed to travel and you have run out of money, a situation that, outside the country of residence, can even be dangerous. It is possible to request a payday loan from any country , since it is done through the Internet. However, to apply for it you must also have a residence in Spain and a bank account in a Spanish entity. Once the money has been deposited in your account, you will have to know how to withdraw it depending on the country in which you are located.
How old can you ask for a payday loan?
Enjoying a trip should not be limited by age or money , the opportunity of the trip of your life can be presented at any time and a retired person and even older than 75 can apply for a payday loan. Some private equity companies grant payday loans to people over 75 years of age with the same conditions as people of working age.
These amounts are returned in a short period of time, from 7 to 30 days , and the amount of money borrowed is not very high. Some lending companies grant up to 300 euros to new clients and can subsequently apply for payday loans of up to 900 euros. It is necessary to read carefully the conditions of the payday loans, of all, to decide if it suits each person in particular because the interest charged by private equity entities are higher than those charged by banks.
Retired people have a guaranteed monthly income , which means that private equity companies grant them access to their products. In this way, you can count on quick money at any age and forget the anguish of bad economic times, as well as enjoy that trip so dreamed.
People over 65 or those who have a severe dependence and have a home ownership can apply for a reverse mortgage. It is a mortgage payday loan for the value of the home, but instead of receiving all the money the person concerned will receive a lifetime amount of money. When he dies, it will be his heirs who will decide whether to pay the debt or sell the house. In the case where there are two owners of the house the money will be received monthly until the death of both.