CreditYES is an entity that offers the online loan search service to people interested in obtaining financing in a short time. This financial comparator finds the best offers for microcredits, quick loans and loans with ASNEF in just 5 minutes. Just by filling out the data in its online form, the platform shows you a list of lending partners with a high approval rate so that you can meet the financial need in a very short time.
The financial institution originally from Latvia, provides its services in Spain to help people save time when searching for personalized loans. In addition, thanks to its services it is possible to select the offer that provides you with better conditions such as lower rates and more flexible terms.
If you want to know more about this financial institution, continue reading the CreditYES analysis where we will talk about the characteristics of the platform, the requirements and the ease of obtaining online loans on its website.
What does CreditYES offer with its loans?
At CreditYES you can find online loans with amounts from €100 to €1,000 for people with different financial profiles. This entity allows applications from people without payroll, on lists of defaulters or those looking for an urgent loan without paperwork. Thanks to its alliances with different lending partners, CreditYES can find offers that fit each need in a very short time.
Since all lenders offer credit products with different characteristics, repayment dates are flexible from 3 to 12 months. For its part, the APR interest rate on the loans varies according to each offer, although it is possible to find a first interest-free loan if the amount is up to €300. CreditYES mentions on its website that it is possible to find offers with favorable rates from 0.01% APR.
As a CreditYES customer, you will be able to select the offer of the lending partner that offers you the best conditions. If your application is approved, the lender will deposit money into the bank account according to the deposit period they manage, which can be from a couple of minutes to a couple of hours.
The CreditYES service is completely free, therefore, you are not obliged to contract any credit product that the entity recommends on its platform. If you do so, you will not have to pay commissions to CreditYES either.
Requirements to apply for a loan with CreditYES
As an online loan comparator, the CreditYES entity has basic requirements that allow it to quickly evaluate the applicant’s profile. With the basic information provided, CreditYES finds personalized offers in just 5 minutes and with a high approval rate. However, you have to consider that the selected lender may have other requirements or request additional documentation as proof. This will depend on the characteristics of the loan such as the amount and repayment period.
In the CreditYES offer list you can consult additional information about the lending partner before selecting your offer.
Below we name the CreditYES requirements to find the best online loan offers:
- Be between 18 and 70 years old
- Residing in Spain
- Fill out the form with personal information
- Have a bank card or an account with IBAN
- Have a mobile number and email
Filling out the CreditYES online form will not take you more than 10 minutes, this is a quick process so you can find financing as soon as possible.
What is the loan application process at CreditYES?
CreditYES simplifies online loan application to make it efficient and accurate. For this reason, you only need to have your mobile phone and a Wi-Fi connection to start. Remember to have your bank card details or your IBAN account credentials on hand, as this is an essential requirement.
You can start the application in CreditYES by clicking on the image of the entity or on the “Request loan” button. In just seconds you will have access to the official CreditYES page in Spain, select the amount between €100 and €1,000 according to your financial need. Then they will ask you to indicate the reason for the loan and the repayment period in months.
Continue filling out the online form with your personal information, marital status, level of education, and whether you have a vehicle. Accept the terms and conditions of their services and click “continue”. Finish the application with some extra information and wait approximately 5 minutes to see the personalized credit offers.
Read carefully the characteristics of each offer; if you wish, you can review user opinions about the lender to learn about their experiences. Then select an offer and continue the process. To finish the application you will be directed to the official platform of the lending partner where you can request additional data or documentation.
Finish the request and send it, depending on the chosen partner you may get an immediate response or it may take a couple of minutes. You will generally receive the response by SMS or email. From that moment the deposit will be processed to your bank account, which may take minutes or a couple of hours. Usually, it doesn’t take more than 24 hours.
CreditYES FAQ
Can CreditYES reject a loan application?
No, the function of CreditYES is to find offers that fit the profile and have an approval rate between 80% to 90%. This means that there is a possibility that the chosen lending partner may reject the application for different reasons. Some of these are non-compliance with the requirements, the applicant’s lack of solvency or errors in the online form.
If you have a previous debt with the lending partner and you select it again through the CreditYES comparator, they will most likely reject your application. For all this, try to read the requirements carefully and fill out the form carefully.
How to select the best loan at CreditYES?
To select the best credit offer at CreditYES, we recommend that you look at the following aspects:
- Imported: Choose an entity that offers you the exact amount you need to face the financial emergency.
- Interest rate: Check the APR interest rate and select one that is not too high. The higher the interest rate, the more expensive the loan will be. If you can choose a first interest-free loan, you will only return the requested amount.
- Return period: Look at the available deadlines because they are generally short. Most microcredits have to be repaid in between 7 and 90 days. So, choose a deadline in which you know you can return the money to avoid default.
- Loan conditions: Some loans have benefits such as free early cancellation or payment deferral in case you cannot pay it on time. Choose a loan that offers you favorable conditions.
Can I apply for several loans at the same time at CreditYES?
Yes, at CreditYES you can make more than one application at the same time to obtain financing as long as you do it with different lending entities. As an online loan comparator, CreditYES gives you recommendations, but you contract the products directly with each entity.
Despite the above, we recommend that you do not have more than one online loan at the same time, since they are high-cost products and you may fall into default.
What financial institutions does CreditYES work with?
CreditYES works with non-banking financial entities due to its facilities and accessibility. These entities operate 100% online, but are licensed in Spain to offer credit products.
The difference between financial and banking entities is the reduction of documentation and waiting times. The financial lenders that CreditYES works with can receive the application and deposit the money into your bank account in just 30-40 minutes. Which is convenient in the face of an economic emergency that gives no respite.
Is CreditYES a reliable entity? Opinions and analysis
CreditYES is an entity that, although it is relatively new in Spain, has international recognition, as it operates in different countries. In each of these, the entity collaborates with lending partners to offer credit products according to the market. This is why in Spain it has renowned lending partners who have been offering online loans for years.
As it is a platform specialized in quick loans and microcredits, its amounts are not very high. The maximum amount is €1,000 and up to €300 if you want to get a first interest-free loan. The above indicates that CreditYES is an alternative to meet money needs such as payments, unforeseen events or medical emergencies. Therefore, it may not be a good alternative for people who need higher amounts.
Regarding the disadvantages of this financial institution, it is worth highlighting the use of third-party advertising on its platform. Another is the lack of information about the lending entities and the general characteristics of the loans. It is only possible to know some characteristics of the loans such as interest rates and repayment terms by applying online.
Your customer service is only provided through the following email: [email protected]
In conclusion, CreditYES is a reliable financial institution for loans with low amounts that do not require extensive paperwork or documentation. On this platform you can save time and find an offer that fits your profile quickly to be able to resolve your financial emergency that same day.
2023-11-12 01:36:52
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