Cash machines, i.e. devices enabling the loan application to be filled, have become a solution for many consumers for a temporary lack of money when shopping. Half a year has passed since the debut of these machines on the Polish market, which is why we decided to check whether this method of reasoning has accepted in our country despite many fears.
What is a cash machine?
Shortly after the holidays, devices appearing in the shape of ATMs appeared in several major Polish cities. However, unlike an ATM well known to all, a cash machine requires an ID card instead of an ATM card. Cash machines allow not only the request for payday loans, but also its immediate payment.
Who can use the cash machine
The first cash machines that appeared in our country offer the possibility of borrowing funds exclusively at Viloan. The company operating the machines is open to attract new partners, if the project is accepted it seems to be a matter of time when the loan offer will be extended. It is worth noting that the criteria for granting loans are the same for both online applications and cash applications.
How cash machine works
To complete the loan application in cash, we need an ID card and a mobile phone. First, select the loan parameters and complete the basic data, as well as provide your mobile number. Then we scan the ID card from both sides and use a camera located above the keyboard to take a picture of ourselves. This is an extremely important step in the process of completing the form, because the employee of the loan company is required to accurately compare the photo from the ID card with the photo taken by the machine. An SMS reply is sent after about 15 minutes to the telephone number indicated in the application. If the decision is positive, then just go to the machine again and enter the code provided in the message, so that the money will be paid to us.
Security and cash
Just before the launch of the machines, there were many concerns about consumer safety. The speed and convenience that the cash machine guarantees us does not always go hand in hand with 100% security. It should not be said, however, that cash machines threaten us more than outlets where you can get payday loans in 15 minutes. In both cases the final decision on granting a loan or rejecting an application is made by a person. A qualified employee of a loan company who thoroughly verifies both the application and photos – it is compared with the ID card to the one that was made when filling out the application. In addition, devices detecting false ID cards are installed in the cash machine. If, for example, our ID is stolen and reported to the police then there is no chance that the thief, who in the photo would look exactly like us, would obtain a positive loan decision.
Despite security assurances, not everyone wants his ID card to be scanned in a crowded shopping mall, which is understandable. Cash machine, like any device, has its pros and cons. For those who are not convinced to use this type of equipment, we recommend traditional online loan application completion.