Christmas payday loans
Holidays are approaching with small steps, and we are interested in a financial product which is a Christmas payday loan.
The loan presented is, of course, a loan for Christmas presents for which it usually generates very large sums of money. What is such a loan really like? It’s nothing more than a payday loan as an ID card!
Only under a different name – the bank thus encourages all people to credit, and we can finally buy such gifts that we have always dreamed of. What to do to get a loan?
The only document that we will need at this moment is of course an ID card.
The bank will want all the data from us! Including those relating to work. Currently, many unemployed people try to deceive the bank and inform about work that is not there. Unfortunately, this trick will certainly not work for anyone. Even though we do not have to show income statements or contracts.
A special system will thoroughly verify all our data – if we do not have any income, the bank will know about it, if we have other debts, we repay or we will not repay them on time, also. Is a minute for gifts for children so a payday loan only for earners? No. Between a payday loan and a short payday there is quite a big difference. The payday loan is offered to us by the bank, where we will not find any payday loans.
What is more profitable?
Certainly, the bank’s offer – lower interest rate, lower risk, lower fees for granting credit to us. The pair of banks is a whole lot and we will surely find one that will be able to give us credit. However, let us remember that credit payday is a loan for a moment about which the name of the offer informs us. The loan is usually granted for seven, fourteen, thirty days!
After this time, we must give back the amount borrowed plus accrued interest, which is sometimes quite a lot. The cost of the loan depends on how much we borrow. In the case of a payday, it fluctuates PLN 25 (loan in the amount of PLN 100) to PLN +500 (loan in the amount of PLN 500-2000). So it is not a cheap loan.
Most of the pair of banks are mainly living with just such loans. We will not find a low interest rate here but it is always a solution for gifts on holidays. So we do not have to sell things from home.
All we have to do is go to the loan installments section and check the offers.
Let’s compare all the details and we will know which offer is more beneficial for us.