If you are looking for a cheaper bank account, Payday Loan, or credit card with a refund, there is a large selection of banks. The only question is how to find the best one for us. It is not at all certain that you will find the best in your usual bank, so you should somehow choose from all the offers. Here’s how Rotatebank can help you with your Payday Loan search process.
There are many events in our lives where we need some financial help.
In such cases, of course, we can borrow from relatives, but we may not be able to do so. There is nothing left but a Payday Loan. Just which one to pick? What’s on the television in front of our eyes in the ad block that interrupts movies at the most exciting moment? Many people tend to believe in advertising, or think that it is enough to go into a normal bank branch and inquire about Payday Loans. The best solution is to select the loan that best fits your needs from all available offers, and a comparative calculator can help.
A few things need to be clarified first. We often get comments, messages like “Are you interested in the terms and conditions?”, “Are you lending here?” And other similar comments on our Facebook page. First of all, you should know that we are not offering a particular Payday Loan, but that we are showing all the offers, and those interested have to choose from them. BankRacation is not a bank, but a bank-to-bank comparison website, and we want to help you make your choice by showing you what all banks offer.
It is also important to clarify that there are times when the bank will not lend. You can’t be on the claiming KHR list (formerly called the BAR list), you need regular, declared income, and some banks only lend on an open-ended employment contract. Many people ask, so here we describe that the family allowance, the Gyed borrowing, is not an acceptable income.
How to Choose a Payday Loan?
Now let’s see how Rotatebank can help you find the best Payday Loan. In our calculator you will find all the Payday Loan offerings, along with all the important information and fees. We need to write down how much money we need and how long it takes to repay the loan. Of course, you can leave the calculator as default, but you may not want to see exactly the preset amount or years, so you might want to enter your own values in the fields above. With a longer maturity, the monthly repayment will be lower, but the total repayment amount will be higher than assuming the same loan amount for a shorter maturity.
After entering the loan amount and the number of years, we click on the ” Search ” button and the calculator will present you with all the Payday Loan offers available with the given options. You can see the name of the bank and the loan, the monthly installment, the APR and the total amount to be repaid, as well as the initial cost, the annual interest rate and the interest period. The latter is fixed for almost all loans until the end of their term, so the interest rate will be the same from the time the loan is taken up to its maturity. A very good feature of such a fixed interest rate period is its predictability and stability.
If you would like to know more about the results of the calculator, click on the ” Brief Description “. Here you can find out about current promotions, discounts and the minimum monthly income required by the bank to get the loan. This is a recommended reading as there are plenty of misunderstandings or questions to avoid later with this few minutes of orientation.
It is also possible to enter additional criteria in the above field of the calculator, where you have to enter the loan amount and the number of years, by clicking on “More options”, for example, to list only the Payday Loans of certain banks. While sitting in front of your computer, you can conveniently choose the Payday Loan that best suits you. When we are ready, we can signal our willingness to borrow to the bank of your choice. Click on the “Details” button for the Payday Loan of your choice, which will take you to the bank’s website where you will have to enter your details (usually name, phone number, email address) in order for the bank to contact us. If everything goes well during the telephone reconciliation, we can go to the branch to sign the necessary paperwork at a pre-arranged time and the loan requested will be available soon.
So that’s how the process works, so we can help everyone find the best Payday Loan for them.