Young people starting their adventure with work want to quickly earn some extra money. Often, such a desire of young people is their own computer, RTV equipment, game console or own car.
Unfortunately, in banks there is not always a chance for such a loan, especially for young people who do not have a credit history yet.
How can young people get a secure loan
Not necessarily through banks? One solution in this situation can be online non-bank loans, which have recently become more and more popular.
It must be admitted, however, that most of the offers on the market are expensive repayment loans, characterized by high costs, the cost of which is sometimes the same as the loan amount.
This means that for such expensive loans we have to pay back twice as much as we borrowed. So this is not a good solution for young people who are just starting their adventure with earning their own money. Therefore, we should look for such a solution to obtain additional cash that will be most beneficial for us.
Is there such a thing as a loan for 18 years?
Of course, we can have a problem with banks to get this type of financing. However, it is worth trying to start our search with banks, because it is in them that we will obtain the most favorable financing conditions. We can try from those that grant credit completely via the Internet, so that we can quickly obtain information about the possibility of obtaining credit online.
To check which bank will offer us a loan or credit, it is worth submitting an application to several banks at the same time, so that we can quickly find out where we have a chance for a loan and in what amount – so our question about a loan for young people, Karol answered from Creative blog Finances .
The bank does not grant us a loan at such a young age?
Then we can check the offers of non-bank loans. Here, we will have a wide selection, especially since a large group of companies providing this type of loans has appeared in recent years. A particularly large number of non-banking companies have appeared on the online loan market.
In this way, we will not only get a typical payday loan with a 30-day repayment period, but also a larger loan with monthly repayments. However, we should take advantage of the fact that the number of companies on the non-bank loan market is large and choose the offer that will be most profitable for us.