Smart Credito

Smart Credito: online microcredits in Spain

Smart Credito is an online lending platform operated by Arena Finance Spain S.L., a company with CIF B44851798 registered in the Commercial Registry of Málaga. Its activity focuses on granting microcredits over the internet, with applications available 24 hours a day and automatic resolution.

Products and conditions

The loan catalogue is structured according to the customer's history. For new applicants, the first loan can reach up to 500 euros, with a maximum repayment term of 15 days. In subsequent loans, the amount can reach up to 1,200 euros and the repayment term can be extended. The company states that the first credit for new customers can be from 0% interest, although the APR is subject to the applicant's assessment and the simulation does not constitute a binding offer.

According to the website information, no payslip or guarantor is required to take out the loan. Disbursement is made by standard bank transfer, which can take up to 24 business hours. The company also mentions the possibility of deferring the repayment date of a short-term loan.

Application process

The applicant completes an online form by selecting the amount and term, confirms their identity through a quick identification method and receives an automatic decision. Once the contract is signed, the amount is transferred to the indicated bank account. The company offers professional online support and clear contracting conditions.

Legal information and costs

The activity is not subject to the regulation and supervision of the Bank of Spain, as indicated in the European standardised information on consumer credit. The contract is governed by Spanish law and the competent court is that of the borrower's domicile. The borrower has 14 calendar days to withdraw from the contract at no additional cost, and may repay the capital in whole or in part early at any time, with a maximum compensation of 0.5% of the outstanding principal in the event of full early repayment.

In the event of non-payment, a default interest of 1.5% per day is applied to the unpaid principal, with a maximum limit of 200% of the principal, and a non-payment fee of 20 euros. The borrower's data may be included in solvency and credit files such as Asnef-Equifax and Badexcug.

Customer service

The company has a Customer Service department to handle complaints or claims. Telephone service hours are Monday to Friday from 08:00 to 21:00, Saturdays from 08:00 to 15:00 and Sundays from 10:00 to 17:00.

Location and contact

Calle Eslava 14, planta 1 puerta 6, CP 29002 Málaga · Phone: 919 467 100 · Email: info@smartcredito.es