Types of Quick Credit 2018

Fast credit is a fast cash loan without a pledge and no guarantee.

Fast credit is a fast cash loan without a pledge and no guarantee.

Nowadays in Latvia you can get it within minutes via internet. The target group for quick loans is private individuals and they are issued without unnecessary requirements and other burdens. Fast credit is available on the Internet, at Latvian post offices and supermarkets.

In recent years, Internet banking is the most commonly used method of obtaining fast credit, as it is most convenient for the customer – quick credit can be applied at any time, even at home.

There are several types of quick loans available

There are several types of quick loans available

1.) Quick credit up to a specific amount of money – A quick short-term cash loan of up to 200 euros (or as much as the lender offers) free of charge. This is the maximum amount of money a lender can apply for. This is the very first free credit;

2.) Quick Job Loan – A cash loan issued to people who have no job but have real demonstrable income. It has to be admitted that in Latvia at present there is an increasing strictness towards this type of quick loan, because if you do not have a job, there is actually a conditional fast loan repayment;

3.) Quick Credit from 18 Years – A cash loan that is available from the age of 18. A young person can take advantage of the fast credit facility when they reach the age of majority, but it should be emphasized that in this case the granting of a loan to a young person will also be conditional, as the student loan repayment may present some problems just like the unemployed borrower. Of course, the situation will be different if the young person has graduated and is working or combining studies with work;

4.) Quick Loan – A cash loan that does not require you to mortgage any of your movable or immovable property. Of course, there is a limit on the amount of quick loans, because the service provider has an increased risk of pledging money;

5.) Long Term Credit – A cash loan that is issued within minutes is extended over a longer period (typically more than 30 days). There are different types of repayment arrangements for this type of loan, paying only the monthly interest rate until the entire principal is repaid, paying the interest rate + part of the principal each month, covering the entire principal amount in the first month.

6.) SMS Credit – a quick short term loan that can be obtained without pledge and guarantee. SMS credit is applied for via SMS registration (via SMS). SMS credit has become quite popular nowadays because the potential customer can be anywhere at the time of making a credit request. With any type of quick credit, the first quick credit is free. this means that you do not pay for reviewing or granting the credit, nor do you have to pay any interest on the use of the money. In this way, firms that provide instant loans attract customers with a business vision for the future, that is, if the client has used any type of fast credit once and has been satisfied with the service, they will definitely use the services of that particular firm in the future. Before you choose one of the types of quick credit, check and compare the range of products offered by the service providers, which one is the most convenient, appropriate and advantageous for you. Always remember to borrow responsibly, truly evaluate your financial situation and your ability to repay credit. All types of quick loans offered in the Latvian market have a limited amount of money that can be issued, so keep in mind that when you need to receive large sums of money, none of the types of quick loans will suit you.