There is nothing for free, says the maxim known to everyone. As it turns out, it does not apply to payday loans, which are often free!
While banks reach out to our portfolio for all their services, many companies offering quick loans charge no fees. Check who the free payday loans are available for and where and under what conditions you will take up to USD 2,000 for free.
There are hundreds of companies advertising payday loans. One similar to the other – it is impossible to distinguish them and see what they have to offer. How to deal with information overload? On these types of websites you can find ads from companies offering free loans. Just click on the link and go to the website of the selected company to take advantage of its offer.
Once you are on the website of the company that offers free payday loans, you must complete a personal form. Verification requires you to have your own bank account to which the company transfers a small amount or asks you to send it to your own account.
If everything is correct, the loan money is transferred to the client. The whole procedure takes little time and certainly takes place much faster than the bank.
The advantage of free payday loans is also that you often do not need to submit any documents (employment contracts, certificates, accounting lists) or go through the creditworthiness. Many companies offering free payday loans do not even check the history in BIK.
Who are the free payday loans for?
Although based on the above description, it can be concluded that free payday loans are widely available, this is not the case. This is due to their limited number – not every company has them in their offer – and also because only new customers can use them.
The first loan for free is only for people who sign a contract with a given institution for the first time – if you want to take a free payday loan for the second time, you should go to another company.
Another restriction concerns the maximum amount, which usually does not exceed USD 2,000. Although this amount is useful for sudden, unexpected expenses, it is undoubtedly unable to change your life.
Especially if you have to give it back fairly quickly, which is the case with free payday loans, which are made available for no longer than 3 months. When the deadline is exceeded, the company charges the customer, which precludes the loan from being free.
Anyway, free payday loans are a great option for anyone who wants to borrow a small amount of money for a short period of time and is certain that they will be able to return it on time.