Personal Loans | Product review

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A loan that is easy and quick to obtain is that of Volana. This is a microloan that goes from $ 1,000 to $ 6,000 pesos that you can get in 24 hours.

When deciding on Volana to obtain a loan, you have the opportunity to get up to $ 6,000 that you will have to pay in 30 days with the great advantage of not having to pay interest to be your first time with them.

You are interested if

You do not have enough money to pay the bills and you are not looking for something that commits you financially. With Volana, you choose the term and for the first loan, what you request is what you pay.

 

Key points

Short description The personal loans of the Mexican company Volana consist of fast microloans that provide you in a short period and without much paperwork up to $ 6,000 pesos so that you pay them in a maximum period of 30 days.
Limits and deadlines With Volana personal loans, the limit of money you can request is $ 6,000 pesos, although while you are during the loan period, Volana gives you the possibility to request an additional amount. In terms of terms, the available loans can not be less than 7 days or greater than 30 days.
Acceptance times Once the application is submitted, the time to wait to have the money depends on the way in which we choose to receive it. Normally, the company responds between 24 hours and choosing bank transfer, money can be had immediately after approval. If you decide to receive it in cash, the money will be available 12 hours after it has been approved.
CAT Calculated for a loan of $ 6,000 to 30 days, the average CAT without VAT is 3564.4%, which applies to customers who have already processed a loan with Volana before.
How to hire it In its portal, there are different methods to get in touch with the company in case there are doubts, but the only way to process these microloans is to fill out the application online.
Main requirements Be a Mexican citizen, be between the ages of 20 and 65, have proof of income, have a telephone number and an email.

 

Information about Volana personal loans

Information about Volana personal loans

Main features

Volana offers a quick, effective microloan that adapts to your lifestyle. The maximum amount of our loans is $ 6,000 pesos (for existing clients) and $ 2,500 pesos for new clients, always with a term of up to 30 days.

Other advantages offered by this product:

  • The first loan is without any interest.
  • The loans are accessible from anywhere in Mexico, only an Internet connection is required.
  • Services are available 24 hours a day, 7 days a week.
  • Registration is easy and fast. In less than 5 minutes, the company will give you an answer to your request.
  • Personal data is completely confidential and is treated with maximum security.
  • The transfer of money to the client’s account is done on working days.

How do they work?

How do they work?

As mentioned above, in order to process Volana’s personal loans, the most important thing is that you have an internet connection that allows you to access your online portal.

Making the application for a Volana loan is very easy: you only need to fill out the form online and in moments we analyze the requests and respond. All applications are subject to the terms and conditions of the loans. The process itself consists of three steps, which will be detailed below:

  1. Choose an amount and term in the simulator, then press “REQUEST NOW”
  2. Continue filling out the registration form. Do not worry! We are going to ask you several questions regarding your personal and banking information. This information is extremely important to be able to give you the loan quickly and safely – all information is confidential and will only be used to validate your loan.
  3. After providing all the information requested, wait a few moments for our confirmation. If the application is approved, you will be informed in your profile on Volana.com.mx and also by email and text message.

Once you are already registered with the platform, the following loans will be even simpler, since all you have to do is enter your account, and choose the amounts and terms of your new loan. On the other hand, if there are any doubts, Volana’s assistance and customer service is always available and they make several contact forms available to the person.

It is worth noting that, unlike other companies specializing in fast financing, Volana loans can be received in two ways: 1. By transfer, directly to the bank account through the use of CLABE or debit card number, with the money being available in minutes once the loan is approved, or in cash, through the nearest branch of Volana’s banking partners, in which case the loan amount will be effective 12 hours after approval.

Flexibility and accessibility are two of the characteristics that can most be related to Volana personal loans. Therefore, for the return of the loan, people have a wide variety of payment options, among which are:

  1. Through PAYCASH in Soriana stores, Comercial Mexicana, 7Eleven, Extra, CircleK, Bodega Aurrera, Walmart, SAM’s Club, Superama and OXXO. This method consists of going to any of these stores (ideally the nearest one), presenting the reference number that Volana will send by email. It is important to note that a reference number must be used for each payment.
  2. For those people who always have a lot to do and do not give them the time to stand in line or wait a long time, payment by debit card is the best option. In this sense, Volana will send a link, which will be personalized and with which you can capture the data so that you can make the loan payment.
  3. Payment in bank account of the following banks: Inbursa and CI Banco. Equally, the important thing is to keep in mind the account number / agreement and the reference to be able to carry out the deposit.

The payment can also be made before the loan is due with any of these methods. There is no penalty for doing so and only accrued interest would have to be covered until the date you wish to pay.

Continuing with the two characteristics most closely related to these microloans, Volana presents the ability to its clients to restructure the loan term. It may be that a situation arises that causes things not to go according to plan, so this option is extremely useful. Through restructuring, one can choose a new due date and thus have more time to make the payment. The terms available for restructuring are of 7, 14 or 30 days.

Similarly, in unfortunate scenarios that arise, sometimes changing the date when the loan is due is not what is needed. The amount required to resolve the situation is likely to increase and online lenders dedicated to microloans offer applicants additional money only after the current loan has expired.

Luckily, by being registered in Volana, people have the possibility of requesting an additional amount to the existing loan. In this sense, the lender makes an automated review of the person’s data and will indicate in his profile the amount that is available. This is an option that all Volana users can take advantage of as many times as they wish until the maximum allowed by the credit line is reached. When making use of this option, the initial credit and the additional amount will be combined in a single loan maintaining the same term as that of the original application.

What do I need to obtain a loan with Volana?

What do I need to obtain a loan with Volana?

To start the process of hiring Volana personal loans, there are certain conditions and requirements that must be met, among which are:

  • Be a Mexican citizen
  • Be between 20 and 65 years old
  • Be an employee or independent professional with regular income
  • Have a cell phone and an email
  • Complete all the information required in the loan application
  • Choose the form to receive your money that, as we mentioned previously, can be in a bank or cash account

In addition to this, the person is required to upload a selfie holding the elector’s credential and the image (front and back) of their official identification (IFE / INE), in image format, be JPG, PNG or any other another, not PDF. This can be carried out through the profile in Volana.com.mx portal or it can also be sent to the email address specified for it, documentos@volana.com.mx. At the moment, the only official identification accepted by the lender is the voter’s credential. Although it is very rare, there are cases in which an image of the bank account statement must be submitted, for which Volana will contact one.

conclusion

conclusion

The main objective of Volana is to offer to all people in Mexican territory, an alternative financing that is easy, fast and responsible to obtain and with which they can cover any unforeseen event. With this vision in mind, this is a company that is working every day to give exceptional treatment to all its customers, maintaining at all times the main pillar of its service, transparency.

The financial product they offer, in itself, is more dedicated to those people who have never applied for a loan before. The interest generated by the loans can be very high, having a great impact on the budget and financial planning of a person and if the loan is something that is needed for a very specific reason, the most convenient thing is what Volana offers. in his first loan, the possibility of paying only what is requested.

The company: Volana

 

Volana is one of the two financial companies in Mexico that are part of the 4finance group, which began its journey in Mexico on November 16, 2015, being part of one of the world’s leading microloan companies.

Currently 4finance Group offers services to clients in 17 countries: Poland, Sweden, Denmark, Finland, Czech Republic, Bulgaria, Romania, Armenia, Georgia, Lithuania, Latvia, Spain, Mexico, Dominican Republic, United States, United Kingdom and Argentina.

To date, 4finance Group has granted more than 11.5 million microloans in the world and in Mexico, they have become an extremely popular lender.

Opinion about this product

 

Among the advantages and disadvantages that we noticed when we analyzed the loans offered by Volana, we saw that this is a highly recommended product for those who do not have a very high credit need.

On the positive side, there are three factors that lead us to give a good opinion of these microloans. First, there is the 0% interest rate for the first loan. Second, the ability to restructure the payment so that the loan lasts longer and can have more flexibility. Finally, being able to request additional amounts to the loan that has already been hired gives one the ability to always be prepared in cases that aggravate the situation in our hands.

On the other hand, we think that limits in terms of credit and terms are negative aspects. Many companies establish a maximum amount and period for the first loans, but they give the ability to increase it as the payment capacity is checked, while with Volana you can only obtain the $ 6,000 pesos at 30 days


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