Personal payday loans with or without connections What is the best option?

The granting of personal payday loans to consumers seems to grow again. After the “closing of the tap” credit in previous years, the economic recovery has caused banks to relax the acceptance requirements, lower interest rates and launch a war of credits to offer the best offers in credits , but Do the new personal payday loans come with conditions?

 

Bindings in personal payday loans are good or bad?

Bindings in personal payday loans are good or bad?

It depends . The linkages in personal payday loans involve more paperwork and, therefore, a longer concession time. In addition, many of these links have associated costs that do not appear in the APR and that, indirectly, make the price of the credits more expensive . However, there are cases in which linkages are a good alternative to get cheaper personal payday loans and are worth a longer concession time.

Lender Max. cost Bindings Cost linkages Contract
personal payday loan Open € 18,000
  • 9.76% APR
  • 11.97% without links
  • Direct Payroll 900 € (min)
  • Domicile 3 monthly receipts
  • Be the holder of an Open Payroll Account or an Operating Current Account
€ 0 Apply for

Links such as those of the Open personal payday loan are free, which allows us to save a percentage of the credit without other associated costs . However, other links such as contracting insurance or hiring with a minimum use of credit cards do have additional costs. In this case, if you offer us rebates in the interest for hiring these products we must calculate which of the two options will be cheaper .

3 personal payday loans without links

3 personal payday loans without links

If we want to save more paperwork or we do not want to change banks in order to access the financing we need, we can always find personal payday loans without links in the market . These are some of the unsecured loan alternatives:

Lender Max. cost Advantage Contract
Cofidis Project Credit € 15,000 From 5.06% APR
  • No commissions
  • Online application
  • Without changing bank
  • Optional hiring of a Payment Protection Insurance
Apply for
ING Orange Loan € 40,000 7.18% APR
  • No commissions
  • 100% online request
  • Pre-approval at the moment
  • Without links
Apply for
Cetelem personal payday loan € 30,000 7.18% APR
  • No commissions
  • Application through the Internet
  • Money available in 48 hours
  • Without changing bank
  • Optional hiring of a Payment Protection Insurance
Apply for

It is important to know that some personal payday loans offer linked products of optional hiring, that is to say, it is not necessary to acquire them to be able to access the money that we need, so it is essential to ask the entity always if it is obligatory links,

 

James Headley

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