Non-bank loans are often a great alternative, if the payday loan turns out to be too short or the repayment deadline is too short, or if for some reason the bank does not want to grant us a loan, or too much of it, and we need extra money as far as fast. Installment loans in non-bank companies are granted approximately at the same time as payday loans. Sometimes it takes just a few minutes from the time you submit your application to receive your loan decision. Sometimes it can take less time than an advertising block on TV.
Everything’s fine. It is very nice that there are institutions that will gladly support us when we need it, only the problem arises when we should decide on a particular company. Who would have thought that this could be a problem. Not so long ago, because in the early 90’s we didn’t have such problems. The non-bank loan market has just appeared in Poland and there was no choice.
Non-bank loans were not only associated with otherworldly interest rates, but they were most often used by clients who did not have any creditworthiness and often even without the means to live to meet their basic life needs. Often it ended very badly for them. Interest was rising at an alarming rate and it was impossible to get out of it. Fortunately, the anti-usury act came to the rescue a few years ago, which protected the client’s interest to some extent and no longer allowed such high interest rates on loans.
Private loan companies grow like mushrooms after the rain. Some arise, others disappear from the market, but we still have a lot of choice. Often, private companies’ offers compete with banking proposals. Lending companies have assumed that this is the only way to bounce customers back to banks. Another argument often in favor of parabanks are formalities limited to the minimum necessary.
Banks often impose so many requirements on clients that sometimes a man wills pay off a little more, but have peace of mind. In private loan companies, we do not have to submit a heap of statements, attestations, applications and other documents. Often, all you need is a statement about the amount of income or employment you have signed. Verification of our data consists of paying a verification transfer, possibly using special applications. It’s definitely a simpler way. And this way definitely fewer loan applications are rejected.
It is obvious that borrowing money has some obligations. When deciding on non-bank loans, you must first find conditions that are convenient for you, i.e. conditions that will not be a problem for us. We are talking here not only about the loan amount, but also about the repayment date and various types of costs related to it. To facilitate it, we have prepared for you a loan ranking for 2019, which will certainly help many people choose the best loan for themselves.
Where does the term “loan installment from …” come from? Why don’t loan companies specify at first what the monthly installment will be? If we have already visited the websites of loan companies, we have certainly come across more than once to determine that the monthly installment from a certain amount there. What can result in the inequality of installments in granted loans?
And in this matter, loan companies are not much different from banks. The difference may be due to the fact that one customer is more reliable, another less, one has a nice credit history or BIK and the other less. It is known that then this trustworthy will receive a loan on more favorable terms, with a lower installment. That is why, before signing the loan agreement, you should know exactly what the monthly installment will be, so that when you receive the repayment schedule, it does not turn out that it looks completely different than we expected.
Below are proposals for installment loans that are worth paying attention to. The benchmark will be a loan amount of PLN 5,000 with a 24-month repayment period. These parameters are not random. The vast majority of loan companies offer loans close to PLN 10,000, they will also lend us our expected PLN 5,000. It is similar with the repayment period – the vast majority of non-banking companies offer 24 or 36 month repayment periods.
Numerous studies and analyzes clearly show that more and more people are seeking loans. Unfortunately, not everyone knows where it is worth borrowing extra money. Don’t grope and learn the loans ranking for 2019.
When we decide to reach for the extra money, the first thought is a bank loan. Unfortunately, reality has shown many times that not everyone can afford it. After all, numerous banking procedures and a stack of documents necessary to submit to the bank are not the only obstacles to success. In many cases, the lack of creditworthiness turns out to be a considerable and often impossible to overcome problem. In this situation, the only solution for many turns out to be a non-bank loan.
Fortunately, nowadays borrowing money from non-banking companies is much simpler than it might seem at first. The whole undertaking is facilitated by the fact that today almost every adult Polish citizen can easily apply for loans via the Internet, i.e. those where leaving the house is not necessary at all.
Before we decide on this one, the best offer for us, it is worth reviewing several rankings, getting acquainted with the opinions of customers, paying attention to several elements, such as, for example, loan holidays, extended repayment period, time in which the loan is granted, whether it is granted completely via the internet or maybe via courier. These are quite important elements, it is worth paying attention to them before we sign the contract.