Necessity money is a company that, unlike other fast loan companies, does not establish a limit of 300 euros for new clients, but increases the amount up to 400 euros in common with the idea of providing added value to its clients. This makes Need Money one of the best options when you are a new customer, as it allows us to request up to 400 euros quickly and easily.
In addition, the first credit is free if it is returned in 10 days or less after approval, an extra benefit that is easy to fulfill and that brings even more advantages to the applicant.
Therefore, Necessity offers the first loan up to 400 euros to be repaid within a repayment period of up to 33 days. But, if we return it in the first 10 days, it has no cost, without interest or commissions.
We explain all the information that we need to know to access the Necessity credit below: What it is, how it works, what are the requirements, conditions, interests, terms, advantages and disadvantages as well as customer opinions.
Money Necessity Features
|Financing type||Quick loans , mini-credits , loans without paperwork|
|Minimum and maximum quantity?||€ 50 - € 400|
|What is the minimum and maximum term?||Up to 33 days|
|Free first loan||Not|
|What interest do you charge?||2,087.00%|
|Do you ask for guarantees?||Not|
|Loan calculator and simulator||Too|
|Can I defer payments?||Yes|
|And cancel in advance?||Yes|
|Where is it ordered?||On-line|
|How long does it take||5 minutes but it depends|
|In what period does the money reach me||15 minutes|
|What banks do you work with?||Consult|
|Web page||Official Web|
I NEED MONEY: Analysis and Opinion
|Is my application rejected by the West African Loan Group?||No, but it depends|
|Do I need to have a payroll?||No, but it depends|
|Can I process with pension, self-employment or unemployment?||Too|
|Age range||18 - 65 years|
|Can I verify my details with Instantor?||Yes|
What is the cost of the loan
The loan can be repaid within a period of up to 33 days, its cost being associated with the repayment period. Therefore, the longer we take to return the money, the more interest we have to pay, but if we return it early there is no penalty, which allows us to save part of that interest.
If we are new clients and we make the refund in the first 10 days, we do not have to pay any fees, interest or commission as it is free. We return the same amount that they have lent us, in this way if we request 400 euros and it takes 8 days to settle the debt, we will only have to pay those same 400 euros, not one euro more, thus being a free loan.
Requirements to request a credit in Money Necessity
The requirements and conditions to be fulfilled to request a credit of up to 400 euros of Necessity are minimal, as follows: Be of legal age, resident in Spain, have a DNI or NIE, be the holder of a bank account where to deposit the money, have mobile phone number and email. Likewise, you must also be the holder of a credit / debit card associated with our account as it is the means of payment.
Unlike other companies, no endorsement or payroll is requested, but we do have the ability to demonstrate some proof of stable income. Consequently, we have to prove that we have a real source of income, for example payroll, pension, unemployment benefit, self-employed, etc.
Nor is it necessary to give explanations about the purpose that we are going to give the money, but, if we are registered in the West African Loan Group list or similar, the request can be denied.
Need money with West African Loan Group
When applying for this type of fast loan, many clients have concerns about whether being registered with the West African Loan Group will be an inconvenience. Necessity money in its legal notices states that the inclusion in files of defaulters prevents us from accessing their credits, however there are several nuances.
Actually, What Needed Money does is that it studies each case individually to make a decision depending on the nature of the debt and its amount.
What does this mean?
Well, even though it says it rejects applications with the West African Loan Group, there is a certain degree of flexibility. In this way, inclusion in the West African Loan Group may motivate the rejection of our application according to the reason, for which we are registered.
If the amount in West African Loan Group is small and is also due for non-banking or financial things (for example supplies) it is likely NeedMoney does not take it into account and does not consider our credit history as negative.
For this reason, at the time of application we have to provide detailed information, so that they can evaluate our case individually so that they grant us money despite being enrolled in the West African Loan Group.
Even so, in case they continue to deny us credit for being in default, we must check the page where the entities that grant loans are shown even if you are in the West African Loan Group (link)
How to apply for a money need loan
The process of applying for this loan is actually very easy and fast, below we explain step by step how it is done:
1 - First of all, you have to go to the Necessity website (link) and select the amount and the expected time to return it.
2 - Secondly, we have to fill out an online application form with our personal data that is requested so that with that information a quick solvency study is carried out that will serve to obtain a response in a few minutes. The more detailed our request, the less time it will take to respond with approval.
3 - Then we receive the answer being positive or negative
4 - Finally and if it is approved, after the money is granted, it is paid directly to the bank account that we have indicated during the registration almost immediately.
How much money can I request
Up to 400 euros, including new customers.
How long does it take to deposit the money
Less than 10 minutes
It is possible to request a second loan
No, it only supports one active at a time
Repay the Loan
The repayment of the Money Need loan can be done in different ways, for example through a debit card or by entering a window in one of the Money Need accounts.
But there is also the possibility of making the payment by bank transfer.
Whatever, at the time of settlement we have to identify the payment properly, stating who we are, otherwise it is not considered canceled.
In the same way that we have the right to request a credit in Money Need, the return is part of our obligations.
Necessity money does not automatically charge the amount owed, but we are the ones who have to make the payment, taking care of the management.
This is extremely important as many customers take it for granted that it is automatic when it is not. Furthermore, not complying with the agreed payment terms means entering into default, having to face a penalty payment and commissions.
And if I can't pay by the due date
If when the payment date approaches we find it impossible to face the payment, the best we can do is get in touch to agree on a new payment date, which implies an extra cost for the surcharge applied by the lender.
This is known as an extension, extension, or postponement and consists of deferring the payment by setting a new date.
We ask for it in case of not having enough cash to pay for something unforeseen, unexpected expenses, etc.
The payment is completed in one go, therefore it is not possible to make partial repayments. They only allow us to make advance payments when the payment is in default, but if this is not the case, the return must be made in a single payment, all at once within the period set at the time of the request.
Money need contact
In case you need to contact this company, we can use any of the contact channels that it enables to its customers, below we see them:
Call the toll-free number 912 204 903 during your customer service hours, formulate our query through the online form available on the entity's website as well as send a message to your email address PRIMROSE PARTNERS LIMITED registered in Fairbanks Studio 65-69 Lots Road, Chelsea, London, SW10 0RN
Opinions about Money need
In this section you are going to read some comments and also opinions of Necessity, most of them positive and reflecting a high level of satisfaction:
Orlando "Quick and easy application, I need money has been the solution to my financial problems"
Carlos "Thanks to this company I was able to solve the breakdown of my car, in less than 15 minutes I had an answer, I recommend them"
Luis "Need money is super, the first credit is free without interest when returning in less than 10 days"
Marta "I usually resort to them for unforeseen events and specific needs of lack of liquidity, they are reliable, a reliable and safe company"
Opinion Need money - Conclusion
Necessity Money achieves something different from its competitors, a complete offering with unique and attractive features. Request up to 400 euros with the possibility that the first credit is free if it is returned in less than 10 days, without penalty in case of canceling in advance, flexible payments up to 33 days and can support West African Loan Group. A series of conditions that makes this financial product a really interesting option when money is urgently needed.
We hope that this page where we explain the details of Necessity loans, will help you make your decision when you are looking for quick money.