Online Payday Loan is a financial product that is very often searched by borrowers. It is a loan, the amount of which can reach from a few or several thousand depending on the offer.
The short deadline for granting it makes it an ideal solution for people who want to patch a temporary hole in the household budget – check the best offers thanks to the ranking on 17 banks. Online Payday Loan is an agreement whose repayment should take place within 30 days of the conclusion of the agreement. However, the repayment deadline is extended in return for an appropriate fee.
Usually payday loans are provided by non-bank entities
On the other hand, banks offer products such as credit cards or savings and checking account limits for such a short period. Interest in payday loans is mainly shown by people who have limited creditworthiness or are not interested in entering into a contract for too long.
Numerous rankings available on the Internet are a current and reliable source of information about offers available to everyone. Usually, rankings include loans that are paid out quickly, are offered for the first time for free, and are automatically approved.
The rankings include offers that have the features
Sought by customers such as free product availability. The slogan “free” loan in advertising means that you give away the amount you borrow. However, the loan must be repaid on time and in accordance with the terms of the contract. A free loan is not the only possible advantage of payday loans. The advantages of this type of loan also include the maximum loan amount or cash withdrawal time, as well as the ability to send applications to more than one company.
The main advantages of payday loans include no need to indicate the purpose of the loan. One of the rankings for April 2019 indicates that the best offers include the product of Solcredit, which appreciated the fast payout time, the first free loan and automatic approval of applications. The list of the best products also includes offers of the following companies:
Good Bank, where the offer proposed the first loan from the APRC from 0% to 1009.48%, the amount borrowed up to PLN 2,500, payment on the same day. Another attractive offer is the Zylion product, which will borrow up to PLN 1,500, the first loan for free and payment on the same day.
Products of such entities stand out from other offers
There are more and more companies granting loans on the market, which is a response to the considerable interest of clients in this type of offer.
Usually, in the offered products, the first loan is granted for free (i.e. the same amount is paid back when paying off the loan on time, subject to the terms of the contract).