Instant cash without a bank account: what is it and when is it possible?

The domestic loan sector has been in a really dynamic development for a long time. This fact has various consequences for customers. On the one hand, literally an increasing number of loan institutions appear on the market every year, on the other, the offer of today’s loan companies presents clients with new solutions. Contrary to popular belief, having a bank account is not a necessary requirement to obtain a non-bank loan. Currently, a growing proportion of loan companies operating on the market also offer solutions such as payday loans without a bank account.

What are loans available without a bank account? If the borrower is interested in such options, can the loan companies also use the online offer? Finally, what will the cost of loans without a bank account be? Let’s try to answer the above questions.

Instant delivery without a bank account: what is worth knowing about it?

Instant delivery without a bank account: what is worth knowing about it?

Solutions such as payday loans without a bank account will, in principle, consist in the fact that the customer withdraws the loan amount via a check, ie by visiting any post office. In this way, it becomes possible to carry out the entire loan application process as well as offerings bypassing the banking circuit.

It is worth realizing that payday loans without a bank account are not a separate segment of the loan institutions offer. This is a standard offer, which means that the financial conditions of the loan do not change. The only difference will be that when completing the loan application, the customer must indicate the form of payment of the amount of the liability that interests him.

On the other hand, what will be the costs of using the option of paying a loan by a check? The standard one-time fee is USD 4. However, for some lenders it may also be USD 6 or 10. Either way, the fee for paying out a loan with a check is not a significant burden on the cost of the loan.

What else is worth knowing?

What else is worth knowing?

There were talks about solutions such as payday pay without a bank account. However, you should also be aware of the fact that in the case of some lenders, you will also be able to pay installment loans via the check. In both cases, however, it should be remembered that if the loan was disbursed without using a bank account, then the payday payday loan or loan installments will also have to be repaid in a similar way.

This means that in order to repay the contracted obligation, the customer will have to either use the mail service or make such repayment directly, ie by visiting a stationary branch of a given loan institution.