Bank loan, personal account limit, cash support from your family or quick online loan - additional funds can be obtained in many different ways. In this article you will learn why in an emergency financial need the choice of a loan company may not be so much the last resort as the most advantageous solution. Here are the five biggest advantages of non-bank loans.
You can easily compare loan offers
There are several dozen different non-bank institutions on the market, offering fast loans via the Internet. Some of them give the possibility of borrowing only small amounts (not exceeding several thousand zlotys) for a short period (usually up to 30 or 60 days), but there are also companies where the maximum loan amount is several dozen thousand zlotys, and the repayment term - even several years. Moreover, the offers of different institutions vary considerably in terms of the interest rate of the loan and the type and amount of additional charges that the customer has to pay. Choosing the right product could therefore seem problematic, but in practice, thanks to the available internet comparison tools, finding an attractive, well-fitting loan is very easy and takes just a few minutes.
All formalities are handled by you via the Internet.
What is important, not only finding the best loan, but also the use of it does not require leaving home - everything can be arranged via the Internet. To take out a quick loan, simply visit the website of the non-banking institution, choose the amount and term of the loan, fill in a short online form and, finally, make a verification transfer to confirm the identity of the customer. On the same day, or sometimes after a dozen or so minutes, the lending company informs about its decision (by e-mail, of course) and transfers the funds to the borrower's account.
You can borrow even the smallest amounts
In the case of banking products, e.g. cash loans, the lowest amount that can be borrowed is usually 500 or 1000 PLN. This is not much, but there are situations in which literally several hundred or several dozen zlotys are missing to cover a given expense. In such a case, the first choice should be a quick internet loan, which will allow, without unnecessary formalities and procedures, to obtain even the smallest amount, in the order of 200 or 300 PLN.
A bad story doesn't rule out your chances of getting a quick loan.
Banks do not lend to customers who have a bad credit history, i.e. are in arrears and/or have negative records from their previous creditors. These credible and reputable non-bank institutions also check potential borrowers in the BIK database and in the registers of Economic Information Offices. The difference is that unlike banks, they treat poor credit history as only one of the factors that make up the final assessment of a customer's creditworthiness. Therefore, many people receive a non-bank loan despite negative entries in BIK or BIG.
You can use the fast loan as you would a credit limit.
A revolving credit (credit line) is not only a convenient but also a profitable financial instrument, as the holder pays interest only on the part of the limit used. It is worth knowing, however, that products with very similar functionality are also offered by some non-bank institutions. Just like a revolving credit, they offer favourable solutions not only for interest calculation, but also for the way of returning borrowed money - it is enough to repay the agreed minimum amounts on time. However, they have the advantage over such loans that they have all the advantages of fast loans mentioned above.