If you want to find a type of financing that is always accessible, there are not only permanent loans. There are other financing products that have this feature of being always accessible and that may suit you more if a pre-granted loan does not. Let’s see what they are:

 

Payroll advances

Payroll advances

Payroll advances are more a service than a financial product. A very usual service in any bank. If you domicile the payroll and request it, most of the time they will grant it to you if too many conditions. You may hire some additional product such as a credit card, if you don’t have one, but it doesn’t involve a great bond.

Its operation is very simple. You can ask the bank to give you the payroll you have domiciled. This will have no cost to you, just when you enter the payroll will go directly to pay the advance of the payroll you requested. You can request this payroll advance service a limited number of times a year, usually about 2 or 3 times.

 

Payroll loans

Payroll loans

This is a financial product similar to payroll advances from those that differ in the longer repayment term and in the possibility of being able to request more money than just the amount of your payroll.

This product does have interest rates and associated commissions although much lower than a traditional personal loan.

 

Credit card

Credit card

It is a well-known financial product. A great financing tool that, if not used properly, can cause serious financial problems.

With a credit card you have money at hand whenever you want although it is highly recommended to pay everything used at the end of the month and not fall into default because their interest rates are very high, being the financing product with the highest interest, Only mini-credits have a higher interest rate.

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