Bank loans, payday loans via the Internet, overdraft limit – borrowing money has never been so easy. However, the large selection of financial products and easy access mean that we do not always know which solution is best for us.
The credit products market is very developed and highly competitive with us. Lenders are outdoing each other in ideas that are supposed to make the customer choose their offer. In what situations is it worth choosing a loan company, and when is it better to direct your steps to the bank?
Online loan step by step
For many people, online loans are the best solution in the event of unexpected financial difficulties. We will receive a momentary payment without leaving home. All you need to do is fill out the online application, for which you will need:
- personal ID data,
- email address
- mobile number
- bank account number.
To take a loan over the internet, we must go to the selected lender’s website and use the calculator placed there. On the latter, we mark the amount of interest and the repayment date that interests us, and then fill out the registration form.
The next step is to make a verification transfer, by which we confirm your data. All that’s left now is to wait for a response from the loan company. M inimum formalities and fast decision Lending make chwilówki an attractive alternative to traditional bank loans.
Flexible assessment of the creditworthiness of people who take payday loans
Every lender wants to be sure they will get their money back. To this end, it examines the customer’s creditworthiness.
Creditworthiness is – simply put – an assessment of our payment options. By analyzing this parameter, the bank or lending company verifies that we will be able to pay the contracted liability on time.
Many people interested in the offer of entities from the non-banking sector are surprised when they do not receive a loan online due to lack or insufficient creditworthiness. It is worth knowing that, contrary to appearances, loan companies, like banks, are verifying our ability to pay. The difference concerns the criteria taken into account by the financing entity.
Banks first verify what information about the applicant is in the Credit Information Bureau (BIK) and whether he has any arrears. Loan companies do not always cooperate with BIK, but usually check whether the client’s name appears in the debtors register (BIG).
A negative entry in the BIG-in does not necessarily mean automatic rejection of chwilówka are present. Some lenders will offer a lower amount of loan in these situations.
Each lender applies its own credit assessment criteria. For the customer, this is good information. Why? Even if a company does not receive money, you can turn to another, which favorably consider his request.
First payday for 0 PLN
D armow a first payday and this is certainly one of those loan company proposals that we will not find in the bank. Lenders from the non-banking sector have more freedom in determining the cost of commitments, which is why they sometimes completely give up interest and non-interest charges.
Payday loans for PLN 0 are usually intended for new customers. At the same time, it is a good way to convince people who have not used online loans before that they can quickly finance their current needs. However, it is worth being aware that the loan will be free only if we pay it back within the time limit specified in the contract.