Are you wondering why the pennies are so often taken by Poles? Certainly this issue is not accidental. Our compatriots perceive various advantages of short-term loans. What makes them more and more popular from year to year?
No unnecessary formalities
It is impossible to hide that many people just want time. They want to receive money as soon as possible for urgent expenses, which must be settled as soon as possible. Unfortunately, formalities in banks are very extensive. This means that you really need a lot of time to get through all the procedures. Not everyone can wait that much. Especially that some situations really require immediate intervention. Unfortunately, banks do not work, for example, on Sundays etc. This also extends the waiting period.
Non-banking institutions are much better in this respect. Formalities are here reduced to an absolute minimum. What do you need to show to receive short-term loans? In fact, it is primarily a personal ID card. For example, you do not need to have a workplace certificate that confirms your income earned each subsequent month. In addition, you do not need to have any other collateral or guarantors with you. That’s why everything lasts much shorter compared to a standard bank.
Short-term loans are for everyone
What else makes people opt for short-term loans? Poles choose payday because they are aware that they are really easily accessible. What do you need to do to get a loan from a bank? There, the requirements are really very restrictive. Representatives of such institutions, among other things, assess creditworthiness. Here everything happens much faster.
You already know that you only need a personal ID card. Short-term users can benefit from people who earn little or even no employment at all. It is also an alternative for people who, for example, in the past did not pay their obligations systematically and exist in a negative light in the Credit Information Bureau. Of course, you must be an adult. In some institutions, you must have a minimum of 20 or 21 years. It is therefore worth checking the regulations carefully to know where you can count on help, and where not yet – due to too low age.
Good financial conditions
It is necessary to pay attention to the fact that popular non-bank institutions also guarantee very attractive financial conditions. What does this mean in practice? It’s just that you do not have to pay so much money compared to what you borrowed. Anyway, you can use zero-interest loans at the very beginning. This means that there is a chance to give away exactly the same amount of money you’ve taken. Of course, you can not always count on such solutions. Nevertheless, even with interest-rate loans, final expenses are acceptable.