If you are already making the decision to take a payday loan, it is good to know what documents you may need to receive. According to the non-bank offer, receiving payday loans is associated with much less stringent requirements set by banks. What cash transactions with credit cards look like.
How does taking payday loans look like in practice, how long does it take and what do we have to have to get such cash? When answering the questions, we must be aware of having a valid ID card. This is a requirement without which no one will risk giving us any amount without first confirming our identity.
Sometimes non-bank institutions also require additional documents. These can be electricity and television bills, on which our permanent address is confirmed. We must take into account this possibility to reduce the risk of our application being rejected.
Bank account required
It would seem that a bank account in such situations when we do not use the bank offer is unnecessary. It turns out that, unfortunately, a bank account is one of the requirements when applying for a non-bank payday loan. This is due to the existence of the verification fee that we send from our own bank account to confirm our identity.
Some companies also require confirmation of our earnings to analyze our options for paying off payday payday loans – Online Payday loan. If earnings certificates are required, we can expect that the parabank will want to have an overview of our account statements. This will confirm the regularity of our account receipts.
In practice, it may turn out that some companies will require additional documents from us. However, it is also certain that each company usually has its own document requirements. So they will vary depending on the non-bank institution in which we will apply for non-bank payday loans. If an application is rejected at one lender, we can always take advantage of the competitive offer of the company.
Payday loans for pensioners
According to non-bank information, also persons who do not have permanent employment, as well as pensioners can apply for payday loans. People who work on temporary contracts for a specific task or job will also have no problems with taking out payday loans.
It is important in this case to document regular receipts from your work to dispel any doubts of the lender. If we mention the income of people who apply for non-bank payday loans, then we know that non-bank institutions do not have the same amount of money as banks. The range is very flexible and if the bank refuses to grant us a loan, we can certainly receive it on the parabank.
Verification in BIK and KRD
Every company that provides payday loans has the ability to check every new customer whether they are not in debt, whether they pay regular installments and what their credit history from recent years looks like. Debtor verification systems, such as BIK and KRD, are used for this. The degree of verification varies depending on the amount you are trying to borrow. It follows that by applying for low payday loans we may not be verified for debt in BIK and KRD.
Payday companies have very flexible ranges regarding the age at which payday loans can be submitted. The minimum age is 18 years and the maximum age varies. For one company it can be 65 years and for another 75 years or more. Submission of applications today in a large number of cases occur via the Internet and this makes payday loans a very fast financial product available directly from a computer on the website wallet. We should remember about timely repayment of our liabilities in the parabank because any delays will result in an increase in our obligations.