In the area of credit and financial relations, the question of “ where to get it cash loan? ”is fully entitled to exist.
The answer is unambiguous: yes, it is quite possible to take out a cash loan. Moreover, this service is almost as widespread as before. But compared to ten to twenty years ago, nuances appeared.
The option of obtaining a loan by electronic money
Those who are strongly concerned about “where money loan cash loan” pushing that to date, commercial banks, specialized financial companies (such as MFI, FC, lenders mortgage, etc.) consider issuing loans to individuals and small business – electronic money, with their transfer to an electronic bank card (electronic account).
That’s right, so it is. But it should be understood that electronic money is not entirely cashless. By and large, within the financial system, electronic money is the same money, but existing in a special, electronic form. With modern banking equipment (ATMs, terminals) and online banking / trading services, electronic money can easily be converted into cash notes, and vice versa, rotate in virtually the same sphere of payments between individuals, between individuals and legal entities as cash.
To take money in cash
Where to take money in cash if the amount of loans to commercial banks or MFIs are credited to the electronic banking card? in fact it is not difficult, but it will have to work hard. There are several real options where to get a cash loan , with the transfer of electronic money into cash form.
- Cash transfer of electronic bank card through ATMs. It all seems simple: I went up, inserted the card into an ATM, performed the necessary manipulations, withdrew money from the card with notes. But on this simple way of the borrower there is an unpleasant surprise: usually on the bank card issued by its bank (card holder) the daily limit of the amount of cash withdrawal is set. The amount of this limit may vary greatly depending on the cardholder bank. Thus, if the amount of credit credited electronically to a bank card exceeds the daily withdrawal limit with it (which is the vast majority of cases), it will not work to withdraw it in one “approach” to the ATM. It takes at least a few, or at most, a few dozen such visits to the ATM. It can take several days or even weeks to transfer the entire amount of credit received in a straightforward manner . Of course, not every borrower has that amount of time. Therefore, this very straightforward answer to the question ” where to get a cash loan ” is suitable for a very small number of them.