When browsing ads from non-bank companies, you often come across offers that guarantee a loan in 15 minutes. Fast transfer of money to the account for many people is the main criterion for choosing a specific loan. Shortening the credit time to a minimum is a great help, but is it really real to get cash in a quarter without leaving your home?
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Everyone who has applied for a bank loan at least once knows how much formalities you have to meet to receive money. Completing complicated applications, providing documents confirming employment status and waiting for a decision are just some of the stages the borrower has to face. All this means that you have to wait several weeks for the loan to be granted, which in many cases can be a big problem. Payday loans direct lenders even for those who have bad credit offered by Bridge Payday are distinguished by significantly simplified procedures. Thanks to limiting formalities to a minimum, money is transferred to the account immediately after issuing a positive decision on granting the loan.
Payday loan in a quarter and formalities
Each company sets itself the conditions under which it grants loans. In most cases, they overlap, so it’s much easier to compare different offers with respect to the required formalities. First of all, the loan in 15 minutes is granted to adults of Polish citizenship and living in the country. Loan companies have set a minimum age criterion of 20 years, although payday loans can be found in 15 minutes from 18 years. This is to limit access to financial products for young people who do not yet have a stable financial position and often unreasonably approach money management. Among the required formalities one should also mention the need to have an active phone number and personal bank account to which the transfer will be made.
A loan in 15 minutes step by step
The speed of receiving money is affected not only by minimal formalities but also by a simple loan procedure. All stages of granting a loan are limited to online activities, so you don’t even have to leave the house to get a loan. New customers who have decided for the first time to take payday loans in 15 minutes online must first set up their personal profile on the lender’s website. To do this, complete the short form with your details to be able to submit the correct loan application. An important step is to determine the amount of funding, repayment date and loan term in the case of installment loans. The condition for receiving the loan is also a positive passing of identity verification to confirm the compliance of the data from the attached application.
Cash in 15 minutes on account only after verification
Identity verification is one of the most important stages that determine the granting of a loan. Its purpose is to check whether the data given in the application coincides with the one on which the bank account is established. Thanks to this, the risk of swindling quick payday loans and data is virtually impossible, which guarantees the safety of customers. The verification process is simplified to a minimum, and at the same time effective, therefore it does not affect the time of receipt of money. The borrower can confirm his identity by making a transfer from his account or by logging into electronic banking. The second method is faster because you don’t have to wait for the transfer to be booked, so you should consider it if you care about the time.
What affects the time to receive payday pay?
Loan companies are doing everything to enable clients to receive payday loans in a quarter of an hour. However, some delays cannot be affected because a lot depends on interbank sessions. If you have applied for payday loans in 15 minutes online and you have chosen a transfer as the verification method, you have to take into account that it can only be booked the next day. The same situation can happen with a loan transfer. When applying for payday pay attention, please check whether your bank account coincides with the one of the non-banking company. Usually, lenders provide clients with several variants of banks to enable the matching of a bank account, which significantly reduces the time of money transfer.
A loan in 15 minutes not only via the Internet
The time of receiving the money is affected not only by the compliance of the banks but also by the speed of processing applications. Loan companies verify application forms on a regular basis, but sometimes you have to wait for feedback. It should also be remembered that loan applications can be submitted 24/7, but they are not processed until the office hours. A solution that can reduce the time to receive money is a phone loan in 15 minutes. Then the whole loan procedure is limited to talking to the consultant and you do not have to wait for the decision to be issued, because all formalities are done by phone. This method is available only to customers who once again use the services of the company and have a correctly completed personal profile.
How long does it take to get a loan?
The time it takes to apply for money depends on many factors. First of all, interbank sessions are of great importance. Cash in the account in 15 minutes is possible if there is compliance of the banks and the application was submitted during the working hours of the loan office. Also, loans granted by phone may shorten the time limit for granting payday loans, provided that all formal conditions set by the loan company are met. The borrower himself also has an impact on the speed of receipt of money, because an incorrectly completed application and the need to amend it entails the extension of the entire loan procedure. A loan in 15 minutes is possible, but you should take into account situations that may affect the delay in receiving money.