A payday loan, is a small loan that usually needs to be repaid quickly.
It is the ideal way to quickly have money available for unforeseen expenses such as a washing machine or a refrigerator. A payday loan can also be used to temporarily absorb a small deficit, for example between 2 salary payments. (You know the joke that many people have a month left at the end of their money.) That is exactly a nice reason to conclude a payday loan.
The amount of a payday loan is usually between 100 and 1500 euros. offers payday loans up to 1500 euros.
A payday loan usually has to be repaid within 1 or 2 months, for example in 45 days.
Request payday loan
A payday loan is very easy to apply online . So simple and fast that you usually have the required amount on your account the same day. The request is made via the internet so you can also borrow money quickly in the evening or at the weekend … a quick solution to an acute problem!
A payday loan is the solution for the purchase of items up to 1000 to 1500 euros. Think of the fast need for money for eg a refrigerator (which you really want to have at home), a television, washing machine, scooter, bicycle or laptop.
Of course, interest must be paid on the loan amount. Because the term is short, interest costs are often included.
A payday loan also has disadvantages. The interest rate is much higher than with a normal personal loan, interest rates above 10% are fairly normal, with a maximum of 15%. If you can not pay off the loan (on time), this can result in extra costs. For people who can not deal very well with money, a payday loan is a potential pitfall, because it is very easy to close but the discipline of paying off is sometimes difficult to achieve.
Advantages of a payday loan
- A payday loan is one of the fastest loans you can get on the market
- Direct payment to your bank account, usually within 24 hours
- Easy to apply online
- Borrow money for your temporary shortfall on your balance
- Borrowing from 100 euros up to a maximum of 1500 euros
- Borrow directly without review
What is a payday loan: the main points
- Small amount that can be borrowed, usually up to 1500 euros
- Fixed duration between, for example, 15 and 45 days
- Fixed interest
- No registration check
- Fast to apply online and quickly on your account
- Costs are very bad
- Only for residents of the Netherlands