A free quick loan, also known as an interest-free loan, is a short-term loan that is free of interest and commission. This offer gives you the opportunity to borrow for the first time completely free of charge.
Fill out an interest-free loan application
The interest-free loan is only offered to new clients who are borrowing for the first time from a lender offering interest-free loan and commission. The loan is issued at no additional cost (no fee is charged for the application for the loan, consideration of the application for the loan and issuance of the loan).
Interest-free credit costs
You must register on the lender’s website. After registration you will be given your user profile. Each customer is required to approve a user profile in order to apply for credit online. You only need to confirm your profile once. You transfer $ 0.01 (1 cent) from your bank account to the lender’s bank account and your user profile is activated. Once activated, log in to your user profile and apply for the amount of money you want to borrow.
First credit free
For example, if you borrow 200 dollars for 30 days, you will have to pay back the same 200 dollars after 30 days. All without commission and interest. The annual percentage rate of charge (APR) for the first loan is 0% (the annual percentage cost of the loan).
Assumptions for the calculation of the annual interest rate
- Loan amount: $ 150 (max 200 dollars or as much as the lender offers)
- Credit granting fee: $ 0
- Credit term: 30 days
- Registration fee (payable only once): $ 0.01 (1 cent)
Most Latvian fast credit lenders offer to extend the loan repayment term. If you are unable to return the money on time, you have the option of extending the repayment term of the principal. This is a paid service. This is also a paid service for the first time. If you are granted your first loan free of charge, then choose the maximum repayment term available, as the first time the loan is free of commission and interest. It should also be noted that you have the right to early repayment.