Archive April 2019

Loans Without Certificates Available in Loan Companies

Are you looking for a loan without certification?? They certainly do not go with this intention to a traditional bank. In such institutions, in fact, from 2012 you have to take into account much more rigorous conditions when it comes to allocating financial loans. Such rules were introduced by the Polish Financial Supervision Authority in response to the very poor economic situation in Poland. Since then, each application has been examined in terms of creditworthiness as well as the lack of unpaid debts. Therefore, all clients who are on the list of Credit Information Bureau can say goodbye to the loan provided by the banks.

They will hear the same negative decision if they do not meet the minimum creditworthiness requirement. Banks must check carefully whether the applicant receives regular sources of income. These include, among others, money received under a contract of employment, civil law contracts or benefits such as pensions or pensions. If this condition is not met, according to the bank, the potential borrower is unable to pay off the liabilities.

People without creditworthiness, no alternative?

People without creditworthiness, no alternative?

The KNF has indeed introduced significant changes in the functioning of banks. However, they do not apply to non-bank institutions, ie all loan companies, without having a proper register on the list of banks.

Those who are still interested in loan certificates can easily turn to this type of institution. Most of them actually offer waiting times, which are made available only after showing only the ID card. Filling in the form takes only a few minutes, and you can apply for a cash loan via the Internet. Most often, the only requirement is simply to send a scan of your ID card.

Sure, some people wonder how specific outlets will check whether a given customer is solvent at all and whether he sometimes lends money to earlier debts with which he has a lot of trouble. Well, in this situation, such data sources about potential clients as the Economic Information Bureau or the National Register of Debtors turn out to be helpful. At present, only the British loan company Tongfah Bank is using BIK. In previous sources, the data is not as accurate as in the Credit Information Office. Therefore, the lenders defend themselves with slightly higher interest rates for the loan granted and a short repayment date.

Costs Related to Loans Bank Credit Charges – How to Choose a Loan

The cost of the loan

The cost of the loan

What to do to know all the costs associated with loans?? If you are interested in this subject, leave your duties for a few minutes and read today’s article, which contains the most important information on this issue.

What determines the amount of loan costs

What determines the amount of loan costs

It must be emphasized that a lot of people are well aware that the costs associated with loans are not just the interest rate itself. A lot of course depends on the amount of a given mortgage, consolidation, investment, etc. In addition, clients must estimate what repayment period will be the most profitable for them. Of course, it would be best to pay installments as briefly as possible… However, you need to consider your financial options in this regard. Remember that the longer you pay off your loan, the more money you will eventually give to the bank. It is not surprising then that a lot of people are going to take loans for the shortest possible period, although of course this is not always possible – taking into account, for example, their earnings in a particular workplace, etc.

What else to pay attention to when choosing a loan

What else to pay attention to when choosing a loan

It should be noted that the costs associated with loans also involve fees and commissions set by a specific bank. It must be emphasized that each institution has such requirements. However, this can not be surprising. Banks simply want to make money on loans. This means that the customer must pay for the service of each commitment. The longer the bank deals with a specific loan, the more money goes to its “safe”, of course. You must also take into account the interest rate on a particular loan, and sometimes also its insurance. There are many people who decide on such a solution, because they know that it is a kind of a safety valve in case of various unfavorable circumstances that could prevent timely repayment of the loan. If, on the other hand, someone takes loans in foreign currency, he must take into account that he will pay the spread.

No wonder that people who want to take a loan in the near future, are wondering what to do to make the fees as small as possible… It is definitely worth considering parameters such as rrso. This is the actual annual interest rate. This ratio most accurately determines all costs associated with loans. The smaller the rrso, the better for the banking client. Keep this in mind.