Today we want to talk about ATM loans , their advantages and disadvantages, as well as the alternatives to ATM credits: personal online loans. Which financial product is better? In which cases is it better to request a personal loan before a cashier loan? We explain all this in these lines.
What are ATM loans?
For some time, banks and savings banks expanded their instruments to grant loans to customers. That does not mean that they offer more credit, just the opposite. Banks closed the credit tap more than five years ago. However, to compensate and mitigate the distrust of customers in their services, they extended their services to other financial instruments such as cashier loans , in the form of image washing.
Savings banks such as Caixa Galicia or La Caixa and banking entities such as BBVA, Bankinter or Santander have already been using ATM credit for a few years. However, the offer has not been received successfully by the general public, which is opting for personal loans. The reason is the same. Either they can not access these loans at ATMs because they have certain limitations, or, on the other hand, because it is a product very similar in essence to online personal loans, which have been well received. A success that grows exponentially year after year. Why the ATM loans have not had the same answer? In this article we analyze all aspects.
The average amount of these ATM loans is not very high, being an option for people who need quick money to face an urgent payment and do not have that amount, to face any necessary purchase or the reform of a home. They are just some examples. Before deciding on one of these credits at ATMs, negotiate directly with the bank since you can get results by being an active client. In fact, it is mandatory to be a client of the entity with which you intend to negotiate a loan of this type.
Cashier loans vs personal loan
The average amount of cashier loans are not very high amounts. Of course, the range is broad, is one of its advantages. They can oscillate in some cases around 500 euros but there are also loans of, for example, 10,000 euros and in some entity even more. The repayment term also varies according to the bank or savings bank that offers it, but they are usually between 2 and 5 years old. The problem is the high rates and interest that you can find in this type of cashier loans.
Therefore, especially when dealing with small contingencies that are urgent, in those cases the best option is to hire a personal loan . In addition, ATM loans can involve you too long term with commissions and fees that seem never to end. And that, if they grant it to you, since it is possible that they demand you very limited conditions and that you can not access the credit at the ATM. That’s why, because of its flexibility in terms of conditions, because it is a more fair and transparent financial product, because it is a loan for everyone (even people without work and without collateral or who have debts) and why not to involve your economy In the long term we prefer to always recommend a personal loan before a cashier loan.
Contract your personal loan
Credy offers very advantageous conditions in their personal loans online. In Credy.es you can find the best fast loans with Asnef and credits without endorsement and without endorsement. That is to say, even if you are included in a file of defaulters such as Asnef or RAI, you can have access to financing thanks to Credy. In the same way if you are out of work and you have no one to endorse you. We make it easy!
And since we want to offer you more facilities, you should know that the entire application process only lasts about 5 minutes in total (a short form and the choice of loan conditions) and you will get a response in less than 15 minutes, so in That point we could already enter the money in your bank account. All the procedures are online and you will not have to get up, not even from your couch or from the place where you are when you need money urgently. Get up to 750 euros in less than 15 minutes with Credy!