Information about payday loans

Main features

Payday loans today are extremely easy to obtain. A great variety of companies exist in Mexico that are in charge of making finances more accessible for all citizens. With so many companies, sometimes the easiest thing is to go for the most popular and one of them who, despite being in the market for a short time, has built a great reputation among people

How do they work?

How do they work?

The process to apply for a payday loan , unlike what it would be in a bank, is not complicated. You start by making the request on your online platform, which, if approved, the amount will be reflected in the bank account provided, generating at that time a payment commitment according to the selected conditions.

Being a client that uses the platform for the first time, the steps to follow are detailed below:

  1. Click on “Apply for your loan” and follow the steps, that is, enter all the data; personal, banking and contact. This will take approximately 15 minutes.
  2. In case there are doubts with the data or any other part of the request, it is possible that a providers agent will contact you to resolve the situation.
  3. If the application has been approved, providers will contact the person for a brief visit, in which will have to be shown, a proof of address and a proof of work.
  4. If everything is correct, you should sign the loan contracts with the person who visits you.
  5. In less than 24 hours, the money will reach the account.

It may be an inconvenience for a person to pay a visit, but as we mentioned earlier, this is only when you are a first time customer on the platform. The process is carried out in a similar way for the second loan, with the exception that no visit is made.

With respect to the loan payment, one will be able to see in their providers profile (which can be accessed when the loan has been approved and the confirmation email arrives to the person), the amortization table that contains the payment amount and the days when the payment should be made. The important thing to remember is that the payment must be made based on the frequency chosen.

What do I need to obtain a payday loan ?

What do I need to obtain a payday loan ?

As with any lender, one has to meet a series of requirements to be eligible for a providers loan. These are described below:

  • Be a physical person
  • Be at least 18 years of age.
  • Be of Mexican nationality and reside in Mexican national territory.
  • Have a monthly income of at least $ 3,000 verifiable with a payroll receipt, bank statements and / or invoices or business receipts, as long as said income is of legal provenance.
  • Have an active bank account
  • Submit a proof of address. Those that are considered valid are the electricity, water or telephone receipts. These must be less than 3 months old from their date of issue.
  • Be a Loan user (have registered)
  • Apply for the loan online in Loan

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