Especially non-bank lenders today mainly attract speed. They try to dazzle customers by sending money to their account within 15 minutes of submitting the application. But what to do if you do not have a bank account or simply need cash for another reason? For such situations, there are cash loans.
You won’t find many on the market, but they do exist. And in addition to the speed they simply can’t compete with on-account loans, it offers all the benefits of modern loans.
Why can anyone want a cash loan?
If this situation met you, then you certainly understand it very well. Otherwise, we will outline three model examples:
No ATM nearby. What will you do with the money you need to get on paper when there is no ATM nearby? Not everyone can withdraw the amount at a nearby ATM. And if he doesn’t have a way to town in the next few days, a cash loan might be better for him.
You do not own an account: There are few people without a bank account, but they do exist. They are not always retired, although they may be, and of course they sometimes need a loan.
Do you want to sign the contract in person: Not sure what to watch out for when signing the contract and what do the different things in it mean? Make a personal appointment, the business representative will explain everything before you sign the contract and get the money straight away.
How does a cash loan work?
You get the money on your hand, but you can apply for it in a standard quick way online, as is customary today. Fill out the form and submit your request without delay. The creditor will then contact you to arrange a personal meeting. For example, some companies offer cash loans with delivery of money directly to your home.
Cash loan is a matter of hours. It depends how far the courier is to you and also your requirements. You can also arrange a meeting in the early morning or late evening when you come from work. The courier will discuss everything in peace with you and then give you money on hand.
Payments are also made in cash
Similarly, installments are resolved. Cash loans are tailored to people who do not have a bank account, so a different repayment principle is also devised than sending regular money. A courier will come to your home for each installment. This also means that you will not get the loan completely out of your head and you have forgotten the installment.
Other benefits remain
Even in the case of cash loans, there are companies that do not check the Central Register of Debtors, NRRI, BNKI and BONUS. They require only legal age and permanent residence in the Czech Republic, looking into the distraint register and insolvency register. They do not require nonsensical income in the amount of 20 000 crowns per month, usually a permanent income is sufficient, it can easily be a pension or financial support in maternity. For more benefits of cash loans, read about the benefits of cash loans.