Easy fast online loans – Can I get a loan online

Can I get a loan online

A personal loan is a form of credit typically used for a specific purpose.

How to buy a car, finance vacations, online loans- find more.

You request a specific amount and make regular repayments to your lender, usually every 30 days.

At the end of the term of your loan, it is reimbursed in full with your respective interests.

When considering taking this type of loan, it is important to consider whether you can meet the installment and interest payments.

In addition, you should know how to repay a personal loan, to avoid default on payments that usually cost a lot of money.

Do you need a personal credit? We help you get the best personal loan you can find on the Internet.

What is a refund?

Basically, a refund is money returned to a payer or the act of returning money previously received.

A refund usually refers to the refund of funds to a customer for a product or service provided, for reasons such as defects in the merchandise or dissatisfaction with the work performed.

For example, the purchase of a defective product, where the merchant returns the money.

Or in the case of a personal loan, it is a question of returning the money that was originally lent to them.

It is also often known as the repayment of the loan. And it is not only important to get the borrowed money we need, but it is also very important to know how we have to amortize that money.

How can you repay a personal loan?

This is one of the most frequent questions that users of credits ask when borrowing money.

And it is not for less since it is important to have it very clear to avoid mistakes that usually cost money.

There are several ways to repay the money from your loan to the lender, let’s see below what they are:

Automatic payment from your bank account

This option is the most recommended since it is the most convenient way to return the money, without running the risk of forgetting to make the payment, which entails paying penalties for non-payment.

You just need to tell your lender that you want this payment method and specify a bank account.

It may be the same one in which you receive the loan, in which you will be charged the monthly installments.

All you have to do is make sure you have the money in your account before the bill goes through.

In this way, the lender will receive the money automatically on the day of the expiration of the fee.

With this option, you will not have to pay extra money in penalties or additional charges.

When you have paid the entire credit, you will receive an email notifying you of the completion of the payments and therefore these payments will be suspended automatically.

Wire transfer

You can also make payments through a bank transfer, you just have to have the bank account number of the lender on hand.

You can do it from the Internet, ATM or from your own bank.

Just keep in mind that, if your entity is not the same as the lender, the money will reach the lender one or two business days later (depending on your bank).

So you will have to enter the money in advance, calculating that the day of completion of the quota arrives since otherwise you would have to pay additional charges for the delay.

Cash income

You can enter the money from your loan installment in any of the entities that the lender has.

You just have to have the account number on hand, just like the bank transfer.

And go to the bank entity of which the lender belongs and enter the money.

Credit card

With this payment option, you will have to call the lender’s customer service phone number to make the payment using your credit card.

You just have to follow the instructions indicated by the operator and have the credit card on hand to provide the card number, the expiration date, and the security code.

And logically ensure you have a balance in it.

Note: Any of the above options is necessary to accurately indicate the customer number in the concept of income, otherwise it will be difficult to know the origin of the transfer. And consequently, apply a sanction for non-payment.

So it is very important not to forget this information so that the lender knows the origin of the transfer and the payment of your loan fee is applied.

How to choose the best way to repay a loan?

¿Cómo elegir la mejor forma de amortizar un préstamo?

Most of the payment terms are monthly.

When choosing your payment structure, you may want to consider additional and anticipated refunds.

Since there are circumstances in which you could end your debt early.

And knowing these terms well in advance will help you act intelligently.

So, before hiring a personal loan:

  • Find out if your lender will charge you fees for additional reimbursements.
  • Check if your lender has restrictions on how much you can pay more per year (fixed rate personal loans can have this).
  • If you plan to repay the entire balance of your loan in advance, check if there is a penalty for it.

Knowing these terms in your loan, you can decide at a given moment of more fluidity of money if it suits you to pay in advance or not your credit.

Additional tips on personal loans …

It is important to be careful when hiring a loan.

So we recommend you be careful with these traps when you take out a personal loan


Some lenders try to comply with life or unemployment insurance policies just before signing your loan documents.

While having insurance can be beneficial, the policies can also be expensive and your loan unaffordable.

If you are interested in insurance, be sure to investigate first before accepting a plan.

Opening commission

It is not uncommon for lenders to charge fees for the opening commission, but what some borrowers do not realize is that this fee is subtracted from the amount of your loan before receiving your funds.

In other words, you will never see all the money approved if your loan comes with an opening commission.

An example: A loan of € 1,000 with an opening commission of 10% only allows you to get € 900.

The penalty for early payment

It is likely that you can not save interest if your loan comes with a fee for early cancellation.

Early payment penalties are a way lenders can ensure that they get the most out of your loan, just as they would if the full term was maintained.

Many lenders do not charge fines for prepayment, so you may not have problems and may be able to save paying interest.


Which refund method do you like the most?

I hope this article is useful for you and take into account the advice I have given you.

Many times mistakes are made for lack of knowledge, so it is important to be well informed, in this blog you can always be.

Remember that financing is part of your economy, for all this, you must take care of it to have good financial health.

Now that you have the knowledge on how to repay a personal loan, why do you lean?

Tell us what you think and share this article with your acquaintances to know what they think.