Payday loans without BIK – are they still available?



If you have debts not paid in banks or you have not paid off your liabilities to banks, then negative entries in BIK appear. A negative history in BIK may translate into serious difficulties in obtaining new financial products to also apply to payday loans .

Can you find financial products that allow you to borrow money without checking BIK?


In general, only banks can check BIK information. However, information in BIK can also be checked by other companies after consenting by clients. Many companies require this permission when applying for a financial payday loan . If the company checks this information then customers have negative entries in BIK may not be able to get a payday loan. Of course, a lot depends on what entry is in BIK.

Many payday loan companies do not take into account such liabilities in BIK, which were paid in a delay, even if the payment was made as part of bailiff enforcement.

Many companies take into account only currently unpaid financial liabilities, which are found in BIK. However, generally checking information in BIK with a bad history significantly limits the chances of obtaining a payday loan.

Payday loans without BIK

Companies providing payday loans without BIK are less and less on the market.

However, you can still find financial companies that do not check such information, that is, do not request permission to check such information from customers. If you want to find such companies, the best solution is to check the information available on the Internet. On financial portals, you can find information about the requirements of individual payday loan companies as part of granting payday loans.

On such sites you can find information about companies that do not check the information contained in BIK. Most often this applies to companies that provide payday loans for a short period of time. Quick payday loans generally can be obtained without checking BIK. However, such payday loans are not granted on favorable financial terms, but they can always be a solution in the event of an urgent need to borrow funds on the financial market.

Lack of checking BIK for longer lending periods

If you are looking for companies that provide medium-term or long-term payday loans without checking BIK, they are generally companies that operate on the payday loan market by providing secured payday loans. Such secured payday loans have much lower risk for financial companies due to the lack of payday loan repayment by customers.

payday loans’ collateral may include, among others, payday loans granted for security of movables as well as real estate. In general, mortgage collateral is recognized on the financial market as the best security for borrowed money.

Such protection allows to provide the most favorable conditions on which payday loans are granted in medium and long-term payday loans, as financial companies can borrow even larger sums of money without high risk.

Payday Loans in Portugal: know all




Whether it is to make your dreams come true by buying a trip , a home remodeling or just to cover an unexpected expense, payday loan in Portugal can be a great help in addition to the monthly budget. Still, there are some cautions that you should keep in mind.

Simulate payday loan quick approval

Whether over the phone or the Internet, it is now possible to apply for funding relatively simply.

Payday loan is included in the consumer credit scheme and therefore, banking and credit institutions must comply with certain standards when it is granted.

Know the main criteria to consider if you are considering applying for a personal loan in Portugal.

What is payday loan in Portugal?

payday loan is a type of loan that allows you to request a specific amount of money and repay it every pay date through fixed installments over a certain period.

One of the criteria for regulating these loans is the value of maximum interest rates. The Annual Effective Charge ( APR ) can not be higher than the current value, set by the Bank of Portugal .

In view of this assumption, you must always inform the institution of the purpose of the claim. If your application is intended to fund studies , pay unexpected health expenses, or place solar panels at home, for example, the maximum fee will be lower than that applicable to other credit purposes.

If you do not inform the bank about the destination of your loan, the maximum rate applied may be higher.

What types of payday loan are there?

Consolidated credit

The consolidated loan is a type of personal loan whose goal is to join the monthly installments of several loans into one.

By aggregating a number of loans, you will get a smaller loan and get better financing terms (this will make your interest rate more accessible and the loan term will be extended). This is a way to avoid over-indebtedness and help manage the family budget better.

Specialized Credit

A specialized credit , whether it is to finance studies, travel or pay for health care, must always be communicated to the bank so that it can obtain the most favorable financing conditions for the purpose it seeks.

Both the APR and the methods of payment and the amount of the monthly installment differ according to the type of credit requested.

Fast credit

The rapid credit is characterized by a process more agile and simplified approval to provide the money in your account. The request is usually made by phone or online and you can expect to get a response from the bank in less than 48 hours.

In addition to speed, this type of financing is distinguished by the ease with which it can be requested, since it does not need to change banks to do so.

What care should you have?

When hiring a personal loan you should measure the impact of the monthly installment on your family budget, since this monthly allowance will be maintained over an extended period of time.

Before making a final decision, we advise you to compare the various options available in the market, making sure that you contract the credit that best suits your possibilities.

As a customer, you have the right to be informed about all the characteristics of the product you are contracting and that must be included in the Normalized Information Sheet (FIN). The financial or credit institution has a duty to help the client to understand this document and to clarify additional doubts.

It is also a right of the consumer, if he wishes, to withdraw from the credit agreement within a maximum period of 14 days from the date of signature, without it being necessary to indicate the reason. By giving up the credit application you will have to repay the loan amount and pay the interest due within 30 days.

You can also proceed to early repayment of the loan amount. To do this, you must inform the credit institution at least 30 working days in advance. If the loan is a variable rate, you will not be charged any early repayment fee.

However, if the contract is fixed rate, the early redemption fee will be charged to you in a percentage of up to 0.5% of the amount of the capital reimbursed, if more than one year is left before the end of the contract, or up to 0.25% if one year or less is missing.