Take out a payday loan

The deposit is the universal guarantee of payment. Whether it is for a consumer credit claim or for rent, it allows the creditor to have recourse to a reliable means of obtaining the settlement of unpaid sums. However, is this deposit mandatory in order to take out a payday loan?

The surety as part of a payday loan

The surety as part of a personal loan

In the context of a payday loan, a surety is a natural person who undertakes to reimburse the amounts due to the lending organization in the event of a default by the borrower. There are two types of surety: simple surety and joint surety. In the case of a simple surety, the creditor only calls on the surety if he has not managed to get paid by the credit holder after having recourse to the latter’s recovery. The joint surety, for its part, is requested from the first unpaid amount of the borrower without the bank has sought to recover this amount from the principal debtor.

The deposit: a condition for obtaining a payday loan?

The deposit: a condition for obtaining a personal loan?

The deposit is not mandatory when you take out a payday loan. Indeed, the bank gives you the possibility either to subscribe to borrower insurance or to find a person to act as surety. Indeed, as a payday loan is not conditioned by the purchase of a particular asset, as is the case for restricted credits, the banks, therefore, wish to ensure the repayment of the loan by requiring this guarantee.

The interest in finding a deposit is indeed financial. Indeed, this will save the cost of personal credit insurance which generally amounts to between 0.3 and 0.5% of the loan amount. Add to that the fees and interest, and the choice will be made quickly! If you still cannot find a surety, borrower insurance will prevail.

Being a surety as part of a payday loan

Being a surety as part of a personal loan

If you have been asked to be a surety for a payday loan, know that you must meet certain conditions to see the file of the future borrower accepted. You must have a fixed professional situation and have a debt ratio which allows you to assume a potential additional claim. You must also be present when signing the loan contract and you will receive a copy.

Quick payday loan – is payday loan payable in 15 minutes?

Payday loans are short-term loans of small amounts granted by non-bank institutions. There is a common belief that it is easy to obtain them, and advertising slogans convince that money can be on your account in 15 minutes. Will you receive every payday loan in such a short time? Learn more about this topic!

Fast payday loan is a solution for people who need an injection of cash in a short time. Find out how to get payday loans for now.

Quick payday loan – minimum formalities?

Quick payday loan - minimum formalities?

Payday loan for good consolidated their position on the market of products offered by non-bank financial institutions. It happened for a reason. What mainly encourages consumers to take advantage of this type of loans is very simplified, compared to bank loans, procedures for obtaining them and a short waiting time for receiving money.

It can be safely stated that the express payday loans supplement the banks’ offer and allow virtually everyone to access loan products.

The latest research shows that the profile of people most often using quick payday loans on account is gradually changing. A growing group are young people who often do not yet meet the requirements imposed by banks (eg employment contract, regular account receipts).

The young generation of customers brought up in the age of the Internet is accustomed to the fact that everything can be done quickly and at a distance, without leaving home. This attitude of consumers generates the need for lenders to look for new solutions, thanks to which the payday loan in 15 minutes becomes real.

However, in order for the money to be credited to your bank account instantly, several conditions must be met.

Instant delivery in 15 minutes – can you? You can, but under certain conditions

Instant delivery in 15 minutes - can you? You can, but under certain conditions

You can conclude a quick payday contract by going to the loan company’s customer service point or online. In both cases, 15 minutes is counted from the time you apply for a loan.

If you want to receive a transfer in the shortest possible time, before submitting the loan application, make sure that you and the loan company have bank accounts in the same banks (the loan transfer will then be an internal transfer within the same bank).

Parabanks usually open bank accounts in many banks to maximally adapt to their customers and be able to make transfers as soon as possible. Remember, however, that banks do not provide their services around the clock and do not work on weekends.

If you and the lender have accounts in other banks and conclude a contract when they are not working, you will have to wait for the transfer until the next interbank transfer session.

What does the loan company check when you apply for a quick payday loan?

What does the loan company check when you apply for a quick payday loan?

What happens between you submitting your application and obtaining a positive or negative loan decision? Your identity must always be verified without exception. A convenient way of checking it at a distance is by you to make a symbolic transfer from your personal account (eg for a penny or USD 1) to the indicated loan company account.

And as mentioned above, if both parties to the loan agreement have accounts in the same bank, the verification transfer will be an internal transfer, so it should be posted very quickly. As a result, if the decision to grant the loan is positive, you can receive payday loans in 5 minutes.

In a situation where you and the company lending you money have bills in different banks, the whole procedure of granting payday loans can quickly take longer.

Payday Loans for furnishing: requirements, obtainable capital, costs, guarantees.

How many times we look inside our domestic walls and we would like to change the kitchen, the living room, the bedrooms, renovating, changing the sofas and all the accessories and furnishings of our home because they are more and more eager to be fashionable and to embellish your own “home nest”? It is the order of the day but the problem is to sustain an expense that for many can be burdensome and not indifferent to one’s own pockets, for this the best solution is to run at a credit institute or a finance company for obtain a financing estimate aimed at acquiring objects of furniture, to increase the comfort of the dwelling.

Ideal solution and important suggestion is to search online the various sites that allow you to make comparisons between the best financing solutions suited to our financial needs.

Purpose of the payday loan and obtainable capital to furnish your home

Purpose of the payday loan and obtainable capital to furnish your home 

In commercial practice, various financing proposals can be found that allow us to obtain a total amount of the expenditure ceiling with disbursement of capital even without having the availability of a liquid sum to partially cover the amount necessary to acquire the furniture; this type of payday loan, which allows us to finance 100% of the necessary amount of money, allows everyone to access it except, of course, the verification of creditworthiness and the appropriate guarantees that banks or financial institutions reserve the right to ask the underwriter of the contract of financing .

The advantage for applicants of the financial payday loan aimed at changing the style and furnishing of their own dwelling is that of being able to obtain a capital that varies according to the different personal needs and their own financing needs up to a maximum of 60,000 euros in a period of time that varies from 24 hours to 4 days from the time of the request itself depending on the financing company and grantor of the payday loan.

With the payday loan request for your home you can get a ceiling that allows you to finance the renovation of the house, small ordinary and extraordinary maintenance work, install heating systems, buy furniture and various furnishings for the various domestic environments, install photovoltaic panels , security systems, home automation, alarm systems, awnings, fixtures and anything else needed to renovate and make improvements to the home.

Among the various financing proposals for those who need an important sum (maximum 60,000 euros) to cover the expense, you can consult one of the comparator sites where you can find financial partners with the credit broker that allow you to cover 100% of new furniture expenses , used furniture, furniture to furnish the first home, to acquire furnishing accessories and for the garden.

Requirements, costs and guarantees necessary to obtain the furniture payday loan: a practical example

Requirements, costs and guarantees necessary to obtain the furniture payday loan: a practical example

As suggested several times, wholesalers who have special agreements with numerous financial companies and credit institutions , the best ones on the market of credit players offers the financial product with the features and the complete card for transparency and consumer protection needs.

On the other hand, faced with this need for customization of payday loan financing, credit brokers allow to enter a series of information not only of a personal data but also of an economic nature linked to the type of profession, contract of employment, start time of the employment relationship and the domicile of residence to assess the outstanding credit and the ability of the subscriber and contracting party of the payday loan to produce demonstrable income and to possess all the guarantees to honor the obligation assumed.

The form is required to indicate the option to contract the insurance coverage that covers the risk of insolvency of the contractor in conjunction with the financial product; although insurance is a real source of business for the insurance companies, it is a guarantee for the coverage of the risk of not seeing the contracted and also the consumer’s debt honored which, despite the right to subscribe to it, is a form of hedging of the risk and protection of his family and children, especially for those single-income families who would see the sacrifice of honoring their debt put at risk by putting their savings and economic stability at risk.

For this reason it is advisable for contractors to take out the insurance policy to cover the payday loan contract although it is optional and to properly evaluate the costs and the risk that they want to cover (death, permanent or temporary disability, accident, illness, medical expenses reimbursement). ); therefore, in your compilation form, exercise the option of wanting to take out insurance.

The amount that can be financed is 60,000 euros with a monthly installment of 923.81 euros, Taeg at 8.95%, Tan fixed at 8.60%, amount to be reimbursed 88,685.96 euros including insurance policy costs of 5,491.20 euros which are considered for 6.50% of the monthly installment for durations of more than 60 months, no preliminary investigation fees, no monthly or annual expenses are foreseen , the payday loan can be secured by guarantees, in the event of early repayment the client is required to pay the amount repaid in advance an indemnity of 1% if the residual life of the contract is more than 1 year.

The required documents and the payday loan disbursement and repayment methods

The required documents and the payday loan disbursement and repayment methods

With regard to the required documents necessary for the evaluation of the payday loan granting procedure, the following must be presented: valid identity document, tax code, a bill for registered users, last single model for the self-employed, last 2 pay slips for employees, pension pays for pensioners.