A payday loan for a student is a chance to receive additional money without unnecessary formalities. Student life is associated with expenses. Books for learning do not take the first place on the list of costs borne by the student. Huge money is needed to pay rent for a flat, a room or a room in a dorm, food, commuting, as well as more pleasant things, like partying and beer during a three-hour window during classes. Money flies like water – what do you do when you suddenly miss them, and we are waiting for any necessary expenses?
From the article you will learn:
- What is a payday loan?
- Is the installment possible for the student?
- How to apply for payday loans?
- payday loan – where do you get it?
Payday loan – what is it?
A payday loan for enables people who do not have a rich credit history or stable employment to apply for financial support. It can not be denied that most of the people who are still learning, are dependent on their parents, use scholarships or earn money between classes. However, it is difficult for a person who has employment under a contract of employment. Therefore, a loan for students often assumes a lack of income or unstable employment. Some lenders decide to provide financial support on the basis of income received from: contract for specific work, commission contract, maintenance or scholarship.
Certain situations can not be predicted. Everyone in their lives struggles with unplanned expenses that arose as a result of raising bills, rent or the need to replace equipment in the apartment. This also applies to students. In addition, there may be expenses related to education. payday loans are an opportunity to quickly get the cash you need. However, it should be remembered that every such obligation will have to be repaid one day. The entire application process involves verification of creditworthiness and financial liquidity, which is why a payday loan without income may not be possible.
Payday loan – who can get it?
As the name suggests, payday loans are for people who are still in education. To be able to take advantage of any financial support, we must meet several basic conditions: at least 18 years of age, as well as possession of citizenship of the Republic of Poland, ID card, bank account, active telephone number and full legal capacity. However, the detailed terms are determined individually by each loan company. In this way, the payday loan may be granted on other terms than those mentioned above.
One of the companies that offers not only short-term payday loans, but also installments for the student is Wonga. The applicant must pass positively through the process of checking identity and verification in databases. To receive a loan, you must first fill out the application on the lender’s website. As new clients, we have a chance to promote the reduction of payroll costs up to PLN 10. In this case, the payday loan can be from PLN 50 to PLN 1500, and the loan period is from 1 to 60 days.
Where can I find payday loans?
A payday loan can be provided by banks, by parishes and by loan companies. In the case of non-bank financial institutions, the formalities are kept to a minimum, and we will wait up to 24 hours for the money we need. Some companies guarantee to receive cash even within 15 minutes of making a decision. However, it should be remembered that a student’s payday means the need to repay the obligation after a month or two. In turn, long-term products allow for spreading debt even for several months. It can not be concealed that in this case the installments for the student may turn out to be more beneficial.
A loan in a bank and a loan in a parabank – advantages and disadvantages
In the first instance, the bank will want to determine if you are a trustworthy borrower. To this end, he will ask you to confirm that you have a source of permanent income. Such a source might be having a contract of employment (then you are certified to make regular payments to your account), as well as a monthly scholarship (social and scientific) that the university pays you. Even if you manage to convince the bank about your creditworthiness, the verification process will take a while, and then it will take some more time before the borrowed money is on your account. Parabank, in turn, will handle your request very quickly and you will get the money right in your hand. The problem is that the parabanks grant such loans on very unfavorable terms – for example, the costs of servicing them are high. It is much harder to get a loan in a bank, but if you finally get it you will be able to repay it in installments, and the interest rate will be much more beneficial for you.
A non-bank payday loan – easily and quickly
A much easier way to get the missing money will be a student’s rebate, which you can apply for in one of the non-bank companies. Inference on websites allows us to save time. To complete all the formalities, we do not have to leave the house. All you need is to be familiar with your financial situation, ID card, bank account, 18 years old and it’s ready! A payday loan can be ours. Very often lenders do not require any certificates from their clients. Thanks to this, regardless of whether they are payday loans or installments for the student, we will receive a credit decision much faster than at the bank.
What are the differences between student and loan installments in banks and parabanks?
By using a payday loan in the form of a weekend, you do not have to worry about meeting formal requirements. The decision on the award of money is made very quickly, and the necessary funds will be on your account as quickly. The maximum and minimum amount of the liability depends on the lender.
Payday loan without income, is there a chance?
Of course. A payday loan without income is one of the offers of every company providing payday loans. No certificates of regular income are needed to obtain a loan. All you need to do is show your ID card and fill in an appropriate online application on the lender’s website. Everything runs quickly and smoothly.
Is a payday loan possible without leaving home?
Here also the answer is yes! The vast majority of lenders can fill in an online application. Non-bank companies want to simplify the borrowing process as much as possible. They meet at the same time the expectations of their youngest customers who can not imagine that some service was not available in the online version. payday loans online have become a standard. It is also worth checking the breaks at the customer’s home.