MonthApril 2019

Get a Quick Loan

An unsecured fast loan can generally be obtained by every resident of Estonia aged 18-70. You do not need to submit a income statement for this purpose and you do not need a surety. see 2coolwallpapers.com for further notes

Loan amounts vary from 50 to 3000 euros depending on the credit institution. The maturity of the microloan is usually from 15 days to 24 months.

How do you look for a quick loan issuance process?

  1. Check out a table of comparative credit terms on our website.
  2. Visit the websites of lenders that are right for you.
  3. Register as a user. This requirement varies from organization to organization. Some companies offer an instant opportunity to apply for a loan, some require registration. Registration is usually easy and does not take much time. When registering, use only your personal data and bank account number and confirm the loan agreement with the bank or ID card.
  4. Select the desired amount and period. Confirm the loan agreement and send the loan application.
  5. After that, you will be asked to send an SMS to the special number. All the guides can be found on the loan office’s website.
  6. You will soon receive a short message and / or e-mail reply to your loan application.
  7. Money is transferred only to your personal bank account!

As stated above, if you take a sms loan for the first time from a credit institution, you will need to identify your identity.

Where can you do that?

Where can you do that?

Identity can usually be identified at the lender’s office or at a post office representative of the credit institution. A valid passport, ID card or driver’s license is accepted as an identity document. The applicant must be a citizen of the Republic of Estonia or have a permanent residence permit in the Republic of Estonia.

Why is it necessary to identify the person?

Why is it necessary to identify the person?

Pursuant to the Money Lender and Terrorist Financing Prevention Act, which came into force on 28.01.2008, all loan applicants have to undergo a single identity check based on an identity document before the loan.

What Additional Fees are Hiding Payday?

If the costs of payday loans, as well as other financial products consisting of borrowing money, would consist only of interest, then calculating the costs incurred by the customer would be fabulously simple. Unfortunately, we have to reckon with the fact that these costs are definitely more. And sometimes, with their attempt to calculate, we grab our heads, unable to comprehend how many of them. http://istitutogentile.com has examples

loan payments

If we get into payday just because of the high costs we have to incur, then it is worth getting free loans. Namely, then we will not be charged with any additional fees. But as soon as we start to be late with payment, or expect to postpone the date, we can actually add additional fees to the borrowed amount.

Additional costs added to payday loans include:

Registration fee

Most often we are dealing here with a very small sum. The lowest registration fee is one cent. The maximum fee is currently collected by Wonga.com and this fee is PLN 10.

Loan commission

Loan commission

If we use a free loan, then we are completely uninterested in this fee. But when we return again as old clients, sometimes the costs are proportional depending on the amount borrowed. The commission is usually calculated as a percentage.

Postponing the loan payment date

Postponing the loan payment date

Virtually every company offers a postponement of the repayment date. Certainly, a disadvantage is that you have to pay this amount at the time of submitting the application. It is therefore not added to the outstanding amount. However, thanks to this we avoid other charges, for example related to penal interest or debt collection. Usually, we can postpone the loan payment period by 7.14 or 30 days.

Loans prompts

Reminders are needed to warn the customer against the consequences of not repaying the loan. However, for each reminder sent to the client will have to settle from it. Sometimes it is an amount of just a few zlotys, and another time a loan company for sending a registered letter, or for a home visit, wishes to pay 100 zlotys.

Paying a loan in installments

Paying a loan in installments

This is a privilege that is not accepted by every loan company. If it actually gives you the chance to spread your overdue finances into installments, you have to take into account the application fee. This is usually a cost of around 20% of the amount borrowed. Therefore, if someone borrows 1000 zlotys, he will pay 200 zlotys for the application.

Collection fees

I do not think anyone would like to have a debt collector on. But unfortunately, if we still do not pay our loan on time, then the non-bank institution pays its debt to an external company. Unfortunately, the borrower again bears the fees associated with the commission for the debt collection company. So if you have this unpleasantness, you have to add 10 to 30 percent of the total amount to your debt.

Fees related to the legal process

Fees related to the legal process

It seems to be a last resort. But if in fact the anti-usury law will include new provisions on limits imposed on costs related to postponing the payment of a payday, then more and more people will be brought to court. And this, unfortunately, is associated with really high costs. Not including the expenses related to commuting to the court.

quick loans

Anyone interested in a short stay should really think about whether he is able to repay the loan on time. As you can see, the most costs are incurred when we start to be late with payments. The more we delay, unfortunately we must be prepared for our debt to take on enormous proportions. In the end, we will not be able to deal with it.