What should we know when reaching for an internet loan, how to choose the right company and what conditions we should follow – about this in today’s article on the BankerFour blog. Futher reading at http://sensant.com/payday-loans-online-direct-lenders-guaranteed-loans-for-bad-credit-fill-in-our-form-in-2-minutes/
Today’s article will be a combination of a guide and an overview of companies that give loans completely via the Internet. The internet loan is practically for everyone, provided that we are over 18 years of age and have an ID card. When using a loan via the Internet, however, you need to know what offers companies should use and what conditions should be followed.
Although internet loans have been available for over a dozen years, they really gained the most popularity with the appearance of popular payday loans on the market. Companies such as Via SMS, SMS Kredyt or SMS365 lending their sms time, going online a few years ago, started a real boom on online loans. Since their appearance, almost every month there has been a new loan offer or online payday offer. Today, we have so many companies that it would be difficult to count them all.
Step1: Internet loan: terms, paperwork and documents
The formalities associated with obtaining an internet loan are much simpler than in the bank. Most loan companies that provide online loans do not look so deeply into the customer’s data. The basis for obtaining the loan is an ID card and 18 years of age. Some of the companies, however, have slightly more stringent requirements and the age limit set slightly higher than 20, 21 or even 23 years. However, if you have just turned 18, you will certainly be interested in the article in which we have included 10 companies that have been providing loans for 18 years.
What will you need to obtain a loan outside your ID card? It will be necessary to have a personal account in a bank, preferably one to which we have access completely via the Internet. For more information on this subject I have published in my article Personal account needed to get a loan or a refund, to which I refer people who do not have an online bank account yet. One more thing you need to get an online loan will be a mobile phone. It is needed for additional telephone verification, under which the loan company confirms the data that we have previously introduced as part of the loan application.
Income statements – most loan companies, especially for small amounts, do not require sending additional documents confirming income. Such, however, may be needed if we apply for a larger loan (e.g. over PLN 3,000). However, if you are worried that you will have to bother to deal with such a document in the place of your work, I will immediately tell you that the loan companies will be completely satisfied with the bank statement itself. And you can download such a document without any major problems, provided you have the previously mentioned personal account with access via the Internet.
Step2: The process of obtaining an online loan
It starts, of course, with the choice of the appropriate loan company, depending on the amount of loan we need and with what repayment period. Here you can use our list of companies in which there is an Internet loan in which we presented 20 selected and most importantly proven loan companies. Once we submit an internet application for an online loan, the second next step will be to verify your bank account. Depending on the company from the offer we have used, it can be done in two different ways. The first traditional is sending a small verification fee in the amount of 1 groszy or 1 zloty from your bank account. The second method which is recently practiced by a larger number of companies is the possibility of obtaining a loan without transferring the verification fee. In the case of this second method, the traditional transfer is replaced by account verification through a special application, which may vary depending on the service company we have used.
Step3: Time to wait for an internet loan
As we have emphasized many times, the time of waiting for a loan may vary. On my own example, I can say that it usually closes within a range of several minutes to several hours from the time of applying for a loan. Only in a few cases, it happens that this process takes a bit longer, usually when applying for a larger loan amount. It is worth mentioning here the list of companies in which we will get a quick loan via the Internet, which we have posted in our blog not so long ago.
Step 4: The most important rules for safe lending
At this point, it is worth remembering first of all about the fulfillment of the terms of the loan agreement that we have concluded. And in particular about one of its most important points, namely repayment. This is by far the most important point that we should follow. Only timely repayment in advance, we will ensure that we will not incur any unpaid additional fees. Loan companies use different types of contractual penalties for non-repayment of the loan, so it’s worth having that in mind when reaching for it. It is also worth checking the loan costs before we apply for the loan, which we intend to reach for. These days it is much easier because each self-respecting loan company puts a special tool with which we can calculate the exact cost of the loan.