CategoryPersonal Payday Loans

Personal Payday Loan and Revolving Credit the Differences

Personal payday loan and revolving credit differences is a frequently asked question that I will try to answer here. They both have advantages and disadvantages and depending on what you are planning with the credit, only one is a good choice. Not only the interest is important, but also the conditions and the duration of the various loans can be crucial.

The amount of the loan also plays a role, you often see that a slightly higher loan amount can give a considerably lower interest rate. Especially with a revolving credit this can have a major impact on your monthly expenses.

Personal payday loan and revolving credit the differences

Personal loan and revolving credit the differences

Let’s just get straight to the point by summing up the most substantial differences with regard to these two types of loan. For the sake of clarity, I assume the loan of 20,000 euros. What should you pay attention to and how do you choose one of them so that you know exactly where you stand with interest, duration and conditions.

The revolving credit in the news

The revolving credit in the news

There has been some stirring over the revolving credit lately because an interest rate has been implemented for a number of people. No repayments were made with the monthly installments, but only the interest was paid. A vicious circle that you will no longer be able to reach, because you will not pay anything off, the credit will remain open for the rest of your life. A good lender clearly indicates when interest rates can rise and up to how much. Then you will hardly be faced with unpleasant surprises.

These are the differences

These are the differences

The differences are in different parts of the two credits. This is the interest, the duration and the conditions. These are listed below.


Revolving credit: Variable. You only pay interest on withdrawn amounts.
Personal payday loan: Fixed during the entire term. From day 1 you pay the interest on the total amount.


Revolving credit: Can be extended again after the expiry of the term and you can withdraw repaid installments.
Personal payday loan: Fixed term, this cannot be extended. You can no longer include repaid installments.


An interim risk analysis can be made for the revolving credit. This means that if your personal circumstances change, the interest rate may fall or rise. With a Personal payday loan this analysis is made at the beginning and no matter what happens, the interest never changes. You can apply for both loans from € 2,500.

Depending on your goal


So above you can see the differences in both loan forms. It should be noted that if you are going to do a large expense in a go for a car, a camper or a new kitchen, for example, you better opt for a Personal payday loan. Often the interest is also slightly lower. If you just want some money in hand for emergencies, then you opt for revolving credit.

Good Lender – Personal Payday Loan

For more than 100 years, Good lender has been with the family, always aiming to meet the needs and desires of its clients.

It has a wide variety of products and services: fashion, appliances, bed, table and bath, utilities, electronics, carpets, curtains and even financial services and products.

All done with quality and the very good taste that Good lender has!

Partnership between Good lender

Partnership between Good lender

Since March 2016, Good lender has an innovative partner (the first and largest Personal Payday Payday Shopping Mall in Brazil).

Thus, customers can request, at no cost and without commitment, an offer of Personal Payday Credit Good lender wherever you are, through your computer, tablet or smartphone, and evaluate the conditions for hiring.

Personal Payday Loan of Good lender

Personal Payday Loan of Good lender

  1. You fill in a complete Personal Payday Payday registration on our 100% secure website (your information will only be used to evaluate your credit, you enter your Personal Payday and professional data.) Important: you need to enter your real data because Good lender can request proof of your register.
  2. If Good lender offers possibilities (you will receive this information during the registration, just after completing the basic registration) you will be asked to complete the registration with the data requested by Good lender to evaluate your credit and also the loading of your documents ;
  3. And if all goes well, we will be very happy together with you, as we help you to get your desired loan with Good lender!

* If you have not received a contact during the given time, you can also go to one of the stores in Good lender indicated to continue the evaluation of your credit.

Benefits of Personal Payday Loan Good lender

Benefits of Personal Payday Loan Good lender

  • Installment up to 15x with up to 40 days to pay *;
  • One of the best interest rates on the market.

* Subject to credit analysis.

The Personal Payday Loan interest rate can vary from 7.9% to 15.9% per month. The CET may vary from 8.43% to 16.72% per month (164.13% to 539.28% per annum), depending on the customer’s credit analysis and the installment option, which can vary from 3 to 15 months. Check conditions at the store upon hiring.

Representative example:
Amount financed: R $ 3,000.00. IOF: 3% I Interest rate: 14.9% am Term: 15 months I CET: 15.39% am / 457.37% pa Plot: R $ 520.80