Payday loan without interest for the first time

Borrowing money from 0% in – profitable, fast, convenient

Borrowing money from 0% in - profitable, fast, convenient

By itself, a payday loan is not a big loan, issued for a short time. The activities of microfinance organizations are monitored by the Bank, it also issues a license to them.

If the organization does not have one, then most likely they are fraudsters. Therefore, before you take the money, you should read all the documents of the company.

Firms without certification can leave you without money and sharply raise the percentage, which is already quite large. You also need to check the paper to the percentage were fixed. If this is not indicated anywhere, the company can independently increase the percentage without informing you about it.

You can get a loan without interest for the first time just by presenting your passport. The pledge and the guarantor of the company are not needed, only the presence of the borrower is sufficient. And at the moment you can get money without being in the office, simply by filling out a form on the site.

In the questionnaire, you must specify your personal data, passport data and method of obtaining funds. Then the operator will contact you at the specified number and clarify whether you want to take a microcredit.

It is possible to learn money from the floor to a card or an electronic wallet, it depends on the desire of the client. It is also possible to call the courier at home, or pick up the money in the office. Receiving money on the card is possible around the clock, and offices are usually open until 6 pm.

The interest rate on microcredit is very large. This is justified by the fact that must somehow earn. The rate may be 1-2% per day, which will be at least 365% per cent per year, that is, three times the original amount.

Terms usually not more than a month. For late payment should be a fine. A single violation may not lead to complications, but constant delays in payments will lead to a meeting with collectors.

First, they will make a warning, and then begin to seize the property. You will also find yourself in the black list of the organization, and if it cooperates with other companies, it will also give your information to them. If you know that you do not have time to repay the loan on time, it is better to extend the contract on time.

The rate of receipt of money is of course high. You can be anywhere in the world and under the circumstances, to obtain the necessary funds. Operators have already contacted customers within 15 minutes after the application, and the money will come within 15 minutes.

You need to return the money on time

If you are an honest payer, then the microfinance organization will increase the maximum amount of your loan and be more loyal to you. Possible early repayment of the loan.

If the contract is extended for 7 days, the rate will be approximately 13%, with an increase of up to 15 days, the rate will increase to almost 30, and if the deadlines are increased by one month, the rate will be 57%.

The penalty for late payment will increase every day. The fine will either be written off separately or a percentage will be added.

Pros of a payday loan:

  • Easy receipt for which you only need a passport. You can get money on the card without leaving home;
  • Withdrawals and returns are possible from a card or an electronic wallet, in any convenient way for the client;
  • The speed of receipt of funds, up to 15 minutes.


  • A large percentage, which reaches up to 3% per day, and a substantial amount will come up in a week;
  • Fines for non-payment on time are accrual of interest or interest;
  • Short repayment period, generally up to one month.

The main plus of the payday loan is the simplified conditions for its receipt , and the minus is the high interest rate.

The loan amount can not exceed one million, organizations do not issue funds in foreign currency, the rate on the loan for a year can not be more than 1.5% per day.

Accrued penalties and fines can not be more than 2.5% more than the original amount. In order not to get into the black list of organizations and not to spoil the credit history, it is worth considering initially whether you can repay the loan.

The sites have special loan calculators for which you can calculate the amount and interest, as well as select suitable numbers for yourself.

Differences of a payday loan from a loan

Differs firstly the amount. If in microfinance organizations you can take a couple of thousand, then in the bank you will take at least 50 thousand.

The next significant difference is the interest rate. In banks, it is 20-50% per annum, in up to 3% per day. Everything will depend on the chosen organization. Some provide benefits for the first loan, or reduce the percentage of regular customers.

Ways to get the same money, it is a bank card, e-wallet, bank account or cash in the branch office.

The return periods in the bank will of course be longer, they can be up to 2 years, while small organizations demand a refund within a month. All the rules for taking and repaying the loan can be found on the official website of this or that organization.


Loans for Students over the age of 18

As a student, it can be difficult and get many payday loan without collateral (payday loan) and popular credit cards . So little student loan has become in relation to how expensive it is to live in Norway, students without a job are forced to be “sober” with the little one has of money. Sometimes it can be tempting to take out a loan to buy a little expensive thing such as a TV, a computer or something else you don’t want to save for months to afford. Consumer payday loan for students exist, but only with relatively low loan sums. Make sure you pay the installments as planned so that the cost of your loan is not higher than necessary. You may also want to think about how the monthly costs will affect your daily life if you choose a loan that runs over several months.

Two small payday loan suitable for students

Two small loans suitable for students

With this consumer loan you can borrow from NOK 1,000 and up to NOK 20,000. It is perhaps the market’s most appropriate loan for students, and one of the best small payday loan in Norway for everyone else as well. The biggest benefit to this loan is that everyone gets rid of interest and fees, including the initial loan on the first loan for 30 days . This applies if you have the opportunity to pay off within 30 days. It is also possible to pay down over longer periods of time if it suits better, but then there will be costumes. Applicants are required to be at least 20 years old.

Interest rate example: Effective interest rate 258.02%, 15,000 repaid over 12 months in equal amounts, Cost SEK 8.401.62.

With this loan you can borrow from 2,000 kroner to 20,000 kroner for 1 to 12 months. You can see a detailed overview of how much the loan will cost at different loan amounts and repayment time on ‘s home page. Requirements that the applicant must be at least 20 years old. A loan of NOK 2,000 paid in one month cost per day NOK 434.

Interest rate example: Effective interest rate: 165% at SEK 10,000 / 6 months, Establishment fee: SEK 350. Total: SEK 13,116.

Want to get more loan offers?

Loan provider

If you have an income of at least NOK 120,000 gross a year and are over 18, you can let the banks compete for you. This allows you to compare interest rates and loan amounts on actual loan offers at ease. Each offer is valid for 30 days.

Interest rate example: Effective interest rate 14.14%, SEK 170,000 / 10 years, Cost SEK 137,463. A total of SEK 307,463.

Only small consumer payday loan

Only small consumer loans

Note that only small consumer payday loan are available to students. In other words, if you live with a regular student income and do not have more than NOK 200,000 in annual gross income. If this is the case, you can compare and apply for all consumer payday loan listed here .

More and more students resort to consumer payday loan

An increasing number of students resort to consumer payday loan. 70,000 have applied for such payday loan. 28% state that they have used payday loan or credit cards to pay basic goods. Low student payday loan are pointed to as the main driver of this trend.


Car loan despite annual contract

Many people would like to realize the dream of individual mobility as soon as they have found a new job. And then ask yourself if there is a car loan despite annual contract at all and how lenders even react, if only a limited-term employment contract exists.

The entrepreneurial decision on lending is also difficult for a bank, because a single-digit interest rate minus the cost of loan management and refinancing means a historically low tolerance for individual loan loss provisions. Is there still a way to car loan despite annual contract? And if so, you better go ahead:

The slow upgrade of loan

The most obvious way to see bankers and lenders thinking about increasing loan limits and lending. Think about starting your very first job and the consequent granting of the loan line: This is not granted directly after the first salary, but, for example, only after 2 or 3 months with a stable salary.

Car loans in spite of an annual contract, you should proceed in a similar way: Both lenders and all other entrepreneurs know that especially the first weeks of a probationary period are very critical in terms of whether the employee wants to perform the job long-term. So if you want to apply for a car loan despite an annual contract, then you should not start this process immediately after starting work.

Apply for a smaller loan amount with a shorter term

Apply for a smaller <a href=loan amount with a shorter term” />

The last ten years have been marked by significant changes in employment law and, in particular, notice periods. That is why it also applies to borrowers who have been working in the same company for a long time: Lifelong employment is not guaranteed. Conversely, for car loans despite an annual contract, the risk to the lender is not much higher than for many companies operating in very volatile and risky industries. But as a borrower you should set further positive signals for the loan: Do not start with the purchase of a new car of a higher category at the beginning of your career.

If you are on the road with a used car at first, you have many advantages: You can keep the repayment period relatively short so that it does not significantly exceed the first-time duration of your employment contract. In addition, monthly payments are lower than for new vehicle financing – leaving more money left over from the monthly budget surplus.

So if you keep the vehicle price or the loan amount low and pay attention to the amount of monthly installments and the term of the loan nothing stands in the way.