Do you need quick financial support? Check the offer of non-bank loans and see if it is the right solution for you.

Non-bank loan – what is it about?

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Non-bank loans are a solution that you can use when you need a quick cash injection and you cannot or do not want to take out a loan from a bank. It is worth considering them especially when:

  • you care about time – non-bank loans are granted even within fifteen minutes. You can apply for a loan online or at a stationary loan company outlet,
  • you are worried that you will not meet all the bank’s requirements – when applying for a bank loan, you must provide proof of income. A bank employee can contact your employer to confirm your employment. Your credit history will be checked in the debtors’ databases and your creditworthiness will be assessed. Non-bank installment loans usually only require the confirmation of your identity. Formalities are limited to the minimum necessary.
  • you have a bad credit history – if you have not repaid your liabilities on time (loan, maintenance, telecommunications bills, etc.) in the past, your bank may not grant you a loan. It is different in the case of non-bank loans without checking the databases. When considering an application for this type of loan, entries in the debtors’ databases are not taken into account. It is worth remembering, however, that such loans are usually granted for amounts up to several thousand USD.
  • you have no fixed income – non-bank companies have loans in their offers that you can use without presenting a certificate of employment or income. Thanks to this they are available to you, even if you are currently an unemployed person.

Non-bank installment loan and credit – comparison

Non-bank installment loan and credit - comparison

Cheap non-bank loans – is it possible?

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Online loans for non-bank installments are financial support that you get faster and easier than a traditional bank loan. Do you have to pay extra for this convenience?

At first glance, it may seem that non-bank loans offer customers worse conditions and are much more expensive than banking products. However, this is not the rule.

Non-bank installment loans can be granted on favorable terms. Especially if you come across an interesting promotion, e.g. a non-bank loan with a reduced interest rate.

In such situations, however, remember to use common sense and always read its terms and conditions carefully before using the loan.

Tip

Do you want to find the most advantageous non-bank installment loans without having to browse dozens of offers? Use the Glass family payday comparer. All you have to do is specify the amount you need and the preferred repayment time. In the blink of an eye, you will receive a list of the best non-bank loans that meet your requirements.

Non-bank loans – large amounts?

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If you want to borrow a larger sum of money, exceeding USD 15,000 thousand, a bank loan may be a better option for you.

Almost all non-bank loans are granted only for small amounts and for a relatively short period (the maximum repayment period is usually three years). For this reason, it is worth treating them rather as financial support in the event of unforeseen situations or small expenses.

Good to know

Entrepreneurs who decide to get loans for companies can count on slightly larger amounts. Non-bank support may in such cases reach up to tens of thousands of USD.

Installment “non-bank” loan – is it safe?

 

A non-bank loan is a quick and easy way to repair your budget. Remember, however, that when deciding on it, keep a balance of reason and not borrow larger amounts than those you are able to pay back on time.

Thanks to this, you will easily meet your commitments and avoid financial trouble.

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