Approval Speed

Fast, usually 24-48 hours

Longer, with more documents

Immediate, uses illegal way

Qualification Criteria 

Flexible, allows lower credit scores

Strict, high credit scores needed

No formal check, but dangerous enforcement

Interest Rates 

Competitive rates with transparent fee structure

Lower rates but may have hidden fees

Extremely high, leads to debt traps

Loan Amounts

Small or large loans, flexible terms

Limited short-term options, high minimum amounts

Small loans, short repayment, high interest

Hidden Fees 

none, clear costs

May have processing or prepayment fees

Many hidden costs with threats for late payments

Safety and Legality 

Fully licensed, legally protected

Regulated

Illegal, using threats and violence