Payday loan online - what is worth knowing
Borrowing money in various non-bank entities is becoming more and more popular. There are many companies of this type on the Internet and new payday loans
are constantly appearing, so customers can choose a loan that is fully tailored to their needs, both in terms of the repayment date and the amount. The most popular services offered by non-bank companies include the so-called payday loans,
term non-bank loans
, where it is enough to present an ID card. This name comes from the very short repayment period - the loan is taken "for a while". Repayment often takes place within days or weeks. As a rule, the maximum repayment period is 1-3 months. Non
-bank companies offering Guaranteed Payday Loans
online are subject to slightly different legal provisions than traditional banks. To protect the interests of customers of these companies, a new so-called The anti-usury act
, which entered into force in March 2016, specifies, among other things, the maximum cost of the loan, including the amount of non-interest costs, which were previously determined by virtually any method. Thanks to this, the client is much better protected in legal terms. Details can be found in the Journal of Laws
Non-bank loans are financed from the own funds of non-bank companies, which is why, on the one hand, they are easily available online, on the other hand, you have to take into account that their costs are higher than bank loans. The popularity of online
can be explained by the convenience of receiving it right away
all formalities can be done online without leaving home. However, such convenience and high availability of a quick loan as proof may carry the risk of falling into the credit loop, i.e. problems related to subsequent loans taken without repayment of the previous one.
Rankings - how to find the best payday loans
Quick loans are offered by many non-banking companies. Currently, there are several dozen leading lenders on the market, and from time to time new ones appear, preparing an attractive offer for new customers without paying for a loan. Therefore, finding the best offer
for yourself is not an easy task. The tedious browsing of the websites of each non-banking company separately can take up to a whole day. That is why it is worth checking the special ranking of
online payday loans that can be found on our website - this type of statements show the potentially best
offers. The ranking of payday loans online
allows you to compare the parameters of various offers in one place, which makes it much easier to choose the best option for yourself. The overview shows the most important information. The ranking highlights the name of the loan company, the availability of payday loans at the weekend
, what amount can be received and what is the repayment time. Most companies also set a minimum and maximum age for the client. The upper age limit is determined primarily when payday loans
are offered in installments
. The youngest customers will receive payday loans from 18 years
- they must have an ID card. Each company raises this limit individually.
There is a link to the lender's website next to the list. When the customer decides to take advantage of a specific offer, all he needs to do is click the "take a loan"
button and he will be able to complete an application for a payday loan online on the lender's website. Before that, however, it is worth getting acquainted with a detailed description of how a given company grants loans and its proposed method of verifying customer data.
Payday loans without BIK - for those in debt
Fast non-bank loans are often chosen by people who already have loans. For people in debt,
this is often the only way to borrow money. An example of such a payday loan can be a Smart loan
. However, it should be remembered that with a very large debt or constant problems with repayment of liabilities, also a non-bank company may refuse to grant a loan.
Not everyone gives payday loans without BIK
. Lenders that allow you to incur a financial obligation without checking the debtors' registers can be found online by browsing the list of companies without BIK verification
. When deciding on such a solution, you must remember that the loan company has the right to check the data of a potential client at any time in other debtors' databases, such as: BIG, ERIF
. It should also be borne
in mind that due to the lack of restrictions related to the entry in such a register, the interest rate on payday
loans is much higher than in a traditional bank, where restrictive verification of the
customer's credit history
is required, which often ends with a refusal to grant a loan at the bank .
When choosing online loans, you do not have to be afraid that the data verification will take a long time. The entire process takes place over the Internet, which significantly reduces the time needed to check the information provided by the client. Most often, the entire process of granting payday loans via the Internet, including the verification of the data of the person submitting the application, does not take more than several minutes.
Payday loans for free - promotions for new customers
What is the best loan online
? During the search, it is worth getting interested in payday loans for free
. This option is possible if you are a new customer of the company. Lenders' promotions for new clients
are intended to attract the attention of people interested in quick loans. The promotion is based on the fact that a customer who has not yet used the services of the selected company can do it the first time on preferential terms, for zero
zlotys. In the case of the first payday loan online, the lender allows the customer to take it out at no additional cost - with zero interest and zero administrative or preparation fees. In other cases, preferential conditions for new customers mean, for example, zero interest and maximum low preparation costs (no more than a dozen or so zlotys). In such a situation, it may turn out that a non-bank loan is a cheaper solution than a loan taken from a bank.
It is worth emphasizing that only new customers have this option. Therefore, many people, when there is a need to take a short-term loan, direct their steps to new companies, i.e. places where they will be able to take advantage of the loan for free
. However, this is not always a prudent act. Sometimes it is worth checking whether the company that has already taken payday loans does not provide an attractive loyalty program for its regular customers.