Month: November 2019

The best non-bank loans

by James Ford

 

 

 

Here, we can count on a loan with an upper limit of up to PLN 15,000 and a payback period of up to 36 months, i.e. 3 years. It is obvious that the longer we want to pay back the loan, the more we are exposed to additional costs.

Non-bank loan

money cash

  • The amount from PLN 1,000 to PLN 15,000
  • For a period of 3 to 36 months
  • Money on your account in 15 minutes
  • First loan up to PLN 15,000 for free

The APRC for a representative example is 78.6%. A loan in Zaplo can be applied for if you are over 21 years old and do not have recorded debts in the debtors' databases and in BIK.

Edlina Loan

money cash

It is a company that appeared on the non-bank loans market a few months ago. New customers can count on a loan of up to PLN 6,000 and steel up to PLN 10,000. The loan repayment period can be from 3 to 24 months.

You can apply for a loan at Edlina Loan if you are over 21 years old and have a stable income.

Non-bank loan

  • Up to PLN 25,000
  • Repayment time from 12 to 60 months
  • Required resident
  • Bad credit history is not important

Lendon

money cash

At Lendon, we can use the first loan for free. The upper limit for new customers is PLN 3,000. The company offers loans for 45 days.

Cash momentary

  • Up to PLN 6,000
  • Repayment time up to 45 days
  • Up to PLN 3,000 for free
  • Money even in 15 minutes

To be able to apply for a loan in Lendon, you must be 23 years old and have a bank account. Regular customers can count on increasing the maximum loan limit to PLN 5,000.

Wong

money cash

At present, this is the best offer available on the non-bank services market. I dare say so, because Wong's proposal carries the lowest costs, because it has the most favorable interest rate on the loan among other offers. Regular customers can even count on a loan of up to PLN 10,000.

Non-bank loans

  • Up to PLN 1,500 for 60 days
  • Up to PLN 20,000 for 60 months
  • Cash on account in 15 minutes
  • Non-bank installment loans

APRC for a representative example of 262.7%.

It is worth noting that Wong's offer is very rich, because we can count on an ordinary short-term loan for 30 days - absolutely free, as well as a loan with a repayment deadline of 60 days - here the fee is only 10 zlotys, regardless of the amount of the loan granted .

The offer of the company can be used by persons who are over 18 years old, have an ID card and do not have debts in repayment of other loans and credits.

Provident

money cash

Until recently, Provident was associated with loans granted at the client's home. At present, the company has met the expectations of its customers and has enabled self-service loans with installments on the website.

5 × 0 self-service loan

  • The amount from PLN 300 to PLN 20,000
  • Repayment time from 3 to 48 months
  • Quick transfer to the account
  • Internet application

The APRC for a representative example is 9.87%.

The offer is available only to people who have adequate creditworthiness, and at the same time have no debt in repayment of other loans and credits, including bank loans. The loan amount can be from PLN 300 to PLN 20,000. Repayment period from 3 to 48 months. People who are at least 18 years old can apply for a loan.

How to take mortgages safely?

by James Ford

When buying a flat or a house, we often face many problems that keep us awake at night. However, there are several methods, the use of which will make buying a home supported by a mortgage a reason for joy, not for eternal worries.

 

Examine your creditworthiness and real possibilities

Examine your creditworthiness and real possibilities

Sometimes a dreamer comes out of each of us. Undoubtedly, this happens when you buy your dream apartment. Often, when looking for a suitable apartment, we have precisely defined expectations regarding its size, location, room layout and quality of workmanship. Unfortunately, when talking about finances, we often experience disappointment, because it turns out that our dream apartment is out of our reach because of its high costs. Therefore, remember to start changing your apartment first of all by visiting a financial advisor who will do two very important things for us: he will indicate the maximum creditworthiness and present the amount of monthly installments and additional costs associated with the loan. In addition, the broker firm advisor will prepare a mortgage offer from several banks. It is very important - thanks to which we know how much money we can spend on buying the dream apartment. Only then can we really start looking for a suitable property, without the risk of disappointment at a later stage.

 

Try to collect the largest possible own contribution

credit loan

Bank mortgage ads tempt you with the possibility of crediting the entire purchase of an apartment, without having to have your own previously saved money. Of course, such offers exist and there are more and more of them, and they are also better prepared. If we decide to take such a step, we have to take into account the much higher costs of credit than in the case of own payment of 20 or 40 percent of the property value.
This happens mainly for two reasons. First of all - almost every bank has higher margins that are an interest rate component, the lower the client's financial involvement in purchasing real estate. This means that people who want to finance a purchase in whole or in large part from a loan cannot count on such conditions as a customer financing a smaller part of the purchase with such a loan.
Secondly, most banking offers require additional credit insurance in the event of insufficient or no total down payment. The most common limit here is 20 or 30 percent of the own contribution.

 

Get rid of unnecessary financial burdens.

mortgage loan

Both monthly installments of currently repaid loans as well as other financial charges such as: limits on a personal account or on a credit card, company loans, alimonies, costs of maintaining children or a car are fully taken into account in banking scoring, i.e. the calculation of the maximum amount available loan. The rule is very simple here: the sum of all loan installments is subtracted from the client's net income. However, the charges that the customer actually has are not always taken into account by the bank. For example, very often a bank accepts a fixed amount as the cost of maintaining a house or flat, most often depending on where you live. Very often this amount has little to do with actual costs, because in most cases it is much lower than actual costs (rent, utility bills, etc.). The customer's charge of credit cards and account limits is treated similarly. Here, unfortunately, the rule is the opposite: most (but not all) banks take as their load the entire value of the maximum limit available to the client, regardless of whether this limit is actually used in its entirety or only in a small part or at all. Often, even the limit on a credit card that the customer has not activated is 100% taken as a charge.
Therefore, getting ready for a mortgage, let's get rid of unnecessary ballast in advance. If you don't need the credit card we have - just close it. Similarly, the limit on ROR. It is also worth considering the early repayment of small cash loans, whose monthly installments can seriously reduce our creditworthiness.

You should not be afraid of a mortgage. This is, after all, one of the foundations of the functioning of trading in a free market economy, and - so far - no one has come up with a better option for the functioning of the market. However, remember to do it wisely.