If you are looking for a way to borrow money – without many formalities and in a short time, check the offers of non-bank companies. They often offer loans online. Analyze your financial situation and check if this solution is for you.
Loans without creditworthiness online – how is this possible? Who grants loans?
You may have already had the opportunity to apply for a bank loan. If so, you know that granting a loan involves a number of formalities. It is usually necessary to provide a certificate of employment and income, sometimes also an account statement.
The bank also verifies the GFI (Good Finance Information) and KRD (National Debt Register) databases. This is what the creditworthiness assessment looks like, which the bank must do to grant you credit.
If in the past you had problems with paying off installments on time, if you still have some debts or you cannot confirm your income, you may have problems getting a bank loan. In this situation, non-bank companies can be helpful.
Non-bank companies are private institutions that do not perform banking activities (in legal terms), therefore they cannot grant loans – this is a product reserved exclusively for banks.
However, they offer cash loans (including loans without creditworthiness), which are usually much less formal than loans and shorter processing time. Check what conditions must be met in order to take advantage of a loan without creditworthiness online.
Loan without creditworthiness – what conditions must be met to receive it?
The calculation of creditworthiness in non-bank companies is often not necessary. Usually, it is enough to meet several criteria, although the requirements may vary from institution to institution. Most often, to use a loan without creditworthiness, you must:
- be at least 18 or 21 years old; the upper age limit is between 65 and 80;
- use an ID card;
- be able to indicate the address of registration or residence;
- provide a contact phone number and bank account number.
In addition, it also happens that companies may require confirmation of earnings or employment, but this is not the rule. Much depends on the company’s rules and the amount you borrow. Therefore, checking the borrower’s creditworthiness is often much less restrictive than in the case of banks, and often even completely abandoned.
Since non-bank companies often do not attach importance to creditworthiness, they also offer consolidation loans without creditworthiness, loans for the unemployed, and even loans for people with debt collection activities.
How much money can you borrow and for how long?
Loans without online creditworthiness are often granted in the form of so-called payday loans. The name refers to both the short time it takes to get a loan and the time you can borrow money. Compared to bank loans, it is relatively short and usually ranges from 15 days to 3 years. The amounts of such loans usually range from PLN 100 to PLN 15,000.
Loans without creditworthiness online – how to get a loan? Step by step instructions
You can take a loan without an assessment of your creditworthiness in several ways, e.g. on-site, at the company’s headquarters. However, the fastest and easiest way is to apply online. Check the step-by-step process:
- fill in the online application, in which you must fill in about a dozen or so fields (depending on the company, these numbers may vary) regarding your personal data, possibly earnings or employment;
- provide the bank account number to which the funds from the loan are to be transferred;
- make a verification transfer – all you have to do is transfer the set amount to your loan company’s account. Usually, it is a symbolic zloty or a penny. The verification transfer secures both the loan company and you – thanks to this the third party will not be able to use your data and will not take the loan into your account;
- wait for the application to be verified – it often takes only a few minutes.
If the application is successful, the money can be on your account the same day (depending on which application you make and what hours the loan company is working).
Loans without creditworthiness online without a bank account?
The most common condition for getting a loan without creditworthiness online is having a bank account. If you do not have a bank account, you do not want to provide its number, or you cannot make a verification transfer, it may be that the only way to take a loan will be a visit to the head office of the loan company.
Go to the given address or call and find out everything. You may be able to use e.g. postal order.
How do you find loans without creditworthiness?
Of course, you can find online loan offers mainly on the internet. To help you analyze the conditions of individual loan companies, use the tool, which is the payday comparison tool on the Good Finance website.
All you have to do is enter criteria, such as the loan amount or borrowing time, and the system will show you offers tailored to your needs. Thanks to this, you will not have to browse through the pages of loan companies in search of the best offer.