When you need a 500 USD loan, it is generally quite urgent. So let’s see how to get a 500 USD credit as soon as possible. However, special attention should be paid to rates when it comes to mini credit. They can be quite high.
Get a 500 USD loan as soon as possible
The best way to get a 500 USD loan quickly is to already have revolving credit. Indeed, in consumer credit, when applying for a new loan, the law always provides for a withdrawal period of at least 7 days (or even 14 days). No payment can be made during this period.
It is for example possible to ask only 500 USD on a credit contract 1500 USD. Most small revolving credit solutions do not exceed the 3000 USD credit bar.
How to get a mini credit without delay?
- Already have a credit
As we will see later, many people already have revolving credit on which they can request a transfer of 500 $ immediately. It can be a credit of 2,000 USD, or even more. The maximum amount of revolving credit is set at $ 6,000. The customer sometimes does not know that he is able to request an immediate payment of a reserve of money on credit. These are mostly loans obtained with a revolving credit card.
- Request a credit <200 $
It is certainly not a 500 USD credit, but it is the only way to get around the law to get the money immediately. Indeed, a loan of less than 200 USD is not considered to be a consumer loan. Companies like Astro Finance and Viloan have made mini loans their specialty. The amounts of credit are moreover to be reimbursed in less than 90 days in all cases.
Now, if you are not too caught up in time and can wait a good week to receive the money, it is better to compare the credit rates 500 USD before committing. Indeed, the rates of credits lower than 200 $ and those of store credit cards are generally pushed to the maximum of usury, and therefore around 20% rate APR revisable.
Compare the 500 USD credit
Most of the 500 USD credits will be offered in the form of revolving credit. This type of credit is generally quite expensive. We pay for its flexibility and for small monthly payments. The flexibility of this type of loan is to be able to make prepayments at no cost. And if possible, that’s what you need to do to lower the cost of credit. It is thanks to this feature that it is also known as cash credit.
The other big advantage of revolving credit is being able to benefit from small monthly payments. For example we can find monthly payments that start from around 20 USD / month for a credit 1000 USD. The choice of the monthly payment is major for a credit 500 USD. The smaller the monthly payment, the longer the repayment period and the more expensive the loan.
Here are three examples of 500 USD credit, the rates of which will be very different depending on the rate charged or the chosen repayment period.
Cheaper credit 500 USD
- Repayment period: 6 months
- Revisable APR rate: 8.00%
- Cost of credit: $ 10.90
Loan 500 $ with the smallest monthly payment
- Repayment period: 35 months
- Revisable APR rate: 21.06%
- Monthly payments: 19 USD / month
We can see how important it is to choose the best 500 USD loan, or the one best suited to your needs, to limit the impact of the total cost.
Obtain an agreement for a 500 USD credit
The other major point in finding the best rates is being able to get a quick revolving credit agreement. No need to get a rate classification to get a denied credit. It is with this in mind that we have adapted our comparator. Indeed, we not only offer a classification but in addition the organization that offers the best offer will immediately send a response in principle. It will be posted directly on our site. If the file does not pass, it will suffice to interrogate the second with a single click.
Request 500 USD on an existing loan
The quickest way to get 500 USD and withdraw it from an existing loan. In fact, most store payment cards are backed by a
revolving credit. Credit with a card serves not only as a payment account but also as a credit reserve. It is possible to request a transfer from this reserve directly to a bank account. You just have to have a minimum available of more than 500 USD.