May 17 2022
Loans to repay in 90 days
Best online loans
Loans to be repaid in 90 days are the best financing option if you need money urgently, with flexible conditions and minimum requirements. For this reason, in this article we will tell you everything about how this modality works and what you need to request a 90-day loan.
Surely, on more than one occasion you have needed money for a medium-term project. In these cases, a 30-day microcredit may not offer you the term or sufficient amount to solve your situation, but a traditional loan with a 2 or 3-year repayment does not represent the best option in these cases either.
In these cases, it is best to have an intermediate solution between the two extremes. That is, a type of fast online loan that can cover your need immediately, but that you can repay in the medium term.
That is where loans to be repaid in 90 days become the perfect solution!
What are loans to repay in 90 days?
As its name indicates, through loans to be repaid in 90 days, you access a type of medium-term financing where you receive the money immediately, to repay it, along with interest, in 3 months.
Normally, for this type of financing, entities provide you with small amounts that allow you to cover medium-term emergencies such as a medical procedure, rent payment, registration, services, etc.
Advantages of requesting a loan to be repaid in 90 days
If you are going through a difficult financial situation, you can rely on 90-day mini-credits. Among the advantages of requesting this type of financing, we can highlight:
One of the main advantages of fast credits 90 days is the speed of the process, since they do not request many requirements for approval. Usually, large loans have very demanding requirements and in most cases, applications are rejected.
However, this does not happen in loans to be repaid in 90 days. The most common requirements for this type of financing are:
- Be of legal age.
- Be a resident in Philippines.
- Have a valid NIE or DNI.
- Have a bank account in Philippines.
- Have active phone number and email.
In fact, in many lenders, a guarantee or payroll is not even necessary to be approved. However, you do need to prove that you have monthly income to return the amount.
Compatible with bad credit score
If you are have bad credit score, do not worry, because there are many entities that grant loans to be repaid in 90 days regardless of your status in said registry.
In this way, requesting this type of financing in companies such as Digido, Moneycat that are compatible with bad credit score, is an excellent idea to get you out of trouble without having to solve your credit history first.
Procedures without paperwork
In addition to applying for 90-day loans in a traditional way, you can carry out this entire process from the comfort and speed of your home. If you need money right away, forget about banking paperwork and bureaucratic processes.
Free First Loan
In some companies like MoneyMan, DineoCrédito and Wandoo, you can get a free 30-day microloan. This means that the first credit that you are going to contract with a company will be completely free, which makes it a loan without interest or additional commissions.
Through search engines such as Pezetita, it is also possible to find a first free 90-day loan for small amounts. Even so, having the possibility of repaying the full loan, without any additional amount, is an excellent opportunity in the case of medium-term financing.
Flexible Procedures and Extensions
Although it seems that 90 days is a considerable period to repay a loan, the truth is that we never know if an event may occur that prevents us from paying the installment on time. That is why many companies agree to negotiate extensions adapted to your needs and your current situation.
Actually, the conditions of a 90-day microloan are agreed with the entity and are 100% personalized so that both parties can benefit.
Normally, within the 90-day credits, you can obtain extensions of 7, 14 and up to 30 days. This option is ideal if the final payment term is approaching and you see that you will not be able to fully repay the debt.
Keep in mind that, if you are a new client, your first loan is likely to be up to 5000 PhP for most lending companies that offer online mini-loans and online micro-loans. However, if all goes well, they may approve higher amounts of money on your next requests.
Secure and reliable information
If you have any doubts about the security in this type of procedure, you should know that the lending companies mentioned above have SSL technology to protect save your data.
Your personal and banking information will not be used for any other purpose. In fact, the 90-day mini-credits that you request online will not have an impact on your credit history. In addition, each of these websites is governed by the Data Protection Law, with which you can rest assured that you will execute a secure transaction.
If you have questions, many of these companies have branches in the country, so you can always approach them personally, or contact them by phone or email to answer any questions.
How to apply for 90 day loans?
To request any of the 90-day mini-credits, you can select one of the lenders that are the most used by Internet users. Once you choose an entity, you must follow these steps:
- Assuming that you selected the Digido company to apply for 90-day financing, you must click on “Request your Loan”.
- Select the amount of money you need, and the period of time in which you can return it.
- Then, you must fill in the form with your personal and bank details. You may need to attach some personal document to verify your identity.
- Send the request and wait for the company's response. They usually take a few minutes to confirm.
- Once your request is approved you can have the money immediately or after a couple of days, depending on the entity.
- You must pay the agreed monthly installment within the established time until your debt is fully amortized.
It is that simple, loans to be repaid in 90 days represent an effective solution for those situations where we need immediate liquidity, but we will be able to respond to medium-term debts.
Stay away from bureaucratic procedures and forget about wasting time entering an application in each entity when you can request your financing online.
Why apply for a loan to repay in 90 days?
- The best option to cover emergency expenses.
- 100% online procedures without paperwork.
- Basic requirements without payroll or endorsement.
- Compatible if you have bad credit score.
- Deadlines with the possibility of extension.
- Free first loan in many cases.