Free things can surely delight, be it a sample of perfume or tasting ice cream. In the financial sphere, we can open a bank account free of charge, and its management also costs us nothing even withdrawals from foreign ATMs. Non-banking companies can provide us with interest-free money. What does such a first free loan look like?
First free loan immediately to payday
There is an increasing demand for free payday loans. You may be wondering what these companies do, but believe it is a good marketing move. After repaying the loan, there is a very good chance that you will come back and borrow again. Remember that this “action” usually only applies to the first loan. Money without interest is certainly fine and can be used to pay or to pay for unexpected expenses.
First free loan immediately to your bank account
Each client must meet conditions that may vary slightly for each company. The loan can be sought only by a person over 18 years of age, who has Czech citizenship and has his / her own bank account. The big advantage is that there is a good chance that the loan will be approved for a free loan. Thus, mothers on maternity leave, pensioners and / or students will also receive a free loan.
Loan up to 10000 free
The usual amount that can be obtained for free is 10000 with a maturity of around one month. Keep in mind that the provider must verify your solvency. An entry in the debtors register may not be such a major problem, but sometimes this is the reason for rejecting the application.
Benefits of the first free loan
- you will not overpay an extra crown (if you meet the basic conditions)
- low demands on applicants
- you don’t need a guarantor
- no collateral required
- money is transferred immediately to your bank account
- you don’t have to visit any branch
Disadvantages of the first free loan
- low maturity
- A loan extension is usually charged
- low amount to rent
- only the first loan is free
Frequently Asked Questions for the First Free Loan
Can I borrow even if I am currently unemployed or in probation?
Even in this case, you can apply for a loan, but unfortunately your chances are reduced.
I am interested in more than 10000, can I borrow 50000 free of charge?
Unfortunately, such high amounts are not eligible for the promotion
Can a mother get a free loan on maternity leave or self-employed?
Yes, both of them are entitled to a zero overpayment loan
Do I have to prove my income?
Yes, usually a bank statement or a pay slip is required.
Compare loans that are free
For each non-bank provider you will find different parameters of the free loan, so it is recommended that you browse multiple pages. If you do not know where to start try independent comparators of non-bank products that will certainly help you make decisions.