Are fast personal loans without a bureau possible?

Fast personal loans without a Bureau are perfectly possible. Both in relation to the fast term and the term ‘without Bureau’. In these lines we explain why a type of financing that until a few years ago was unthinkable has now become one of the most effective solutions for liquidity problems.

The Credit Bureau is no longer a major obstacle

The best news for all users is that having debts registered in the Credit Bureau is no longer an insurmountable obstacle to accessing personal loans. And it’s like this thanks to the fast loans without Credit Bureau, like the ones you can find in the comparator, the best proof of it. But why?

One of the main reasons is the low amount of this type of credits. As you can see on our website, the applicant can request only 1,000 pesos in some cases. A low amount that most people can afford, even if they have a bad credit record.

In any case, this does not mean that the lenders of this comparator operate outside the Credit Bureau: they consult it and if they consider that the debts are too serious, they can choose to reject the user’s request. Therefore, it is best to go to the website of each lender and communicate with them to get rid of doubts. In our listings you will find buttons with direct links to the websites of the lenders.

Loans without Bureau… and fast

It is also important to mention the other key aspect of fast personal loans without a Credit Bureau: its agility. Although bank loans require long terms for approval, which sometimes extend days or weeks, the loans of this comparator are usually approved in minutes. Why?

In this case, because the companies dedicated to small online loans have automatic tools that immediately verify the data provided by the user. Check your data at the credit bureau, confirm the identity, email, bank account and phone number, and give the green light to the operation.

And once approved, they transfer the requested money on the spot. However, the user may have to wait a few hours until said money is reflected in the bank account, since everything will depend on the entity in which the account is held, as well as the time and day on which the request is made.

The salary receipt, another exception

In addition to speed and debt, there is another aspect that interests many customers: the income required by these credit companies. In this sense, it can be said that quick loans are not granted without checking the income of the applicant, but a greater smoothness in this requirement is observed. Let’s see it

Until recently and as it still happens in banks, having a salary receipt was absolutely essential to be able to enjoy a loan. However, many of the companies that are part of our comparator have begun to accept other possibilities. Lately other income is allowed, such as those that can be demonstrated by freelance professionals or other sources of income that are duly justified. Of course, the salary receipt is still valid and is still the best economic guarantee that the applicant can provide. But it is not the only one.

General conditions of the loans

To know in detail the conditions of each loan, you will have to visit the web page of the lender, to which we give you direct access from our comparator. In general, we can indicate some features of the credits present on our website:

  • Varied amounts, from 1,000 pesos to 100,000 pesos
  • In the latter case, the payment is usually made fractionally, that is, in different fortnights. If the amount is small, you usually opt for the single payment
  • In some cases extensions are allowed, which can be requested directly from the client’s personal area. However, it is advisable to avoid them as much as possible, since they make the final price of the credit more expensive and can be a stain on the client’s economic history.
  • Applicants must have a regular situation in the country, for which they usually require the Elector Credential

How to use our comparator

As you can see, it has an amount and a term selector. Using these you will have access to all the lenders that fit those criteria. You will see a list with them and on the right, a button that says ‘Get your money’: this button will take you directly to the lender’s website, completely free of charge and without increasing the price of the credit.

To opt for one or the other you can assess the score that the lender has received from other users before.