Lender bank: Analysis and opinion
Highlights: Quick loan of $ 300 to 30 days
Lender bank is a Spanish company committed to innovation, pioneers in offering loans online, implementing applications via SMS or mobile applications, always looking for ways to facilitate the application for fast payday loans that solve urgent money needs.
When it comes to applying for a quick mini-credit, is it possible to receive a 10 service and have the money in 10 minutes? Yes, and hence the name of the company that has set itself such objectives: Lender bank
Requirements to request a credit in Lender bank
Precisely for this reason, not everyone has access to Lender bank credits. Obtaining a loan from this entity requires, as an inexcusable requirement, that we do not appear on any delinquency list such as Financial Credit Institution. Other companies do not give so much relevance to this fact, but Lender bank only wants to focus on clients with an impeccable credit history.
Apart from that point, Lender bank studies our solvency situation before responding, for which, a copy of certain documentation must be sent. Scanned DNI, as well as a bank receipt or the copy of the savings card where we must be account holders and with it Lender bank will make an assessment and decide whether or not to accept the granting of the credit.
Other necessary requirements are those relating to age and country of residence. We must be residents in Spain and be over 20 years old. It is also necessary to be owners of a mobile phone that we are owners of.
How much money can be requested from Lender bank?
The maximum amount that we can request amounts to 750 USD, although in order to have access to that amount we must be a previous customer. If this is the first time that we have worked with them, Lender bank limits credit, as most companies do, to just 300 USD.
The return period ranges from a minimum of 5 days to a maximum of 30, applying higher or lower fees depending on this concept. Thus, if the requested amount is 300 USD and it is intended to return in a week, the cost of the service will be 42 USD, while if the term is extended to the maximum allowed, you will end up paying 96 USD for the same concept. Therefore, a short period should be established to avoid that the payday loan is too expensive.
How fast are Quick Lender bank credits?
As we explained at the beginning, speed of service is one of the flags of Lender bank. Once the documentation is received, the response is immediate, and if the bank in which we have the account coincides with one of those who regularly work with them, in 10 minutes the money will be available.
If this is not the case, the process slows down a bit more, since the transfer of funds is carried out by means of a transfer between different banking entities, which usually takes between 24 and 48 hours.
Applying for a quick credit has already been seen to be very simple. Just a few clicks and a few minutes are enough to have the money in the account. But sometimes returning it is not so much, since that money that we expected to receive is delayed for some reason and we find ourselves with an acquired commitment that we cannot face.
In this case, the best thing to do is to contact Lender bank and explain the situation so that they can offer us a solution to the problem. In many cases, it can be as simple as buying time requesting an extension, a management that, although it has its cost, gives us the margin we need to receive the expected money with which to repay the credit granted.
Once this incident is resolved, it is as simple as making a transfer and the credit will be satisfactorily settled. If for whatever reason this formula is not the one that best suits you for the repayment of the loan, they offer you other alternatives from the client area of their website.
Apply for more than one credit
It is enough to review the conditions of the majority of fast credit companies to realize that they all agree on one point. It is not possible to request a new credit while there is one in force.
Lender bank, in its desire to innovate and go ahead, distances itself from this general trend and does grant that possibility. The information and conditions, however, are only communicated to us when we are active clients, since they are detailed in their client area.
We have already reviewed the characteristics of Lender bank. For some it will be an ideal company to solve their needs for fast money and others may have to look elsewhere, especially if they have problems with Financial Credit Institution. But if not, we can try them and draw our own conclusions about it.
Simply, we must go to the Lender bank website and complete the procedures. From the treatment and service received we can determine if they are the perfect choice for us.