What do customers pay most attention to when they want to get cash loans from private companies? There are three such factors. The speed of granting the loan, the highest loan amount, as well as a sense of security and trust in such a company. All three companies that intend to enter the market should focus most on these three areas. One of the news that we have been dealing with in this industry for several months is the possibility of obtaining a loan for sms .
This is an innovative solution that has not had its equivalent so far. Until now, to get a cash loan, you had to complete an application on the website. Then such a conclusion was analyzed by the company’s employees and was examined there. The final credit decision depended on them, i.e. whether the loan was granted or not. The same procedure was repeated every time the same client wanted to take another loan. For many people it was exhausting.
Although credit applications are completed quickly, the need to send a verification transfer and waiting for a credit decision could take a lot of valuable time. Especially if the application was submitted on Friday evening and the answer had to wait until Monday midday. The solution to this worry were SMS loans. What does this mechanism consist of and how does such loans take place?
What do you need to do to get an SMS loan?
To be able to quickly apply for a loan by sending an SMS, you will need to find a company that offers revolving loans. This is a special type of loan that is permanently granted to customers. Of course, the first time you will need to send a loan application. If it is granted and paid back in time, the loan company may consider you a trustworthy customer. Then he will give you a financial limit, within which you will be able to borrow any amount of money – with one mouse click or just sending an SMS. Then there is no need to complete and verify applications, as well as waiting for a credit decision.
Once you decide that you need the money, you will be able to send a short SMS to the phone number provided. In the content of such a message you will have to enter the amount of the loan you are interested in, as well as your ID so that the loan company can know who the money may be needed and to which bank account it should be sent. In what maximum amount can SMS loans be granted? It depends on the company’s policy – not everyone decides to make the maximum amount of their loans available in this way. Depending on the company, a sms loan can be granted up to $ 500, 1,000 or more. It is worth paying attention to this detail when you choose the company with which you want to cooperate.
In what situations are SMS loans useful
Do we actually need such loans? It depends on the particular case. People who have savings will probably find that such quick loans for sms are not needed for anything. Simply put, when they need money, they reach for savings and choose the expected amount from them. Unfortunately, there is a whole group of people in Poland who don’t have any savings. They live from pay to pay with only the money they earn in a month’s work. For them, every unexpected expense is a serious challenge, which forces them to make financial loan decisions.
Especially dangerous and demanding are situations when money needs to be organized quickly. From day to day or from hour to hour. When you can’t borrow money from your family or go to banks, the only available alternative is SMS loans. They allow you to get the necessary amount of money even within a dozen or so minutes. And regardless of the place where we are located. It is easy to imagine such a situation that a child who you sent to a holiday camp calls you. He tells you that he has run out of money and asks you to send him several hundred zlotys. If you are at home, at the computer, you will calmly start looking for the best ways to solve this problem. It looks a little different when you’re traveling or away from home.
What can you do then? Your options for action are very limited. All you have to do is reach for the best methods and ways to borrow money. By sending an SMS with a request for a loan, you give yourself the opportunity to solve the problem quickly and without stress. The money will quickly appear on your account, from where you can then top up your child’s payment card. The whole operation will not take you more than 15 minutes. And the best thing about all this is that SMS loans work not only on business days and during business hours.
A quick checkout with an SMS loan is available 24 hours a day, 7 days a week. The money will be on your account within a few minutes of sending an SMS. A condition for this is having an account with one of the largest banks operating in Poland. Loan companies have accounts at the same banks. By lending you their money from them, transfers have the status of the same bank, therefore they are carried out in real time. This is a very great convenience that should be used in an emergency, when speed plays the most important role.
You don’t have to be afraid of SMS loans
And what does the security matter look like when it comes to SMS loans? Is there a risk that someone without your knowledge can borrow money and use it for their own purposes? Of course, this threat occurs with all financial instruments offered by all banking and non-banking institutions. You should, however, if you follow the basic principles of security, you can be calm about this type of thing. First of all, you need to activate the screen security option on your phone.
If someone steals your phone, you should not be able to use it. To do this, activate the screen lock. Secondly, you should not store saved information on your phone that can be used to obtain such a loan. First of all, delete previously sent sms with the content responsible for granting the loan. Also, do not have IDs and passwords saved. The same applies to logging into the banking application. Under no circumstances should you use the function of saving the password and login in the device’s memory.
Although this is a very convenient solution, it can still lead to the theft of money from your account. A strong and difficult to crack password for electronic banking is also important. It should be a strong, non-obvious password and one that we can remember without having to write it on a piece of paper. If we remember these rules, you can sleep peacefully and without worrying about the fact that someone will accidentally take out a loan for you by SMS and then withdraw it from your account, leaving you with debt to pay. For this reason, some companies apply maximum limits on which SMS loans can be granted. In the event of the theft of customer data from his phone, possible financial losses are limited to amounts that will not be too much of a burden on the household budget.
What you need to do to make SMS loans available to you
That’s right – you like the idea of borrowing money quickly with one text message sent. Would you like to provide yourself with such a sense of security so that in case of an emergency you can count on getting financial help without asking anyone? It turns out much easier than you think. Assuming that you meet all the requirements set by loan companies, i.e. you are a Polish citizen and you are of legal age, you will need to have several cash loans repaid on time. In some companies, you only need one loan, while others may require two, three or even five.
Sometimes it is also the case that you can take out SMS loans from the first loan repaid, but their value will increase with each subsequent repayment. As you can see, there are many mechanisms for granting and operating such loans, but their most important idea is always the same. They are to be very easily accessible and everyone should be able to use them. So if you also feel that you may have financial problems in a while, now look for a company that will be able to grant you such a loan.
And how is the loan repayment done?
Any financial liability should be repaid by you on time. Only then will you comply with the terms of the contract. Furthermore? You must remember to pay back the principal and interest when repaying the loan. The repayment is made to the bank account specified in the loan agreement. Note – this is not always the same account from which the loan was granted to you. Pay attention to this, carefully comparing both invoice numbers. Some loan companies may also grant sms loans with additional options. What?
For example, with the option of spreading the debt into installments as well as extending the loan repayment date. The latter option requires a slightly broader description. Imagine that your loan repayment should take place on the 20th day of the month. However, for some reason you will receive a salary payment a few days later – for example, on the 25th day. You can ignore this fact without worrying about it and repay the loan 5 days later. However, this will involve the accrual of penal interest, as well as exposure to a lack of confidence on the part of the company. In the future, she will be able to refuse you a loan, precisely because of the lack of timeliness in paying off the debt. Rather no one would like to get it. So what can you do? In such cases, we use the option of a paid loan extension. It can be done for 7 days or multiple times, for an additional fee. It is always lower than the amount of penalty interest, so for this reason it is worth using it.