A few years ago, the most popular and most frequent loan was a postal order, also called a hand loan. But that is the past. Nowadays, the loan is on its way. What makes them better? It’s simple they are much faster. If you approve the loan, you can have money in your account within five minutes and draw it immediately, because it is enough for the provider to have the same bank. Inside the bank, the transfers are immediate. With a postal order, it takes your mail to deliver it to the post office, stand there for a long queue and then get the money.
Account loans can be obtained even if you are in the register of debtors or you cannot prove your income. The disadvantage is that you are subject to execution because they can freeze money from your account and use it to pick up the execution. In this is better to hand loan. If you don’t have a bank account, don’t worry. There is no problem to create one for free. You can do this online and the courier will deliver the card to your home. If you do not understand it very well you can go to almost any bank and open a bank account there.
Which account to choose?
Many banks pay absurd fees for a current account. For example, you want to look at your ATM balance and pay a fee. It is a good idea to choose a bank account that is completely free of charge: withdrawals, checking your balance and, most importantly, maintaining your account.
Bargain loans on account
If we talk about the non-banking sector you have a choice of many options. But watch out many loans are unnecessarily overpriced. It is good to use one where the first loan is free or there is a small fee and there is a possibility to extend the loan. If it does not lend you anywhere, it is good to use indirect providers who work with a large number of non-bank lenders. Here’s the best chance you’ll get a loan.