Online cash loan
Due to the rapid development of the Internet and universal access to it, we are making more and more purchases online. We also deal with more and more everyday matters using a computer connected to the network. Banking has also almost entirely moved to the digital world. Today, no one is surprised by having an online bank account. Other financial products are now also available online. Cash loan over the internet is an extremely popular product today, and its popularity is due, among others, to the simplicity of obtaining it.
Conditions for obtaining a cash loan
To get a cash loan from one of the Polish banks, we should primarily have a valid ID card and be over eighteen years old. Theoretically, this should be enough, but in practice to get a loan we should prove to the bank that we are able to repay such a loan. And for this you need adequate creditworthiness. A bank analyst can evaluate our ability using a special algorithm. To calculate it you will need to provide our current earnings and fixed expenses. The difference from these amounts should more than sufficiently pay us back the repaid loan installment. But in most cases, creditworthiness alone is not enough. In addition, we should also have a flawless past when it comes to previous credit obligations. Lack of timely repayment of loan installments in the past may result in a negative decision to grant another loan.
Online loan comparison – We choose the best option
However, before we decide to send a loan application and thus check our creditworthiness, we should decide on one specific bank. Frequent checking of the ability and history in BIK results in a decrease in our credibility in the eyes of the bank. That is why it is best to limit the sending of loan applications to a minimum and decide on it only after meticulous selection of one specific offer. To choose me we can use the internet forum dedicated to loans. There are often various types of financial advisors who have considerable experience and knowledge of the financial market. A good solution is also to rely on monthly rankings, which bring together all the best credit offers and sort them in order from the cheapest to the most expensive. When choosing a bank in which we will submit an application, apart from the installment amount, we mainly focus on the APRC value, which is the most objective when it comes to comparing loans.
Online cash loan – Commissioning
After choosing the appropriate offer and sending the loan application, all we have to do is wait for the bank’s decision. Most often, the initial decision is made within a dozen or so minutes. It is possible that we will still have to complete some information or send the necessary documents. Usually, however, everything is ok and we receive a positive decision. We must then accept all contracts and regulations. If we are dealing with a simplified procedure, the agreement may be accepted via the Internet, and then we will receive a paper version of the agreement by post. Otherwise, it may be necessary to visit the nearest branch of the bank to sign a ready and accepted agreement. After that, all that remains is to wait for the funds to be transferred. They will be transferred to the account indicated in the application. It may take several hours or one business day, depending on the time and bank.
Online cash withdrawal
We can opt out of a credit obtained via the internet just like any other. We have exactly two weeks from the date of signing the loan agreement. What’s more, we don’t have to give reasons for our decision. Our task is only to inform the bank that we are resigning and to provide this information in writing within these two weeks. Of course, we also have to return the borrowed funds in full. We have 30 days from the date of sending the resignation.
Quick payday loans as an alternative to credit
However, if we receive a negative credit decision from the bank and we need cash at the moment, we can use a different solution. There are also various types of loans and payday loans available on the market, which are much easier to obtain than taking out a cash loan from a bank. Loan companies are not subject to the Banking Act, which is why the conditions for obtaining loans are less restrictive and can be obtained with very low income. However, most companies will check our history at the Credit Information Bureau, although not all. We can also easily find promotional offers for free loans for new customers.