Zaimo (Now Monedo) is a financial institution that grants mini-credits of up to € 5,000 to be repaid within a period of up to 36 months. Likewise, it is not necessary to provide documentation and you can access them even despite being registered on the West African Loan Group list. It is therefore an attractive option when we are looking for a personal loan and we cannot enjoy traditional financing. This is where microcredits come into play, companies that have a very similar offer: small amounts with immediate short-term payments.
However, Zaimo differs from this trend and actually offers much more interesting conditions for the consumer, both in amount, term and in the same way in the conditions they require to have access to credit.
In that sense, Zaimo is no different in terms of the speed with which it executes the concession.
Minimal data is needed for the analysis and study of solvency in order to have an immediate response, which if it is positive finally ends in the deposit of money in the bank account indicated during registration.
On this page, we are going to explain everything we need to know about Zaimo, which is, how it works, what are its requirements, conditions, characteristics, advantages and disadvantages as well as customer opinions.
Zaimo - Conditions
|Financing type||Quick credits , mini- credits|
|Purpose / Destination||Anyone|
|Amount granted?||Up to € 5000|
|And the minimum?||€ 600|
|What is the maximum term?||36 months|
|And the minimum?||6 months|
|Free first loan||Not|
|What interest do you charge?||Minimum APR 60% while maximum 113%|
|Do you ask for endorsement?||Not|
|Loan calculator and simulator||Too|
|Can you defer payments?||Too|
|And early cancellation?||Likewise|
|Where is it hired?||Online as well as telephone|
|How long does it take||10 minutes, but it depends|
|When will I have the money||1 hour, but it depends on the bank|
|What entities do you work with?||Several|
|Web page||Official Web|
|Is my application rejected because I am in the West African Loan Group?||No, but it depends|
|What debt limit do you accept at West African Loan Group?||It does not detail, but it depends|
|Do I need payroll to request a loan?||No, but if income|
|Can I apply if I am a pensioner?||Too|
|And with unemployment?||Too|
|What if I am a company?||No, but it depends|
|If I am self-employed?||Likewise|
|What age range does it support?||18- 65 years|
|Can I verify my details with Instantor?||Yes|
What is Zaimo
Zaimo is a company that grants loans to be paid in installments online with flexible repayment, up to 5000 euros to be repaid in 36 months.
This brand to whom it belongs is the financial group (Kreditech Holding SSL Gmbh), a branch in Spain under the company Kreditech Spain SL, being one of the benchmarks in the marketing of online loans.
With a presence in multiple countries such as Mexico, Russia, Poland, India or Spain, the Kreditech Group is synonymous with trust and security in all procedures.
Zaimo's statistics reflect the importance of this brand in the financial market with more than 20,000 data analyzed in each request, more than 2.8 million clients and nearly 300 employees spread all over the world.
How much can be requested in Zaimo
The company specialized in granting microcredits usually remarks that it is a product that must be used in a timely manner to solve specific situations and that may arise.
However, most only give a few hundred euros to deal with these contingencies.
But what happens when that emergency or unforeseen requires a higher amount of money?
It happens that we find that the doors are closed to us because almost no microloan exceeds 1000 euros.
Zaimo to the reverse of these if you admit it, being able to ask up to € 5,000, that is, five times more than usual.
Zaimo grants up to 5,000 euros, a larger amount than usual for these products, also having easy access.
To this must be added the flexibility it grants in terms of the return period and the conditions for its approval, which is also higher than that of other companies in the sector, giving the possibility of making the refund in up to 36 months.
Zaimo without payroll and with West African Loan Group to be returned in 36 installments
This is an example of the credit that can be obtained with Zaimo, conditions much more attractive than the average for the sector.
If we are looking for small amounts of money, 30 days is enough for the return, however when a higher amount is needed it is logical to think that a more flexible term is required to avoid problems during the repayment and complicate the situation of those who request a microcredit of these characteristics.
Zaimo understands this well, which is why he offers to pay the installments for 36 months in comfortable monthly payments.
Even so, each application is studied individually and the most appropriate term for the refund of the money can be determined according to the volume of income of the applicant.
In the evaluation and analysis process, Zaimo uses an algorithm made up of multiple conditions as well as variables for the approval or rejection of applications.
For example, the inclusion in the West African Loan Group although it is not decisive if it is taken into account. Consequently, anyone who appears on the West African Loan Group list for debts will be able to request a mini loan in Zaimo without problems, but the final decision depends on a set of parameters that are analyzed in the algorithm and that determine the solvency of the requestor. .
For this reason, rather than answering with the approval or rejection of the conditions requested by the client, Zaimo seeks a method that allows those who request the loan to obtain it with sufficient guarantees.
That is why sometimes the amount requested by the client is not approved, but a lower one, that is, an alternative offer that Zaimo considers the client can face without any inconvenience.
For example, if we request a credit of € 5000 but the system considers that due to our situation the cap is € 2000, instead of rejecting our request as other entities would do, Zaimo responds with the acceptance but of these € 2000, not the € 5000.
If the applicant understands that the offer may be equally attractive to him to solve his problem, he accepts it and almost instantly he can enjoy the money.
Advantages and Disadvantages of Zaimo.es
Next we are going to show some of the benefits and also disadvantages of applying for loans at Zaimo.es.
Even so, and how are you going to be able to check, there are many more advantages than disadvantages:
+ Low and economic fees: The conditions are basic, from 6 to 36 months with a minimum APR of 60.10% and a maximum of 197.15%.
For example: For a request of € 4000 and duration 36 months, a monthly fee of € 210 will have to be paid, total to be returned € 7616.
+ Transparency: From the beginning we know the cost of the operation thanks to its simulator and calculator.
+ Available 24/7
-Flexible: They are fast loans to be paid in installments so that we can adapt the payment to our liking.
+ Secure: It has the latest computer security technology which encrypts and protects our information.
+ Quality customer service: If you have any doubts, we can contact your customer service and resolve our doubts and questions.
+ Fixed payment schedule: After signing, it will not be possible to modify the conditions. That is, neither extensions nor advance payments.
Requirements to order
The requirements and conditions to be met to obtain a mini-loan in Zaimo do not differ from those common in the sector, below we see them: Be of legal age, resident in Spain, demonstrate income and be a bank account holder.
Regarding income, Zaimo without payroll is possible as this is not essential, but it will be necessary to have a fixed and stable source of income.
For example, it can serve a pension, unemployment or unemployment benefit, self-employed, etc.
About the West African Loan Group Zaimo accepts it although he does take it into account, therefore if he checks our credit history when checking our ability to pay.
How to apply for a Zaimo loan
The loan application process is common in companies that grant online loans and quick loans.
Here we explain step by step what to do:
1 - First of all we have to enter the Zaimo website (link), select the amount and return period, fill in the form and send the information they ask us to carry out the solvency study.
2 - Secondly, and after the analysis, they give us a response either positive, negative or with an alternative offer of a lower quantity and term, as explained above.
Whatever it is, before starting the request we will know the total to be returned along with its cost (interest, fees, commissions, etc.)
3 - Then we have to send the documents that they ask us and that demonstrate that we meet the requirements that are requested: Be over 18 years of age, resident in Spain, have a mobile phone number and email, bank account and demonstrable income.
To return the loan that Zaimo grants us, we use any of the following ways: Bank transfer or Trustly, Zaimo's partner.
Contrary to what is seen in other entities, Zaimo does not allow the request for an extension, so we must ensure payment on the expiration date provided in the contract.
In the event of any unforeseen event, it will be impossible for us to request an extension or postponement, since it is not possible as an installment loan.
Meeting the payment schedule is a necessity more than ever. Failure to comply with it implies incurring penalties and late fees, increasing the amount of the initial debt.
This is repeated in practically almost all companies that formalize online loans in installments and installments, with some exceptions such as (Credit with your respite month)
Contacting this company is possible through any of the following communication channels that we give below:
Call Zaimo's free phone number, 91 198 42 76 available during customer service hours from 9 a.m. to 9 p.m. from Monday to Friday Send a message by email to your email address We can go to where they have their physical office , Master´s Building 1, Avda. General Perón 38, Planta 7, 28020 Madrid.
We can also make the arrangements from the personal area, client area or my account being what enables Fintech to communicate with their borrowers.
Below we explain how Zaimo clients can communicate with the creditor from the user area.
Zaimo customer area
After registering in the portal, with username and password you can enter the system to manage our affairs with the lender from there.
Therefore, you will have to log in from the login that is enabled on the home page.
After entering the access credentials, we can: Modify our data, review the contract, contact the company managers, ask questions, make payments as well as request new loans.
Opinions about Zaimo
The Zaimo Group is highly valued by its clients, in fact its motto "Financial flexibility for all" is real, as it strives to ensure money for all types of consumers.
The applicant values its extensive offer of fast loans, which has a Certificate of Reliability for the peace of mind of the clients and which also follows the good financial practices and responsible behaviors established by AEMIP.
For this reason, it is not surprising that Zaimo reviews are very positive.
In addition to the excellent conditions with which it lends in interest, amounts and terms, we must mention the way of working and the advice that its experts provide.
Here are some of Zaimo's comments and opinions from their satisfied customers:
Lucia "I made the request 3 months ago, easy and intuitive process, I thank you"
Paco "I can apply for a loan online knowing that my data is protected at all times, confidentiality assured"
Carlos "Super, I was able to get my first loan last month, it fits my financial situation, I recommend them"
Carolina "I like the ethical values with which they lend, it shows that they only accept people who demonstrate solvency and repayment capacity, which is common sense"
Zaimo Opinion - Conclusion
Zaimo grants mini loans without endorsement or payroll and sometimes credit can be obtained by being in delinquent records such as West African Loan Group according to our solvency.
The offer you have is more flexible both in terms of amount and repayment period, being able to request loans of 5000 euros in 36 installments.
Therefore, Zaimo becomes one of the best options for those who need money urgently but for a larger amount than usual or do not want to make the payment in a very short time, in the short term.
But, it also has its negative side, its payment schedule is inflexible and it cannot request extensions or make advance payments in order to save interest. This calendar has to be respected in its entirety, perhaps its handicap.
As an alternative to Zaimo, we recommend you review our complete list of loans with West African Loan Group and consult our guide on how to access them.
Remember, at Igreigre we give you all the relevant information about fast loans, urgent online loans, mini-credits, credit cards and other financial products.
Finally, on our home page we have a complete and updated list with the details, characteristics and particularities of each loan. All those you find on our website can also request online receiving a response in less than 15 minutes.
Do not hesitate, use our free comparator to find out if Zaimo is the option that best suits your needs or if there are other fast online loans that suit you better.