Compare the best options on the market and choose the one which best adapts to your day-to-day needs.
Further Below: Our Guide To Loans in France, covering everything you need to know.
Find out how to get money fast in 15 minutes with this type of credit. We help you to easily find out how they work, the best current offers of mini-credits, and what to take into account to hire them.
A loan is an amount of money that you borrow intending to repay it in the future. Depending on the type of loan and the lender, you will repay the principal plus the accrued interests. Different loans have different interest rates. For instance, a student loan may have lower interest rates than personal loans.
Most student loans are reimbursed after the period of studies while personal loans are repaid after one month. Failure to repay loans will attract problems with the lender and may extend to authorities, especially for huge loans. This will earn you a negative score in your credit history and prevent you from getting loans in the future.
France has stable banking and financial systems. Since the 2008 crisis, many credit institutions have broken into France’s financial market, numbering over 300. According to Statista, the lending rate in France remained within ECB’s standard 2%. However, due to the adverse effects of the pandemic, the rates increased.
Nevertheless, the current rates are somewhat lower than in many other countries in the world, being regulated by the Banque de France. This makes France a preferable place to take out a loan.
Unlike in many countries, France does not have credit assessing bureaus. Instead, the credit assessment is done at the bank level. Meaning, based on your relationship with the bank, you’ll be ranked as either “Yes,” “No,” or “Maybe” which will be used to determine whether or not you qualify for a loan.
What we should know about mini-credits
An online loan can bail you out of a financial emergency faster than any other type of loan. This type of credit makes it easier and faster to get funds than other types of credit, especially because applications are done online and require no paperwork.
As appealing as they may seem, it’s prudent to get a clear idea of how these loans work and when you really need them.
Mini-credits are recommended if only:
Mini-credits are not advisable if:
Use the above information to assess your financial situation. A thorough assessment of the loan’s terms and conditions viz-a-viz your current financial situation should help you determine whether they are the types of loans you’d want to sign up for.
As aforementioned, online mini-credits will grant us small loan amounts to help us in financial emergencies that are not cost-effective. This type of loan gives the least amount of money compared to other loan types. Your loyalty level with the entity will also determine the amount of money you’re lent.
New Clients:
Up to 300 euros
Existing Clients:
Up to 1,000 euros
Many entities will start by granting us small loan amounts and then watch our repayment habits. If we are able to make on-time repayments, the entity will develop some confidence to provide bigger loans and in some cases reduce the interest rates.
Ideally, the requirements for getting online mini loans in France are fewer than in other loan types. However, regardless of how few they are, failure to meet all the requirements may have your application discarded.
To analyze if we comply with these requirements and thus be granted the mini-loan, we must fill out an online form so that the lenders know our profile.
The documents that these companies will request are simple and can usually be sent by uploading directly to the online form or by e-mail by scanning them or sending a photo. These are the documents that we must have ready to ask for a mini loan:
Have a national identity card or any other valid form of identity
Last two or three paychecks
Bank statements
Steps to contract a mini loan
Online mini-credit companies make money quickly to their customers, with a process that can take less than fifteen minutes. Thanks to your completely online application and automatic data analysis, we can get mini-credits without payroll without any problem and in only four steps:
Once the entity has the signed contract, the contract will be formalized and they will give the order to transfer the money requested to the account number we have detailed.
What is this page for: the main aim of this website is to help you end up with the best available financial product according to your needs. We, therefore, take time to provide you with the most updated information about the available credits in the market, equipping you with skills to compare them before signing up for an option.
Source: Information about the regulations on online credit providers is sourced from Statista, and the French Law on Consumer credits, among other reliable sources.
Methodology: The data relating to the conditions of these products (amount, term, interest, etc.) have been obtained through online research and consultation of the official statistics of the aforementioned reference sources.
About Us: FUNDGECKO is an online comparator website that specializes in personal finance and home economics products. Besides comparing the available options, we provide you with rich information that makes it easy for you to identify the most suitable option.
Note: There are no charges attached to any of our services, as FUNDGECKO obtains its income from advertising and its featured products.