The Buy Way cash reserve offers the possibility to use a reusable credit line. This form of credit facility is offered under the banner of Buy Way Line. It is an ideal form of financing for people who do not need money for a specific purpose, but who want to have extra money in reserve in a flexible way. The credit line is reusable because amounts that have been repaid afterwards can be withdrawn at any time as desired. It is therefore an excellent financing solution with a flexible character that offers a solution in situations where money is needed at several times.
Borrow up to 15,000 US dollars
When choosing Buy Way 's cash reserve, the opportunity is offered to borrow up to 15,000 US dollars. The minimum amount to be borrowed is set at $ 5,500. After the credit opening has been accepted, a transfer of the desired loan amount can be made very easily to the bank account. This can be realized within two working days. The available amount can always be consulted via a special application that can be installed on the smartphone or on a tablet. It is also possible to gain insight into the outstanding amount through Homebanking. Furthermore, the option is offered to repay the loan amount in monthly installments. The advantage is of course that the repayments made can be used again and again.
Simulate your loan
What amount do you want to borrow?
What payment term do you want? (months)
A Belgian legal provision applies to the cash reserve . This concerns the zero setting. This means that, according to this legal provision, the borrower must have fully drawn down the amount of the credit opening including the costs and interest before a specific zero date. This prevents the debt from continuing indefinitely and therefore offers the borrower the necessary protection through the obligation to have repaid the loan for a certain period of time. Incidentally, the zeroing is only temporary. Namely after this obligation is Demorei, the borrower has again the complete freedom to withdraw the amount in parts or in whole. However, a new zeroing date that is further in the future must be taken into account. In principle, the Buy Way Line is offered for an indefinite period, but the date of the zeroing must therefore be taken into account.
Home banking and application
Homebanking offers the opportunity to request a transfer from the credit line to the bank account. It then takes a maximum of two working days before the money is in the account. Monthly statements are made available and the latest transactions can be viewed just like the available amount. The Buy Way App offers the same convenience for the cash reserve. The flexible credit can be applied for online. The application can be made by first selecting the desired amount which is between $ 5,500 and $ 15,000. Subsequently, the application can be made immediately and the file will be processed.