The non-bank loans market in Poland satisfies various consumer needs. With a high degree of certainty it can be said that in principle there will be an offer for everyone. Also for people who have less unusual sources of income or a difficult financial situation.
Online payday loan for everyone or who?
Certainly, the most desirable customers for loan companies are people with a stable financial situation who can additionally show a positive credit history. Meeting these conditions is the best way to secure borrowed funds. Because you have to remember that, in principle, all non-bank loans are subject to financial risk that the entity that grants them incurs. In order for it to be a payday loan for everyone, companies must manage this risk in an appropriate way. And this translates into a large variety of conditions on which payday loans are granted.
Entities offering non-bank loans very strongly personalize their offers. They prepare them based on the possibilities and needs of borrowers. This is particularly important in the sphere of formalities, which must be completed. We mean the necessary documents, certificates or conducted verification procedures. Of course, certain offers, depending on the level of financial risk, are reflected in the final terms of the contract. Who and under what conditions can benefit from specific offers?
Free payday loans
Free payday loans are certainly the most tempting and desirable offers on the market. Is it possible to borrow money at no extra cost? Yes. And contrary to appearances, such offers are not enough. Free payday loans refer to the first loan that a specific person takes out in a given company. Her APRC is actually 0%. Offers from reliable entities are in line with the declarations. Additional fees will not surprise us. If we repay the liability on time, it will be the same amount as we requested.
It is difficult to generalize and clearly specify the requirements that a person applying for a free payday loan should meet. These vary depending on the specific offer. But usually the client should have a positive financial history and have a stable source of income at a certain level. When looking for these types of offers, which are undoubtedly bargains, it is worth paying attention to the latest payday loans. Often, entities just entering the market in this way try to familiarize customers with their offer and brand.
Loans for retirees and pensioners
What is the character of the loan offer for retirees and pensioners? What facilities can this group of consumers expect? First of all, a pension is considered a source of income, often necessary to grant a loan. Sufficient confirmation can be episodes from the last few months. You do not have to have a bank account to receive payday loans, which is a great convenience for many pensioners. Money can be collected, for example, using the Giro check at the nearest Polish Post office. You can also apply for funds at the stationary branches of loan companies.
Moments for young people
Young people up to 30 years of age are the largest group using non-bank loan offers. At the same time, they are customers who mostly choose payday loans online. An issue that needs special attention is the somewhat limited availability of offers for young people. These are the youngest, i.e. people aged 18 and 19. Most non-bank entities direct their offer to people over 20 or 21 years old. This, of course, is associated with increased financial risk that affects transactions with young people.
Among the offers of payday loans we find those that are directed to students. How do lenders help students get the funds they need? The most important thing is the acceptance of other employment confirmation agreements than just an employment contract. In addition, some companies also look favorably on income from occasional, temporary or seasonal work. Important in the context of demonstrating sources of regular income is that they can also be a scholarship or social scholarship. For lenders, this is usually sufficient confirmation of financial credibility.
Offer for companies
Lending a business to a bank is not always easy. Quite strict conditions of granting the loan mean that most companies can forget about such financial support. Relatively recently, loan offers for companies have appeared among non-bank companies. Money, unlike in the case of individual clients, should be allocated strictly to expenses related to the company’s operations. An important difference is also that companies can apply for significantly higher funds than private consumers. The loan period is also much longer.
Loans for the unemployed
What about the unemployed? Does the lack of permanent employment disqualify them from the group of people who can apply for a non-bank loan? Not necessarily. There are other ways to confirm their financial credibility than just an employment contract. For many borrowers, information about other regular sources of income will be equivalent. They may be, for example, alimony or permanent income from the rental of real estate. Often, a sufficient form of confirmation is a bank statement for the last few months.
Offers for those in debt
Indebted are certainly a group for lenders that involves higher financial risk. But there are also plenty of offers for this group. These are usually payday loans without BIK or BIG, i.e. without verifying the debt from credit and economic bases. Of course, debt is unequal, which is why companies approach specific contracts individually. The source of income and its amount will also be an important factor here.
The offer for the indebted includes also consolidation loans, which allow for the conclusion of a new contract on much more favorable terms, and thus a reduction in the monthly installment of liabilities.
Payday loans for foreigners
One of the basic requirements that a borrower should meet is to prove Polish citizenship. Does this mean that non-bank loans are not available to foreigners? As usual, and in this category, you will find several offers. Foreigners should have stable, clearly documented income and a clean credit history to receive funds.
All payday loans are available in one place
The richness of offers on the payday loans market can be a bit overwhelming. To find the most advantageous offer in this “thicket”, it is worth using comparison websites offered by industry portals. We will also find new payday loans that have just appeared on the market.