SMS Credits Cheap and Fast

When instant credits were available in Lithuania, the biggest innovation was not that they could be borrowed online. The biggest innovation was sms credits. It was an unprecedented proposal. Until then, getting a loan required crossing the road. They had to find an offer, gather the necessary documents from various institutions, deliver everything to the bank and wait for the bank to respond. Even the fastest person could take a whole week to at least hear the initial answer. And the latter was not always positive!

In these circumstances

In these circumstances

Sms loans appeared which allowed the loan process to be accelerated to the maximum. And that peak is already well-known and commonplace today – 15 minutes. In some cases, credit could also be given over the phone in just minutes. Be that as it may, it was something nobody in Lithuania had seen before. In a sense, it was a real loan revolution that meant that people’s borrowing habits would change dramatically. And they have changed.

Over time, the situation began to change slightly. Lithuanian Financial Market Supervision Authorities have begun to monitor the issuers of quick loans more closely. The result is a series of laws that restrict the granting of such credits. First it was decided that loans to the unemployed could no longer be granted. After that, other requirements were introduced. Lenders could no longer lend on their own internal processes. Now the information had to be checked with official, state-owned information channels and databases. All of this was aimed at reducing the growing number of indebted people and eliminating access to high-risk social groups (who are unlikely to be able to repay their loans on time).

However, the issue of sms credits still remains, as their popularity has not disappeared anywhere. The question is very simple: can sms credits be offered today as cheaply and quickly as before?

Cheapest sms credits in 15 minutes

Cheapest sms credits in 15 minutes

The short answer is – yes. But things are no longer as simple as they used to be. In the past, as we mentioned, virtually anyone could get instant credit in just minutes. And today the situation has changed quite dramatically (as we discussed in the previous paragraphs). However, if you meet a few important criteria – get a steady income and have a job – then cheap sms credit may be available to you.

There are two companies that offer instant credit loans that have been doing this right from the start of instant loans. These are the aforementioned sms credit. These are, but are not limited to, the major companies that provide credit via SMS. You can also find online loan or loan refinancing offers on these lenders’ websites. However, their main area of ​​activity is sms credits.

You may also notice this in their minimum borrowing amounts

You may also notice this in their minimum borrowing amounts

Which are among the lowest in the market. As is the case with companies offering such credits. You can borrow from these companies for as little as $ 50. Make no mistake, though – not only are borrowing amounts low but interest rates too. In addition, both lenders often offer various promotions. Even now, both are almost the only lenders to offer your first instant credit for free! This is especially true when borrowing on the phone when you usually want to borrow only a small amount of money.

But always remember that regardless of everything, you have to check the interest yourself. Never blindly trust any information until you verify it yourself. The same applies to the information provided on the pages of the credit companies themselves. Sometimes different terms written in small letters can mean significant changes in the end result, so be careful when borrowing sms credit.

Military housing supplement – which bank will accept a cash loan?

A professional soldier working on a contract or permanently is entitled to a dwelling where he is on duty. However, there are situations when an employee does not get an assignment and then he receives compensation, i.e. a housing allowance. This is a fixed amount paid monthly into the account, which should be intended to be rented.

Housing supplement as an income?

Housing supplement as an income?

Banks have different approaches to additions and if it is a permanent one in the contract, there is a chance that it will be accepted in the calculations. This is the case with regular statutory bonuses or 13 in budgets.

The situation is different when these additions depend on other factors and can be taken over time. These include a housing allowance because he is entitled to the time of service in a given place and then can be taken or renewed.

That is why there is a problem that banks willingly accept it, but there are banks where it is worth going because of experience in accordance with the policy, you can recognize this income.

Which banks accept housing benefits?

Which banks accept housing benefits?

The list of banks is current for November 2019 and may change over time, so if you have questions, please let me know and we’ll check if anything has changed.

  • Good Finance Bank – as one of the smallest currently with a small number of outlets, is able to accept this supplement as income. Loan amounts are maxed USD 200,000, however, the simplified process applies to amounts from USD 100,000 gross. Income verification is based on the account receipts from the employment contract/contract and transfers from the Military Property Agency as a benefit.
  • Good Credit Bank – as above, there is no problem with military lending because it is the target group for this bank. The loan amount is even USD 200,000, but it is usually reduced to USD 100,000 gross. Income documentation is based on providing receipts for the last 3 months, except for amounts up to USD 45 thousand. Above this amount, you must also provide a statement of earnings on the bank’s print and complete the application with full statements for 3 months.
  • E-Money Bank – also accepts housing benefits and is based on the same proceeds, although if it is more convenient for us, we can provide a statement of earnings. The loan period is up to 144 months and USD 200,000.

The housing benefit is worth taking into account when calculating because it will always improve our ability unless we manage without this supplement. Here, if we are not sure whether it will help or not, please contact me. A lot of such topics are processed and my services are free.