A quick loan, a cash loan in 15 minutes, a loan without guarantors … – all of these phrases bombard us at every turn. Money lending tips are on every tram station, in every mailbox, lighting pylons … In online searches, there are various loans, and in the sea online results are not easy to distinguish legitimate from illegitimate. In recent years, the black market is blooming, and the number of credit houses that do not have a license to work in Croatia is growing rapidly. Such credit houses do without any written record, which means that they do not sign an agreement before the approval of the loan or the money is paid into the current account.
In emergency situations, this may not sound like a problem because we are only focused on the payout rate, but later the door to malversation opens. It can be mocked about the borrowed amount, agreed interest rate, loan repayment period, and the like. With such things in search of a fast loan should be very careful. It is best to visit a list of legitimate credit houses on the pages of the Croatian National Bank and ask for loan offers.
What’s all behind the loan?
Loan as opposed to credit does not only imply exchange of money under certain conditions, but may be any good that both parties agree on. There are two types of loans, purposeful and non-purposeful. The latter is much more popular because the applicant can spend it on whatever he wants, while the designated financial institution determines the purpose. Hence, the loan can not be spent on anything else.
The loan is still different from the loan, which is the interest rate. There may be, but not necessarily, an interest rate for loan repayment. The contract can even be defined a few years ago, which is often the case with business entities.
Who is the lender?
The loan is an inevitable part of the offer of banks and credit houses. Credit houses offer loans that are characterized by smaller amounts and a short repayment term. As such, no additional guarantees and employers’ certificates are required. The application process is simple and the documentation is minimal. Banks rely on creditworthiness, which already discredit a large number of clients at the very start. Those who meet all the conditions can get the loan in the shortest possible time.
How to repay the loan as soon as possible
The loan is an additional burden on the home budget and to get it repaid as soon as possible, it is necessary to live up to the new situation. This means you have to adjust the costs to pay and reduce all remaining costs to a minimum. It is best to get rid of all the burdens you do not use, such as expensive membership fees and fees, and this money is directed to repay the loan.