Increasingly, Poles go to private companies granting short-term loans. Opinions about these companies are quite critical. However, this criticism mainly comes from people who have never used the assistance of a private offering lender the so-called.
Online Payday loan. Does such a short-term loan have to be expensive? Well, no, you can often get it cheaper than in the bank, and even for free.
Virtually all of us once had the opportunity to use any loan
You can borrow money from family, friends and also in the bank. Recently, it is very easy to get a loan from private companies, which are growing in our country. Competition among them is constantly growing, so they outdo each other in their offers. Some of these companies will grant us loans cheaper than in a bank – for USD 0.
Several companies providing short-term loans in Poland are able to lend us money completely free. The promotion applies to the first loan taken out by the customer in this company. So far, such promotions have been offered by such brands as E-Money and Via SMS. There are more and more similar institutions, so we can expect more such promotions in the near future.
Free short-term loan? So what should the lender earn? The loan company will only benefit if the customer is unable to repay the loan on time (i.e. within the set 30 days) and will extend the deadline – of course for a fee.
The promotion also aims to give the opportunity to check the operating principles and speed of service for new customers – so that they can return again for another loan if needed.
Short-term loans are granted for a period of 1 to 30 days
With the possibility of extension. Given the actual interest rate per year, it may seem unusually high. However, in this case, we borrow money for a short repayment period (reaching about the first month), and not for the whole year.
Considering the time, and therefore the speed of payment, the payday loans are unmatched. When applying for a loan via the internet, the money will be transferred to our bank account even in a few minutes.
Payday loans are usually given remotely, i.e. via the Internet or telephone – without leaving home. The customer confirms personal data by transferring a penny from his bank account to the lender’s account. The loan agreement is delivered by post or e-mail to the address indicated by the borrower.