Companies providing loan services, such as payday loans for everyone, are becoming increasingly popular. It often happens that we cannot take advantage of the possibility of taking out a bank loan, which is why the loan companies have met our expectations.
Online payday loans for everyone – as the name implies – should be granted to everyone. However, how does the whole process of verifying the payday loan applications work in practice?
When applying for a bank loan
When applying for a bank loan, the applicant must provide the necessary documents, including an employment contract or income certificate. The Bank also verifies GFI, in which it can obtain information on our credit situation and KRD (Good Finance Information).
The situation is completely different when we apply for payday loans for everyone without GFI in non-bank companies.
Here, we rarely come across such a restrictive verification of our financial situation as in the case of banks. People with no real chances for a loan from a bank seek help in loan companies.
Instant delivery for everyone – requirements
Can anyone get a loan – payday loan for everyone online? Non-bank companies can afford more risk than banks, which is why verification is less stringent here.
However, lenders also have to protect themselves in some way against customers failing to pay their installments. The potential borrower must meet several criteria. Usually, these are:
- Must have Polish citizenship;
- He should be employed under an employment contract, work contract, mandate contract or receives a pension;
- He is an adult;
- Document stable income;
- Has a good credit history.
It is worth knowing, however, that more and more loan companies are moving away from checking GFI, KRD, ERIF databases, and do not even require customers to show a fixed income certificate.
This means that the lender does not verify the applicant in the most popular registers of debtors. No one is surprised by the fact that a large proportion of people applying for payday loans online have debts.
Short-term payday loans may be granted to persons who have irregular income, are in the KRD or GFI, do not have a credit history due to age or have a bad credit history, work temporarily or are employed under a civil law contract, have no creditworthiness, have a bailiff, as well as those who have high expenses and do not have enough money to cover them.
Payday for those in debt
Online payday loans are often used by indebted persons whose accounts or salaries were taken by a bailiff, as well as those who have to pay their current liabilities and cannot deal financially with this burden.
The decision to grant a loan to an applicant is always individual. Often, loan companies provide specially dedicated payday loans for people with bailiffs, so that they can pay off their debts.
Who will not get payday pay for everyone?
Although the name of such a loan can be misleading, there are still people whose application for a payday loan will be rejected. Certainly, minors will not receive loans. We also often find offers from non-bank companies that lend money only to persons who are 21 years old.
Similarly, the situation is beyond a certain age. Some parabanks give payday loans up to the age of 70, others offer loans dedicated to seniors even at the age of 80 and over.
Each non-banking company offering payday loans for everyone has a separate offer, which is worth getting acquainted with before making a decision on submitting an application.
How do you apply for payday pay for everyone?
The formalities associated with applying for payday loans are usually the same in every non-bank company. However, there are parabanks that simplify the procedure for clients.
Most often, first of all, you should analyze the offers of loan companies to choose the payday loan ideally suited to our needs. Then we fill out the online credit form, which is necessary for verification and registration of the customer in the borrower’s profile.
Many companies practice identity verification by making a transfer of USD 0.01 or USD 1 to the lender’s account. To make the process run as soon as possible, it is worth choosing a company that has an account in the same bank as us.
Thanks to this, the symbolic transfer will reach the para bank account in a few minutes and verification will take place more efficiently.
Many loan companies meet the expectations of customers and offer increasingly convenient online verification processes, e.g. through mobile applications.
In these types of applications, all you need to do is set up your bank account and the lender will gain access to our personal data. It’s just a few seconds that can significantly speed up the processing of your application.
If the loan company does not use the application, it is possible that for verification purposes we can use the site with express payments.
Thanks to this, the transfer that we must make to the lender’s account will be sent in a few seconds, and the amount necessary to verify the identity will appear on the company account almost immediately.