Interactive study on Online Microcredits in Spain

 

Interactive study on Online Microcredits in Spain

Nobody doubts that online loans have become a phenomenon that is revolutionizing the sector of personal financing. However, what was not known too well was the type of client that makes it possible. And that is precisely the objective of the Interactive Study on Online Microcredits in Spain, carried out by Count Fosco. It is based on the requests received through our website. The data provided by this study sheds light on this and draw the standard profile of a microcredit applicant. 

As shown by the data, broken down in a clear manner in the following infographic, the prototype of the applicant for the quick credits is that of a middle-aged person (39 years old on average), resident in Madrid (46% of the applicants), mostly from masculine gender (63% of clients are men) and single (35% have this marital status), although a large part of users do not provide data regarding this last variable. With regard to the conditions of the mini – credit requested on our website, statistics show that users look for amounts and terms that allow them to return the loan with security and confidence. Therefore, the average amount requested is not excessively high (€ 319, compared to the € 750 limit set by our platform) and the chosen term tries to be as wide as possible (25 days, close to the 30 days established by our portal as limit). 

However, these are just some of the striking data that our Interactive Study on Online Microcredits in Spain shows. Take a look at our infographic to know other values ​​related to the purchasing power of the applicants, their personal and work situation or their place of origin, either within the country or outside it. 

conclusion

 

conclusion

Beyond showing us the standard profile of the users of our portal, the Interactive Study on Online Microcredit in Spain helps to break down certain myths in relation to online loans. For example, the idea that this type of financing is just an emergency and desperation resource. This is shown by the data relating to the employment status of applicants: the vast majority (61%) have an indefinite job in which they have been working for 3 years, with a very comfortable average salary (€ 1,838) and which also does not they have an excessively high level of monthly expenses (€ 391). Also striking is the proportion of people who apply for a microcredit probably as a professional investment, because 10% of applicants are self-employed. 
In any case, other data in this report do reaffirm a great certainty: online loans represent a second funding opportunity for many people, since 39% of respondents admit having a negative credit history (53% do not give any response to the respect, while 8% acknowledge that their credit history is immaculate). 

Another conclusion drawn from the study is the foreseeable good health of the sector for the future, as can be seen from the fact that a good part of the users are young (27% are between 18 and 30 years old, which is the second range of older age). In addition, many of them have not yet become independent of their parents (22% of the total still lives in their parents’ house). The access facilities to these credits in 24 hours and the moderate amounts of money they can enjoy have made this sector of society use personal financing as a viable economic solution, probably at a younger age than their parents had. at the time of requesting your first credit.

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