Sometimes there may be a need to make a payday loan for various reasons. How to choose the best payday loan among all the offers that are on the market?
Here is a guide to choosing the most advantageous payday loans
The need for a payday loan can arise at any time in life. If we want to buy a new or used car we can make a payday loan.
In the same way, a loan can be the useful solution for changing home furnishings, buying new equipment for self-employment or replacing household appliances.
Whatever the need, a payday loan can be affordable for everyone and only partially affects the income.
Generally, those who need a payday loan turn to their bank at first, because they are already customers, but how do you know if despite the consolidated relationship, the bank is offering us a good loan?
There are now many portals online where it is really easy to operate. You connect and thanks to the comparators you can compare the payday loans available to find the best one.
All these portals offer their service for free and are able, thanks to the large volume of business and traffic they are able to generate, to offer solutions and rates that are more advantageous than those that the individual could obtain by contacting the institutions personally.
The payday loan General considerations
The first thing to establish is what the payday loan is for, in fact to choose the best one it is good to finalize it.
payday loans can go up to 60,000 USD and be disbursed quickly. They are called micro loans if they are small loans.
Running the quote on the portals is totally free. Comparisons can be made for payday loans for car purchase, for loans that offer revolving credits, or for debt consolidation.
Another type of payday loan that is in great demand and advantageous is the Transfer of the Fifth, which we have talked about.
How to start the comparison
There is in each portal a comparator in which a series of information must be inserted. Let’s see them together.
The first information you enter is obviously the amount of the payday loan that we intend to apply for. Let’s say it is 15,000 USD.
The second value to write is the duration we think it could have. Let’s say 72 months, which corresponds to six years.
We are now asked to indicate the purpose. We can choose between home renovation, furniture, but also liquidity, purchase new or used car, purchase new or used motorcycle, debt consolidation or between hobbies and free time, medical treatment, marriage, holidays or wellness.
There is indeed a great variety of possibilities.
Once you have made these choices, you need to decide whether you want an association or not. Then you indicate your year of birth, the type of commitment (fixed-term, permanent, retired, student, housewife, etc.) and the current qualification including the start date and last the province of domicile.
We entered Milan and then started the comparator for research. In a few minutes the system will compare all the available loans and offer you a list of the best.
The list in the specificio
Once you have produced the list of the best loans available, you can read on the left the name of the bank that offers the loan and the monthly installment that you are going to pay.
To the right of the bank or institution logo are the summary data of the loan: the APR applied, the amount disbursed, the TAN, the initial expenses that must be incurred to have it.
If we are interested in the loan, we must open the “Complete loan form” where we can check the conditions applied, the advantages and the requisites required.
The card specifically
Some portals in the form show what purpose that type of loan is aimed at. Sometimes loans of a certain type cannot be used for renovations, or for the purchase of furniture, for example. On the contrary, some payday loans could be advantageous precisely for this type of intervention.
The card also contains data on details such as early repayment, extra expenses if any, and more.
It is always good to check rates, stamp duties: with some institutions they are borne by the borrower, with others they are not.
The Necessary Documents
In order to make a loan request you need to have a whole series of documents and these are always listed on the card.
Depending on the case, the last two pay slips are also required, or the last single model presented with the attached presentation receipt, or alternatively the last two payslips of the pension.
Once the loan request has been made, the lender will contact you by phone and email to finalize the operation.
If you don’t know which loan to choose
In the panorama of all the available offers, it may be that you do not know what to choose. Which payday loan is right for us? Don’t worry and don’t panic!
Thanks to these portals you can easily find out. There are guides that step by step lead us to understand what is the best solution for us.
Not all loans, as mentioned, can be used for any purpose. Furthermore, there may be subsidized payday loans for specific purposes.
The calculation tools within these portals allow you to make quotes by introducing this variable and also letting you know how much you can ask based on your income skills.
To be taken into account during the evaluation
Make quotes both with and without the Insurance option. There is a big difference. For example, with a calculation made on a payday loan of $ 15,000, the uninsured installment of the best proposal is $ 245.69 while the one with insurance is $ 268.94.
Best payday loan advances 2019
The payday loan is also defined as a consumer loan and is a type of financing widely used by the private individual for the most varied purchases.
It is chosen not only for the purchase of cars and goods such as household appliances, computers, flat-screen televisions and the latest generation smartphones, but also for dental and cosmetic surgery and other treatments.
To choose the best loan it is always useful to compare the available opportunities and read the information sheets as well as the documents.
The Best payday loan 2019 can be requested quickly online. Some lenders take as long as one or two days to deliver as conventional banks usually take longer.