Youth Loans is a platform that serves as a search engine for credit service provider agencies throughout Spain, but its work goes far beyond becoming a simple mediator. Its strength and what precisely makes it stand out among the credit market is that it offers other types of invaluable incentives and support of different kinds. Among them we can find the loan to young people between 18 and 25 years old.

Youth Loans

This is a great competitive advantage offered by since many provider agencies exclude this part of the population that, despite the fact that they can legally assume credit responsibilities, are forgotten because they do not have the level of financial trust that is granted to people. older. However, if you are to think about the future, it is important to assume from the outset that young people have the right and need to have access to credit services. In this sense, offers a wide variety of agencies that accept users between 18 and 25 years of age. With these loans the economic age gap is reduced and the same benefits, rights and responsibilities are granted to young entrepreneurs as to people who have an older age.

The requirements to apply for one of these credits are quite simple and perhaps that is where its great potential to stimulate the economy of young entrepreneurs lies. The first thing you should have is a mobile device with which to receive confirmation of the different steps of the loan, additionally the device will give you an identification thanks to which the agents in charge of accepting the terms and conditions can communicate with you. Secondly, it is essential that you have a bank account in your name, so that you can dispose of the requested money with absolute freedom and with complete responsibility. Third, you must have a permanent residence within Spain. And finally, you must have the ability to demonstrate a constant income that allows you to assume the agreed payments.

Perhaps this is the key to the whole youth loan thing. Because many assume that they do not have the financial possibilities to take charge of the agreements and the agreed conditions. However, if you provide proof of income, even if it is only € 400, you will find the doors open to applying for loans. But these are not the only loans you can get, also the mini student loans, which have to do with supporting students. These require showing even less income than other credits because even the constant sending of money to your bank account by a relative, without you having your own job, counts as a form of validation of your ability to pay

However, before deciding to apply for one of these loans, it is necessary to bear in mind that the penalties for non-compliance with them can be quite serious. Sometimes the dispute can end in court, leaving a mark on your legal record forever. It is highly likely that they will generate a report for the delinquent lists, which will possibly prevent you from accessing any other credit in the future. For this reason, we always recommend being very aware of the terms and conditions and having financial awareness and managing the administration of your own finances.

Youth Loans : 4.2 / 5 of 22 votes
Roger molins Jerome P Allison ( LinkedIn )
I am a freelance writer and consultant for companies and individuals, with a particular emphasis on fintech, technology, startups and online marketing. More information ...