Throughout this year, several companies specializing in the granting of mini-credits have launched products of greater amounts with a longer return period to adapt to the new demands of the applicants. The last company to market its own fast loan in installments has been DFC Global Corp (the owner of Ok Money or Kyzoo), which through the Fleximoney brand offers up to € 3,000 to reimburse up to a maximum of 12 months.
Financing conditions of this instant credit
Fleximoney differs from other brands of DFC Global Corp by the amounts of money it offers and the method of repaying its urgent loans. This company can lend us between € 400 and € 1,000 to return in a maximum of 6 months if it is the first time we request financing , while if we have already taken a quick Fleximoney credit before and we have repaid it without problems, we can get up to € 3,000 with a maximum repayment period of 12 months .
Regarding the price, this instant credit has a monthly interest of 5% and an opening commission of 10% , which is paid along with the monthly payments (not when the contract is formalized). Adding the commission and interest, the applied rate can range between 71% and 116% per annum, depending on the amount and term selected (between 98.62% and 200.78% APR). In the following table we can see several representative examples of the price of this fast loan if we repay it in 6 months:
|Loan amount||Monthly payment||Cost||Total capital to be returned|
|€ 500||€ 107||€ 142||€ 642|
|€ 700||€ 150||€ 199||€ 899|
|€ 1,000||€ 214||€ 284||€ 1,284|
Regarding the other costs, Fleximoney does not charge commissions for full anticipated reimbursement, or costs of connection or notary.
How to contract the Fleximoney quick loan in 5 steps
If we are interested in the conditions of the Fleximoney instant credit, we can process the request from this same page. Here we show the steps that must be taken to contract this product:
- Click on the red button that we will find at the end of this article.
- Enter the amount and term of the quick loan . Thanks to the simulator, we will know the exact cost of the selected product and the monthly payment.
- Fill out the online form with the required information . We must provide our personal, financial, banking and contact information, in addition to the number of our debit card.
- Verify our mobile phone After taking this step, we can read the terms and conditions of the contract and send the request.
- After a quick study, Fleximoney will approve the request and deposit the money into our debit card . From that moment, the collection of the monthly payments will be charged on the same card until the loan is fully reimbursed.
Before requesting the urgent loans of this company, it is important that we make sure that we fulfill all your requirements, otherwise our request will be denied. Among the conditions of access required, it is necessary to emphasize that it is necessary to collect an income of at least € 1,000 per month to obtain approval, in addition to having a debit card and not appear in any record of defaults (ASNEF, RAI, etc.).
They will also ask us to be of legal age, to reside permanently in the national territory, to have a personal mobile phone and to have no outstanding credit with Fleximoney, Kyzoo, Superefectivo or Ok Money.