Here’s how to find a payday loan at a lower interest rate
It has probably happened to everyone that they were in a state of temporary financial distress due to an unexpected event. If we need a large sum quickly, we will first try to ask relatives or friends. But not everyone can solve the problem in this way. They can be helped by a payday loan offered by banks. Of course, it is worth considering the decision carefully and choosing the loan that best suits us. We’ll show you how Astro Finance can help you with the search process, and how we can get from interest to credit.
In an unexpected situation, we may need some credit. An important piece of equipment may be broken, or we may have been planning for a long time to equip the kitchen with modern appliances or to replace the living room furniture. For another, it might be important to buy a car and the neighbor’s car has just been sold. If we don’t have the opportunity to make money from a friend, we have no choice but to choose the one that we offer from the payday loans offered by the banks.
First of all, some basic things need to be clarified, because based on the comments on our facebook page, we find that not everyone knows what a payday loan is.
10 information about applying:
- This type of loan has no specific purpose (such as a commodity loan), so it can be used for anything.
- A payday loan is not a mortgage on your property, so you are sure that the bank will not take the house over your head.
- Banks do not provide aid, so we have to repay the loan by the end of the term, in monthly installments.
- It is not Astro Finance that gives the loan. The credit in our facebook ad is one of the best deals on bank payday loans.
- Banks are not granting new loans to those who have an active status on the negative list of debtors (KHR list, formerly known as BAR list). First you have to settle your previous debt.
- Those on the passive KHR list have a chance to get another loan, but the process of borrowing is very difficult. We read more about this here
- Borrowing requires regular, reported income, and some banks only lend on an open-ended employment contract. The family allowance, the Gyed and Gyes borrowing are not accepted income.
- Clicking on an ad to list offers available for a net income of $ 10,000 does not mean that you will not be able to get a loan at a lower payment. Take the checkbox out of the small box and you’ll see all the offers.
- You may also need a loan with a $ 250,000 income. We are not the same, we accept this. There are some who have a much higher than average salary, and there are many expensive things that you can spend a lot on.
- DO NOT include their phone number in a comment under our facebook advertisement. Basically this is an internet comparison site, you do not have to talk to Astro Finance over the phone about your payday loan.
Please read this guide to find out how to apply.
The next question is which bank to choose. The best solution is to choose the loan that best suits your needs from all banks. And with the help of a comparative calculator, we can set the exact amount of credit, maturity, and other important information that we need to help you.
How to Choose a payday loan?
Now let’s see how Astro Finance can help you find the best payday loan. For example, let’s look at a case where we need $ 1 million and choose to repay the loan over a 2-year term
In our calculator you will find all the payday loan offerings, along with all the important information and fees. We need to write down how much money we need and how long it takes to repay the loan. Of course, you can leave the calculator as default, but you may not want to see exactly the preset amount or years, so you might want to enter your own values in the fields above. With a longer maturity, the monthly repayment will be lower, but the total repayment amount will be higher than assuming the same loan amount for a shorter maturity.
After entering the loan amount and number of years, we click on the “Search” button and the calculator will show you all the payday loan offers available with the given settings. You can see the name of the bank and the loan, the monthly installment, the APR and the total amount to be repaid, as well as the initial cost, the annual interest rate and the interest period. The latter is fixed for almost all loans until the end of their term, so the interest rate will be the same from the time the loan is taken up to its maturity. A very good feature of such a fixed interest rate period is its predictability and stability.
If you would like to know more about the results of the calculator, click on the “Short description” button. Here you can find out about current promotions, discounts and the minimum monthly income required by the bank to get the loan. This is also worth reading as there are plenty of misunderstandings or questions to avoid in the next few minutes.
Click on the “Details” button (mobile “Next”) next to the payday loan of your choice to go to the bank’s website. There you need to enter your details (usually name, phone number, email address) in order for the bank to contact us. If everything goes well during the telephone reconciliation, we can go to the branch to sign the necessary paperwork at a pre-arranged time and the loan requested will be available soon.