Non-bank loans are distinguished by simplified lending procedures and minimum requirements for clients. Thanks to this, such offers can be used by people who have no chance of a loan in a bank or have debt on their account. Instant check-up without verification is quick and simple, but is it safe? When submitting an online application, a non-banking company cannot verify the borrower in person, which is why he verifies the data using other methods that prevent unauthorized persons from taking out the loan.
Verification by bank transfer
People who apply for a loan most often come across a verification method that involves paying a symbolic payment to the lender’s account. This is the easiest way to check if the customer submitting the application is also the owner of the bank account to which the cash will be transferred and which will be charged the repayment of the loan. Verification by bank transfer can be a problem if your account’s debit prevents it from finalizing. In this way, many clients would be excluded from financial support, which is why new payday loans offer different verification methods. The special Kontomatik application checks the correctness of data using electronic banking. All you have to do is log in to the bank’s website to confirm the data, then verification of 1 penny is no longer required.
Although online loans are currently the most popular, some offers can be taken over the phone. Usually, this option is used by older people who are not computer literate or customers preferring traditional forms of contact. Phone verification involves talking to a consultant who will check the details and ask for the loan details. This method does not require additional verification of the bank account , but not all companies use this form of checking clients. The advantage of telephone contact is that regardless of whether you live in Szczecin, Wrocław, Poznań or Gdańsk, you can take advantage of the offers of companies from all over the country.
Verification in databases
The biggest obstacle to getting a loan is unpaid debt. The standard procedure at the bank is checking the credit history , based on which the decision to grant the loan is issued. Untimely repayment is a reason for refusal, however, the latest payday loans are slightly more gentle on clients’ financial standing . Verification in databases is both a security for a loan company and a client. A person applying for a high amount who has additional repayment obligations on their account can easily fall into a spiral of debt. In this situation, companies propose lower payday loans with the possibility of spreading them into installments so that they do not constitute a drastic burden on the household budget. It is worth remembering that BIK also has positive information that can help in obtaining a larger loan amount and improve creditworthiness. For this reason, customers without an entry in the BIK who have no credit history may also be unreliable, as it is difficult to verify their financial capabilities.
Online payday loan without verification – who is the best solution for?
Customer verification is necessary to prevent you from taking out a loan for your data. To facilitate customers, non-bank companies offer various verification methods that are most convenient for the borrower. Offers without checking the databases are the best solution for those in debt and those who do not have a credit history yet. However, you must remember to take out loan amounts that will be able to be repaid on time. The instant payday loan without verification is easily available, which can lead to a spiral of indebtedness in the event of unreasonably incurring additional payday loans when you have not yet settled your previous liability.