The free first loan a few years ago was as abstract as the thirty-degree heat in our country in the winter. Currently, the latter still does not happen, while the first loan is completely free we can already get. Indeed, it is becoming a standard for the vast majority of lenders, those from the non-bank sphere, of course. There is still nothing to count on for a free bank loan.
At first glance, it looks unbelievable and many people are prone to find some hooks. Well, one catch can be found, but more on that in a moment. When it comes to a free loan, it is a proposal addressed only to new clients of a given loan company. Theoretically, therefore, it is a one-time nature, but if we use the offer of the company X, then we can take advantage of a free loan from a competing company next time. All you have to do is search and there shouldn’t be any problems with that. The rankings presenting all lenders with a free loan offer are helpful. So how free is the first loan?For example, a loan for $ 1,000 requires you to donate $ 1,000 and not a penny more – simply no interest, commission or preparation fees.Completely, that is, we borrow a certain amount and we give exactly that.Where ‘ s the catch ? Whether the first free loan is really free is determined by compliance with the terms of the contract between the lender and the borrower. In particular, this obviously concerns the issue of the final repayment deadline. If repayment is to be made within 30 days, we cannot settle this financial liability on 31. I mean, in principle, we can, but then we will be charged the normal cost of the loan and it will cease to be free.In any case, the repayment schedule should always be followed, but in the case of a free first loan it is extremely important and even necessary if we want to use this option. we cannot settle this financial liability on 31. I mean, in principle, we can, but then we will be charged the normal cost of the loan and it will cease to be free. In any case, the repayment schedule should always be followed, but in the case of a free first loan it is extremely important and even necessary if we want to use this option. we cannot settle this financial liability on 31. I mean, in principle, we can, but then we will be charged the normal cost of the loan and it will cease to be free.In any case, the repayment schedule should always be followed, but in the case of a free first loan it is extremely important and even necessary if we want to use this option.
We can’t count on too much. Most lenders have a limit of $ 2,000, although there are proposals up to $ 3,000. However, you should be aware of the fairly short deadline for repayment. Most often it is only 30 days and only a few non-bank companies have decided to extend the repayment schedule to 60 days. Each extension, however, involves additional fees, so the loan automatically stops being free. Therefore, before sending a loan application, we should carefully look at our financial capabilities. If the chances of quick repayment are small, then it is difficult to find a sense of taking a free loan – or consider taking a smaller amount that is easier to pay back.
In principle, anyone who can show some income. It does not necessarily have to be a permanent employment contract, because sometimes lenders look a little more favorably at people supporting themselves, eg from benefits. While banks must comply with the provisions of the banking law, the non-banking sphere is more free in this matter. Therefore, the free first loan turns out to be available even to people living on:
Of course there is also an age requirement. More and more lenders are extending the offer of free loans to persons under 18 years of age. This is not the case, because young people, just entering adulthood, turn out to be a very significant group of borrowers. In any case, the loan can be granted to adults who have some income, are citizens of our country, have a personal bank account and a contact telephone number. Some non-bank companies also check the BIK database, but even a not very good credit history does not have to cancel dreams of getting the amount requested.
Let’s be honest – no lender is a charity. Yes, they benefit both parties, although at first glance only the borrower has some profit in this respect. However, for loan companies are the perfect way to advertise. Why spend money on banners or spots if a much better lure for customers is a free loan offer? All it takes is for one person to take a free loan and recommend it to several friends, while for the next one you can build a really powerful customer base. A large number of those who took advantage of the first free loan and repaid it will remain among regular customers. The most reliable people can expect promotional offers dedicated to them later.In turn, the borrower himself is not only released from any additional fees, but in this way he can also build a positive credit history. Proposal? A 0% loan really pays off,