All About Personal Payday Loan: Complete Guide
Personal Payday loan can be an option for you to achieve your goals and achieve your dreams. But for everything to work out, you have to choose the right credit for your pocket and profile.
Thinking about it, Good lender prepared this super complete guide on Personal Payday loan.
It has everything you need to know from the moment of researching loan types, understanding the difference between them, how to apply and even what to do after hiring or credit disapproval.
Check it out now and share it with your friends who need to understand more about this as well.
What is Personal Payday loan?
Personal Payday loan is a financial product offered by banks and financiers who lend money to the service taker (petitioner), with no need to prove their purpose.
This is a credit agreement between client and financial institution. The customer receives a previously agreed amount, plus interest. The amount must be returned within a specified period, by means of a signed contract.
The Personal Payday loan is the most practical solution for those who need money for any purpose. Most often, you are asked to resolve an emergency, clear debts, exit the credit card rotary or overdraft .
The moment you apply for a Personal Payday loan , a credit analysis will be done. The credit analysis will determine a positive or a negative answer.
Once you have your application approved, you will receive the full money. The installments must be paid monthly, according to agreement in the hiring.
APPLY FOR YOUR PERSONAL PAYDAY LOAN
What is the difference between Personal Payday loan and financing?
In Personal Payday loan, the approved loan can be used for any purpose. Example:
- bill payment;
- debt settlement;
- other objectives.
The financing, however, necessarily has a specific destination, such as:
- vehicle purchase;
- purchase of property.
What is the difference between Personal Payday and payroll loans?
While the Personal Payday loan is intended for consumers who have links with financial systems and their services, such as checking account or payroll , check, credit card, among others, the payroll loan has as target audience retirees, pensioners, employees of private companies and public servants.
The main difference between Personal Payday loan and payroll loan is the form of payment. In the payroll loan, the value of the installments is deducted from the payroll. In the case of retirees and pensioners, the value of the installments is discounted directly from the benefit, even before the money falls into the account.
Who can apply for a Personal Payday loan?
To apply for a Personal Payday loan , you must be 18 years or older and have an active CPF. In addition, it is necessary to present identity card (RG) within the validity (10 years from the date of issue) and CPF.
Proof of income and residency may also be required. See the list of documents for Personal Payday loan and which ones you need to have at hand .
How to apply for a Personal Payday loan?
To apply for your Personal Payday loan , you can submit a loan application in person at various banks and financial institutions or apply for a Personal Payday loan online .
In the Personal Payday loan online, the main advantage is that you can make the request over the internet anytime and from anywhere .
That’s because with only a single registration, your request is potentially forwarded to multiple financial institutions at the same time.