You do not earn income, but you need a quick injection of money? You must know that you can apply for payday pay. Learn more.
Banks’ policy is very strict when it comes to borrowing money – only people with a positive credit history and income can count on loans and credits. If you are temporarily out of work or work without a contract, you have no chance of borrowing from the bank. This does not mean, however, that you cannot borrow money, because non-bank companies are also operating on the market – next to banks. They propose, among others loans without BIK, loans for people in debt and those who have no income.
What information should you provide when completing the payday application?
Before you start completing the payday loan application, you should compare non-bank companies’ offers. Once you have chosen the best offer, it’s time to complete the application. What information do you need to provide in it? Regardless of the company in which you apply for a loan, you will need to provide basic data, namely:
- personal data (name, surname) and home address,
- PESEL number, ID card number,
- email address and phone number.
The above data is considered to be the minimum. Thanks to them, the non-banking company will also be able to verify your data by receiving a transfer from a personal account kept for you by the bank. However, this is not all – some companies also require:
- determining the amount of income received,
- indications of monthly expenses,
- providing the name of the company in which you are employed.
So if you come across a company that will require you to provide the above data, then you can actually have a big problem getting a loan – its employees will be able to verify the information indicated in the application.
Look for a company that does not require you to provide your employer or provide certificates
Since not all non-bank companies operating on the market require an indication of the employer’s name in the loan application, it is in these that you should apply for a loan. As for the income statement, the majority of non-banking companies do not require such delivery, so they can advertise as an entity that provides loans without certificates.
Finding a non-bank company that will not require a certificate from your employer or provide, for example, photocopy of an employment contract, is not difficult. As a person interested in payday loans, you must know that most non-bank companies operating on the market process submitted applications within about 15 minutes. For this reason, formalities must be kept to a minimum. This, in turn, guarantees the elimination of e.g. the need for the applicant to provide additional documents.
Loan without BIK. Will also do without certificates?
If you can not boast of a positive credit history, you can apply for a loan without BIK. You must know that in this case you also do not have to provide any certificates or contracts, and some companies do not even require the employer’s name.
Do you have a positive credit history? A better solution will therefore be to use the standard payday loan, where employees of a non-bank company will check your BIK account and other databases gathering information on how we pay our liabilities. Why? Because loans without BIK are more expensive than others available on the market – the lender bears a greater risk associated with granting them. You should be aware of this.
It will be easier to get another loan from the same company
Were you able to get a short-term loan from a selected non-bank company? Excellently. You need to know that whether you pay your debt back on time depends whether you will get your next loan even faster than before. By paying off your commitment on time, you can only gain – if you apply for another loan from the same company, you will not only need to set up an account, but also undergo verification procedures. Furthermore, you will not be required to provide any documents regarding your income.
By complying with the contract concluded with the non-bank company, you can be sure that you will quickly receive another loan without unnecessary formalities. An additional plus is the opportunity to build your creditworthiness. A good credit history will definitely be useful if you intend to apply for a mortgage in the future.
When will you provide employment certificate will be cheaper?
Since non-bank companies don’t usually require you to provide a salary or employment certificate, the delivery of such a document will not affect their decision to grant you a loan or reject your application. The situation is different when you indicate the employer already at the stage of completing the loan application. If the loan company’s employees confirm that you are employed, then your chances of receiving payday payments increase – it is certain that you have the means to repay the liability.
As you can see, despite the risk, non-bank companies lend money to people who are unable to prove their employment or have no source of steady income. If you belong to this group of consumers, all you have to do is search – you will surely find a company that will be interested in lending you money.