A daily salary loan is a loan that is given for a very short period of time with the guarantee that it will be paid off immediately after your next salary or income from your source of income.
Such loans have a very high interest rate and are called by various names such as prepayments, payroll loans, payroll loans, small loans, or money loans. You can easily learn how to ‘apply small car loans online’ (also known as Kleinkredite online beantragen’in the German language).
Payday loans can be offered to anyone regardless of reliability. The bank does not consider the creditworthiness of the borrower when providing this type of loan because it is only given for 15-20 days and is not long term.
However, borrowers must remember that taking payday loans does not increase their confidence in the market. However, he must have a stable income, permanent bank account, and at least 6 months of service to be eligible for this loan.
Online payroll loans are becoming more and more popular these days. One of the best things about online payday loans is the easy application process.
Requests take less than 5 minutes and the portal is usually open 24 hours a day. The borrower only needs to apply for a loan online and the funds will be transferred via direct deposit to the borrower's account.
In such a case, the loan repayment will be debited electronically directly from the borrower's account after he / she receives the next salary or after the check is due after that date.