On the internet, we find various types of non-bank loan proposals offered by both loan companies and individuals. They often advertise as: ” loans without bikes “, ” loans with bailiffs ” or without ” on the spot, as proof, without checking creditworthiness “.
It would seem that nothing but take. But such conditions are only seemingly attractive. How can one borrow money to a person who has financial problems on attractive terms? If the bank refused to credit, it had a basis for it, for example due to lack of creditworthiness or lack of a positive credit history in BIK. The inability to obtain a loan or a loan from a bank is a broad spectrum of activity for loan companies that will borrow money, but for a high fee or for pledge of movable property.
Loan companies are not subject to the Polish Financial Supervision Authority, and this means that they are more liberal towards assessing the creditworthiness of customers.
Loan companies, both online and fixed, borrow money for a short period of time, up to 30 days, so-called payday loans and for a long period of time, up to 48 months (installment loans usually not exceeding PLN 10,000). Separate loans are cash loans secured against movables (eg cars). In the latter case, contracts are often constructed in such a way that in the case of even the slightest delay, we may lose the pledge.
In any case, a non-bank loan is usually the maximum interest rate, high commission and additional fees. It should be taken into account that all these costs are much higher than in banks. The total cost of a loan expressed by the APRC is many times higher than the same bank loan.
Why are such loans so expensive? It can not be cheaper? No. Loan companies borrow their own capital and have to compensate for the higher credit risk of their clients.
Short-term loan via the Internet – worth using?
In general, it should be a wide arc to avoid loan companies and use such loans. We will not only avoid high costs, but also temptation of quick and easy money. However, if we have already decided for a payday, it is only under two conditions: it is a payday for free and for a small amount. We should never borrow in loan companies to pay off other debts. It only heightens major financial problems.
Waiver for 0
That is a loan in a loan company for PLN 0. We give away as much as we borrowed. The total cost of a payday loan is PLN 0. APRC 0%. (Read also: Loans for free loans? Naïve trap? ). Practically, a free-of-charge is only available at online loan companies. Remember not to suggest that the website says that the first loan is for free, only check the rules and contract.
Moment of 300 PLN
This should be the upper limit of the non-bank loan, which is a payday loan. This is to be an emergency aid for an unforeseen and urgent expenditure, not a loan for the purchase of consumer goods. The less we borrow, theoretically it should be easier for us to give away. Nevertheless, we only borrow (and even less) how much we can give back.
Moment 30 days
As the name suggests, it is a loan for a short period of time. The vast majority of loan companies grant such loans up to 30 days, so it is a very short period of time. It’s one credit installment in the bank. With limited net income, we can not borrow too much and it is necessary to include such a loan in the home budget. In the event that we borrow the day before the payment on account and then the entire remuneration will be issued, we will not have the money to settle the debt. The moment we borrow is as important as the loan amount.
Momentum 45 days or 60 days
Which one to choose a minute and which will be better: a 30-day payday or a 45-day payday? A momentary for a longer period, provided, of course, that it is free, should be a better choice, but. Such illusory sense of “gained time” in repayment may result in the fact that we will not put aside money to settle the debt. The best option is therefore not borrowing in loan companies, but if such a story happens to us, the loan should only be used in reliable loan companies, borrow the smallest amounts, pay off on time without renewing and read the regulations and contracts before signing the contract.
Is it worth using a loan from a loan company? 4.4 (88.57%) 7 votes
Non-bank loans via the Internet non-bank loans via the internet