In essence, all available types of loans are divided into two major categories – short-term and long-term loans. In principle, the definitions of these credits are quite self-explanatory. Short-term loans are loans of a smaller amount that are issued for a shorter period, usually up to one year. Long-term loans are larger loans that are issued over a longer period, such as several years.
In order to start choosing the most appropriate loan for your needs, a person has to consider some factors that have a determining role in the selection and classification of loans.
You can read more about all of the above on our website. We have, with the best of our conscience, tried to describe and comprehensibly describe information on all types of loans available to providers, as well as to explain who should pay particular attention to each type of credit. Remember that information is general and has an informative role, you can get accurate information about your particular situation by contacting the particular credit institution where you want to draw your credit.
As mentioned earlier, you can find various types of short-term credits at providers. Short-term loans are the best option if you need to borrow a relatively small amount of money for a relatively short period of time. Fast loans are usually issued for amounts up to € 4,000 to be repaid over a period of up to one year.
SMS credit is a type of short-term loan that can be executed by SMS. This type of quick credit is a good solution when there is money you need to get fast. It is possible to receive an SMS loan simply by sending a properly formatted message to the relevant credit provider. SMS Credits are usually issued for money ranging from € 5 to € 700 for a period of 10 to 30 days. The biggest advantage of SMS credits is, of course, the ability to borrow anywhere in the world, as borrowing is possible by sending one SMS. At the same time, money can be obtained quickly and efficiently in your account to cover the necessary expenses.
Quick loans are by nature a convenient and easy way to borrow relatively small amounts of money for a short period of time. Quick credits are different from SMS credits by the fact that quick loans can be made online or by physical arrival at the creditor’s branch rather than by SMS. Quick loans are the ideal solution for situations that require urgent money and urgency. Credit institutions that offer high-speed online loans offer up to € 4,000 to borrow for up to one year. Fast internet credits are often available for first-time borrowing without interest. It is worth remembering when choosing a quick loan issuer. Y
Consumer credit is a short-term loan, which differs from other types of short-term loans in that it is possible to borrow the necessary funds at lower interest rates when choosing consumer credit. Depending on the creditor chosen, the credit may be up to € 10,000 for up to 72 months. It should be noted, however, that the maximum amount set by creditors is most often € 3000 with repayment term up to 36 months. Consumer credit typically has more flexible terms and friendlier credit repayments than other types of quick credit. Consumer credit is suitable for making larger, urgent purchases or paying for services.