Making ends meet is a huge challenge due to inflation. Most people find it difficult to wait till Payday. In the absence of payday loans, people borrow money from friends, relatives, or financial institutions when they need it.
It is difficult for most Pakistanis to get loans from banks and major financial institutions due to the strict requirements. This disadvantage drives them to borrow from loan sharks at extremely high interest rates.
Such loans become a back-breaking burden for the borrower, and it takes years to get out of debt.
Fortunately, in recent years, several private lenders have focused on financial inclusion to bring financial resources within reach of the marginalized.
Good News for Salaried Individuals and Freelancers
Recently, two such organizations, RIZQ and EZ WAGE, started collaborating to provide payday loans on convenient terms to the working class.
RIZQ is a simple app that helps you manage your money. You can use it to make money every day, get loans, save money for your goals, pay bills online, and get health insurance.
EZ Wage is a money platform that lets you get your salary as a payday loan without any trouble. You can take out your salary before payday to meet urgent expenses.
There are no hidden fees or interest rates. It’s easy to use and helps you get your money when you need it.
How RIZQ and EZ WAGE Are Helping Pakistanis?
EZ Wage and RIZQ are working together to help salaried individuals and freelancers. They want to make it easy for these people to get payday loans online and start building a good credit history.
They have signed a memorandum of understanding to show that they are working together to help people manage their money better. They want to help people when they have sudden expenses or need some extra money.
So, the next time you are in a crunch and can’t wait till payday, you won’t have to ask friends and relatives for favors.