Moneza is a financial institution that grants microcredits between 300 and 3000 euros without endorsement with repayment terms between 3 and 24 months.
Therefore, although it is grouped within the mini credits, it really is about online loans with terms of greater amount and duration.
Moneza loans allow us to cover a greater number of needs by being more flexible, instead of the 30 days of the micro-loan, this lender gives us the possibility of repaying it in comfortable monthly installments, something similar to what we see in consumer loans.
Nor is it the only credit company that works in this way, since brands such as Creditea, Monedo Now or Younited Credit to name a few work in the same way.
Moneza - Characteristics
|Financing type||Quick loans , installment loans, paperless loans , loans without collateral|
|Minimum and maximum quantity?||€ 300 - € 3000|
|What is the minimum and maximum term?||3 to 24 months|
|Free first loan||Not|
|What interest do you charge?||74.03% and 138.94%|
|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?||Online as well as telephone|
|How long does it take||5 minutes but it depends|
|In what period does the money reach me||15 minutes, but it depends on the bank|
|What banks do you work with?||Multiple|
|Web page||Official Web|
MONEZA: Analysis and Opinion
|Is my application rejected by the West African Loan Group?||Yes, 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||21 - 65 years|
|Can I verify my details with Instantor?||Yes|
First because we have more time to return the money and second because we can ask for larger amounts.
We will explain everything we have to know about Moneza below, what it is, how it works, what are its requirements, advantages and disadvantages, interests, etc.
What is Moneza
Moneza is a brand owned by Rapido Finance SL, a company that also controls other fast money brands with Netcredit (Now Lunacredit), under this brand it offers long-term loans that are adapted to the needs of users. It offers up to € 3,000 in 24 months, an amount and term that is higher than usual, and the interest is cheap, which provides an extra quality to the financial service offered.
Interest, fee and commissions
Moneza's interest rate is low because the nominal interest rate can be in an interval between 74.03% and 138.94%, if we compare this with other fast loan companies, let's see how the interests are economic.
Microcredits are characterized by having a much higher APR, although Moneza is characterized by a greater amount and term, remember that you can request from € 300, an amount similar to that of mini-credits.
The APR of Moneza loans, although high, is lower than that of companies with similar characteristics, something that can be verified when comparing with other loans in offers in the market.
To know the cost of our loan we will use the simulator in addition to the loan calculator on the entity's web portal, when we start the application we enter the amount we need and the repayment term. After this, the system automatically calculates the total to be returned, reporting the interest, the TIN, and the APR.
For a loan request to Moneza of € 1000 for 4 months, a fee of € 210 will have to be paid, adding the interests € 347.20, being therefore the total to pay € 1,330.33 (TIN 115.20%, APR 221 , 31%)
How much money can I get in Moneza.es
The maximum amount is € 3,000, the minimum being € 300. But, in the first request, it will not be possible to reach the top, as we return Moneza's quick credits in time and form, our reliability increases, being able to increase how much in successive requests.
What are its advantages
Among the benefits that we can highlight about its financing we can point out the following:
+ No endorsements or guarantees
+ Amount from € 300 to € 3000
+ Flexible return period, from 3 to 24 months.
+ Payment is made in comfortable monthly installments customized to our liking.
+ They are immediate loans because the answer is granted quickly.
+ Minimum requirements and high success rate
+ Affordable interest when compared to other mini loan companies.
To access Moneza loans you must gather the following:
- Have an age range between 21 and 65 years
- Reside in Spain and also have a DNI or NIE
- Credit demonstrable recurring income to demonstrate repayment capacity.
- Have a mobile phone number as well as an email address being the contact method used.
- Be a bank account holder
- Not being enrolled in delinquency lists such as West African Loan Group or Raí because it does not admit it.
Documents needed to request Moneza Crédito
This is the documentation that must be sent to access one of the Moneza.es loans: Proof of demonstrable income with payroll, pension or self-employed person, Moneza does not accept unemployed people or with unemployment benefit, therefore it will be necessary to have another alternative source of income such as those mentioned.
You must send the last two payroll or the equivalent document
Send a copy of DNI through Netverify through which we proceed to verify our identity online quickly and safely.
Documentation can also be sent by email, although this delays the response.
Loan application at Moneza.es
The process to request a Moneza loan is actually very simple, we explain it below:
1 - First we have to enter the Moneza.es website
2 - Secondly, you will have to choose the amount and term to return the money. Remember, despite the flexibility, you can put a short or medium term without having to put the maximum, between € 300 to € 3000 with terms between 3 to 24 months, in case of requesting € 500 or less the maximum term will be 6 months.
3 - Then we have to complete the identification process where we confirm our data, it can be done from social networks or from the account and fill in the form.
4 - Later it will be necessary to complete the information that they ask us in the form (name and surname, date of birth, ID) as well as the banking and financial information (employment situation, income, etc.)
5 - Finally, a response is received either approval or rejection.
Repay the Loan
The return of the signed credit can be made by bank transfer, credit card or cash income.
In the event that we cannot meet the payment on the due date, we can request a postponement or extension of your personal credits, it is possible to postpone payments up to a maximum of 3 times per year at a cost for the renewal. The extension request must be made before it ends in default and is requested from the customer area or by phone.
The same in reverse, if we have the funds to cancel the loan before the agreed payment date, it is possible to make advance payments, which means savings.
Telephone and Customer Service
To contact Moneza, there are several contact channels open to the public, such as the following:
Call the free phone number of Moneza 910 073 333 available during your customer service hours, send an email to your email firstname.lastname@example.org as well as formulate our query from the web form
Moneza is a brand to which Rapido Finance SL belongs, having its fiscal address in Plaza Carlos Trias Beltran, Madrid, Spain.
Opinions about Moneza - Our opinion
The Moneza opinions are disparate, being able to find comments of all kinds, even so, after a strong investigation and after finishing our analysis, we can conclude that the majority are favorable.
The low interest, followed by its high repayment terms, minimal paperwork and no paperwork, makes the Moneza loan an attractive option.
When looking for money urgently, these credits can be perfect, it allows us to get immediate loans up to € 3000 with a term of up to 24 months to make the reimbursement effective.
That is why we invite you to try Moneza.es loans, a type of financing available to a large public and with truly beneficial conditions.