Loans that are granted for a period of 30 days are also referred to as payday loans. In fact, in relation to traditional bank loans, they are granted for a while. And some of them have a repayment period of 15 days.
To receive a quick bank loan, we often have to submit a stack of applications, including various income statements. It is no wonder that banks prefer to run credit cards or to offer their clients revolving loans. However, in order to get a financial product, you also need to have fixed income of a certain amount. In addition, you also need to focus here on the credit history and fees associated with running such a credit card.
Recently, the offer to take a break for free is very common
Such offers are directed primarily to new customers who have not yet used financial products in a given non-banking company.
However, if you already use the traditional payday again, you have to take into account the specific fees. And such costs include, among others, a verification fee, which should be paid when submitting the application and confirming your real data. Most often it is a symbolic penny or zloty.
Of course, there are interest rates added to the costs, and sometimes also insurance. Although not every non-bank company uses such a system to secure your loan.
Certainly in each case we start to pay attention to the real interest rate, that is RRSO
In some loan companies it is a very high rate of up to 1000%. However, this does not mean that all other non-bank institutions are maintained at this level.
For example, hypocredit offers loans for a period of 30 days to which the APRC is added, amounting to approximately 400%. You have to remember that it just looks terrible. Namely, the interest rate per year is extremely high. But the loan itself is usually granted for 30 days.
If you want to borrow a break, we have to take into account certain conditions that will be set for us. Namely, the payday loans are distinguished by a small amount that can be borrowed. As a rule, it is a sum ranging from PLN 100 to PLN 3,000. The repayment period is from 30 days, sometimes up to 45 or 60 days.
It is not uncommon to find an advertisement in which loan companies offer us debits as an identity card or a loan without certification. Remember, however, that it does not absolve us from providing real personal data. It is also very important to have your own bank account.
Checking credit history records on loan applications
Even in loan companies, we can meet products without checking our data at BIK. But this does not mean that our credit history is not verified in other institutions.
And what about certificates of fixed income?
Instead of a certificate of earnings, it is often enough to simply make a statement, i.e. enter the monthly income we receive on a monthly basis. After positive verification, we are left with nothing more than to determine the amount we ultimately need and what period of repayment we are interested in. With the same bank accounts that the loan company has, the requested amount may be on our account even within 15 minutes.
It is worth getting acquainted with at least a few offers, thanks to which we will do a research into which company the loan will be profitable for us. For this purpose, it will be best to try a professional financial comparison.