Most people who want to take advantage of the parabank offer are looking for a loan that only requires an ID card. As it turns out, among the so-called Willbanks there is no shortage of companies that borrow money by presenting only an ID document. This document confirms personal data and citizenship, i.e. information without which it is not possible to grant a loan. It is worth noting that nowadays more and more companies grant loans via the Internet. In this case, the borrower does not even have to appear in the branch of the company to present an identity document. You can scan it and then send it by email.
While the ID card is a document that is necessary in each case, only some lenders require a certificate of employment and income. Generally, people who borrow money from a parabank do not need to submit any documents other than an identity document. This significantly reduces the procedure for applying for a loan, and at the same time means that the road to it is not closed for people who do not work legally.
Chwilówki are instant loans, which are provided by so-called Willbanks. Today, such companies can be found in virtually every city. They are very popular, among others, because the formalities to be completed when taking payday loans have been kept to a minimum. Therefore, many people ask what documents are needed to make it possible to take a payday loan at all.
Lending companies include those that expect a client to provide a bank statement that includes the last few months. This statement is an alternative to your earnings certificate. The statement confirms that we receive regular payments to the account. It also shows how much we spend per month.
Are payday loans safe?
If we do not have an ID card – be it due to losing it or waiting for a new one – unfortunately we will not be able to borrow money on the parabank. Willbanks accept only an ID card as an identity document. With only a driving license, we will not be able to prove that we are us. Moreover, it should be remembered that the ID card must be a valid document. So if it has expired, no parabank will sign a loan agreement with us.
Many people ask why an ID card is required to receive payday pay. It should be clearly stated that the loan agreement cannot contain data such as the number and series of the ID card. Only then is the contract that has been concluded a valid contract. Meanwhile, on other documents – be it on the driving license or passport – we will not find information about the number and series of the ID card. Therefore, the lack of an ID card closes our way to receive payday loans.
Payday loans are quick loans, the popularity of which is really huge today. This results, among others, from a very shortened, simplified loan procedure. A lot of people wonder if you can get a payday loan if you document your identity not with an ID card, but with a driving license.
The identity card is required by the loan companies not only because of the number and series that must appear on the loan agreement, but also because it is a document confirming the age of the applicant for the payday loan. It should be clearly emphasized that payday loans are only granted to adults. So if you do not have an ID, the payday service is out of our reach. Therefore, everyone who wants to borrow money must have an ID card.
How to remove payday loans from bik?
Late repayment is an element of payday pay, which can really give us a headache. Everyone who is considering taking a payday loan should be aware that not paying the installments on time will incur high interest. As a consequence, we will give back a much larger amount to the parabank than the one that was lent to us. That is why it is so important for payday loans to pay each installment on time. This will avoid unnecessary additional costs.
The biggest disadvantage of payday loans is, above all, a very high interest rate. APRC, i.e. the total annual interest rate is much higher in their case than in the case of classic bank loans. What does this mean for the customer? We need to pay back to the parabank a lot more than the one we decided to borrow. That is why it is so important to approach the amount you plan to borrow with caution. You should seriously think about whether we can handle the repayment.
Quick loans become popular
Which are becoming more and more popular every year. More and more people who can not count on getting a bank loan decide to borrow money in the so-called parabank. Chwilówki have a lot of advantages, which make them popular. However, remember that you should be careful when applying them. Otherwise, you can quickly fall into a debt loop from which it is not so easy to get out. What to watch out for when deciding to take a payday loan?
Although Willbanks already provide the possibility of so-called credit holidays, such a solution is really expensive. You must pay for postponing the repayment date. As a result, the loan becomes more expensive again. What’s more, the parabank may of course refuse to grant us this form of support.