Cashper Spain

Summary: Cashper.es is a Spain‑market direct micro‑loan lender (brand of Novum Bank) that offers short‑term mini‑loans fully online. Typical amounts range from €50 to €600, with 15‑ or 30‑day maturities and a flat management fee instead of a nominal interest rate—producing a very high APR/TAE in representative examples. Extensions are available for an extra fee; late payments trigger fixed surcharges and may lead to ASNEF reporting. Below you’ll find a field‑tested, practical guide: how it works, eligibility, costs, repayment, late/extension rules, privacy, pros/cons, and usage tips, followed by a Spanish duplicate.

What Cashper is (and isn’t)

• Direct lender: You borrow from Cashper, not via a third‑party marketplace. Contracting, disbursement, and collection are handled by Cashper (Novum Bank’s brand) through its website and customer area.
• Short‑term micro‑credit: The product is designed for small, urgent needs rather than long‑term financing. You select an amount and a due date 15 or 30 days ahead; first‑time limits can be lower, and repeat customers may access the maximum allowed band.
• Flat fee pricing: Instead of a nominal interest rate, Cashper uses management/processing fees that scale with amount and term. Because the term is short, the APR/TAE looks very high even when the euro cost is a flat fee.
• Sister brand: If you need longer repayment horizons (2–12 months) and larger amounts, Cashper’s group offers a separate installment product under CashperPlus (also online, with its own conditions).

Bottom line: Treat Cashper as a bridge‑loan for one‑off gaps, not a revolving solution. Always plan to clear the debt on the first due date.

How the process works (end‑to‑end)

A. Choose amount and term
On the homepage calculator, pick your amount (commonly €50–€600) and term (15 or 30 days). The calculator shows a total to repay that includes the management fee—this is the figure that matters.

B. Create your account and submit the form
Provide basic identity, contact, and banking details. You’ll confirm your email/phone and upload documents if requested (DNI/NIE, bank statement screenshots, etc.). Cashper may perform open‑banking checks and consult external databases to assess risk and prevent fraud.

C. Decision & SECCI
If approved, Cashper presents the standard European pre‑contract (SECCI) and the final total to repay on the selected due date. Read this carefully; capture a PDF or screenshot for your records.

D. Funding
Funds are sent by bank transfer. Same‑bank transfers may post faster; otherwise plan for 24–48 business hours for availability.

E. Repayment
Repay by bank transfer/cash deposit into Cashper’s accounts or by debit‑card payment via the customer area or phone payments. Partial early payments are allowed before due date.

F. If you need more time
You can request an extension (refinancing) prior to—or shortly after—the due date. This comes with an extra fee and pushes your due date outward. It’s a safety valve, not a strategy: avoid cascading roll‑overs.

Eligibility & what you need

Core requirements (typical):

• Adult resident in Spain with DNI/NIE (or accepted alternatives)
• Bank account in your name
• Mobile & email
• Demonstrable income capacity (employment, pension, unemployment benefit, self‑employed income, etc.)
• Clean to moderate credit standing (applications from those listed in ASNEF can be considered, but approval is not guaranteed)

Data points commonly requested:

• Identity + contact: full name, DOB, DNI/NIE, address, email, phone
• Household & employment snapshot
• IBAN (and sometimes read‑only bank connection or bank evidence)
• Income and expense overview
• Consent to consult public or private databases relevant to credit risk

Quick prep checklist:
Have your IBAN, ID, and phone nearby; ensure you can receive OTP codes and have statements or online banking ready if requested.

Amounts, terms, costs – making sense of the numbers

• Amounts: commonly €50–€600 on Cashper’s site (some product pages still reference €50–€500; returning customers generally see higher caps).
• Terms: 15 or 30 days for the standard mini‑loan.
• Pricing model: No nominal interest rate; instead a flat management/processing fee based on amount and term.
• Representative example: €200 for 30 days → €65 fee; total repay €265; TAE ≈ 2,968.7% (high because the term is short).
• Early repayment: You may repay early (in part or in full). Generally there’s no early‑repayment penalty beyond paying the proportional fee per contract rules.
• Extensions/refinancing: available for an extra fee tied to your original amount (and chosen extra days).

How to read this: Micro‑loan APRs look astronomically high because the term is weeks, not years. Your cash fee (e.g., €65 on €200 for 30 days) is the real‑world cost; that said, repeated use or roll‑overs compound quickly. If you will need more than one month, consider installment credit (e.g., CashperPlus) rather than rolling extensions.

Late payment, collections, and credit files

• Fixed late surcharges: If you miss the due date, Cashper applies staged fixed surcharges on the original principal (e.g., €20 the day after due date; +€20 at 10 days; +€20 at 20 days).
• ASNEF & debt collection: After a period of sustained non‑payment (typically 90 days in current terms), Cashper may report the debt to the ASNEF register (with prior notice by SMS/letter/email). Cashper can pursue judicial collection if necessary.
• Additional costs: If the case moves to recovery, costs/fees of collection can be passed along where permitted.

Practical advice: Don’t wait. If you foresee difficulty, request the lowest‑cost extension before the due date and set calendar reminders. Partial payments can shrink the balance even before extensions are set up.

User experience (UX), speed, and support

• Application speed: The form is short; decisions are often quick—especially if you can pass any automated checks without friction.
• Funding speed: Plan for 24–48 business hours for transfers from Cashper to reach your bank (same‑bank transfers can be faster).
• Payment options: Bank transfer/cash deposit, and debit‑card payments through the online account or over the phone.
• Customer service: Support is available by phone and email; legal notices list a Madrid address for notifications and a customer email.
• Transparency: The calculator exposes total repay before you submit. Cashper’s legal pages (Terms, Privacy, Cookies, Summary Table) are accessible in the footer.

Reputation snapshot: External review sites and forums report mixed experiences: praise for speed and approvals, criticism of high fees and the impact of late surcharges. As always, your precise outcome depends on your contract details and repayment discipline.

Privacy, data handling, and your rights

• Who runs Cashper: The brand belongs to Novum Bank Limited (Malta); Cashper.es is its Spanish‑market micro‑loan site.
• Data protection: Cashper’s privacy policy sets out contact points (including a Data Protection Officer address) and explains the lawful bases for processing: pre‑contract/contract, legitimate interests (security, fraud prevention), and consent (marketing).
• Your rights: You can exercise access, rectification, erasure, portability, restriction, and objection; you can also contact Spain’s AEPD if needed.
• Cookies & analytics: Standard web analytics and tracking apply; you can manage preferences in the cookie banner.
• Open banking tools: The site references integrations (e.g., Tink) for instant verification in some journeys.

Tip: Keep copies of your application emails, SECCI, and any notices. If you withdraw consent for marketing, operational emails (e.g., payment reminders) will still arrive because they’re part of the service.

The related product: CashperPlus (installments)

If your need can’t be handled in 15–30 days, the sister brand CashperPlus offers 2–12 month installment loans, with monthly repayments and a different APR/TAE structure. Eligibility, pricing, and late‑fee mechanics are not the same as Cashper’s mini‑loan, so read those terms separately. For some profiles, a multi‑month plan can be cheaper overall than stacking short‑term extensions.

Who Cashper suits (and who should avoid it)

Great fit if you:

• Need a small, one‑time amount (€50–€600)
• Can repay within 15–30 days without cutting into essentials
• Want a fully online process with clear total to repay on screen

Look elsewhere if you:

• Need more time than a month (consider installment credit)
• Are juggling multiple debts or uncertain income (seek debt advice; avoid compounding fees)
• Want low APR; micro‑credit is inherently expensive if converted to annualized terms

Practical checklist (copy/paste)

1. Pick a realistic due date aligned with your next payday.
2. Screenshot the calculator’s total to repay and the SECCI.
3. Set reminders: 7 days and 2 days before due date.
4. Pre‑arrange funds (salary hit, incoming transfer, etc.).
5. If at risk of delay, request an extension before due date; pick the shortest extension that fixes the cash‑flow gap.
6. Avoid chains of back‑to‑back micro‑loans; consider CashperPlus or traditional personal loans if you need months, not weeks.
7. If in arrears, pay something and contact support—partial payments reduce the base that surcharges apply to.

Pros & cons

Pros

• Fast online application and decision
• Clear total repay on the calculator
• Early repayment possible; partial payments allowed
• Extensions available (safety valve)
• Can consider ASNEF applicants on a case‑by‑case basis

Cons

• Very high effective TAE/APR (typical of the category)
• Fixed late surcharges stack quickly (€20 + €20 + €20)
• Short maturities (15–30 days) can pressure cash‑flow
• Risk of debt snowball if you rely on extensions repeatedly

FAQ

Editorial verdict

Cashper delivers what it promises: small, short‑term cash quickly, with a clear total to repay and the option to extend if needed. Used once and repaid on time, it’s a pragmatic emergency tool. Used repeatedly, it’s expensive—by design. If there’s any chance you’ll need more than one month, steer toward installment products (including CashperPlus) or bank alternatives. Always set reminders, document everything, and contact support early if a payment wobbles.

Not financial advice. Borrow the minimum you need, plan repayment on day one, and avoid chains of micro‑loans.