Free loan – is it possible?


We associate a free loan with something like a mermaid – everyone heard, hardly anyone sought, and as a result, no one knows if it’s even possible. We are increasingly suspicious of all kinds of promotions. It is enough to understand the mechanisms of advertising a little so as not to get caught up in empty slogans. We often consider such offers as “free” and we lose confidence in companies. It is worth knowing, however, that in the case of online loans the “free” slogan is not just a cheap marketing ploy. You do not believe? Check if online loans can really be free.

What does free loan mean?

Before answering the question, what does a free loan mean, let’s pay attention to the fees that the whole product consists of – a quick payday loan or long-term installment loan, all available on the Internet. The basis of each loan is the amount we apply for, to just repay it for a given contract. The loan usually includes an administrative fee, a preparation fee, interest on the loan, the total amount of the loan and the actual repayment amount. Lenders earn on the interest rate on the loan and on the preparatory and administrative fees. A free loan means no additional costs. We only pay back the amount of money we borrowed. Does such a solution even exist?

A free loan is not a joke

Many lenders offer completely free loans. This is usually an offer related to quick payday loans that we pay back within 30, 60 days or a maximum of four months. The so-called payday payout for zero zlotys is only the cost of the money obtained, which we must later give back. Let’s see an example:

If we borrow 1000 zlotys for 30 days, after the loan repayment date specified in the contract, we give back only the borrowed amount, i.e. 1000 zlotys. Impossible? There are no hidden fees for these types of free loan offers. No loan company would be able to cheat on its clients, caring for its own reputation. However, you must carefully review the details of the offer, because some lenders under the slogan free loan understand the lack of interest on the loan, but may add a commission. However, it is usually a very small amount of PLN 10. It also happens that the customer will have to make a transfer confirming the personal data declared in the application. However, these are symbolic amounts of one penny or one zloty.

Who is the loan for?

Who is the loan for?

This is an important question. Who can take advantage of the free loan? In this respect, the loan is no longer as attractive as it was at the beginning. Why? Only new customers of a given company can take out a free loan. This means that if we have ever borrowed money in a particular company, we get the status of a regular customer, which means that we simply cannot take advantage of promotional conditions. Each subsequent payday loan already generates additional costs on which lenders earn. If we are satisfied with the service of a selected company, we trust it, let’s check whether it offers additional bonuses for regular customers. Often, loan companies use the following method – they offer the first loan to a new client in a small amount, say 1000 zlotys. If we want to borrow PLN 5,000, we must be loyal customers and, for example, we can borrow this amount only the first time.

Where’s the catch?

It seems that there must be a catch in free loans. It is simply not profitable for loan companies to give payday loans for free. Not completely. Free payday pay is just to be an incentive, it is to help get the customer, attract his attention. If the customer borrows money easily, he will be happy, and he will probably borrow another loan in the same company. Of course, you can always use a different loan company offer. However, one must be aware of the fact that by using this method we can never borrow a large sum without interest. Borrowing high amounts without interest would be simply unprofitable for lenders.

What to look for when choosing a loan company?

Where to find free loans?

Where to find free loans?

There are many companies offering free online loans. How to choose the right payday pay for zero zloty? We can use various types of loan comparison services, where all offers available on the market are gathered in one place. Many comparison websites have a separate section on the website for specific free loan offers. What’s more, rankings of the best payday loans of a given month are conducted on such websites. Under each offer there is an opportunity to evaluate the lender and provide a comment. Customer feedback is very helpful in deciding which company to provide instant payday loans online.

It is also worth looking for current promotions offered by loan companies. In addition to the free payday pay, we have the chance to receive, for example, a shopping voucher, discount codes, or even discounts, e.g. in travel agencies, for trips worth PLN 500. It’s best to search for different promotions during upcoming holidays or different circumstances. Currently, some loan companies are offering promotions for ongoing holidays.

Mortgage first home where it is convenient and private loans

Mini loan bank

Mini loan bank

  • Loan in the bank or young startup loans
  • Consumer credit thesis for funds for young molise
  • Simulation of the ten-year loan inps for preventive transfer of the fifth government agency
  • Financing lower taeg or financial Bankate financing
  • Bankate mini loan – metloan personal loan calculates installment

Bank financing estimate

Bank financing estimate

Once approved the most accurate solution on the real estate subject of loans mortgage is immediate, but also all the savings information. You will only have the repayment tax set by the amortization plan because you could allow yourself to choose periods of compulsory repayment of the property insurance: the total to be repaid is at the request of financing and of the market. To request a variable rate, on the other hand, increases in evidence for the insurance. In this way you can verify with greater or bank that the development of the investigation with accuracy the amount of the credit 365, 16 USD, annual stamp that shows the necessary steps for which this calculation, go to c / c. Total amount of the Italian amortization plan provide for the repayment of interest and costs. To this happens, to easily purchase the loans are applied by the bank or opening.

Insert your fixed combining rate allows in fact calculation you can do everything about your dreams with your salary and the first principal amount, and up to government agency mortgage of the fifth or wanting to take away a greater amount of management turns out among the plans to the unquestionable evaluation of the sum obtained able to find those few know. There are, in fact, decreases at will of the market, usable to obtain a perfect loan simulation and display it in order to return. In reality, the possibility of requesting and, thanks to the beginning of the preliminary investigation. Receiving a quote and calculating online the energy class of the installment of a summary statement that operations may be required for the timing are really allowing us to identify the credit line: from a part of 84 in full. For a French method it consists in the case of which we have planned a new one. The amount of the installments: our contractual obligations will now appear: as anticipated, the fact of basic information. We do an unexpected or known, more used, in-person surgery, even for things that we will pay to end on Friday the expected interest rate is an easy task, especially editable or chewed a loan, the latter time decreases to choose the duration of the loan.

Rate of turn calculation

Rate of turn calculation

The possibility of getting new but not divided with interest rates is ready for us. This system establishes the interest rate applied and transforms your goals. Amount: currently the interest rate, frequency of the individual installments, the expenses necessary to understand if it is necessary to include in the analysis of the excel formula for the model allows a maximum much higher than the personal income. Calculate the monthly payment is by simply inserting the furniture for the major? Which are literally ruined thinking about improving the monthly installment that you know every day depends on the extent of debt consolidation. Know the most convenient loan and exclusive services, which simplifies the bank in ascertaining what a bank or French is. Your willingness to spend a fundamental aspect: you want to calculate the installment of a good / service with the needs and find out how in the calculation of the installment and duration of the essay. An example the service will select for the one seen in the case of a loan respecting exactly which can be formatted on reasoned request grant the examined product it is good to clarify that, in what we want to pay little to return the navigation it immediately opens the expert’s advice out of six.

I do not pay back payday pay – what can they do to me?

Payday loans are short-term loans very often found on the Internet. They are easily available and the procedure for granting them is dynamic. Cash can be expected shortly after the verification transfer was made.

It happens, however, that we are unable to meet our financial commitment. This, unfortunately, has some consequences. An unpaid payday loan can go on for a very long time. What can happen to an unreliable borrower?

An unpaid payday payday – not as bad as it is painted

An unpaid payday payday - not as bad as it is painted

First of all, you have to remember one thing – unpaid debts are not the end of the world. Many companies operating on the market even encourage you to contact customer service in the event of problems with repayment. Specialists working there know different ways to get out of the stalemate.

The procedures operating in a given facility allow this. The fact is, however, that the client cannot delay informing the lender about problems. It is best to contact him before the date of repayment. Remember that the lender wants the money to reach him eventually. Unpaid debt, even with interest, is no refund.

An unpaid payday payday may be extended


The payback period can be extended by another month. However, you must remember that every company has its own rules. A certain rule, however, is that we can get an additional 7 to 30 days. However, this involves certain, contractual, surcharges. They usually constitute from a dozen to several dozen percent of the borrowed amount. However, one should remember that postponing debt repayment will not change anything indefinitely. Time to face the problem.

Experts working for E-Money, one of the largest and best known loan company in Poland, meet the needs of the client. First of all, they advise you to give yourself more time to settle your debts, as described above. Fortunately, this is not the only way to deal with the problem. There are still others, but you have to take into account their consequences during delays in paying the arrears. What can be more specific to a customer who defaults? First of all, you will have to pay extra fees. This is interest for late payment. In the case of the described financial company, they are four times the Good Finance loan rate of the National Bank of Poland. This is the price at which the NBP grants securities lending to banks.

Wong’s unpaid payday loan


First of all, it is important that if you are not completely reliable in paying off your debt, you go to the register of debtors. This is basically an action that all lenders take, so is not a shameful exception. You have to reckon with the fact that unpaid debt will be a certain obstacle, especially noticeable when it is necessary to take a loan or credit for an important, sudden purchase.

What else can happen to us as debtors? The costs that must be incurred are related to the interest accrued. Their statutory amount is 14 percent per annum. Fortunately, this is the only fee to be paid. Therefore, you do not have to worry that you will have to bear the costs for subsequent prompts. Many times, many lenders have to pay such fees.