For the majority of ordinary loans, we usually meet with monthly repayment – the client sends the installment regularly once a month, always on the same day. In the case of small non-bank loans for very low amounts, the installment is usually one-off and the entire loan must be paid at once. Loans with a weekly installment are a specific type of loan – only a small percentage of credit companies provide these loans; on the other hand, they are mostly available loans, which for many people are the best solution to the difficult financial situation.
Where can I get this kind of loans?
These loans are offered by non-bank companies, and this is a product that can also be obtained by people who do not have the chance to borrow from the bank. The loan application is usually submitted simply via the website (or by phone), then the company assesses your application and in case of approval will pay you the money immediately. Weekly repayment loans are usually also available in cash, with several companies you can choose for yourself whether you want to redeem the money directly on your hand or rather on your account.
Who is this loan suitable for?
The target group of loans with weekly repayment includes especially the so-called risky clients who find it more difficult to find a loan. It is not only those who have failed in the bank, but also those who have no bank account, as well as those who have an entry in the debtors’ register or persons in execution. Each provider has a different set of conditions, but generally, these loans have a relatively high chance – it is important for the applicant to prove that they are able to repay the loan properly. Weekly repayment loans are also interesting for those who need to get their money as quickly as possible – normally these loans are paid by sales representatives in cash, so their payouts are quick and can be made on weekends or holidays, or when there are no bank transfers .
If you are interested in this kind of credit product, we have tips for three verified non-bank companies that provide a weekly loan:
Door Financial – these are loans from CZK 5,000 to CZK 50,000; you can spread the loan maturity to either 45 or 60 weeks. You always have the choice between cashless and cash payouts, but you can’t submit an application online now – you can apply for a loan either by phone or by mail. However, no fraud is involved, Door Financial has been operating on the Czech market since 2010 and also provides its services in Poland. The conditions you must meet are age 18, permanent or temporary residence in the Czech Republic, valid ID and proof of permanent income.
Provident Financial – one of the most famous and popular non-bank loans on the Czech market. Provident belongs to traditional lenders and has been operating in the Czech Republic since 1997. Currently it offers cash loans from CZK 6,000 to CZK 90,000 with a very fast settlement and hand pay – the sales representative will bring you money to your home. You can repay the repayment to 45, 60 or 100 weeks, or 12 to 24 months. In Provident, however, a non-cash variant of the loan is also possible, although it is a bit slower, but significantly cheaper – for example, in the case of a loan of CZK 50,000 in cash for a year, the monthly payment is CZK 6,815, for a non-cash form only CZK 4,860. Also, Provident Financial often organizes various competitions in which you can win attractive prizes – giving you the chance to get not only your desired credit, but also an interesting reward.
FairCredit – the same as with the previous two companies, even in this case it is a non-bank loan where both cash and non-cash forms of payment are available. The credit line is between CZK 4,000 and CZK 50,000, with a repayment period of either 43 or 58 weeks. The application can be made online or on a toll-free telephone line, and people with a registry entry or a distraint can also obtain a loan – but they must prove that they have a regular income.