One of the most popular types of loans these days is payday loans.
Many people decide to take out a payday loan because it is very easy to get one. This is because the terms and conditions of a payday loan are very simple. He also says that taking out a payday loan is that your interest rate is currently very low and that you can spend your free-time payday loan on whatever you want without having to prove it with bills. It can be applied for without real estate collateral because an unsecured payday loan is income based. With few credit institutions, it is possible to take out a payday loan without a bank account, because when applying for a payday loan, most financial institutions require the prospective borrower to have a current account. Most banks do not accept that the customer does not receive a regular monthly income, rather than a bank account.
Fortunately, even if you get your salary in cash, you can still get a payday loan. There are financial institutions that can lend without opening a bank account. Credit institutions that lend without a bank account statement do not ask for the installment payment to be credited to their account, but provide the debtor with a yellow check. It is also a common practice at these institutions that the broker with whom you transact the transaction will personally go out to you every payment period.
So don’t despair if you don’t have a bank account and don’t want to open it because you can get credit without it. Administration is as quick and smooth as receiving a referral. What you need to know is that the basic criteria for a financial institution that allows for cash income for employees are usually requiring a previous year’s NAV income certificate in addition to the employer certificate.
Before you take out a payday loan, it’s a good idea to look carefully at what types of credit institution you will find. Depending on the amount of the loan and the amount of the salary you can get a payday loan with quite different conditions these days. Use the Humbert Humbert payday loan Calculator to choose the best loan structure. Finding deals from multiple banks in one place can save you a lot of time by not having to go through the bank branches personally.
Once you have selected which financial institution you will borrow the payday loan from, you will have to decide how much you need. You only have to borrow the amount you can definitely repay, and it will fit into your monthly expenses. Regardless of whether you receive a bank account or income, according to the regulations, the monthly repayment installment of the loan does not exceed 50% of the monthly income below HUF 400,000 net income, and over 60%. Financial institutions operate under stricter conditions, generally banking regulations allow for up to 35-40% of income to be paid off. If you already have another loan, the installment is taken into account, and any outstanding loan must be repaid within this percentage.
Applying for a payday loan Without a Bank Account – You may lose your benefits
The payday loan interest rate and APR may be lower if you undertake to open a bank account and to transfer the associated income and use an active bank account. With such a discount, you can save tens of thousands of forints , depending on the amount of credit . Usually people at that financial institution open an account where they take out a payday loan and move all the account management to a new location. This is because transferring income is also a requirement for a better offer. Account management can be free of charge even if you use an active bank account.