Payday loans for free – what are they about?
Free payday loans are an offer addressed primarily to people who have never used quick loans before. It is granted by a non-bank company or other financial institution and, like a regular payday loan, it is distinguished by a short loan period and low loan value. See ringtonesdownload.net for a summary
Against the background of an ordinary mini loan, payday loans for free stand out due to the lack of interest and interest. In short, this means that the borrower gives back exactly as much as he borrowed and does not incur any additional costs.
Payday loans for free are most often granted to new customers who have never used payday loans offers at a given parabank. The first loan usually cannot exceed USD 3,000 and should be repaid after 30 days.
Payday loans for free – how to get?
A free payday loan will be granted to anyone who meets the following conditions:
- Is a new client of the parabank where he applies for a loan.
- He is 18 years old and is a Polish citizen.
Some financial institutions may require a higher minimum age.
- Has a bank account.
- He receives regular monthly income (the form of employment does not matter, it can also be a pension).
- Has an email address.
- Has a mobile number.
- It boasts a positive credit history in BIK. This condition does not have to be met, however, if we use the offer of free payday pay without BIK.
Free payday loans are most often granted electronically. This means that you will not need any paper documents to submit a payday application, and all you will need is your ID card and internet connection.
The submission of the application is very intuitive. In the first step you have to decide which offer you want to use. Before making a decision, it’s worth checking the payday rankings and comparing all available offers to see if there are any new free payday loans on the market.
It may also happen that the parabank, which you did not consider, will offer a larger loan amount for a longer loan period than the one you have chosen.
The next step is to complete the loan application. It will be available on the lender’s website, usually under the “Take a loan” button or similar.
You will be asked to provide data such as: name, PESEL number, ID card number, place of residence and check-in, as well as your phone number and e-mail address. In the next stage you will have to indicate what your source of income is – employment contract, mandate contract, business activity, retirement, disability etc.
After accepting the application, the lender will process your data and check your credit history at the Credit Information Bureau. If everything is OK, you’ll receive an SMS or a positive decision the same day and the funds will be on your account.
Free instant cash – verification transfer
After completing the loan application you will have to make a verification transfer for the amount given by the lender (usually not more than USD 1.00 ). The transfer must be made from the invoice provided in the application or via SMS verification.
Free payday loans without BIK
Some parabanks, to encourage future customers even more, have introduced payday loans without BIK into their offer. In practice, this means that your data will not be verified at the Credit Information Bureau, and you – even if you have a negative credit history – will receive a loan.
Deciding on payday loans without BIK, however, be careful – it often involves additional costs, because the lender must somehow protect against any problems with debt repayment.
These types of loans are usually decided by people who have problems with paying off their current debts and are certain that they will not receive a loan from a bank or other financial institution. Some institutions offer not only free payday loans without BIK, but also without KRD (checking in the National Debt Register) and other certificates.
Free payday loans – is it worth it?
Penniless payday loans are a good option for people who need a small amount of money quickly and know that they will be able to pay it back in a short amount of time. Usually, the payday loan is taken for a month or three months, which means that after that time you will have to pay back the entire debt, so it is very important that you think several times before taking out the loan whether you will be able to pay it off in full in such a short time.
Free payday loans allow for some comfort, which other quick loans do not give – you give back as much as you borrowed and you do not have to worry about additional costs. Such convenience also goes hand in hand with a minimum of formalities, because the whole process of applying for a loan takes a few moments, and you do not have to worry about procedures.