Movistar Money additional information
Telefónica Consumer Finance, created more than 3 years ago as the result of a collaboration agreement with CaixaBank Consumer Finance, is the entity that is behind this product and which guarantees excellence in the provision of this new service by the leading company of telecommunications in our country. Movistar Money is an exclusive loan service for Movistar customers in which consumer loans can be requested at an attractive interest rate. The amount of money that can be requested is between € 600 and € 3,000 to be returned in monthly installments of 12, 24 or 36 months .
The loan, like those offered by other financial companies, is conveniently contracted through the Internet. To apply simply enter the web to identify with our ID and mobile number.
Movistar, through its financing dedicated to financing mobile phones, extends its services by lending money to its customers. The interest rate and terms are much more attractive than those offered by fast online loan companies , although only customers who have financed a Movistar terminal can benefit.
The interest rate for Movistar Money loans is 15.35% per annum , well below the average offered by the competition and also lower than that offered by credit cards.
How to apply for a loan in Movistar Money
Being an exclusive loan for clients is very simple because Movistar already has the data and therefore it is not necessary to provide new documentation. The money is achieved in three simple steps:
1.- Access the Movistar Money website and you will see a bar where you must choose the amount you want to request with a minimum of € 600 and a maximum of € 3,000 . After marking the amount, choose the term between 12, 24 or 36 months . On the screen you will see the monthly fee resulting from the 3 possibilities so that you can choose the one that best suits your needs.
2.- The second step is to identify yourself, for which you must enter your DNI or NIE number and the mobile phone number that you provided in Movistar when financing a terminal.
3.- Third, validate your personal data and bank account number in which to receive the money and in which the monthly installments will be charged. As simple as that, in 48 hours maximum you will have the money at your disposal.
It’s that simple, without questions, without papers and without making any kind of additional procedure . All the procedures were previously done by Movistar Consumer Finance before financing the phone. So Movistar clients can obtain financing quickly and without papers.
Also, if one day you decide to change your company nothing happens, Telefonica Consumer Finance (remember that it is the company that manages the credit) will continue issuing your receipt and it will continue to be charged to your account with total normality without you having to notify anyone. It is also important to add that for the case of a total or partial amortization of the loan, the commission is the same: 1% of the remaining amount if the term to complete the payment of the loan is greater than 12 months, or 0.5 % if it is less than 12 months. Finally add that two deferments can be made during the life of the debt, maximum 2 for every 12 months.