An analysis of the “payday loans” market shows that in 2017 alone about 12 new entities appeared on it. This means that basically every month customers could take advantage of a completely new offer. Not only that, non-bank companies already operating on the market are also implementing new products. The loan offer is therefore very rich. What payday loans are worth paying attention to when taking a loan?
There is no single customer profile for a loan company. Each of us has different needs, different possibilities, a different situation and financial history. It mainly depends on the latter, what product a person will be looking for, and thus what products will be available for them. Loan companies know this very well and try to adapt their offer to the clients’ needs.
Parameters, calculations, requirements
As we have already written, there are really many products on the market. You can choose the most suitable one. Here, not only purely calculating parameters are important – the maximum amount of liabilities that can be contracted, the duration of the loan, the APRC value. You must also take into account the specific requirements that the customer should meet to receive additional cash.
Among the new payday loans, those with a high percentage of admission are certainly noteworthy. In this case, it is primarily about such situations when the customer is already in debt or is on the BIK list. Not every entity operating in the loan sector will recognize such a person as credible and thus grant them a loan. However, there are companies that do not check their clients in BIK, KRD or ERIF. Although their offer is limited, in these more difficult situations you can get financial support from them.
Loan for free
Loans with an APRC of 0% are definitely a product worth highlighting. Typically, such loans are provided by entities under the promotion, which includes new customers who have not previously used the services of the company. There are really many such offers. How much and for how long can you borrow without paying a single zloty commission? The upper limit reaches up to 6,000 USD, and the loan period is 30 days. In most cases, however, these are lower amounts in the range of 1 thousand. USD – 3.5 thousand USD borrowed for a period of 15 – 30 days.