Payday Loans

Best personal payday loan deals online

If the personal payday loan is one of the most requested credits for small and medium projects, it is because the rates offered are often in agreement with current conditions and that its use is practical and facilitated.

Partner credit organizations make personal payday loan simulators available to everyone, which allows you to know immediately if the project is feasible but also to be informed of the loan conditions, with the receipt of a loan estimate banking. Note that personal payday loans can also be requested from lending platforms between individuals, see below.


Personal payday loan: how to get the best rate?

Personal loan: how to get the best rate?

Getting the best rate is ideal in a search for personal payday loan deals and comparators like this can increase your chances of negotiating the best credit rate. Banks and credit organizations apply more or less aggressive commercial policies, some of which offer the lowest rates, but these policies can be envisaged in the short term as in the long term.

This translates into ad hoc commercial operations on the part of lending organizations but these trends are constantly evolving, an organization offering the best rate today will probably not be tomorrow anymore, so it is necessary to constantly probe establishments on the market. and use online comparators to find the best credit rate.


Personal payday loan without proof

Personal loan without proof

The personal payday loan is unrestricted consumer credit, this means that personal credit offers can be granted without proof of use. We can, therefore, apply for this funding as part of a car purchase, vacation or leisure funding or to carry out work.

Who says “without proof” does not mean acceptance of the file without providing any document, it is still necessary to provide basic documents such as ID, payslips, account statements or proof of address. Obtaining this type of loan still requires ensuring that you have the financial capacity to repay it and it should be remembered that it is recommended not to exceed a debt ratio of 33%.


A personal payday loan between individuals

personal loan

It is not necessarily necessary to borrow from banks to obtain consumer credit, it is possible to apply for a personal payday loan between individuals. Some platforms specialize in this type of financing, which consists of linking lenders and borrowers, which guarantees both a secure loan offer and no false steps.

The platform provides the borrower with a simulator and a service allowing him to complete his file, the latter receives remuneration and the interest is for its part intended for the lender, often individuals or investors wishing to make funds available applicants.


How to get a cheap personal payday loan?

How to get a cheap personal loan?

To identify the cost of a personal payday loan, the total cost of the loan must be measured. This means that a low rate does not mean that the credit will be the cheapest, it is possible to benefit from cheaper credit with a higher rate, simply because several elements are taken into account in the cost of a loan:

  • The rate (APR)
  • Application fees
  • Brokerage fees (if using a broker)
  • The insurance rate 

It is therefore important to analyze the 4 points above because a low rate can hide a high insurance rate, in the context of borrower insurance. If some offer the fees, you must take care to read the general conditions of sale proposed by the organization to check if fees will be applied.

Payday Loans

Payday loan or revolving credit: which one should you choose?



A loan is considered a small loan, especially when compared to a mortgage of several tens of thousands of dollars minimum. For a credit of this amount, the bank will systematically offer the future borrower a consumer credit offer, with a choice of payday loan or revolving credit. She can also only submit a payday loan offer.

On the other hand, for a loan of more than 1,000 dollars, an amortizable loan proposal must accompany the offer of revolving credit. This allows the borrower to compare these two types of credits. What to choose between them to reduce the cost of their credit? How to find the best loan contract? So many questions to which we will answer in this article!

Payday loan vs revolving credit

Personal loan vs revolving credit

A credit still represents a sum. Whatever the project envisaged (car, household appliance, travel, etc.), it is therefore normal for the borrower to wonder about the characteristics of the credits offered to him. First, let’s start with the main similarities between these two credits …

As consumer credit, neither is linked to a specific purchase. The borrower can use the loan amount to finance the project of his choice (excluding real estate), without having to provide proof of purchase. Then, for a payday loan as for a revolving credit, the borrower obtains a rapid response from the bank. The processing time for a consumer credit file is indeed shorter than for a mortgage, for example. The amount of money at stake is not the same! But in any case, the bank will study the situation of the borrower to ensure that he will be able to repay the loan. Finally, whether in a payday loan contract or in a revolving credit contract, borrower insurance can be included. This insurance is not compulsory. If the bank nevertheless requires it and submits an insurance proposal to the borrower,

At the level of differences, things get tough. Below, the most notable.

Operating mode

  • Sum of money defined and paid at once for the payday loan.
  • Reserve of money usable at will for the revolving credit (within the limit of the ceiling).


  • Variable or fixed rate (that is, the same for the duration of the loan) for the payday loan, and generally affordable.
  • Variable rate exclusively for revolving credit, and often very high.

Duration and total amount of the loan

  • Duration and amount fixed in advance in a payday loan contract.
  • Uncertain duration and amount for revolving credit (the duration becomes longer and the amount increases as the borrower uses his reserve of money).

Monthly payment

  • Same monthly payment for the entire repayment period for the payday loan;
  • Variable monthly payment depending on the use made of the money reserve (see duration and amount of the credit).

Revolving credit: is it possible to buy back?

Revolving credit: is it possible to buy back?

In view of the excessive rates presented by revolving credit and the risks of over-indebtedness that result, the borrower can make the (reasonable) choice to terminate his consumer credit contract. The good news is that, as with all consumer loans, revolving credit is eligible for credit redemption.

This redemption must report to at least two consumer loans. The opportunity for the borrower to review the rate of his current loan – and therefore the total cost of his loan – drastically downward, while backing the loan he needs to carry out his car project, for example.

Note: non-existent refund penalties
Revolving credit is the only consumer credit for which no repayment penalty applies (this may be the case for other consumer credits, but it is at the discretion of the bank). In order to escape the astronomical interest of the monthly payment to come (and the following ones), the borrower therefore also has the choice to simply settle his loan.

How do I find the best offer for my loan?

How do I find the best offer for my loan?

Before borrowing, a few reflexes are necessary. To find the most attractive consumer credit offer, the most reliable solution is to compare, based on the annual effective annual rate (APR), which includes all the costs of credit. Whether for a credit or for any other sum of money, for that matter. Certainly, this operation requires spending a little time, but on arrival, the borrower is there. To do this, go to an online credit comparator. This tool, which combines different loan offers, saves precious time and allows you to borrow at the best rate.

At the same time, do not hesitate to multiply online credit simulations with different organizations. Why? Quite simply because the credit offers are extremely numerous and the comparators cannot take them all into account. The borrower will then take the measure of the differences in rates that may exist and at the same time increase his chances of finding the rare pearl! This will take only a few minutes. On most banks and online lending platforms, you will find a simulation tool.