Monthly Archive: April 2019

A loan from a family or from a loan company?

 

We can borrow money not only from the bank. We can also take advantage of offers from loan companies or simply ask for help from our relatives – parents, siblings and parents-in-law. What is it worth deciding when we need extra cash ?

A good loan does not have to cost us a lot. However, it is worth taking the time to find one that will also be comfortable for us. Often, it seems to us that the best solution is a loan from someone in the family – we do not have to pay any costs as in the case of ordinary loan offers. On the other hand, not everyone in our family has the money to borrow money or simply they may not have the amount we need.

A loan from a family – what is worth remembering about?

A loan from a family - what is worth remembering about?

When someone from the family can borrow money, in this case it is worth making a contract. In the case of an amount from PLN 500 and up, it is indicated. Such a contract then secures each of the parties to the transaction. We can download the contract template without any problems from the Internet, print it and fill it. Two copies should be prepared.

However, we must remember that loans in the immediate family may be connected with the need to pay tax! Loans among the closest family, that is when the spouse, children, grandchildren, parents, grandparents, siblings, parents-in-law, take them, we must notify the tax office.

When we borrowed less than PLN 9,637 from one person in 5 years, we do not have to report it anywhere and we do not pay tax on it. Higher loans must be reported to the tax office and properly documented, because otherwise we will have to pay a considerable tax!

Or maybe a loan from a loan company?

If the loan from the family is not an option, in this case we have nothing else to do but to go to a bank or loan company. We should remember that banks have higher requirements, while in non-bank companies it will be easier to borrow – especially for smaller amounts. We can also receive such loans via the internet.

Loans from loan companies are available at your fingertips – we do not even have to provide documents confirming our income to get the sum we need. Of course, a lot depends on how much you want to borrow. When this is a larger amount, the best will be the installment loan, for which we can go to the loan company stationary or we can apply for it online, that is, we can arrange everything from our home.

The advantage of borrowing from the company is the lack of need to involve the whole family. Many of us certainly know that loans from loved ones may be easy to get, but then they can cause a lot of family tensions. In addition, the borrower may feel indebted to the lender not only financially but also morally. If we do not want to become addicted in this way from another person, simply choose a cash loan from the loan company. We will pay more for it, but we will not have to ask for money from someone close to you, which can also be embarrassing.

 

Loan information – check out

 

 

How do loans work?

The process is 100% online and you have to perform the following steps:

  1. Send your request from here by completing the fields of how much money you need and the term you want to pay it.
  2. Complete the following information: Step 1: Personal information, Step 2: address, work information and bank details
  3. You will receive information on the different credit options available to you.
  4. The credit company will inform you if it approves or denies your loan after reviewing your application.
  5. You receive the loan in your bank account on the same day.

What requirements do I have to meet to approve my loan?

All the loan companies with which works require you to meet a minimum of requirements to qualify for a loan:

  • Being over 18 years.
  • Have Mexican nationality.
  • A bank account of its own.

Additionally, each loan company may ask you to comply with another requirement.

How much money and how long can I get ?

How much money and how long can I get ?

Providers offers short-term online loans of between $ 500 and $ 6000 through its platform.

The deadlines for its return range from 7 to 30 days.

Do you charge me any commission for this service?

Providers does not charge you commissions, it puts in contact people who need a personal credit with lenders. There are no hidden fees or membership fees.

Can I get a loan without interest?

Some of the companies that lend on the platform offer 0% interest on your first loan.

How long does it take to approve a loan?

Once you complete and submit your request, you will receive a response in less than a minute you will be redirected to the website of said lender.

If you accept all the terms and conditions of the lender, then you can sign the contract. Once your application has been approved, and you have accepted the terms of the lender, the loan money will be transferred to your bank account.

How long does it take to deposit the money?

How long does it take to deposit the money?

When a request is approved by a lender, you receive the money from your loan during the next business day.