Even despite careful monitoring of our finances and planning most expenses in advance, sometimes there are situations in life when you need to take advantage of the cash injection proposal – most conveniently simply loans. Filing an application for a cash loan in a bank is not always a good solution, especially if we care about time, we want to limit formalities as much as possible, and in addition we plan to make a small commitment.
In such cases, a non-bank loan may be more beneficial. Currently, most companies involved in their provision offer the opportunity to submit an application online. In this way, even if we work late or live far from the branch of such a company, we can receive money to your account within a few minutes. Who will benefit from such an offer and how much money will we borrow in this way?
Where’s the cheapest?
Companies offering online loans usually place special calculators or other installment simulators on their websites that allow you to easily calculate the cost of any loan. All you need to do is mark how much money you need and how much time you want to pay the debt. Thanks to this simple tool it will be easy to know which company has the most favorable offer for us. These types of institutions usually grant loans amounting to several thousand dollars and for a relatively short time.
How do I apply for a loan?
To apply, you must register on the lender’s website. Earlier, however, it is worth checking whether we meet the conditions of the company selected by us. This can be, for example, a certain age, or the sources of income acceptable to her, which we provide when submitting the application (employment contract, retirement, disability, etc.). In addition, you must provide personal data, the number of an individual personal account (it cannot be registered for two people, eg spouses) or email address.
The next step is user verification. To do this, provide your ID card series and number, and PESEL (Personal Identification Number). We should also remember that the bank account indicated in the application must be registered on the same data that appears on the ID card. In addition, you must make a verification transfer by following the instructions given by the loan company. This amount is symbolic and usually amounts to USD 1. The lender can also check his clients in the database of debtors.
How long does it take to get a loan decision?
The waiting time is usually very short and usually amounts to several minutes – the lender then examines the application and calculates our creditworthiness. If the decision to grant the loan is positive, the money should appear on our account very quickly, however, it depends a lot on which bank we have the personal account given in the application.
What does the loan repayment look like?
Repayment of the loan, as well as submitting an application for it, should not be too difficult. Usually, all you have to do is log in to your account and then click on the appropriate banner to get the details containing the bank account number and the title of the transfer to settle the liability. A panel with icons of different banks may also appear, and then you only need to select the institution where we have a personal account to make the transfer. If for some reason we cannot make a payment on time, you must inform the lender in advance – otherwise you will be charged interest.
What do you need to remember?
When deciding on a non-bank loan, it is worth checking whether the company offering it is credible and conducts its business legally. This type of information can be found, among others on the website of the Financial Supervision Authority. We should also remember that each commitment will have to be repaid, which is why we should realistically assess our options and apply for a loan only in the amount that we can regulate without overburdening the household budget.