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Life is so made … sometimes we have money or a simulation. For a unique opportunity, an unexpected event, the need to get cash or even a project to fund without waiting, we all have to face some unforeseen expenses at one time or another.
Fortunately, for this kind of situation, there is an adapted loan: the payday loan. Indeed, thanks to its freedom of assignment, the traditional payday loan is in Belgium, the ideal loan solution for exceptional situations. What are these situations?
The main advantage of the classic payday loan is that it is unaffected. This means that you do not have to justify the use of this loan. You use the money as you see fit, without being accountable to your lender.
Even if there is a definition of the payday loan , it has nothing to do with the reality of all days.When you apply for a payday loan, you receive the entire amount borrowed at one time. You can then stagger your repayments; you repay at your own pace according to the terms of your contract.
Even if the conditions of access to the traditional payday loan are fairly simple but regulated by the FSMA and if you still have many questions about your capacity and your borrowing terms.
That’s why, on this page, we answer for you the most common questions about payday loans. Do not hesitate to contact us if you want paydayized advice from qualified professionals. We are at your disposal!
The payday loan , also called installment loan or consumer credit , is a credit category whose main feature is that it does not finance a specific purchase. This loan can be used to finance all types of projects or simply to obtain cash. The repayment is made in monthly installments of a fixed amount.
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To make an installment loan , you do not need to give any justification. Thus, you can benefit from this type of credit whether for a payday project with a specific purpose or simply because you need cash. You can therefore apply for a payday loan for, for example:
We offer different types of payday loans, specifically designed for a specific type of need or a specific applicant profile. You will find, for example, traditional installment loans, car loans or other financing. Each of these credits has specific characteristics.
The car loan is actually a payday loan: it is part of the benefits for which we specializes. Since 1980, this Belgian company, also present on the territory of the Grand-Duchy of Luxembourg, works to offer everyone a credit adapted to his needs.
And since more and more people are giving importance to their vehicle, we very frequently validate loan files in the automotive sector! Car financing is a recommended operation in many situations, whether customers are interested in a new or used car, or are looking for a second or third car for the family.
If necessary, we can move directly home for the signing of the contract, knowing that people who want a car loan sometimes have mobility difficulties.
To simulate your credit application , you can use our simulation tool at the top of this page. This one is of course free and without commitment. Select the amount you need and the repayment term, and you’ll have an idea of the monthly repayments.
Here are the main benefits of Internet estimation, a practice very common and accessible to all.
With a simple online simulation, in one or two minutes only, you have the opportunity to get all the details related to your payday loan project.
This initiative allows you to easily compare the different offers available on the market, to select the one that seems the most advantageous and the most reliable for you. No need to make a physical appointment in agency, the entire application process can be done virtually.
In most cases, the sites that offer the estimate can also send their request directly. Nevertheless, even if the tool to project on a consumer credit is very useful, it is always useful to turn to professionals in order to have advice, or even to ask the intervention of a credit broker , to negotiate the best terms.
We guarantee you a very fast response. You will be immediately fixed on the possibility of granting you the payday loan or not. If your request is accepted, all you need to do is complete a few formalities and sign your contract. You will then receive the money from your current account within 48 hours of signing the contract.
You can borrow money on a range from € 1,250 to € 100,000. The payday loan is made as well for your little wishes as for the project of your life.
The borrowing capacity depends on the situation of each person. In general, it is considered that he must remain, to a single person the amount of 740 € to live after the payment of all these charges (rent, credits …) and 880 € for a couple. However, each situation is handled on a case-by-case basis and depending on your credit company , you may be able to negotiate terms.
For this type of credit, we have set a minimum duration and a maximum duration for repayment. You can take out a payday loan for a period ranging from a minimum of 12 months to a maximum of 84 months (7 years). Exceptionally for the owners, we can extend this duration to 120 months.
To obtain a loan , you must be over 18 years of age and reside in Belgium (or the Grand Duchy of Luxembourg). You must have regular income and you can not be registered in the national file of payment incidents of the National Bank of Belgium.
We have extensive experience in the sector because we are an agency specialized in payday loans in Belgium since 1980. We have a network of branches all over Belgium and the Grand Duchy of Luxembourg. Thus, you will always have a qualified advisor near you. We are also reachable by phone and via our website. If necessary, we also go to your home free of charge for the signature of the contract.
We are an independent company of any financial group, which is guaranteed to receive objective advice. Credit is our only business. We are therefore more qualified and more attentive to the needs of our customers. We offer you a paydayized service and offer offers matching your profile and your needs. We also promise a fast and discreet service.
The Global Effective Annual Rate, also called APR, differs from one situation to another. The calculation of the APR depends on the amount borrowed, the length of the repayment period, the annual fixed debtor rate and the payment terms. The APR is 10%. A concrete example ; If you take out a loan of 20,000 € over a period of 5 years, your monthly payments will amount to 420,71 €.