If you want to borrow money as soon as possible, reach for a quick loan online. By using the services of non-bank lenders, you can receive money even within 15 minutes. In the article we will check the step-by-step procedure of applying for payday loans. We will also suggest what to do to receive money as soon as possible.
Online loans for people with bad credit: discover us and get money
Online loans for people with bad credit are a great way to fill holes in your home budget. Especially when unplanned expenses appear in your path that you can’t wait for. Failure of a car, household appliances or electronics? The money borrowed will help to overcome temporary financial problems and “go straight”.
Taking a loan online is not only fast, but also very easy. The first step should be choosing a proven, reliable loan company. A reliable lender is a guarantee of transaction security
To make your decision easier, see the online rankings of companies providing payday loans online. By using the services of a leader, you will guarantee yourself great service and maximum satisfaction.
Online loans – where to start?
If you chose the lender, it’s time to visit his website. The first step should be to choose the preferred amount and date of the refund. Next – complete the loan application.
What information should I provide when requesting online payday loans?
When filling out the application, you will need to provide the lender with information such as:
- first name and last name,
- PESEL number,
- series and number of identity card,
- mobile phone number,
- e-mail address,
- the name of the workplace (sometimes also the position),
- amount of current credit obligations,
- amount of monthly expenses,
- marital status
Depending on the company, this may also be information about:
- owned real estate
- owned vehicles
- number of dependents.
Based on the information you provide, the lender will be able to determine your risk level and make a decision.
Not everyone knows that the main reason for negative loan decisions is not the lack of repayment capacity, but … substantive errors in the content of the document.
Before submitting the form, make sure that none of the fields contains errors and they are all filled in truthfully.
Identity verification required
After completing and sending the loan application, you will need to verify your personal details. This procedure primarily serves security and eliminates the risk of borrowing online for stolen or phishing personal data.
How to verify the data?
The simplest and most popular way to verify your identity is to make a transfer to your lender’s account. Its amount is symbolic and depending on the company ranges from 0.01 to 1 PLN.
Once the money has been credited to the loan company’s account, it will be possible to check whether the bank account owner details match those entered in the application. If the personal details are the same, the lender will proceed with further analysis of the application. If they are different – the application will be rejected.
Verification of personal data – what to look for
If you want to receive money as soon as possible, make sure that the loan company’s account is in the same bank as your account.
As a result, the verification transfer will be posted almost immediately. The lender will, therefore, be able to quickly analyze the rest of the application and withdraw money equally quickly.
If you send money to an account in another bank, the transfer can be booked even on the next business day. And this means that instead of 15 minutes you will have to wait for money up to 48 hours.
Online loans – decision up to 5 minutes
Most lenders make decisions within minutes of a positive identity verification result. In the case of a positive one – the money is paid almost immediately.
Before you borrow
Before you take out a loan online, be thorough about your financial options. Make sure your budget can handle it. Remember that you will have 30 to 61 days to get your money back. It’s relatively little time to generate all the amount you need.
Even a few days’ delays in repayment may result in additional fees, debt collection procedures, and even court proceedings.
The consequence of untimely repayment may also be the transfer of information on debt to the Credit Information Bureau and entering customer data on the “blacklist”, i.e. to the registers of Economic Information Bureaus.