Monthly Archives: March 2019

Payday Loan by SMS – what is it and how to get it?

 

What is a sms payday loan and what are its differences from an online payday loan?

An SMS payday loan is a type of microfinance whereby a borrower can issue and receive a payday loan obligation by sending an SMS message to the number of the selected that provides such a service.

It is worth noting that a payday loan issued by sending SMS messages to an number has its own characteristics that differ from the traditional online payday loan:

  • The amount of the payday loan obligation is usually from 1 to 15 thousand rubles . Of course, the size of the payday loan may be a little more – up to 20 thousand – it all depends on the chosen . Making the same payday loan on the site, money in debt can be obtained in the amount of up to 100 thousand rubles, which greatly exceeds the size of the SMS payday loan;
  • a short period of granting a payday loan commitment, most often from a few days to a month . When you make a payday loan online, you can borrow money for a longer time – up to four months. There is a possibility of a long-term payday loan or payday loan for a year , if you pre-negotiate with the staff of the service individual repayment terms;
  • quite high interest rate – 2% per day . This percentage is quite understandable: the bears a big risk by providing a payday loan by SMS. When making a payday loan commitment online, the rate may be less – there is a chance to use the loyalty program for regular customers. But, if you take into account the short term and a small amount of microlending for an SMS payday loan, the interest rate should not hit the borrower’s pocket so much.

SMS payday loans and payday loans online do not have differences: it is possible to receive money around the clock, without the help of a guarantee , the provision of collateral or certificates of employment .

Payday loan by SMS: requirements for the borrower

To apply for an SMS payday loan, a borrower needs to meet certain requirements, namely:

– be an adult citizen of the Federation, as well as have registration in the territory of the Russian Federation ; – have a personal account on the website of the selected and issued online and timely repaid the payday loan there. This is necessary due to the fact that SMS payday loans do not involve the provision of personal information, as well as scrupulous verification of the borrower – after approval of the application, the money can be received after 5-10 minutes, but only to permanent borrowers.

Please note that the number from which you plan to issue an SMS payday loan should be actively used for at least six months and be indicated in your personal account on the website. Otherwise, a payday loan will not be possible.

How to take an sms payday loan?

How to take an sms payday loan?

To make a payday loan by SMS, you must:

  1. Choose a reliable microfinance organization that can provide an SMS payday loan. One of these are:
  2. Send an SMS message to the number of the , where you need to specify the amount of the payday loan and the terms of its return through a space. In the event that the requested amount of money in debt and the repayment time correspond to the conditions of the site, the will send an SMS with the methods for obtaining it, for example:

– to a bank account

– to an electronic wallet,

– a payday loan to a card , the number of which must be specified in your personal account in advance;

– payday loan through the Contact system or other payment systems in cash.

When applying for a payday loan by SMS, the can offer an arbitrary amount and duration of the term of microcredit, which the client will need to confirm or reject with the help of the same SMS.

3. The next step the borrower should choose the option of receiving money and send it in reverse SMS.

4. After checking the borrower in case of approval of the application, the will send an SMS with a code for entering into a payday loan agreement. This code must be sent back to the borrower – as a sign of confirmation from his side. After all actions, the client will receive a transfer number and be able to receive the required amount.

Payday loan by SMS: how to repay?

It is possible to return the SMS payday loan in several, quite familiar ways, for example:

If there is no opportunity to repay the payday loan on time, it is best to issue a payday loan extension, which will help protect the borrower from damage to his credit rating and credit history. This can be done in your account by paying only interest for the use of the payday loan.

SMS payday loan: Pros and Cons

The payday loan, issued by SMS, has several advantages over the traditional online method, including:

– no need to access the network, which is very convenient: it is not always possible to catch a fast Internet connection, but the mobile phone is always at hand;

– speed of receipt of money – carefully check the borrower in advance, when making the first payday loan online.

The disadvantages include a rather high interest rate, a short payday loan issuance period, a low limit on the amount of money, and the fact that the mobile number must be registered and active for at least six months. But, in the case when there is no desire, time and Internet connection to fill out an application for a payday loan online, this type of microcredit, along with a home payday loan , will be an excellent and quick way out of an emergency financial need.

The Payday Loans: Know Benefits and Apply Now

 

A payday loan means financing for private individuals or traders with a small to medium loan amount.

A payday loan means financing for private individuals or traders with a small to medium loan amount.

Up to what amount a financing is considered as small loan differs from the definitions of the banks. The upper limit here is usually at a total of 5,000 euros. A payday loan can already be taken from starting at 1,000 euros.

The most common loans in the small loan sector are small loans for 1,000 euros as well as 1,500 euros and 2,000 euros. The purpose of a small loan (also called mini-credit) is basically free. Whenever money is needed, either because one’s own funds are insufficient or because the savings should remain untouched, micro-credit plays an important role.

The small loan is often an emergency solution for short-term payments or temporary bottlenecks. Especially if you have an entry at the Schufa, it is worth taking a look at the possibilities that offers you.

We offers small loans not only for employees or civil servants, but also for the self-employed, trainees, students and retirees. Under certain conditions, a small loan for low-income earners is possible. Feel free to contact our customer service.

The advice is as free and non-binding as the use of the loan calculator. Find and apply via your small loan online, quickly and easily.

Your advantages are obvious:

Your advantages are obvious:

  • Presentation of the loan directly on the computer, on the smartphone or tablet PC
  • No fees before the payment is made
  • No waiting for a personal appointment with the bank

The advantage of borrowing is that you do not have to leave the house and that you do not have to justify yourself to a bank accountant about your future and your finances. Even if your loan application is rejected, you do not have to look anyone in the eye and endure this unpleasant conversation. Online is an alternative to traditional banks. As a credit intermediary, the platform supports borrowers with their projects and investors with their investments.

Sometimes there are good reasons to take out a small loan or an installment loan. These include unplanned expenses, such as a surprisingly high utility bill or the replacement of an important household appliance. Even unpredictable repairs, major purchases or a move are reasons to take out a loan. In many cases, an installment loan can even be very economical. And that’s when a major investment such as the purchase of a kitchen is planned. As a cash payer, there is often the opportunity to negotiate a substantial discount and to make the investment immediately.