There are more and more financial institutions with which to get fast personal loans without a third party that supports us. On this page we show what is the process to follow to get fast personal loans without endorsement and what requirements must be met to access these products.
Who can ask for personal loans without endorsement?
Before seeing what conditions we must meet in order to get a personal loan without having a guarantor, it is convenient that we define what exactly an endorsement is. The guarantee is a type of additional guarantee that an entity can ask us if it considers that with our level of income we can have problems to reimburse the borrowed money. In this case, a third party agrees to respond to the payment of the debt in the case in which we do not do so.
Therefore, we can always get fast personal loans without paperwork if we charge enough income to pay the loan installments, either because it has a low amount or because our salary is high. To demonstrate our ability to repay, we must present proof of income showing how much money we earn each month: a payroll, a pension, an unemployment benefit …
As its name indicates, the guarantee of these quick credits without a guarantee is exclusively personal, so to contract them it is not necessary to provide a material good as a guarantee. In other words, we can access these products even if we do not have properties like a house or a car. Therefore, in the event of non-payment, we would respond with all of our present and future personal assets, which could be seized to settle the debt.
How to apply for a quick personal loan without endorsement
Many of the personal loans that can be obtained without the support of a third party are also fast loans that can be contracted through the online portals of private equity companies, although many banks are also able to grant their loans without endorsement in hours. or, even, in minutes. In either case, this is the procedure we will have to follow if we want to obtain financing through the Internet without having a guarantor:
- Compare the different offers of the market according to the characteristics we need (speed, quantity, commissions, paperwork …) and choose the one that best suits us according to our profile.
- Fill in the form with the required information and send it: we will have to indicate the conditions of the credit (amount and term), as well as provide our personal, financial and contact information. In addition, we may have to attach several documents to prove that we meet the required requirements, such as a photocopy of your ID, proof of income, etc.
- Accept the offer: if the lender approves our request, he will notify us in less than 24 hours and he will make us an offer. If we agree to the conditions, we can sign the contract in an office or at home. In this last case, we will have to print it, sign it, scan it and send it back to the lender.
If we want to increase our chances of approval, we can also request fast personal loans online to several entities at the same time. Also, in this way, we can opt for the lender that responds faster, so we will save time. In general, the process of granting these products is very fast, so we can have the money in less than 48 hours or, depending on the product we hire, in only 10 or 15 minutes.
How fast personal loans take to get there
Payday loans directly from Green-Touch are characterized in that they are requested and granted in a very short time. Depending on the type of credit we go to, times vary and we can get the money between 15 minutes and 2 days. Usually, they are requested online and all their processes are completely automated.
In the case of quick mini-credits without endorsement, the most common is that we get the money in just 15 minutes. The application is carried out through an online form where we will have to enter our personal and economic data for the entity to analyze and decide whether to approve (or not) our request. The analysis is completely automatic so we will get an answer in just minutes along with the contract. To formalize the request we must read and sign the contract and send it back to the entity. Once the entity receives the signed contract will make the transfer of money instantly and we can enjoy the money in an account in just 15 minutes.
However, sometimes, although the entity makes the transfer of money at the time, the money may take up to two business days. This is due to the particularity of transfers between banks. Transfers of money between accounts of the same bank are made instantly, but transfers between accounts of different banks may take longer. If we choose a quick mini-loan entity that does not have an account in the bank where we have our checking account, the money will take longer to arrive.
In the case of quick personal loans without a higher salary, when granting larger amounts, the credit analysis takes longer to be carried out, so it will take around 48 hours to give us a response. Although as the most common is that we have to open an account in the entity itself, the transfer of money is made in a few minutes.