Usually, all of us have budget plans that we do our best to stick to, and we succeed in sticking to it most months. Yet, something unexpected happens from time to time, and it stirs up our budget and our plans altogether. Depending on the severity of the unexpected situation, and on the expenses that it will incur, we can find ourselves spending all of our savings or needing even more money and getting a loan. When the situation is time-sensitive, though, we don’t like the idea of having to wait for a long time to get approved for a loan.
There is a normal waiting period here, since the lenders take time to review your application and check all the documents and the data you’ve provided, so as to determine your eligibility for getting a lån. You won’t get approved until they check everything, and that can take a while sometimes, especially since the lenders have a lot of clients to deal with. Yet, when you’re in a time pressing situation, you are likely to get frustrated by the waiting period. If there were only a way to speed things up.
Well, while there’s no way to speed things up once you decide on that traditional personal lån option, since you’ll have to wait it out and be patient, there is, in fact, one thing to take into account. In few words, there’s a concept called a smålån på dagen, or a same day small loan, and that’s something to get acquainted with. This is the concept that could shorten the waiting period quite a lot, and I’m sure you get that already since the name says it all. Before you start the process, you should check if this is something you should do, as well as how it works and how you can complete the mentioned process.
Can You Get A Smålån På Dagen?
The question that you’re most interested in is whether you can get a smålån på dagen or not, because you don’t want to bother applying if you’re sure you won’t get approved. Well, since these loan types aren’t linked to collateral, meaning that they’re unsecured, only the standard eligibility criteria apply. Those include age, residence, citizenship, income and payment history. Your payment history will shape your credit score, and if that score is good, you’ll have higher chances of getting this specific loan.
Why is that, though? Well, it’s pretty simple. Credit score is generally linked to loans and borrowing quality, but it is probably a bit more significant here than it is when word goes of secured loans. This is because, with secured loans, you offer certain assets as collateral, which is why the lenders are comfortable to offer lower interest rates. With the unsecured loans, lenders don’t require collateral, but they use higher interest rates to protect themselves, and your credit score will directly impact that rate, making it lower if the score is better.
The bottom line is that you can, in fact, get a same day small loan, if you’re old enough, if you have proof of residence and citizenship, as well as proof of income and a good payment history. The criteria are not difficult to meet, and collateral is completely unnecessary. So, if you were wondering whether you were eligible for a smålån på dagen, chances are that you are and that you can easily get some quick cash if you need it, thus cutting the waiting period that we’ve mentioned above in half, if not more.
How Does This Loan Work?
There are some confusions regarding these small same day loans, and those confusions can shape people’s expectations and lead to disappointments afterwards. For instance, the fact that these are advertised as same day loans makes people assume that they can get the money immediately after applying, i.e. on the same day. While lenders do work hard to shorten the waiting period and while they will provide you with the money as soon as they can, the truth is that expecting all of this to be completed in a day is unrealistic. And, unrealistic expectations lead to disappointments.
All of this doesn’t mean that the loans are advertised to be something they aren’t, because that’s not the case, and you’ll quickly see why. It just means that people often don’t get to the bottom of the story, and make assumptions based on the actual “smålån på dagen” term. Let me give you the whole story, though, and ensure that you’re getting it all right. If you go to billigsteforbrukslån.com/smålån/, you’ll see that the idea here is for your loan application to be processed in one day, and that’s a possibility thanks to the fact that pretty much everything is digital nowadays.
Lenders have easy access to the records and the data they need, which allows them to process your application so quickly. These loans are also sometimes advertised as SMS loans, because you can complete the application through text messages. Anyway, while processing will only take a day, you’ll still have to wait for a short while to have the money deposited to your specific account. Even so, the entire waiting period will be quite shortened.
How To Get It?
Now that you get how the smålån på dagen works, and what the term actually entails, you’ll want to know how to get this type of a loan. First off, remember that these are used for lower amounts, which is why they are known as small loans. It’s clear that applying won’t be difficult, and it can even be done online nowadays, but there’s one crucial step to take before applying.
The step I am referring to consists of finding the right lender, as not all of them will offer this specific option. Even when you find a few of those that do offer the option, you’ll still have to research them thoroughly, so as not to end up accidentally working with some shady firms. This won’t happen if you’re careful. When you choose the lender, simply follow the application process and you’ll get the money.