The non-bank loan market is characterized by, among others, high vigilance in responding to the needs of potential applicants. One of them is undoubtedly the possibility of obtaining a loan 24 hours a day and preferably 7 days a week. Such needs are probably dictated by the changing lifestyle of the society as well as the chronic lack of time. So where do you look for loans available around the clock and what costs should be prepared for them?
24h loans – the most important aspects
One of the basic features of 24h loans is the maximally simplified application procedure. Due to the nature of this type of obligations, the only way to use them is through a device with Internet access and a valid ID card. It is important, however, not to understand the value of “24h” completely literally. When deciding to submit an application, there are several additional aspects to consider.
Application procedure and payment
Loan companies that grant 24h loans have a direct impact on the time of receipt and verification of applications. It should also be remembered that in the case of customer service outside of office hours, loan decisions are made as a result of an automated process. All this really affects the possibility of obtaining a positive examination of the application at any time during the day and every day of the week.
Unfortunately, the speed at which funds are credited to the borrower’s account no longer depends on the lending institution. Particular attention should be paid to the list of banks where the lender has their accounts when choosing a 24h loan offer. If the applicant’s personal account is in a banking institution that is not on the lender’s list, it may take up to several days for the funds to be booked. It all depends on the hours of incoming sessions in the bank and whether the loan was taken on the weekend or on a business day.
It is worth choosing lenders who have bank accounts in the same banking institution, because you can then count on booking funds as part of a real-time internal transfer. In addition, if the loan was granted on a weekend after 20, it will be possible to withdraw money only within the same bank.