Payday loans – who can use them?

Since the global economic crisis a decade ago, banking institutions have tightened the requirements for potential clients applying for loans significantly. In Poland, a person who wants to take a loan from a bank must have a spotless credit history and high earnings, which means that many people cannot count on help. Fortunately, thanks to parabanks you can receive a sudden injection of cash without any major formalities.

Who is the short-term loan for?

Who is the short-term loan for?

The financial continuity of many Polish families is very fragile, one extra expenditure is enough to fall into a spiral of debts. It doesn’t matter if you need new home appliances, a school kit for children or a family vacation, payday installments will be a great solution. This type of loan will be used primarily by people who have uninteresting credit history, have been bailed in the past or simply do not have a stable source of income. The formalities associated with obtaining a short-term loan are kept to a minimum, no pay slips are required, and no BIK reports are collected.

Step by step formalities

Step by step formalities

Persons who are interested in payday loan installments must first submit an application for keeping it. This can be done in three ways: in person at your facility, online or by phone. In each of these cases you should bring your ID card with a photo, a short form will be filled in, the waiting time for a loan decision is a maximum of 15 minutes. If the answer is positive, you will have to go to the nearest parabank office in person, taking your ID card and loan application number with you.

On the spot, the employee will help in completing the contract and explain all its provisions accurately. When choosing the loan amount, you should realistically assess your financial capabilities. Payday loans have a high interest rate in the event of late repayment, so it is better to avoid such situations, because it can drive us into even larger debts.

Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.

 

Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.

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