Definitely the cheapest payday loans are those that are available for free, without any additional fees. We can get such a loan on promotional terms only once. See http://ogawaweb.net of critique.
Looking at the online payday market, it’s not hard to get the impression that the market is doing quite well. The choice among short-term loans of this type is quite large. There is no shortage of offers that tempt with high amounts already as part of the first loan. Most of them are available for new customers completely free. I would like to focus today on the most advantageous offers, presenting the cheapest payday available online.
It just so happens that I had the opportunity to observe the market of online slots from the very beginning. Start of companies such as Via SMS, SMS Kredyt or SMS365 which were the first to give weekly debts completely via the Internet. I also remember the popularity, which gained a lot of popularity by introducing the first minute for PLN 0 . Such an offer is, moreover, not interrupted in their offer, so far.
Firms Offering the Cheapest Payday – PLN 0 Promotions
If we are interested in getting the cheapest payday, first of all we should check the offer of free payday loans . The first companies that introduced such an offer were the previously mentioned or Via SMS. This promotion consists in offering a completely free loan to a new customer, which is not burdened with any additional costs. This means that as much as we borrowed, we will have the same amount to repay on the day the loan is repaid. However, a prerequisite for the promotion is the timely repayment of the loan. This means that we can not be late with repayment of the loan even by one day. So if the promissory note on promotional terms is given to us for a period of 30 days, we should repay the loan in full within 30 days. There are a lot of companies offering free payday loans, and below you will find examples of some of them.
You have to remember that from the promotional terms of payment for PLN 0, one company can use only once. This does not mean, however, that we will not be able to use such promotion several times, in completely different companies. It must be remembered that some companies providing payday services operate under several brands / names. It can therefore happen that an application submitted to two different brands will eventually go to one company. Mostly, however, in the footer, at the very bottom of the website there is information about the lender’s subject.
Payments of Payday Loans and APY
As you probably noticed, all payday companies give the cost of a loan in APY. This is the Actual Annual Interest Rate, which is the percentage of the total amount of the payday per annum. While this information works as much as possible in the case of loans or installment loans, which are most often taken for a period of 12 months or for even longer. To be honest, in the case of payday loans, this return is a bit misleading. It is known that such loans are not taken out for a period of one year and usually for a period of 30 days.
So what is guided by looking for the cheapest payday? If we want to know the cost of another loan, it is enough to indicate the amount of the loan we are interested in and the repayment period. It is worth mentioning that some companies providing payday loans provide such loans not only with a standard repayment period of 30 days. There are offers under which we can borrow for a longer period of 45 or even 60 days. It is worth paying attention to the amount of commission and interest. We should also receive information about the total amount to be repaid. It is the sum that consists of: the amount of the loan, plus an additional cost (commission and interest) determined by the loan company. Let’s remember that we will have to pay the entire amount in a single payment within the prescribed period.
Who Is The Cheapest Payday For Whom?
Any company that provides such payday has different requirements for a potential borrower. The age of the person who is trying to obtain a loan is certainly taken into consideration. In some loan companies, we will get a payday from 18 years, and in some companies this threshold is slightly higher and amounts to 21 or even 23 years. To get a minute, we will also need an active bank account, set up in one of the Polish banks and a mobile phone. Most companies that provide online payday also require a positive credit history from the borrower in the BIK database or a clean account in the debtors’ databases.
The big advantage of this type of loans is undoubtedly the very short waiting time. Thanks to the fact that they are provided over the Internet, the necessary money can top up our bank account in the next few hours, and sometimes even several minutes.