What to look for when taking payday loan?

The first decision you should make when applying for payday loans is to choose a loan company. Customer confidence has been gained over the years, so it’s best to choose an institution that operates on the Polish market long and enjoys good opinions. After all, reviews of existing customers are the most reliable source of knowledge. A trusted lender is a guarantee of security, openness and flexible solutions.

Repayment terms

Although all non-bank financial institutions operate on the basis of the same law and on similar principles, their offer differs significantly. A good example is a clear contract, clear repayment terms and a flexible approach to them, e.g. in the form of deferred repayment on friendly terms.

Rapid decision-making process

Rapid decision-making process

Non -bank loans (including payday loans ) are most often requested in situations requiring quick action, e.g. car breakdowns, flooded flat, and on the other hand fantastic price promotions happen very often when there are still a lot of days left until the next payment. When choosing payday pay via the internet , pay attention to the quick decision-making process regarding its granting. Efficient loan institutions with a pro-client attitude can make a transfer to the account indicated by the customer in just a few minutes. The passing time does not have to be an obstacle, especially in such elementary matters as finance.

Convenient online loan application

Convenient online loan application

Before you decide to grant a loan, you must apply for it. In the best loan institutions, the customer only needs to complete an application online, in which he gives his basic data, as well as some information on household income and expenses. On the financial institution’s website, the customer should conveniently indicate the amount and repayment period he or she is interested in, automatically getting to know the amount of installments and details of the cost of the loan and its interest rate (in accordance with applicable law).

Availability of loans

Availability of loans

The assumption of most loan institutions outside the banking sector is the availability of their services to a wider group of clients than traditional banks. Borrowing is based on mutual trust. That is why the best loan institutions approach their applications quite liberally. Access to cash is not reserved almost exclusively for people employed under permanent employment contracts. Successful loan applications do not have to require the delivery of many unnecessary documents and certificates. What’s more, it is worth to bet on the lender, which promotes timely repayment of loans, providing their trusted clients with increasingly higher amounts.

Transaction Security

Transaction Security

When choosing a loan institution, we cannot ignore the issue of online security. Finally, when submitting a loan application, we provide a number of important personal data. An encrypted connection is actually a standard. Proven loan institutions benefit from a number of appropriate safeguards, in this case – the largest online payment operator in Poland.

Request for funding not accepted: what are the causes? – Loans

It is becoming increasingly common to be faced with the refusal of requests for funding, especially from 2008 onwards, due to the economic crisis, the lending institutions are increasingly “defensive” in the granting of credit, it can therefore happen to receive waste even if not it appears in the list of bad payers. What are the causes of this waste?

Loans despite bad payers

Loans despite bad payers

The first reason, of course, is to be included in the list of bad payers because previous delinquencies. In this case, it is really difficult to think that another lender can grant you the loan, because your loan history is not shown. As a result, no one bothers to take the risk, as long as the previous insolvency is not cleared. If you are on the list of bad payers, the only possibility to get a loan is that of the salary assignment, because in this way 20% of the monthly net salary will be withdrawn directly from the account, but the possibility only applies to state employees or individuals employed for at least three months and for retirees, not for atypical workers.

As mentioned, it stumbles then more easily in waste which may also seem “strange.” The reasons arise due to the combination of the economic crisis with the type of work contract of the applicant (atypical or specific) which does not guarantee enough compared to the total sum requested. This guarantee perception is then further lowered by the current difficult economic situation, so we prefer not to trust rather than trust and even risk a minimum possibility of not repaying the credit. In the case of numerous insolvencies, in fact, the banks themselves are at extreme risk. The most easily refused formula is that of personal loan, because it is not tied to any well-defined purchase and therefore it is impossible to retaliate on material goods.

Applying for a loan

Applying for a loan

Take into account two conditions in particular for not seeing you refused a loan: the installment must be around 20% maximum salary (in the absence of other funding) and a salary of at least 600-650 USD is needed to hope for a good end since salaries up to $ 460 per month are considered bare subsistence. If you have other active loans, even if they are regularly paid, these can affect the valuation because if you add up to the previous ones, the risks of insolvency increase. It is better to wait, then, for an end to the substantial funding before moving on to others.

Be careful with these factors before applying for a loan to any credit institution, because any refusal is registered and the other financial parties you contact will see the previous loan application rejected and be automatically made to do the same. In the case of new requests after a refusal, let the refusal pass at least 45 days, to be sure that in the meantime the report is canceled .

Finally, the possibility of also bringing guarantors for the loan request increases the chances that the loan will be accepted, always keeping in mind the valuations previously exposed.

Subsidized loans – Loans

These loans are defined as ” subsidized ” because they are characterized by the application of an interest rate that is more advantageous or that makes the repayment rate more convenient. In fact, by applying a subsidized interest rate, the applicant will have to repay a smaller amount of money than the amount to be repaid in the case of a personal loan. This is precisely because the subsidized loan was created to help companies to emerge from a state of crisis or to improve their business by modernizing the companies already started.

Soft loans Who can request them?

Soft loans Who can request them?

The subjects that can request and access these forms of subsidized loans are the companies of previous opening or new opening. The request for subsidized loans can also be made by private subjects who, at the time of publication of the notice, want to undertake a new productive activity. For the purposes of admission, the nature of the production sector chosen by the company or private individual is irrelevant.

In particular, in fact, private individuals who want to carry out business projects, can access subsidized loans in the event that they have to incur expenses for the restructuring or for the purchase of the premises or for training courses for their employees.

The same is true for companies that have to incur expenses to purchase facilities , machinery, instrumental facilities to start or to improve existing production activities.

The subsidized loans for companies: the European Union calls

The subsidized loans for companies: the European Union calls

This type of subsidized loans are provided by affiliated banking institutions. Companies or private individuals who wish to access subsidized loans will be able to consult the various tenders that are periodically published by the European Union. It is the European Union, in fact, that decides to provide non-repayable or low-interest loans. In particular, these tenders are aimed at companies or private individuals who present corporate restructuring projects in areas of economic criticality or risk of abandonment.
The subsidized loans are provided through the funds and resources of the European Union.

In particular, to verify the available tenders, the access requirements for subsidized loans and the categories of subjects they refer to, we advise you to periodically consult the page on European Financing. Here you can see which calls are active and submit the application.

Soft financing for businesses: the Italian calls

Soft financing for businesses: the Italian calls

It is not just the European Union that periodically publishes calls for companies or individuals who want to revive their business. Even the Italian State and the individual Regions can provide – again through calls for applications – forms of subsidized financing for new and old companies. In this sense it is the Invitalia, the National Agency for the Attraction of Investments and Business Development, in charge of the instrumental activities for the development of Italian companies. In fact, Invitalia has a very important and interesting function for the Italian economy. In particular, the National Agency for the Attraction of Investments and Business Development deals with attracting foreign investments, supporting innovation of Italian companies and, therefore, encouraging productive activities by favoring the development of the company on Italian territory.

Soft financing for businesses: the types

Soft financing for businesses: the types

All the subsidized loans are, as pointed out above, provided for by European, state and regional calls. These tenders, in particular, establish the maximum available and payable capital for the granting of loans. In addition, the documentation to be presented to access the loans and the capital disbursement limits are stipulated. Finally, these tenders also provide for a series of sanctions in the event of non-implementation of the projects following the disbursement and use of the capital.
Whatever the “source” of loan provision, we distinguish different types:

  • state subsidized loans for youth businesses
  • subsidized loans for Microenterprise;
  • soft loans for the creation of the franchise;
  • subsidized loans for female entrepreneurship;
  • subsidized loans for the creation of self-employment;
  • subsidized loans for craft businesses;
  • subsidized loans through the loan of honor.