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SMS loan – what is it and for whom is it intended?

Today, no one can imagine life without a mobile phone. Everyone on earth statistically has at least one cell phone. They are not only used to make calls, but also have many other functions. In a word, they changed our life beyond recognition.

It is no wonder then that loan companies have made great use of technological development and, in order to meet the expectations of customers, began to grant loans using telephone and sms.

This is undoubtedly a big step forward, because the conclusion of credit or loan has always been associated with a visit to a bank branch or credit office and standing in a queue. And today, when saving time and formalities is important, it is an additional and excellent tool to acquire this demanding customer.

SMS loan – for whom?


This type of solution is intended both for a customer with a good credit history, having creditworthiness in a bank, but who appreciates the time, convenience and minimum procedures, as well as for people who in the past had a problem with repayment and their data entered the register of debtors.

Due to the availability of the product, financing applications using SMS has become popular among young people. According to the Credit Information Bureau statistics published in the BIK Trendy report, more people are indebted to the non-bank market in the age group between 18 and 24 years than in banks.

Everyone who uses modern technology values ​​the availability of various services. By phone we can make a transfer, order a taxi, buy a holiday or take out a loan. And all with a few clicks.

The process is characteristic – firstly, the conclusion


Taking a loan for an SMS is possible without leaving your home. To take advantage of the offer, all you need is a personal ID, mobile phone and bank account (ROR). The first step is to complete the form on the Loan and Credit website. Then we receive an SMS confirming the submission / registration of the application.

The analysis usually takes a few minutes and we learn about a positive decision issued via SMS. Everything is done without income documentation, without verification of the place of employment, only based on the data entered in the application.

Confirmation of customer data


The second step, after issuing the decision, is to confirm our data. Each company individually sets the content of the sms – usually it is a pesel, the loan amount and the repayment period.

Confirmation of data for an institution is crucial because it must be sure that the person on the other side is the one he claims to be. The company protects itself in the event of a loan extortion, i.e. fraudu.