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Quick loans at no extra cost – do they exist at all?

The word “instant pay” is usually associated negatively with an offer that is unfavorable to us. High interest, unclear contract terms, unchecked loan companies that are not banks. Fortunately, today it is more a myth than reality. Thanks to changes in the law and registers of companies offering cash outside the bank, as well as numerous rankings, forums and other reliable sources of information. Fast payday loans for free are a popular offer for the first Borrowers in the majority of recommended loan companies.

Good loan, only at the bank?

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Banks are institutions that long ago gained our trust and, although it is different with them, still enjoy an opinion as a reliable source of borrowing cash. Unlike loan companies, which we still don’t believe that they can have a good offer for us. And yet time is changing and today a loan outside an institution called a bank is also a safe and reliable solution.

All this thanks to new legal regulations and increased attention of institutions supporting the consumer, including the Borrower. All you need to do is read the offers carefully, look at the payday rankings and read the terms of the contract in detail. Moreover, for our certainty, we can check the Lender in a publicly available list of companies, such as the National Court Register or the Register of Loan Companies.

A quick loan and additional costs

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“Rush is a bad advisor” – and not only in the case of payday loans, but with every offer and final decision on the conclusion of a contract for a given product or service. Therefore, as it happens in business, the company is not equal and it is worth looking at the details of the offer and the terms of the proposed contract, even if we are going to borrow only USD 1,000.

For example, the loan companies recommended by the Borrowers, such as Lendon, Wandoo or Vivus, offer payday loans in the amount of 1000 to about 3000 USD, without additional costs for the first loan, repaid within 30 days. In the case of another payday loan, the additional costs remain at around USD 250, with the amount of cash borrowed at USD 1,000.

Instant pay for free – not for everyone

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As you can see, in the example above, payday pay for free applies only to a new customer who is taking it for the first time in a given loan company. In addition, the amount of cash borrowed is usually low and usually fluctuates around 3000 USD, with a 30-day repayment period.

In addition, there are other conditions that must be met in order to be able to apply for quick cash at all. They include the Borrower’s age, usually the age of majority, i.e. 18 years, although there are companies that require 21 years. In addition to age and possession of basic documents such as ID card, own bank account, phone number and email address, some Lenders also check the history


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