What is a payday loan?
A payday loan is a short, short term loan that you can get without leaving your home in a short period of time. payday loan is one of the most demanded financial products today, whose popularity increases not only in Georgia but also in the world. He addresses almost every age, permanent or periodic income. A payday loan is required for urgent and urgent money, such as utility fees, health problems, car repair and so on. payday loan suppliers are not only private creditors, as they are now part of the banks.
Why choose a payday loan?
Payday loan reception procedure is quite quick and easy, since the application for a loan is available with computers or mobile phones. Creditors are working smartly – they are quick to discuss your application and will notify whether the application has been confirmed or not. This is much better compared to standing in the bank, which requires a lot of time and patience. Furthermore, taking a payday loan is a much simpler procedure, since you do not need to make a real or movable property as a guarantor or a trusted person. Nobody will require a little time and you will probably say a lot about your commitment, because if you can not take responsibility, you will be liable to the creditor. So, for the payday loan, you will need much less documentation than for the bank, and at the same time you do not have to spend on the road or in the queue. Getting a payday loan from any place can be accessible to the Internet and with the active bank account and mobile phone. Another advantage of a payday loan is that compared with the bank loan is that the bank makes a great deal of attention to your credit history, especially during the last two years, private creditors may even make a bad credit for your loan application.
Payday loan types
The SMS loan is a payday loan type for which the Internet is not even after the registration. In order to get this type of loan, as in the case of an ordinary payday loan you have to register on the selected creditor’s website with the access to the Internet. Then you have the activation code to the registered phone number, only after entering the online code of this code will activate your mobile number in the creditor’s database. After that, send a credit card to the creditor with the desired amount of money and the loan repayment period. Some give credit for four months to repay the loan. Please note that you will have to pay the fee set by the usual mobile operator to send SMS, the creditor does not cover this expenditure. In order to use this type of loan you should make sure that you have an appropriate mobile connection in your location.
Online loans and its limits
Most of the creditors of the online loan offer large loans to the credit sector, offering the first loan to the customers, which means that you will have to pay the amount of the loan you pay back without any additional payments. The first loan is about 200-500 GEL. As for the maturity of the loan, maximum of 30 days. You must be careful not to pay the loan, because you will pay a penalty for each overnight. If you know that you can not afford the loan in time, you can use the deferment, which is certainly related to additional expenses. Even if your first loan is interest-free and it is too late to pay you to pay a fine. Therefore, before making a loan, make sure you keep it in time. The primary requirement is that the borrower should be a Georgian citizen. There is age restriction, the person should be at least 21, and in the maximum 65 years, in order to prevent the borrower from being irresponsible to the young or retired person who is not entirely financially independent. There is a limit to people with negative credit history, but there is a chance that creditors will lend the loan.
How to get a payday loan
The first step to get a payday loan is to find a favorable creditor, the more you are informed, the better chance you make the right choice. An impartial consultant site page can be found in the comparison chart where the leading creditors of the country and their basic conditions will find where the creditor gives us the opportunity to use the first interest free loan that has a lower interest rate than the maturity period Age restrictions, some lending company 18 years old (adult) entities and the maximum limit of 70 years. For detailed information you should visit the creditor’s site, questions, doubts, or assistance to request Creditor’s online help or their hot line that is available on working days and hours. If the online help is not available for the moment you can leave a message in your e-mail delivery and a consultant will contact you as soon as possible provided an opportune creditor must register its selection of the site for which you need a valid e-mail address, and bank account number of the residents teleleponis Los any bank. Click “Register” button and fill in the requested registration form as follows: your full name, personal number, ID number, residence address, e-mail, mobile phone number, bank account number, income (monthly income or other) Sh. Fill all mandatory fields. If you are employed in form you may contact the employer or employee contact information who will confirm that you are actually employed and you have the income indicated by your registration.
The next step is to fill the application on the loan, select the preferred amount and the maturity date. The maximum period is 30 days, and you can deposit an application on a limited amount only when the first loan is made, usually the amount of money is 200-500 GEL.
After confirmation of the application, you will be able to transfer your bank account’s accountability to the creditor’s account (basically 1 tetri), since you will receive a loan on the registered bank account if the loan is approved. Some creditors require a special purpose when transferring 1 tetri.
Wait for the creditor’s response. If the application is working day and hours you will receive an answer within about 15 minutes, during the non-working hours or on the off day, the application will be considered on the next working day. If the loan is approved, you will receive a text message on the mobile phone and the amount will be credited to the bank account specified in the registration.
Recommendations for payday loan
- darchmundit the payday loan to apply for you is the only way, or even more than the amount of money you need what the creditor is the first loan offer you a loan obtained from various creditors, because the lenders are the first loan without interest suggests a likelihood imisisa that only interest-free loans to be able to amount s accumulation.
- Review your income and expenses If you know that you can not pay a debt on a timely basis, try looking for some other way (eg, family members or friends) and refuse to borrow. Keep in mind if the creditor will confirm the loan you can no longer refuse.
- Hide a loan on time, if you can not pay a penalty or use it as a deferred fee, both are linked to additional expenses.
- Keep in mind that if you pay the debt over the term of the contract, it will not prevent the amount of money to be returned to the creditor if you have the interest to pay the same amount if you have to pay the loan before the loan will pay off the interest rate.