Payday Loan without Formalities.

Payday Loan without Formalities.

 

Non-bank companies are slowly losing the monopoly on quick loans. Products of this type can be found more often in banks. Despite the similarities at first glance, there are also differences that are important from the perspective of the client. It is worth knowing them before we choose a solution for themselves.

The non-bank market is both short-term loans (usually for a period of 30 to 60 days), whose value is for the amount of PLN 3,000, as well as installment obligations, for which you can borrow more for longer. An application for such products is usually made online.

To start the application procedure, the customer usually only needs an ID card (sometimes you will still need an income certificate), a mobile phone, an email address, a device with internet access and a few minutes to complete the application.

In the case of non-bank loans, all formalities have been kept to a minimum and the money on the account can be on the same day. When choosing a short-term loan, the client may also count on the abolition of the costs of such a commitment. Putting his money back on time, he only returns the borrowed capital – without additional charges in the form of interest or commission.

The above description is, of course, a very general outline of the activities of non-banking companies. Nevertheless, you can see elements that make customers more and more willing to direct their steps just for such solutions. The possibility of borrowing money for free, the lack of excessive formalities or quick withdrawal of cash are elements that have not been sought in the bank until recently.

A quick loan in the bank. Offers to choose from

A quick loan in the bank. Offers to choose from

Banks, however, react quickly to customer preferences and catch up. For this reason, quick loans without formalities, and often without costs, have ceased to be the domain of non-banking companies . We can currently find similar offers at banks. Here are some examples of proposals.

Free cash loan at Getin Bank

Free cash loan at Getin Bank

The loan offer for PLN 0 at Getin Bank is addressed to people who previously did not have any credit relations with the bank. We know this condition well from the non-banking market, where only new clients of a given company can use the free loan.

By choosing Getin Bank’s proposals, we can borrow from PLN 500 to PLN 2,000 (which is more or less such amounts as liabilities in non-bank companies), with the option to pay for 12 months. The interest rate and commission in this case is PLN 0 . In twelve equal installments, the customer therefore returns exactly as much as he borrowed.

The advantage of this solution is undoubtedly the annual repayment period. In non-bank companies, usually this loan should be returned after 30 or 60 days. In Getin Bank, the repayment will certainly be more convenient.

A completely new loan via the Internet at PKO

A completely new loan via the Internet at PKO

A loan similar to a payday can also be found at PKO. The bank declares that, like non-banking companies, the money is able to be paid out on the same day. In this case, however, we can not count on the total abolition of the loan costs. Admittedly, PKO does not charge a commission for borrowing money or fees for early repayment, but we will pay interest here. Such a policy can also be found on the non-bank market – especially among companies that do not have a free loan in their offer.

In the case of a loan offered by PKO, it is possible to borrow amounts ranging from PLN 1,000 to PLN 10,000 (which is much more than letting debtor companies) for a maximum period of 15 months . The offer is addressed to clients who did not have a loan or credit at PKO before and the contract is signed online.

Nest Cash at Klik

 

Many loan companies declare that they are able to withdraw money as soon as several minutes from the moment the application is processed. At the same time, we can also get a loan from Nest Bank. This institution is willing to borrow much more than punitive brands – n even 30,000 PLN with repayment option for 60 months . In the case of this offer, we do not bear the costs related to interest, but we will have to pay a commission fee.

Similarly to the non-banking market, the application for the title credit is made online, and the bank will be able to present the initial decision and loan conditions as soon as it is completed.

Is quick loan in the bank profitable?

Is quick loan in the bank profitable?

Analyzing the above-mentioned offers, it is hard not to notice that quick loans in the bank have many features identical with the offers of the non-banking market. A minimum of formalities, a simplified application process, or a quick cash withdrawal are the elements that customers will appreciate.

However, it is worth remembering that banks are still approaching the creditworthiness of a client a bit more stringent than loan companies. For this reason, incurring liabilities in the non-banking sector may turn out to be a bit easier. Choosing the right solution will therefore be an individual matter. However, if you decide to make a commitment to a loan institution, use the services of companies where, to our knowledge, you have the best chance of a positive consideration of the application. Here they are:

 1 2 3 4 5 4 (4325 votes) PLN 1,000 from PLN 100 to PLN 3000 30 days from 5 days to 45 days PLN 0 APRC: 0% Submit an application » Detailed information

  • Details of the loan
  • Requirements for the loan
  • Charges and costs of delay
  • About company

General terms and conditions of loans at Lendon Free first loan: YES, up to PLN 3,000 for 45 days Possible loan amount: from PLN 100 to PLN 3 000 Possible loan period: 5, 10, 15, 20, 25, 30, 40 or 45 days Age: from 21 years to 70 years Payday loans: standard 30 – 40 minutes Databases checked by Lendon:

  • BIK
  • ERIF
  • KRD
  • BIG
  • InfoMonitor
  • The Union of Polish Banks

Representative example of a loan in Lendon: Registration fee: PLN 0.01; the total loan amount of PLN 500; the duration of the contract is 30 days; interest rate 0%; preparation fee 0%; administrative fee PLN 0; the total amount to be paid is PLN 500; Actual Annual Interest Rate (APR) 0% Your current loan settings: You borrow PLN 1,000 For a period of 30 days Number of installments: 1 You give up: PLN 1,000 The cost of the loan: 0 PLN The repayment date is 25/05/2019 Use filters to change the parameters of the loan Documents needed to submit an application:

  • ID card (information from this document should be provided in the loan application),
  • bank account of which you are the sole owner (necessary to confirm the identity and / or payment of the loan),
  • e-mail adress,
  • mobile phone,
  • address of residence on the territory of PL.

Age: To get a loan at Lendon you must have: from 21 years to 70 years Also read:

  • How to get a loan at LendOn?

Payments for the loan and costs of delay in repayment:

Commission for a loan: 0 PLN

Interest: PLN 0

Fee for extending the payment deadline:

If you are unable to return the loan according to the deadline specified in the contract, you can use the refinancing option.

 

Remember that refinancing involves additional costs. For a sample loan of PLN 1,000 for 30 days, the refinancing costs will amount to PLN 207.

If you want to use refinancing, pay a refinancing fee to the lender’s account.

Costs of delay in repayment:

If you are late with the timely repayment of your loan, LendON will add additional costs in the form of statutory interest (Article 481 § 2 1 of the Civil Code).

For a loan of 1000.00 PLN it will be 0.38 PLN for each day of delay.

Other effects of non-payment of the loan within:

If you do not repay the loan on time, in addition to the statutory interest described above, you must reckon with the fact that:

  • the lender can sell your loan to a debt collection company or directly refer the case to court, and you will be charged for such actions,
  • in the case of a delay exceeding 60 days, you will be entered in the debt registers of InfoMonitor Biuro Informacji Gospodarczej SA, Krajowy Rejestr Długów Biuro Informacji Gospodarczej SA, ERIF Register of Debtors Biuro Informacji Gospodarczej SA, KBIG and other BIG databases, as well as Biuro Informacji Kredytowej SA, which will reduce your creditworthiness and reduce the chance for another loan,
  • you will not meet the promotion conditions for the free first loan. This means that you will be charged standard loan costs in accordance with the Lendon fees table,
  • you can expect different calls for payment.

 

  • PKO Bank Polski,
  • Bank Zachodni WBK,
  • PeKaO SA,
  • Millennium Bank,
  • Alior Bank,
  • mBank SA,
  • Getin Noble Bank,
  • Kredyt Bank,
  • Eastern Bank of Sugar Industry

Other brands of this lender: belongs to Cremafinance Poland Sp. zo.o .. The company is also the owner of other non-bank brands: Extraportfel, Retino, Finto. Even if you have already used loans in one of these companies, you can easily take advantage of the offer of a free loan for new customers. Loan company: FIRMA LOANS: MDP Finance Sp. z o. o

  • Details of the loan
  • Requirements for the loan
  • Charges and costs of delay
  • About company

General terms and conditions of loans at Wandoo Free first loan: YES, up to PLN 2,500 for 30 days Possible loan amount: from PLN 300 to PLN 2,500 Possible loan period: 10, 20 or 30 days Age: from 20 years to 70 years Payday loan: up to 15 minutes Databases checked by Wandoo:

  • ERIF
  • KRD
  • BIG

Representative example of a loan at Wandoo: A representative example for a loan granted by a loan institution to which WANDOO FINANCE Sp. z oo provides a loan brokerage service: Total loan amount PLN 1,000, duration of the contract: 30 days, annual interest rate: 0%, commission: PLN 250, total interest: PLN 0, Actual Annual Interest Rate (APRC): 1410, 33%, the total amount to be repaid by the Borrower: PLN 1,250, the total cost of the loan – PLN 250 (as at September 26, 2016). Your current loan settings: You borrow PLN 1,000 For a period of 30 days Number of installments: 1 You give up: PLN 1,000 The cost of the loan: 0 PLN The repayment date is 25/05/2019 Use filters to change the parameters of the loan Documents needed to submit an application:

  • ID card (information from this document should be provided in the loan application),
  • bank account of which you are the sole owner (necessary to confirm the identity and / or payment of the loan),
  • e-mail adress,
  • mobile phone
  • document confirming employment or receiving stable income,
  • address of residence on the territory of PL.

Age: To get a loan at Wandoo you must have: from 20 years to 70 years Also read:

  • How to get a loan at Wandoo?

Payments for the loan and costs of delay in repayment:

Commission for a loan: 0 PLN

Interest: PLN 0

Fee for extending the payment deadline:

If you are unable to return the loan according to the deadline specified in the contract, you can use the refinancing option.

 

Remember that refinancing involves additional costs. For a sample loan of PLN 1,000 for 30 days, the refinancing costs will be PLN 130 for 14 days or PLN 200 for 30 days.

If you want to use refinancing, log in to the profile created during registration and follow the instructions posted there.

Costs of delay in repayment:

If you are late in timely repayment of your loan, Wandoo will add additional costs in the form of statutory interest (Article 481 § 2 1 of the Civil Code).

For a loan of 1000.00 PLN it will be 0.38 PLN for each day of delay.

Other effects of non-payment of the loan within:

If you do not repay the loan on time, in addition to the statutory interest described above, you must reckon with the fact that:

  • the lender can sell your loan to a debt collection company or directly refer the case to court, and you will be charged for such actions,
  • you will not meet the promotion conditions for the free first loan. This means that you will be charged standard loan costs in accordance with the Wandoo fees table,
  • you can expect different calls for payment.

 

  • mBank
  • Bank Millennium,
  • Alior Bank,
  • Bank Zachodni WBK,
  • PKO BP,
  • Pekao SA

 

  • Details of the loan
  • Requirements for the loan
  • Charges and costs of delay
  • About company

General terms and conditions of loans at Netcredit Free first loan: YES, up to PLN 3,000 for 30 days Possible loan amount: from PLN 300 to PLN 3,000 Possible loan period: from 14 days to 30 days Age: from 20 years to 70 years Payday of the loan: depending on the content of the borrower’s instructions, after the loan agreement enters into force Databases checked by Netcredit:

  • BIK
  • ERIF
  • KRD
  • InfoMonitor
  • The Union of Polish Banks

Representative example of a loan at Netcredit: For an example loan of PLN 1000 for 30 days (Promotional Repayment Terms) the APRC is 0% (calculated as at 25/01/2018); total loan amount: PLN 1000; fixed interest rate: 0%; total cost of the loan: PLN 0, including: Commission PLN 0, Interest PLN 0; duration of the contract: 30 days; total amount to be repaid: PLN 1000. For a sample loan PLN 1000 for 30 days (Standard Repayment Terms): APY is 674.24% (calculated as at 25/01/2018); total loan amount: PLN 1000; variable interest rate on an annual basis: 10%; total loan cost: PLN 183.20, including: Commission PLN 175, Interest PLN 8.20; duration of the contract: 30 days; total amount to be repaid: PLN 1183.20. Your current loan settings: You borrow PLN 1,000 For a period of 30 days Number of installments: 1 You give up: PLN 1,000 The cost of the loan: 0 PLN The repayment date is 25/05/2019 Use filters to change the parameters of the loan Documents needed to submit an application:

  • ID card (information from this document should be provided in the loan application),
  • bank account of which you are the sole owner (necessary to confirm the identity and / or payment of the loan),
  • e-mail adress,
  • mobile phone,
  • Polish nationality,
  • address of residence on the territory of PL.

Age: To get a loan at Netcredit you must have: from 20 years to 70 years Also read:

  • How to get a loan in Net Credit?

Payments for the loan and costs of delay in repayment:

Commission for a loan: 0 PLN

Interest: PLN 0

Fee for extending the payment deadline:

If you are unable to return the loan according to the deadline specified in the contract, you can use the refinancing option.

Learn more about this service

Remember that refinancing involves additional costs.

Costs of delay in repayment:

If you are late with the timely repayment of your loan, Netcredit will add additional costs in the form of statutory interest (Article 481 § 2 1 of the Civil Code).

For a loan of 1000.00 PLN it will be 0.38 PLN for each day of delay.

Other effects of non-payment of the loan within:

If you do not repay the loan on time, in addition to the statutory interest described above, you must reckon with the fact that:

  • the lender will charge interest and commission in accordance with the standard repayment terms,
  • the lender can sell your loan to a debt collection company or directly refer the case to court, and you will be charged for such actions,
  • in the case of a delay exceeding 60 days, you will be entered in the BIG and BIK debtors’ registers , which will reduce your creditworthiness and reduce the chance for another loan.

 


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