Lava is usually a short-term loan granted to a client by a commercial entity, which is usually not a bank. The loan amount in this case is rather small and ranges from fifty zlotys to five thousand zlotys, for a period of one week to even two months. More than fifty percent of those interested in payday loans are that the main reason for their choice is the speed of obtaining funds. It is in the case of payday loans granted entirely via the internet that you can receive money much faster than when applying for a loan at any bank.
How is it with costs, how much will the payday loan cost me?
There is a lot of talk about the fact that payday loans mean very high costs, but this is wrong thinking, because in our market there are many companies (practically 90% of all) that offer cheap non-bank loans and even free loans. This type of loan is a great way to finance urgent expenses, if you know that you will receive remuneration from your employer in two weeks, but you can’t wait any longer – take advantage of such a free loan. This does not involve any additional costs, because you will pay back exactly as you borrowed, without commission and interest.
Will you get a free loan at the bank?
Not likely, just like the fact that you can count on a loan in a few minutes. On the other hand, it is possible in non-bank companies granting loans via the Internet to get a loan for free and in a few minutes without any formalities. Forget about sending certificates and filling out long applications. Applying for payday loans is very simple and requires us to complete only a short form and then verify your bank account to which the loan is to be transferred.
Before you decide on this form of financing, carefully assess your financial situation. This will allow you to make a good decision and protect you from unnecessary costs. Remember to analyze your financial possibilities thoroughly, choose the repayment date so that it falls a few days after the date on which you usually receive remuneration on your account.
Check the terms carefully before submitting the application
However, when deciding on such a non-bank loan, you need to carefully check the company where we take out payday loans and check all the terms of the contract, especially for the costs associated with delayed repayment, what are the fees for overdue debt and possible debt collection costs. In exceptional cases, you can extend your loan repayment period by 7, 14 or 30 days, but this is a last resort, because the loan capital is not reduced, and you are exposed to additional costs, so think carefully how much you need and for what time.
Don’t borrow more than you need. Also check reviews about a given company, there are many pages that publish information about given companies, and on these pages you can find opinions from customers who have already used the services of a given non-bank company.