Small amount loans in Colombia

Information about small loans and microloans in Colombia. Options for borrowing small amounts between $100,000 and $1,000,000 COP.

Overview of Small Loans

Small amount loans typically range from $100,000 to $1,000,000 pesos and are designed for minor expenses or emergencies. They're often easier to qualify for than larger loans.

Typical characteristics

• Amounts: $100,000 - $1,000,000 COP
• Terms: 7 days to 3 months
• Quick approval process
• Minimal documentation requirements
• Higher interest rates

Best for

Small loans work well for:

• Emergency expenses
• Building first credit history
• Quick cash needs
• Testing a lender before larger loans

Important considerations

• Calculate true cost including all fees
• Ensure repayment capacity
• Read complete terms
• Verify lender legitimacy