A financing modality that is currently charging interest is loans obtained from ATMs. These loans are easier and more convenient to contract, with hardly any paperwork, and for which you can access a maximum amount of up to 12,000 dollars, although, on the contrary, you will probably have to pay interest above 10%.
Loans and credits from ATMs are constituted as a new way to contract a loan or loan, easily and conveniently, that does not need paperwork and can be accessed instantly and at any time of day at the tellers of the issuing entity.
It is only necessary to have a credit card
PIN number to have a maximum amount of up to 12,000 dollars, in these loans obtained from ATMs. It is precisely not the excessive generosity in the maximum limits that grant one of the characteristics that these banking products present, and that unlike those granted through other channels (branches, internet or by phone) that usually extend their advances In a more decisive way, in these formats the minimum amounts they provide are very affordable for any customer profile since it can be demanded from only 300 dollars.
As for the payment conditions offered by these loans obtained from ATMs, the maximum financing period is usually 5 years, while the interest rate varies depending on each bank proposal, although almost always staying above the barrier of 10%. On the other hand, they do not usually generate opening commissions, although they do contemplate some type of compensation for early repayment that raises the final payment for contracting any of these loans.
In any case, for their special contributions to the plaintiffs, the loans obtained from the ATMs are designed for situations in which the need for liquidity is pressing and one cannot wait too long in its concession, developing a fast process and without too many complications in its formalization, Of course, the initial requirement to access this source of financing is none other than being a credit card holder and, of course, that through it the operation is admitted from the ATMs to withdraw the amount demanded.
Obtaining cash through ATMs
Obtaining a loan through an ATM is not yet a system that has been fully integrated into the banking market, it is still a minority, but it does offer at least some interesting initiatives to be considered by users, especially in situations in which the demand for liquidity is more urgent and cannot be expected to other more direct modalities in its concession.
In any case, the automatic authorization of the loan will depend on the pre-granted limit to each client. The Good Finance Bank contemplates another way of financing that may interest users, always through these intermediation channels and which, where the holders of a credit card signed with the entity are in conditions of Apply for a loan with these characteristics.
5 reasons to contract a loan from an ATM
- They are easier and more convenient to obtain since they can be channeled through any ATM, at any time of the day.
- The requirements are clearly lower than through other means of financing since in many cases they are pre-granted loans.
- They serve primarily for cases of special urgency, where their plaintiffs need liquidity in the shortest possible time, so they can use them even on weekends.
- They generate a solid liquidity tip for their expenses or needs, but always through less expensive amounts than those generated by other more conventional credits.
- They do not usually involve commissions for opening the loan, although, on the contrary, they include some type of compensation for early repayment.