Easy to obtain and practical, but often subject to a high rate, the Mini Bank Credit today erases the shadow on the board. Until August 31, 2019, the small loan is guaranteed at a rate of 0% for all new customers. The opportunity to discover a solution often adopted by a large part of individuals repressed by the traditional banking system.
Bank: the “free” mini credit until the end of August
Mini credit is often a bit expensive compared to the more traditional solutions of small revolving credit of large organizations. The amounts claimed are admittedly insignificant compared to a repayment duration of 15 or 30 days, but the addition can be salted when the loan becomes recurrent.
Main actor of the mini credit (with Astro Finance), Bank marks the spirits with its offer at the rate of 0%. A free mini money loan, reserved for new customers.
Free Bank Mini Credit Terms
- Offer reserved for new Bank customers
- Amount: up to $ 500 maximum
- Repayment period: 15 or 30 days
- Rate: 0%
- Validity: 08/31/2019
The rate is certainly 0% but you must not forget to repay your credit within the time limit. Any delay in payment will indeed result in non-negligible costs, up to $ 20.00 every 10 days (from D + 1) for a month.
It should also be noted that free access only concerns a first request. However, the average rate applied by Bank in a classic situation varies between 17% and 20%. No reason to panic, however, this rate compared to a request of $ 200 over 30 days corresponds, for example, to only $ 4.00 in fees (for a rate of 18%).
Need more than 500 USD = revolving credit?
The Bank offer therefore allows you to discover a good mini credit solution at no cost. For any request greater than the 500 USD credit, it is preferable to compare the rates of the revolving credit. The revolving loan from the major players in consumer credit also makes it possible to borrow over 6, 12, 24 or even 36 months. Credit is less easy to obtain than at Bank, but nothing costs to make a simulation of eligibility without engagement.