Month: January 2020

Apply for a loan in 5 minutes online – step by step instructions.

Why is it more convenient to take a loan online? Nowadays, the technology is so advanced that most of the activities can be done without leaving your home. Services are carried out via the Internet, where they are also ordered. The voices of opposition, regarding the alleged danger of such operations and how difficult it may be to carry them out, seem to gradually fade away.

Of course, taking a loan traditionally through a bank employee is still the dominant way to do it, mainly due to the elderly, who are not necessarily familiar with the Internet. Contrary to appearances, borrowing in the classic way is much more complicated than doing it online. All you need to do is master a few simple steps to easily buy the desired amount.

Step one – choosing a bank

Step one - choosing a bank

It is easy to guess that in order to apply for a loan, you must first choose the bank that is to grant one. Probably, every bank has its own website, so all you need to do to find it is to type the right phrase in the search engine. One of the main determinants when making decisions about a bank is the one on which you currently have an account. In practice, it is always the most profitable to opt for the one with which you have already concluded a contract, because you can count on various discounts or bonuses. If this matter does not play a major role, then you can follow the ratings of various banks in online rankings.

Step two – enable and complete the form

Step two - enable and complete the form

In most cases, the online loan starts by filling out the appropriate form with your details. If the website is legible, then finding the tab that allows you to enter the necessary information should not be a problem. It is recommended to check the correctness of the provided data several times, because any mistake can cause a lot of trouble. If you don’t know everything by heart, it’s enough to prepare documents such as your ID card or ID.

Step three – determine the loan

Step three - determine the loan

The next step is to determine what type of loan you want to take. In some cases, such as for small amounts, the loan can be taken immediately without having to provide anything except peels. Otherwise, you can choose the amount of installments to be repaid, the period during which you will have to return the money you borrowed, the amount you earn and similar details. The interface can present it in different ways – zippers, ranges or text, but they are usually well marked so that they cannot be overlooked.

Step four – analyzing the contract.

Step four - analyzing the contract.

A responsible person will always read the content of the contract before concluding it, especially when it concerns money. An online loan is no exception, the agreement can usually be found at one of the links displayed on the given internet portal. If the amount borrowed is exceptionally high, you can even turn to a professional advisor who would know exactly what could entail entering into such an arrangement.

Balance credit by overdraft facility

Overdraft facility is a simple and convenient way to finance short-term purchases, to fulfill spontaneous wishes or to pay unforeseen bills. However, considerable amounts of overdrafts can quickly come together if the overview is lost due to the large number of bookings in the checking account.

If you permanently overdraw your account, a loan can make sense to compensate for the overdraft facility. Because overdrafts are expensive and if the limit is reached, there is even more interest for tolerated overdrafts or the bank no longer permits overdrafts.

Compensation through an installment loan

Compensation through an installment loan

A suitable loan to compensate for the overdraft facility is the installment loan. This is usually a loan with a fixed term and fixed interest, which is repaid in monthly installments. As with the overdraft facility, an installment loan is usually granted without property security; proof of regular salary payments or payments is sufficient.

Banks offer installment loans on different terms, but as a rule the interest here is significantly cheaper than with overdraft facilities. Usually, the customer can choose the loan amount and the term within certain limits. For a given loan amount, the choice of term has an impact on the monthly payment. The longer the selected term, the lower the monthly rate and vice versa.

Get an overview again

Get an overview again

The choice of term or rate should be based on the personal financial scope. These can be determined on the basis of a household bill, in which the monthly income is compared with the expenditure. The excess of income over expenditure represents the maximum amount that is available for monthly installments. A household bill also makes sense to get an overview of your own financial situation.

Many lenders also require them as part of their credit check. Because of the more favorable credit conditions, the installment loan offers real interest savings compared to the overdraft facility. The monthly installments ensure a continuous repayment of the loan, which gradually increases your personal scope.

Credit to compensate for the overdraft facility: on-demand loan

Credit to compensate for the overdraft facility: on-demand loan

Another option for a loan to offset the overdraft facility is an on-demand loan. This is a credit line that is provided on a separate credit account. The call credit can be used as flexibly as with an overdraft facility. As with the installment loan, however, monthly minimum repayments are provided depending on the utilization. The terms are similar in amount to the installment loan, but the interest rate is variable.

SUMMER SALE – get a sale loan!

We have been officially enjoying the beginning of summer for several days, so it’s a great opportunity to start SUMMER SALE! Do you need cash for your holiday expenses? Get a loan from the sale and enjoy the extra cash!

Holidays are a time of relaxation and rest, which sometimes involves expenses. Holiday travel, trips to the lake, swimming equipment – all this requires cash, a smaller or larger sum. That is why we reach out to our clients. We offer not only the first loan for new customers completely free, but also a 40% discount on the second loan! This is a great opportunity to save and gain cash for your holiday expenses. SUMMER SALE continues!

SUMMER SALE – the first loan up to USD 3,000 completely free

SUMMER SALE - the first loan up to USD 3,000 completely free

Do you need cash support for your holiday expenses, but you haven’t used loan services yet? The first loan for free is a great opportunity to top up your account. This way you will also start building your loan history to gain access to more cash.

By using the first loan offer for free, you can borrow up to USD 3,000 for a period of 30 days. After this time, you should pay back the whole amount you borrowed and you will not incur any additional costs related to the loan. All that’s left is to enjoy the extra cash injection!

40% discount on the second loan – this is SUMMER SALE

40% discount on the second loan - this is SUMMER SALE

If you’ve already used the first promotional offer for your first loan for free and need extra cash right now, you’ve come to the right place! We cut the cost of the second loan by up to 40% during our loan sales! In this way you can borrow up to USD 3,500 with a special discount! Such promotions do not happen often, so do not wait for the discount to run out! The promotion lasts until 30.06.

Do not let your financial situation prevent you from spontaneous going on holidays – Quick loan will provide additional cash at any time, wherever you are. Remember that if you have not yet been in arrears with the loan, you can take advantage of our discounts for loyal customers – punctuality pays off, thanks to which you can borrow cheaper!