Loans without a penny transfer are loans in which it is not necessary to send 1 penny for verification. Check which loans are worth choosing!
Loan companies – why do they require a transfer?
The answer to this question is extremely simple, namely the transfer is to confirm the data from our bank, with those that we entered on the loan application. This process is designed to protect the lender because it prevents fraudsters who, having data from someone else’s ID card, take out a loan. Were it not for the procedure of transferring a penny, it could turn out that our account has obligations that we had no idea about. We wrote more about this type of scams in the article Credit and payday loans for ID card photocopying.
What makes a loan online without transferring a penny?
If you are in financial need, but you don’t have any money in your bank account, a good solution would be to use the product, which is a loan without transferring a penny. Non-bank companies meet clients and create various types of products so that every borrower is fully satisfied with the offer of loan companies. An online loan without a penny transfer does not have to make a verification transfer to the lender’s bank account. Online loans without a penny transfer can be an ideal solution for many people. They combine a minimum of formalities and speed of obtaining decisions regarding the grant or rejection of an application by the lender. Instead of transferring money to the borrower’s account, we now have the opportunity to use free applications verifying the authenticity of our bank account. Thanks to this, non-bank companies have a chance to check if no one else is impersonating the person whose details were entered in the loan application. The lender has the opportunity to see the sender’s data, so that he can quickly and easily determine whether the account belongs to the person submitting the application. That is why loans online without transferring a penny, but using the application verifying the borrower’s personal data are a very good solution for many customers seeking loans for anymore.
When does the transfer close us the way to take a loan?
There are a number of situations in which we cannot or do not want to make a transfer, and for some companies it is necessary to grant a loan. This fact immediately eliminates us from the loan procedure. What are the situations?
Certainly a large proportion of people are not so fluent in online banking. Many people order transfers to younger and more knowledgeable family members. If we do not pay bills traditionally, in dedicated stationary outlets, and we are not able to operate the online customer panel at the bank, then our children and grandchildren pay our bills using our bank’s website.
Another reason why we can’t take advantage of transferring one penny to a loan company’s account is the lack of available funds on the account. People who want to borrow money are in a difficult financial situation, so this fact should not surprise anyone. What’s more, banks are increasingly offering us the option of contactless payments, and this may cause a negative balance on our account, which will also prevent us from making a transfer per penny.
The need to make a transfer to the loan company’s account also affects the time to wait for cash. If the borrower has an account in the same bank as the lender, then the transfer appears on the account very quickly. However, if we have an account with another bank, this time increases significantly and there is a great risk that the company will not receive our transfer on the same day. Therefore, a longer waiting time may discourage us from taking a loan from a company that wants to verify clients by data from an incoming transfer.
In many banks, making a transfer is associated with an additional fee and this is another reason why we would prefer to receive money from a company that does not require verification transfers.