If you have arrived here, you are probably looking for a way to request an online credit line or at least you will want to get information about credit lines in general and about online credit lines in particular. Let’s start at the beginning:
What is a line of credit?
A line of credit is a specific financial product for individuals or companies. They are characterized because the recipient alternates times of the year of higher expenses than income with times when they have sources of income that allow him to face the expenses generated. So, if you grant us an online credit line worth 3000 USD, we can use that money as a limit, but in the case that we only need 1600 USD, we will pay only the interest accrued for those 1600 USD, having available 1400 USD Remaining for any need.
How does the credit line work?
Above we have explained it in broad strokes, but here we are going to detail it.
- The customer “Pepito” requests an online credit line of 1000 USD to return it in 4 months.
- In 15 minutes you receive an affirmative response to your request.
- “Pepito” only needs 500 USD at the moment so he withdraws this amount to his bank account.
- “Pepito” must pay a commission for each withdrawal (ranges between 9% and 13%, but some companies offer online credit lines with the first free withdrawal)
- “Pepito” will pay monthly fees only for the 500 USD he has used.
- “Pepito” still has another 500 USD available for whatever you need.
Now that you know how the online credit line works, let’s see where we can request it.
Where to request an online credit line?
Currently, the following financial institutions offer online credit lines.
Lite Lender online credit line
With Lite Lender you can request a credit line of up to 500 USD if it is the first time or up to 1000 USD in the following operations. They have an offer for new customers in which if you return the 500 USD in the first 30 days, the credit is free.
Cream Bank online credit line
In Cream Bank they offer us up to 3000 USD to return between 2 and 36 months and you only pay interest for the money arranged. You can also advance the return to save interest.
Online credit line with your credit card
Here we show you the possibility you have of hiring a credit line through the internet with credit cards.
Astro Finance credit card
With the Astro Finance Gold credit card you have up to 10,000 USD of credit line (after study) in which you only pay interest for the money you use. It is free forever. You can pay the entire amount used or postpone it in monthly installments. You can pay with the mobile. You can get cash. Without changing banks.
Good Finance Credit Card
With the Good Finance credit card you have up to 30,000 USD of online credit line and you only pay interest for the money you use. It is free forever. You can pay the entire amount used or pay it in monthly installments. You can pay with the mobile. You can spend money to your checking account. It is not necessary to change banks. It has points program.