Negative credit decision at the bank? Get a non-bank installment loan
Are you planning to renovate an apartment that you want to finance with a loan? Due to lack of creditworthiness, the bank refused to finance you? Do not worry! By using the services of loan companies you will be able to receive up to PLN 25,000.
Today we will check what requirements the lender places on clients and how much does the installment non-bank loan cost.
Although loan companies are associated mainly with popular payday loans, many of them also grant installment loans. By using the services of non-bank lenders you will be able to borrow up to tens of thousands of zlotys, and you will spread the repayment into several or several dozen monthly installments.
Loan companies more flexible than banks
When examining loan repayment ability, loan companies are much more favorably than banks looking at less reliable customers. Negative credit history in BIK, mature age or low income no longer have to be an obstacle in receiving additional funds.
Although many companies providing installment loans verify credit history in the Credit Information Bureau, low scoring is not synonymous with a negative loan decision. The option of borrowing money from a loan company is therefore a great support for people who are struggling with the consequences of failed financial decisions in the past.
Where to start?
If you want to take out a non-bank installment loan, the first step should be a thoughtful choice of lender. By using the services of a company that enjoys trust and a stable position on the market, you will not fall victim to fraud and abuse. You will also be able to count on great service, transparent procedures and individual approach.
How do you find a reliable lender? It would be a good idea to analyze the loan rankings available on the internet and to read the opinions of other clients.
Before choosing a lender, please also check whether he is a member of the Association of Loan Companies (ZFP). ZFP is an organization that promotes the highest business and ethical standards on the Polish non-bank loans market.
The choice of lender and the loan amount
The choice of lender should also be dictated by your financial needs.
Depending on the company, the maximum loan amounts are different.
You can apply for only 25,000 from one lender – Profi Credit.
You will be able to borrow PLN 15,000 from Provident, and you can get loans of PLN 10,000 from 5 companies:
- ned heat
- Monedo Now
- Super Penny
- Yes it’s Fianse
You will be able to borrow PLN 7,500 at Hapi Loans, and PLN 5,000 – at Ratka, Ferratum Bank, OK loan, Aasa and Banknote.
The following information illustrates the amounts of loans and the maximum repayment period in individual companies:
- Profi Credit – PLN 25,000 for 36 months
- Provident – PLN 15,000 for 24 months
- Monedo Now – PLN 10,000 for 36 months
- Payment – PLN 10,000 for 24 months
- In Credit – PLN 10,000 for 24 months
- Super Penny – PLN 10,000 for 48 months
- TakTo Fiane – PLN 10,000 for 36 months
- Hapi Loans – PLN 7,500 for 24 months
- Installment – PLN 5,000 for 24 months
- Ferratum Bank – PLN 5,000 for 24 months
- OK loan – PLN 5,000 for 30 months
- Aasa – PLN 5,000 for 24 months
- Banknote – PLN 5,000 for 12 months
- Wonga – PLN 3,000 for 12 months