Payday loans: how to find them
The purchase of a motorcycle, the financing of an entrepreneurial project, a sudden expense, the need to help a child. There are many reasons why you can apply for payday loans with amounts even greater than 10 thousand USD.
Depending on the desired sum, the application must be submitted directly online or it will be possible to submit the request online. Clearly, the application must be submitted personally to the branch for loans with a significant amount. Banks and financial companies require a direct comparison with the applicant before granting 20 or 30 thousand USD.
While online applications are sufficient for loans of a relatively low amount (5-7 thousand USD). Of course, the application must be accompanied by all the expected income documentation. Normally the bank’s reply is communicated within 24-48 hours.
The best personal finance deals
But how to find the most convenient payday loans ? The easiest way is to resort to online comparators. These are websites that allow the comparison of various financial products, offered by banks and financial companies.
Operation is very simple: just enter the conditions of the loan you wish to apply for in the application form. The system automatically proposes all products that meet the indicated criteria.
The factors to consider to identify the most advantageous payday loans are Tan and Taeg. The first is the nominal annual rate and represents the pure interest applied to the loan. The annual percentage rate of charge (Taeg) indicates the total cost of the loan, expressed as a percentage value.
To identify the most advantageous personal financing offers of the moment, we hypothesized, using a comparator, a 5 thousand USD loan request with repayment in 60 months.
Under these conditions, the most advantageous product is a loan from ConTe.it, which provides for Tan and Taeg fixed at 4.67% and 6.54% respectively. Agos instead expects a Tan of 5.41 and a Taeg fixed at 6.65%.