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5 ways to find the perfect loan

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May 31, 2017 Choosing the right loan is a very difficult task. Especially now, when the non-banking sector is full of offers from various lenders, it is difficult for us to make the final choice. However, choose this one, but choose the other well. How can you find the perfect offer that will help us stabilize our financial situation and not lead to problems? There are at least several solutions that will help us search for the most attractive proposals. Find the right tool for you and choose a loan offer tailored to your needs and possibilities today. 

Check the rankings of payday loans and installment loans

Check the rankings of payday loans and installment loans

How do you look for non-bank loans? The solution most often trusted by borrowers are payday loan rankings and installment loan rankings – we should start looking for attractive loan offers from them. The rankings are lists that are created each month by loan portals that deal with advising clients of companies. In the rankings we will find lenders who present the best options in a given month. Experts compare products not only in terms of the amount of the maximum commitment, but above all they look at them through the prism of additional costs, such as commissions, interest, APRC. We can be sure that the loan companies that will be included in the monthly list of portals are legal companies with appropriate permits, presenting a high standard of borrowing. In the event that we decide on one of these companies, we no longer need to thoroughly verify its credibility.

Use an irreplaceable loan comparison tool

Use an irreplaceable loan comparison tool

A loan comparison tool is a very clever and efficient tool that will definitely come in handy when choosing the right commitment. The concept of comparison should not be foreign to any of us, because for several years this solution has been popular not only in the loan sector. Comparison tools are used, for example, in travel agencies, where we often have to select offers. Prices of electronic equipment or other accessories will also first be checked using a comparison tool, which will show us the cost of the item in all stores in a few seconds. Equally popular are flight comparison engines, whose task is to find an attractive flight. It is no different in the case of non-bank loans. All you need to do is enter the commitment parameters we are interested in and the comparison engine will show us the companies that will give us the most attractive offer in a few seconds.

Use intermediaries between the borrower and the lender

Use intermediaries between the borrower and the lender

Recently, websites have become very popular, whose task is to mediate between borrowers and lenders. What exactly is this about? Such a website only deals with collecting information about us and creating a customer profile. As part of intermediary services, we submit a request for an obligation of interest to us, and the intermediary sends it to all service providers cooperating with it. At this stage, the role of the intermediary ends, and a specific non-bank institution contacts us, which has the option of offering us a loan. This solution is very modern and pro-consumer. We don’t have to waste time visiting websites of several lenders. All you have to do is submit your application in one place and it will reach many companies. Of course, the use of intermediary services is completely free and certainly will not incur any costs. It is also worth noting that submitting the application is not tantamount to being forced to take out a loan – the portals have an informative function and with their help we can simply find out what the lender has to offer. Check what data you need to apply for a loan.

Take advantage of the experience of others and take a loan with the recommendation

Take advantage of the experience of others and take a loan with the recommendation

For those of us who do not trust modern methods of seeking financial support, the ideal solution will turn out to be the old and well-known solution, i.e. a loan by recommendation. Borrowing these days is a natural and common occurrence. Few people, especially young people, can manage their budget so efficiently that they don’t have financial problems. If we have friends or a family member who knows the rules of responsible online lending and has already used the support of loan companies more than once, let’s ask him which financial institution he is using. Since he has borrowed and we have not heard from him complaints about the service provider, we can safely try to get a commitment from the same loan company. Of course, our needs are not the same, but fortunately non-bank loans are fully tailored to the client. We choose the amount and repayment period. With this method, we can also save some time, because we no longer need to control the lender.

Watch ads from loan companies

Watch ads from loan companies

Although many people do not like advertising, in a situation where we intend to take out a non-bank loan online, it is worth paying attention to those that advertise the financial product we are interested in. Advertising contracts with television are signed only by loan companies that have a strengthened position in the non-banking sector. If a given lender is advertised in such a commercial way, we can be sure of its credibility. Non-bank institutions usually do not advertise themselves, but their offers, so we must carefully listen to the explanation of the loan. However, with commercials, especially TV ones, we must be careful and check their terms and conditions on the company’s website. Advertising often lasts only tens of seconds, and in such a short screen time it is difficult to catch the extremely important details of the offer. So let’s check carefully what a given lender can offer us.