The offer of loans from non-banking companies is very wide and constantly growing. As new lenders are growing, stronger competition has led to more and more attractive offers, and no more interest and fee-free loans are no exception. In general, non-bank loans are much more expensive than bank loans, and a person who has a steady income and no debts pays to go to the bank, on the other hand, when you only need a few thousand, some non-bank loans are a reasonable alternative to for each. In this article, we look at non-bank loans that have the lowest interest and pay off to give them priority.
How to choose the lowest interest rate non-bank loan?
When choosing the right non-bank loan, you need to be careful to choose a really serious company. Unfortunately, there are many fraudsters who offer loans in this area, but in fact they only charge a fee or get money through overpriced telephone lines. It is best to search for non-bank credit on the Internet and ideally with the help of professional loan comparators. These will save you time, provide a complete and clear interest rate comparison, and only include proven companies acting fairly with their clients.
Non-bank loans with 0 percent interest
Clearly the most advantageous way to borrow money is non-bank loans with no interest and no fees. A few years ago, something like that was hard to imagine, but today there are several companies on the Czech market that really lend for free and if you repay the credit on time, you won’t have to pay an extra crown. Which provider is it and how much can you borrow?
Hayames loan – up to CZK 10,000 for new clients, if you pay them within 30 days, you will be refunded.
Truloan – for the first time up to CZK 8,000 Free of charge, the loan maturity is 30 days. You can borrow more money for the next loan application, from the fourth loan to CZK 20,000.
Via SMS – the first loan is max. CZK 4,500, you must return it within 30 days and no fee will be charged. For other applications, the maximum gradually increases to CZK 12,000.
Met Loan – you can get up to CZK 4,500 without interest on the first application, the maturity is up to 30 days. Up to CZK 12,000 can be applied to repeated loans.
Zaloan Bank – you can get a loan of up to CZK 9,000 for the first time without any charge. The maturity is standard 30 days, as with most other fast non-bank loans.
But all of the above-mentioned non-bank loans are just the first loan. Only that is completely free of interest and free of charge;
Hayames loan – non-bank loan with the lowest fee
We have already mentioned the Hayames Loan in the previous paragraph, but this loan is exceptional in that it offers the lowest interest rates among non-bank companies even on repeated applications. While high fees and very high rates of APRs await you elsewhere, you pay only CZK 33 for each borrowed thousand crowns on a Hayames loan. However, this loan also has the lowest rates for extensions – the extension fee is only CZK 49, which is several times less than for competitive offers. In addition, regular clients can borrow up to CZK 50,000 for one year. As we said, even non-bank loans can be profitable and often worthwhile. But it is necessary to pay them off in due course and choose one that has really low or no interest. But this is only true for loans up to CZK 10,000 – non-bank loans are not so profitable for high loans, and bank loans are a much better solution.