An installment loan is a quick money option for almost anyone. Most offers are available online, so you can get cash quickly and without wasting time. However, like any financial liability, such a loan is granted on specific terms. It is also worth remembering that each non-banking company has its individual offer of financial products, granted quickly and with minimum formalities. What is worth knowing about them and how they can differ from each other? Here’s some practical information!
Get fast installment loans online no credit check up to $1500
The popularity of para banks is growing among Poles. This is, inter alia, associated with an ever richer loan offer and changes in the law against anti-usury, which increasingly protects the interests of customers of non-banking institutions. To get new borrowers, loan companies offer a wide range of services. These are among others:
- quick loans up to $ 10,000, with repayment terms of up to 90 days,
- free loans for new customers, i.e. payday loans without additional costs, granted for a short time and small sums
- payday loans without databases – loans without checking data in BIK and KRD.
How can you get a no credit check installment loan? Our finance company has a special product – a fast installment loans online no credit check that you can have on your account even in 15 minutes. This is the best option for those who need money for already. Unlike the usual payday loan, the loan amount is much higher and its repayment can be divided into many convenient installments.
Of course, every loan company has its limits on the sum and time for which it borrows money. The maximum installment loan amount in 15 minutes in our company is $ 10,000 – for new customers and up to 15,000 for regular customers. The repayment period can be spread over up to 48 months. And if there is an installment payday loan, you can check in this article.
Installment loan in 15 minutes via the Internet – little formalities and quick decision
A loan in 15 minutes is the fastest way to receive money. The majority of non-bank companies currently have financial products that can be obtained online. It is a convenient solution for everyone who does not want to waste time getting to the para bank branch, meeting with a representative or complicated banking formalities. An online loan can be taken without leaving your home at any time of day or night. However, it must be remembered that the basic formalities must be completed.
In the beginning, you should complete the loan application and provide such data as:
- name, surname, citizenship, pesel
- address, phone number, e-mails
- Bank account number
- form of employment
- marital status
- number of dependents
The next stage of the formalities is customer verification. It can be done by:
- verification transfer
- GIRO check
- applications and verification systems
In the article – A loan without a transfer of 1 inferior to a bank account, we have collected detailed information on how to verify the customer.
Then the non-banking institution analyzes the information received. Our loan company operates in accordance with the idea of responsible lending. Therefore, we carefully check the data in BIK and KRD of each client. We also assess the financial situation of the borrower, i.e. whether he will be able to pay his liability on time, and this depends on his earnings and expenses. Thanks to this, you can avoid extremely unpleasant situations when the customer has a problem paying for his commitment.
More information on how to calculate your creditworthiness can be found in this article.
Are installment loans in 15 minutes always in 15 minutes?
Non-bank companies offer their clients quick money without unnecessary formalities, even in 15 minutes. But will we always receive cash in such a short time? What determines the speed of the transfer?
Not necessarily – delays in transferring money to your account can be caused by several factors.
1. The working hours of the para bank are very prosaic. If the application is submitted online at night, no one will verify it immediately. Therefore, when looking for the right offer of quick installment loans, you should carefully check the business hours of the company.
In our Tweedledum and Tweedledee loan service, this is not a problem, because the process – registration, verification, transfer of funds to the account – is fully automated and takes a few minutes.
2. Another factor delaying the time to receive money is too much burden on the company. Because every customer who applies for a loan must be verified before receiving money, too many borrowers can slow down the verification process.
3. However, the lender is not always responsible for the delay. It may be related to the client’s unclear financial situation and lack of adequate creditworthiness. Then the non-banking company needs more time to make a decision or to propose other conditions for granting the loan.
4. It should be remembered that the delay may be affected by the time of posting the transfer at a given bank. It depends on whether it is an intra-bank transfer that is carried out on an ongoing basis or an interbank transfer – it’s booking usually takes 24 hours. Therefore, if you want time, choose a para bank that has a bank account that you use on a daily basis.
As you can see the installment loan can be obtained really quickly and without unnecessary formalities. However, for the money to be on our account in 15 minutes, you must remember to meet the above-mentioned conditions and principles when applying for a loan.