Since India began offering short-term loans to help the local population, many of whom wanted to try small businesses, bankless loans have continued to expand, becoming a worldwide hit in recent years. This hit of smaller, online fast loans and loans without a bank was also followed by Croatia, so that people in our market, in accordance with the world trend, turned to fast loans and quickly available smaller loans without a bank.
Without a bank, it’s easy to borrow
These are mostly online loans and borrowings that are completed in one day and do not require extensive paperwork, as is the case with bank lending; Loans without a bank are made online, the money is in the client’s account almost immediately after submitting the documentation, and the conditions are minimal. Loans without a bank or quick lending appeared on our market about ten years ago, in response to the growing demand from non-bank lenders for which it is not necessary to qualify for a bank.
That is why they have become popular with many who have lost credit over time, who, according to the HROK, have not been orderly in paying loans or currently have some open credit or other debt, those who have been blacklisted by bank defaults, or who have monthly income that they do not receive through the indefinite employment contract, which is one of the conditions for a bank loan.
Non-bank lending institutions, mainly lending companies recognized by our growing number of citizens, have started to offer loans without a bank, which for many remained the only solution for the loan, but also for those who are attracted to such lending because of their speed.
Loans without a bank are generally smaller and short-term
Thus, in the last ten years in our country it is possible to improve your financial liquidity with one of the fast loans without a bank. During this period thousands of citizens turned to this kind of business and loans without a bank, which, thanks to new technologies and the fact that the whole process is carried out online, is a safe and fast option; especially when you need a smaller amount of cash for a shorter repayment period. Loans without a bank or online fast lending mainly refer to loans for smaller cash loans that can range from a minimum of 300 to a maximum of USD 6,000.
The repayment is therefore short-term, from 15 days to five months. and then the customer at the same branch can ask for such a short-term loan again and get it even faster.
There are many positives to this method of online lending, and some of the most important are certainly speed and ease. Specifically, you can apply for a loan without a bank through the credit company website, once you find the company that works best for you, and you will get an answer right away. The terms and conditions for borrowing are the same as for borrowing on loans.
Loans without a bank and without paperwork
You don’t need to wander around looking for the best option, but you can do everything from your home, from your computer, tablet or smartphone (which is why bankless loans are also called mobile loans).
On each company page, you will find details of the conditions you need to meet, which are generally really minimal and can be collected in one day – they include a copy of your ID card, a current account receipt and a monthly income statement. After you have scanned and mailed these three documents, 15 minutes after the credit home agents receive them, the money sits in your account.