Loan10 is a company specialized in granting mini-credits of 50 to 750 euros to be returned within a period of up to 30 days. If we need liquidity to deal with unforeseen events such as a breakdown at home or simply to cover those extra expenses at certain times of the year, (back to school without going any further), Christmas, Loan10 allows us to get extra money with a Truly amazing pass rate.
Applying for a mini loan from Prestamo10 is actually very easy, as well as the minimum requirements as we will see later.
We explain everything you have to know about Loan10 loans in 10 minutes without paperwork. Are you ready?
Loan10 - Conditions
|Type of financing Loan10||Quick credits , loans with West African Loan Group , mini-credits|
|Maximum amount?||Up to € 750|
|And the minimum?||€ 50|
|What is the maximum term?||30 days|
|And the minimum?||7 days|
|Free first loan||Yes, up to 300 euros|
|What interest do you charge?||Up to 2,830.78% APR|
|Do you ask for endorsement?||Not|
|Loan simulator and calculator Loan10||Yes|
|Can you defer payments?||Yes|
|And the advance payments?||Too|
|Where is it hired?||Online, also by phone|
|How long does it take||10 minutes|
|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?||Do not specify|
|Do I have to have a payroll to request Loan10?||No, but if income|
|Can I apply if I am a pensioner?||Too|
|And with unemployment or unemployment?||Too|
|What if I am a company?||No, but it depends|
|If I am self-employed?||Likewise|
|What age range does it support?||20- 65 years|
|Can I verify my details with Instantor?||Yes|
Amount, term and interest rates
The amount of money that we can ask for is up to 750 euros, with a period of 7 to 30 days.
Regarding the interest rates, they are in the market average. The nominal rate (TIN) is similar to that of other immediate response online credit companies (link). The APR in fact stands at 2830.78%.
However, sometimes it is possible to get Loan10 promotions where new users can finance themselves at no cost, by obtaining their first free credit.
Here are several representative examples showing the cost and fees you charge:
For a request of € 300 in 15 days, € 370.5 will have to be returned
For a request of € 300 in 30 days, € 396 will have to be returned
If we ask € 200 for 30 days, € 264 will have to be refunded
The first time, clients have a limited amount up to € 300, from the second loan we can increase the amount up to € 750.
What is Loan10
Loan10 is one of the pioneers in the market in offering mini credits and loans in 10 minutes of small amounts. Founded in 2010, it was the first Spanish entity known to offer immediate online credits. The trademark belongs to the company P10 Finance SL with CIF B25746983 and registered office at Calle Del Bruc 2, Entresuelo 2 Izq, 25001, Lleida.
While in other countries like the United States these financial products are widely known, in Spain until recently they did not even exist.
It was with the onset of the crisis that these entities saw the business opportunity to lend small amounts in the short term. In practice they are used to cover unforeseen events, emergencies and unexpected expenses.
Advantages of requesting a loan online at Loan10
This financial institution has values that make it a highly reliable place to ask for money. The benefits and advantages that users obtain when requesting credit in Loan10 are so many that it is worth noting the most relevant:
Quick: This credit portal is aware of the importance of granting agility in the procedures when looking for financing. Thanks to having automated management they are able to give immediate response.
Flexible: We can adapt the micro credit according to our payment capacity, adapting the term to our liking.
Transparency: The entity has a commitment to quality and transparency towards its users. That is why from the loan simulator we can know the fees, commissions and interests that they charge us before starting the application.
Security: The data that we provide to the company is encrypted and protected as it has the latest computer security tools. They encrypt data using an SSL certificate, confidentiality being guaranteed.
Right of withdrawal: We have up to 14 days to cancel our loan contract at no cost.
Requirements to obtain a loan at Prestamo10.com
Next we show the requirements that we must meet to access the credits of this lender.
Be over 20 and under 65 years old.
Have residence in Spain
Have a DNI and NIE
What if I am in the West African Loan Group?
Loan10 West African Loan Group is not viable as the credit institution does not accept customers who appear on any delinquency list. If we are stuck in a file of defaults we must look at the list of companies that accept people with West African Loan Group .
How to obtain a mini loan in Loan10
The loan application process in Prestamo10 is actually very simple and intuitive, let's see it:
1 - First we enter the official website at www.prestamo10.com
2 - Secondly, we must indicate the amount as the repayment term that best suits our needs.
3 - Then we will have to fill in an online form with our personal data (name and surname, date of birth, etc.)
4 - Later they give us an answer as to whether our loan application is approved or rejected.
5 - Finally, if it is positive, we receive the money by bank transfer. Although it is done immediately, it may take 24 to 48 hours if the issuing account belongs to a bank other than the receiving one.
If you want to get urgent money in 10 minutes, Loan10 is undoubtedly one of the best options.
Loan10 promo code
Right now the entity is not launching any special promotion for new customers or for those already registered with the company. However, from Igreigre we promise that if in the future they launch any promotion, discount or similar to users in this section, we will let you know.
Documents needed to obtain a mini loan with Loan10
Copy of the DNI or NIE on both sides
Proof of income, it does not have to be payroll, it also serves a pension, unemployment benefit or self-employed among others.
Bank receipt showing the owner of the bank account or the first page of the card
How long does Loan10 take to deposit the money?
In less than 10 minutes after our request is approved we can have the money in the bank account provided.
But, if we work with a bank other than those of the entity, this can be delayed from 24 to 48 hours.
Which banks does Prestamo10 work with?
For more information about the Prestamo10 banks, contact their customer service department. Even so, we can confirm from here that it works with the main banking entities in the country.
To return the Loan10 mini credit, the institution provides several means of payment so that the client decides how to make the refund. In this way we can choose between any of the following options:
Transfer: We make a transfer to the account number of the creditor company.
Cash deposits: We can make a cash deposit to the creditor's account. If we choose this second option we must put in concept "Name and DNI" to correctly identify the payment.
Postponements and Extensions
In the event that the expiration date arrives we cannot pay the debt, Loan10 allows us to request an extension.
Through this extension of the loan we were able to postpone the payment until a new date.
It is requested from the Private Area (Client Area) and must be done before the payment deadline. In doing so, we will have to pay a renewal commission and pay the interest until the date that it has been generated.
Just contrary to what is mentioned in the previous paragraph, if we want to amortize in advance we can do so. This means savings for us by calculating interest on a daily basis.
Consequences of not paying the loan
If we cannot return the money nor do we request an extension, leaving the Loan10 loan unpaid, this causes us a series of penalties that increases the total debt.
We will be charged a commission for non-payment of 30 euros in addition to a default interest of 1.35% daily for 30 days.
At the signing of the contract, we have also accepted that our name may be included in a West African Loan Group record of defaulters, which may be another action carried out.
Without forgetting that together with all this, they can claim the debt judicially and even through recovery companies.
Loan10 customer service phone and contact
To contact Prestamo10 we can contact you by phone or email, from the web form as well as your social networks
Below we show all the possible ways if we need to communicate with this company.
Loan10 Telephone: 93 170 21 26
Free claims phone: 900 845 454
Collections department phone: 93 170 21 42
All these numbers are attended during their customer service hours, Monday to Friday from 9am to 8pm, while Saturdays from 9am to 8pm and Sundays from 10am to 6pm.
Email: firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, email@example.com, firstname.lastname@example.org
Social networks: Twitter, Facebook
In addition to all these options, we can make use of the customer area from where we can carry out our procedures and speak with the company's agents.
Therefore we have to access Loan10 "My Account" on the official website, log in with a username and password and make our inquiry.
The customer service of this entity is characterized by being of quality, fast and also friendly with its customers.
Opinions about Prestamo10
This company is characterized by having a good valuation in the market, not only from its users but also from experts in personal finance who often recommend it.
Below we show you some of the comments and Loan10 opinions of clients of the entity:
Carlos "Mini-credits allow me to get money instantly, it's what I like the most about P10"
Marga "I have requested it without leaving home, online and almost without sending documentation"
Julián "I was looking for liquidity to cover the breakdown of my car, they gave me the quick solution I needed"
Opinion Loan10 in 2019 - Our Valuation
Prestamo10 is a reliable, fast online loan page that offers solutions to people who need money as quickly as possible.
It allows us to obtain amounts between 50 to 750 euros to be returned in 30 days. Their deadlines are adapted according to our circumstances, no matter the purpose and can be achieved without payroll.
Would you like to have a space where you can answer your doubts and questions about the Loan10 offer? Below we enable a section where you can make your inquiries, leave your opinion, complaints or complaints related to this company. Tell us what you think, we want to know!