Creditea or Cofidis? Which one I choose? Opinion of a professional

When we are presented with an unexpected expense and we do not have enough money, the first thing we think about is asking for a quick loan. Among so many options, sometimes it becomes difficult. The best thing in these cases is to make a comparison between the best. Here we are going to contrast two offers of fast credit companies that stand out: Creditea and Cofidis.

Creditea or Cofidis? Which one I choose? Opinion of a professional
Creditea or Cofidis? Which one I choose? Opinion of a professional

Why choose Creditea

We can get a credit instantly for any eventuality . You can choose a minimum amount of € 500 and a maximum line of credit up to € 5,000. They do not charge management fees or commissions for the approval of the loan. The repayment period is 61 days up to a maximum of 36 months.

We have the possibility of making the return flexibly in 36 months, without paying a commission for early repayment. The requirements and conditions to request fast loans are the same for both Creditea and Cofidis : be of legal age, have a domicile in Spain and have a valid identification document (DNI or NIE).

It is not necessary to guarantee or obtain another bank account. It is also not required to charge for payroll, only have verifiable monthly income, regardless of whether the money is obtained through payroll, unemployment benefit, pension or self-employment. Neither Creditea nor Cofidis accept files from defaulters such as Credit Checker or any other similar.

The application process for both companies is completely online , from the application process to its approval. It is not necessary to leave the house or wait in long lines, much less do bureaucratic procedures. With just having Internet, a computer or a mobile, the rest is easy.

In both companies, the approval response is obtained in a few minutes . The company offers the client the deposit of the money in just 15 minutes, if the loan is approved. Regarding the fast credit repayment, it offers us flexibility of installments: between 2 months and 36 monthly payments.

If we make an advance payment, be it total or partial, we do not pay any commission. If it is difficult for us to pay a fee, Creditea gives a “month of respite” , that is, deferring the payment of the monthly payment. It is feasible to anticipate or postpone the return time, when we request the modification. This service carries a minimal additional cost.

Finally, in terms of interest rates, it offers a considerable range of financing for those who apply, from credits with a minimum APR of 24.90% to credits with a maximum APR of 381.28% reserved for higher risk profiles.

Advantages of choosing Cofidis

Cofidis has a direct line of credit that allows financing any emergency. The amount that it allows us to obtain varies between € 500 and € 4,000. They do not charge maintenance costs or commissions for the approval of the loan. Neither is it essential to change banks. The repayment term of this company is longer than that of Creditea.

The repayment periods range from 12 to 42 months. They do not charge commissions for partial or total cancellation. The final term can change in a month according to the financing days. The response of the credit approval is immediate. Although the deposit of the money is made in a maximum of 24 hours, if the loan is approved.

The Cofidis fast credit repayment offers us flexibility in the amount of installments : between 12 months and 42 monthly installments, as well as the installment we prefer to pay. They do not charge any commission for early repayment. The interest is the same for all credits and terms. Minimum and maximum APR: 24.51%, TIN: 22.12%.

Ultimately, both companies have their similarities and differences. The truth is that both companies offer financial products that represent an effective solution for those of us who are faced with a money problem at some point. As it is personal loans online, all management is agile, fast and secure.

If you have been interested in this comparison, you are probably also interested in this other one between Cetelem or Cofidis , where we explain in which cases one or the other is appropriate.

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