Immediate non-bank loan – where can you get a loan right away?
January 26, 2020
The non-bank loans market is developing very dynamically. Year after year, it records further increases. There are more and more clients who willingly use this form of borrowing money. Therefore, companies develop their offers, introduce new products and solutions.
Money available ‘immediately’
One of the most important features of non-bank loans that customers pay attention to is its availability. It is both about access to the entities and products themselves and about the time when we can complete the transaction.
Frequent clients of loan companies are people who need money immediately. There are really many unforeseen circumstances that force you to look for extra cash that you don’t have.
Most often it comes to unforeseen repairs, renovations, the purchase of new equipment in place of the old, who refused to obey. These are urgent matters. Just like car repair, which is the only means of transport. Or paying liabilities that cannot wait – rent, bills.
It also happens that we need additional money in connection with the opportunity to buy products or services at promotional prices, which are sometimes limited. We are talking about both home appliances and holiday trips – last minute offers.
How fast can you borrow money?
Many non-bank entities advertise their loans as quick. Among the offers we will see the terms “payday loan”, express loan, loan in 15 minutes. Can you really borrow money in 15 minutes? And if so, what does it depend on?
First, it reduces formalities. Regardless of whether we use the offer of stationary entities or borrow via the Internet platform, we do not have to provide certificates or go through the procedure of checking creditworthiness. In most cases, all you need is an identity card or other form of confirming the customer’s identity. Identity Check Is a fairly easy process for a stationary facility. But companies operating on the Internet have also taken care of this procedure. They use tools thanks to which they can complete this formality within minutes.
And also important information for users of e-loans. Having a bank account in the same bank as the lender significantly affects the time of booking the allocated funds.