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Quick loans for entrepreneurs

Wait a minute, ie quick loans granted to those who could have a problem with receiving money from a bank, are associated primarily with the so-called retail sector. Firms lending small amounts of money for a short period of time specialize primarily in servicing private individuals. However, the segment of quick loans for entrepreneurs has been developing quite strongly for some time.

Fast cash also for companies

Fast cash also for companies

The target group is the common denominator of the offers. To run for such an old loan you need to run a business. And, what is important, it must be a one-man operation. In our country this group is as much as 95 percent. segment of microenterprises. They are the ones who have the most problems with access to external financing. If you go to the bank, you hear that the company must operate for a minimum of 12 months, provide numerous safeguards and wait for a decision of at least a few days. These entrepreneurs are primarily owners of small neighborhood stores, hairdressing salons.

Money in 48 hours

Money in 48 hours

It is a maximum of 48 hours. If the money is borrowed by the consumer and not the owner of the company, he can get the money practically from his hand. Where does this difference come from? First of all, there is an additional document to be verified. The speed at which the loan is granted is also influenced by the way the payment is made: to the account or through a representative. The variant with overflow extends the whole procedure by day. Here you need to submit much more documents. These include utility bills, a certificate of non-arrears in social security contributions or confirmation of payment from the last 3 months.

Lender gives entrepreneurs the option of using assistance insurance. As part of the package, the entrepreneur can count on legal and tax telephone information provided by lawyers, as well as accounting information provided by telephone. For this, unlimited economic information. Lender’s customer can also count on the help of an IT specialist, locksmith, plumber, electrician, roofer, bricklayer, glazier, heating and air-conditioning equipment technician. He can also take advantage of the supervision or transport of property, service of office equipment. The insurance period begins on the next day after the day on which the insured concluded a loan agreement and continues until the end of the loan agreement. Companies advertise the possibility of flexible repayment.

The entry of brands into the micro-enterprise service segment is a risky move. Even for banks that scan their clients extremely accurately, people running a business are a segment of ‘uncertain’ clients. But that’s why all can succeed. Especially, that many entrepreneurs are still struggling with the problem of unpaid invoices and payment hold-ups. Considering that the clients of “instantaneous” companies are an increased risk group, proposing such a product to entrepreneurs can count on increased revenues.

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Borrow 1000 dollars mini loan with instant payment to your account!

1000 dollar loan

1000 dollar loan

If you have to overcome a major financial bottleneck, you can take out a USD 1,000 mini loan. The advantage of a mini loan over 1,000 USD is its short term, which is accompanied by only a low interest charge. You can use a 1,000 USD loan to pay rent claims or high bills. You can also borrow the money to be solvent if you are currently unable to access your capital. Here we tell you how you can take out a 1,000 USD loan and what you should consider with mini loans.

Which providers offer a $ 1,000 mini loan?

Which providers offer a $ 1,000 mini loan?

If you want or need to take out a loan of more than 1,000 USD, you should carefully consider whether a mini loan with a short term is really the right thing for you. If you are sure that you will be able to pay just under 550 to 750 USD for the installments over the next two months, everything is fine. However, the total cost of the loan with an installment loan or financing should be cheaper despite a longer term. Aside from the fact that monthly rates are also lower, which gives you more leeway in case further unexpected costs come up.

You can first apply for a USD 1,000 loan from your house or other bank. The pure credit request is usually Credit Bureau neutral. You can get as many offers as you want. Only if you submit a loan application and it is rejected can this affect your Credit Bureau score.

If the banks deny you your $ 1,000 loan, your next point of contact should be a personal loan broker such as Infra bank or Cream Bank. There you can borrow money from private individuals. The loans are processed through a bank. Such portals evaluate your creditworthiness and if it is not too bad, you can submit your loan application there.

If you need the money quickly, you can of course also apply for a mini loan from a provider such as Best Bank, Nice Bank or Lender Bank. If you have done this before, you are certainly familiar with the conditions. As a first-time customer, you can only borrow 1,000 USD from Lender Bank. The term is 62 days and the repayment is made in two installments, of which the first 31 days after the loan approval has to be paid.

Who can take out a 1,000 USD loan?

Who can take out a 1,000 USD loan?

Every adult with a German account can take out a 1,000 USD loan if, depending on the lender, they have their main residence in Germany or Europe. A corresponding credit rating is required for such a loan. If you don’t get money from a bank, you should try to borrow money privately. The best places to go are agents like Infra bank or Cream Bank.

If that doesn’t work or you don’t have enough time to wait for the loan to be approved and paid out, you can also borrow the money from Lender Bank. You do not need to provide proof of income at Lender Bank. Even a negative Credit Bureau score is not automatically an obstacle. Unless you are over-indebted, your chances are good to get a 1,000 dollar loan.

What is a 1,000 USD loan needed for?

You can use your USD 1,000 loan for whatever you want. However, it rarely makes sense to take out such a mini loan for consumer goods. If you cannot pay your rent because you have not yet received your salary, you should first contact your landlord to request a delay in payment. If you have to pay an unexpectedly high bill, it is advisable to consider the option of paying in installments.

A loan of 1,000 USD can also be taken out to replace defective large devices. If your refrigerator stops working, there is certainly little time to replace it. If you don’t have the money right now, you can take out a mini loan provided it is certain that you will be able to meet the total loan cost during the short term. Large electrical appliances such as refrigerators can in most cases also be paid for in installments.

A 1,000 USD loan can also be useful if you have the money but are not currently liquid. For example, if you have invested your money in a fund, it may not be available to you directly. You must first sell a sufficient number of fund units before you can spend the money. Since it can take some time before you have the money at your disposal, you can take out a mini loan that you can repay with the money from the fund in good time.

How quickly is a 1,000 USD loan paid out?

Lender Bank pays out a USD 1,000 loan within 15 working days. If you can’t wait that long, you can speed up the process for an acceleration fee of 259 USD. In this case, payment is made within 24 hours.

An installment loan, whether from the bank or a personal loan broker, is usually paid out within a few working days once the loan is approved. If you need money quickly, you can try to defer payment. Most companies are very accommodating to something like this, especially if you can show that they will have the money soon.

When do you have to repay a USD 1,000 loan?

When do you have to repay a USD 1,000 loan?

When you take out a loan, you choose a specific term. At Lender Bank this is 62 days with a 1,000 USD loan. This is paid in two installments, of which the first 31 days after credit approval is to be paid.
For the other loans, the repayment depends on the agreed conditions. Some lenders grant a waiting period of a few months. Then you only pay your installments from the agreed time. Otherwise, the repayment phase usually starts shortly after the payment.

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Debt in Islam – Definition, Law and Types

There is no prohibition on having debt in Islam. Even Islam advocates helping others who are struggling, especially those who are in debt.

However, a Muslim is prohibited from being involved in debts accompanied by usury or interest.

Understanding debt in the view of Islam is very simple. Debt is a transaction between the two parties with the understanding that the first party hands over money to the second party voluntarily to be returned again at a predetermined time in accordance with the agreement.

Debt law in the opinion of the scholars is permissible or permissible. The party conducting the debt is encouraged to determine the time to return the debt as outlined in a written agreement and witnessed directly by the witnesses.

 

The principle of debt in Islam

Islam has taught several principles or manners in debt and debt. Among these are explained in the following points.

1. Record debts

Accounts payable receivable transactions should be recorded clearly. Recording is done by stating the amount of property or goods borrowed and the payment due date. The agreement can be written in the form of a letter of agreement or other written evidence.

To reinforce the fact that there have been accounts payable debt transactions can be added by witnesses who also signed the agreement letter. The recording is intended to strengthen the transaction so that the heirs can fulfill their obligations later if one party dies.

 

2. Paying the debt immediately

When a debt transaction occurs, a contract occurs. Debtors are required to immediately fulfill their obligation to pay their debts in accordance with the maturity date. So, ulfill the promise to keep the debt payment based on the contract or agreement that was agreed at the beginning.

 

3. Debt only for urgent needs

Islam does allow debt or give credit to help others who are in trouble. However, debt is not recommended if it becomes a habit. Especially if the goal is mere mere consumptive purposes, such as buying a new cellphone or funds to buy a vehicle.

Therefore, owe if only in urgent conditions. Only as not accustomed to debt. You can also start setting aside at least 10 percent of your income for emergency funds. So that when needed, you do not need to seek debt from other people.

 

4. Collect debt

3. Debt only for urgent needs

One obstacle for lenders is when debt is due but there is no payment. In such conditions, the creditor has the right to collect the debt in a good manner.

There is no harm in reminding the due date of the debtor as there is a possibility that he is forced to use the payment money for other emergency needs and has not yet gotten a replacement to pay off the debt.

 

5. Using collateral or collateral

The principle in accounts payable is that nothing is wronged and wronged. Therefore, Islam does not matter if there is collateral or collateral with a value equivalent to the money borrowed. With notes, it is only intended that the debtor can immediately pay off according to the maturity date.

 

Debt Elimination in Islam

debt loans

Debt is the most heavy burden in the afterlife. In accordance with Islamic law, someone who dies in a state of debt will prevent them from being blocked from Heaven’s door. That is the reason why inheritance must be used to pay off debts before being distributed to heirs.

As for people who are still in debt and have difficulty in paying their debts, there are several paths that can be taken, including the following.

 

1. Providing relief for extending the repayment time

Payment of debt must be according to the due date. Meanwhile, if the debtor is still unable to pay according to the agreement at the beginning, the party providing the debt can provide relief in the form of an extension of the repayment period.

These conditions can be done if it turns out the person who owes is still not getting spacious. Another case if people who are in debt deliberately delay payment. Under these conditions, the creditor has the right to collect the debt in accordance with the agreed maturity.

 

2. Providing relief by freeing part or all of the debt

debt free

In Islam it is taught to provide relief, especially for people who are in debt and are still in a difficult condition. In such conditions, the lender can free part of the debt in accordance with the willingness and free all the debt.

Those are some things that you need to know about accounts receivable debt in Islam. Islam teaches to help one another and help those who are struggling. In the Koran, it is promised that those who give relief or release their brothers from difficulties will be promised the best place on His side.

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Non-bank loans for young people. Where do you borrow?

Interesting information on the debt of young Poles has recently been published. Due to their age, such people are prospective clients for financial sector institutions (e.g. banks and loan companies).

Information published by GFI indicates that in recent years young Poles have not shunned loans or advances. Such people still value family financial support. However, the possibility of borrowing in a bank or non-bank company is playing an increasingly important role.

For ten years, the average debt of a young Pole increased threefold

money

A lot can be said about the credit information bureau about the lending activity of young countrymen. Due to the nature of its activities, the institution has the most reliable statistics on the debt of people aged 18 – 24. According to GFI data, the loan or loan currently has about 590,000 such persons.

Ten years earlier, the number of borrowers aged 18 – 24 years was almost 800,000. This change is related to the aging of Polish society. It is worth remembering that for 10 years the number of young countrymen (aged 18 – 24 years) has fallen by about a quarter.

GFI data indicate that despite the decrease in the number of young borrowers, the debt of such persons increased very quickly (February 2007 – USD 2.64 billion, February 2017. – USD 6.81 billion). Ten years ago, an average young Pole (aged 18 – 24) who had a loan or a loan, had to pay about USD 3,300. At present, the corresponding debt value already exceeds USD 11,500.

Many lenders try to attract young customers …

money

The rapid increase in the debt of young Poles results from several main reasons. First of all, the number of attractive gadgets and ways of spending free time increases.

Secondly, young people are taking over the patterns of older people (e.g. parents) who are increasingly willing to apply for loans and advances.

Thirdly, over the last 10 years, there have been many opportunities on the market for quick borrowing of funds. It is worth remembering that at the end of the last decade the non-bank loan market in Poland was much less developed and diversified than it is today.

Fast internet loans that are a good proposition for young customers (July 2017)

Detailed information on loans:

cash

Fast cash – loan amount for regular customers from USD 100 to USD 6,000. Repayment period from 1 day to 30 days and from 60 days to 65 days (up to 30 days for new customers).

The lender does not require income proof documents. A loan for people at least 18 years old.
Honest Bank – the loan limit for regular customers is USD 7,500. Repayment period from 1 day to 30 days.

A holiday voucher with a value of USD 500 added to each loan. As part of the recommendation program, Honest Bank pays USD 30 for acquiring a new borrower. The lender does not require income proof documents.

A loan for persons aged 20 – 78 years.
Loan amount for regular customers from USD 100 to USD 5,000. Repayment period: 5 days, 10 days, 15 days, 20 days, 25 days, 30 days, 35 days, 40 days and 45 days.

A loan for persons aged 21 – 70 years. People who have drawn at least three loans can count on the free assistance of a consultant assisting in financial management.

Good Credit – the loan limit for regular customers is USD 4,000. Repayment period from 14 days to 30 days.
The lender does not require income proof documents. A loan for persons aged 20 – 70 years.

Honest Bank – the loan limit for regular customers is USD 5,000. Repayment period: 5 days, 10 days, 15 days, 20 days, 25 days, 30 days, 35 days, 40 days and 45 days.
The lender does not require income proof documents. A loan for persons aged 21 – 70 years.

Fast internet loans for young customers

money

Market changes are evidenced, among others, by the current offer of fast internet loans for young customers. In the table below we present the moments that young users of our portal willingly choose. Such people value, among others:

  • record value (USD 6000) of free loan for new customers offered by Good Finance
  • high limit of the first and free moment in Honest Bank (USD 3,000) and Honest Bank’ current promotion consisting in adding a voucher (USD 500) to each loan
  • it is possible to borrow funds for more than 30 days on Honest Bank and Good Finance
  • no need to present income statements when applying for a loan on Good Finance, Good Credit.pl, Honest Bank and Honest Bank
  • a free financial help Good Finance service for customers Good Finance

In Good Finance and our loan comparison rankings, you can find many more moments that are completely free for new clients (including the young ones). Many people take advantage of the promotional offer of various companies, which offer free borrowing.

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Loan for marriage: Social Institute or personal?

To organize one of the best days of your life you could ask for a wedding loan, but how can you do it? First of all, however, it is necessary to decide whether to apply for a specific loan ‘for weddings’ as can happen for Government Agency ones, or to use a personal loan.

The choice may have limits in the case of the Government Agency wedding loan, due to the belonging to the public sector and the contribution to the Unitary Fund for credit and social management. On the other hand, for personal loans you have to find a compromise especially if you are without a paycheck and without other personally demonstrable income.

Loan for marriage or personal loan?

Loan for marriage or personal loan?

Opening the web there are many proposals by famous financial as Agos, online banks like Across Lender and Spin Lender ( see here the useful contacts ), a loan for marriage. 
However, very often these are personal loans, which by their very nature can be used for any type of purpose, from marriage to a holiday, from buying a car to spending on health and beauty, etc.

A real wedding loan should instead be finalized. A loan therefore requestable and usable only to support the expenses related to the ceremony (for example the floral decoration, the clothes, etc.) or for the part of the restaurant (catering or restaurant, entertainment, etc.). The difference between the two types is very clear:

  • a personal loan can be used as a loan for the wedding but it is not necessary to indicate the motivation or even prove it (with invoices, receipts, quotes, etc.);
  • a finalized marriage loan must be proven.

It is a rather rare type. In addition to the Government Agency one, there are few other possibilities, which may be temporary, such as the one that Poste Italiane had proposed for a period of time).

Government Agency wedding loan

Inpdap wedding loan

The Government Agency marriage loan can be requested by the Member from the Unitary Fund for himself or for a child. It is one of the five-year multi-year loans, which provides the following conditions:

  • the maximum amount payable is $ 23,000.00 (this limit cannot be overcome, even if two are entitled to apply for the same marriage);
  • the application is telematic with the appropriate forms.

To this request must be attached:

  • self-certification of the marriage which took place (provided that more than a year has not passed) or a substitutive declaration of valid publications;
  • self-certification of the family status or self-certification on the relationship if the child is not in the family status.

Since this is a multi-year Government Agency loan, the repayment will take place with a deduction upstream of the amount of the installment, for the entire duration of the repayment, which may be a maximum of 60 months.

Personal loans

Personal loans

If you are looking for a personal loan for your wedding, and you are without a paycheck, you must find a guarantor who has a sufficient income capacity, or a co-obligation. Different the speech of a transfer of the fifth that, we remember, is however accessible only to employees or retirees.

Some estimates must be made, which can also be requested online (for example on the Agos or Spin Lender website) or make some requests to your bank or to some other credit institution.

In all cases, a sustainable installment must be chosen, for the entire duration of the chosen amortization plan. The maximum sum of the marriage loan will depend on the bank or financial institution chosen, the amount and the duration.

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Loan interest rate – what does it consist of?

The interest rate on cash loans is one of the main parameters of the loan offer. It consists of a base rate (determined by the market) and a margin imposed by the bank and is a percentage measure of the cost that will be added to us in appropriate proportions to the monthly loan installments.

Loan interest rate – what is it?

Loan interest rate - what is it?

The mortgage interest rate consists of the same components (base + margin). The distinguishing feature, however, is the ability to negotiate the interest rate, which largely depends on the bank’s offer. Insofar as financial institutions have no influence on the amount of the base rate, they can negotiate with clients and lower the interest rate by leaving their margin.

This is because, in the case of mortgage loans, we also deal with other credit fees such as bridge insurance, low own contribution insurance, real estate valuation or civil law tax.

In Poland, the interest rate on loans can be fixed or variable. The first of them operates mainly with cash loans and short-term liabilities. Of course, you can also find a fixed-rate mortgage offer on the market, but they belong to a large minority. A loan with a fixed interest rate guarantees a constant interest rate, which affects the amount of the monthly installment.

In contrast, the variable interest rate is most often used for long-term liabilities and is only valid for a period of 3 months, i.e. until the next update. By choosing variable interest rates, the customer can gain a lot but also lose. At the time of signing the contract, there is no certainty as to how much the installments will pay in some time.

And what is the interest rate on loans for companies? The same as the interest rate on loans offered to individual customers. It consists of the same components, with the difference that the bank’s commission is very often determined individually for a specific customer.

Loan interest rate and APRC

Loan interest rate and APRC

Unfortunately, the lowest loan interest rate is not a guarantee of the best loan offer. Why? Here, the APRC, or Real Annual Interest Rate, comes into play.

Its task is to inform the client what the cost will be in connection with taking a loan. It expresses the annual percentage ratio of the total cost of credit to the sum we borrowed.

Unlike the interest rate, the APRC takes into account most of the fees associated with granting the loan. That is why a loan with a low-interest rate is not a guarantee of a low loan cost.

The interest rate on mortgage and cash loans

Although banks can in a sense determine the amount of interest on the loan themselves, regulating, for example, the level of the margin, they cannot exceed a certain magic threshold. The maximum interest rate on the loan has been specified and enshrined in the Civil Code and Anti-usury Act and may not be higher than 10% of the amount borrowed.

Cash loan interest rate

The interest rate on cash loans is usually unchanged throughout the duration of the contract. There are cases in which banks decide on variable interest rates, but most often it concerns loan agreements concluded for a period longer than 3 years.

In the case of cash loans, it is very difficult to know what the average interest rate is because we will find both offers with an interest rate of 4% and those offering a loan with an interest rate of 10% on the market.

Before signing a loan agreement, it is best to use a cash loan comparison website, which will quickly and easily allow us to compile the offers of most banks and check their interest rate.

You can also independently search for information on a particular offer, all you have to do is enter the bank’s name and the phrase: “loan interest” in the search engine.

Interest rate mortgage

We also looked at how mortgage rates in Poland look like. Most often, the interest rate on a home loan is much lower than for a cash loan. This is due to the fact that the mortgage belongs to long-term liabilities, which gives the bank more time to charge interest.

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Loans without GFI and bailiff – offer overview

It is not easy to find a company that will lend funds to a person in a bad financial situation. We checked which lender would accept a client with a bad credit history.

 

Which company will borrow despite bad GFI or bailiff?

money

 

Companies offering non-bank loans, due to the specifics of their business, accept many clients who would not be loaned by any bank or credit unions.

 

However, you must be aware that non-bank lenders also have some restrictions on acceptable risk. Most of these companies will not lend funds to an applicant who has a bad credit history at GFI or problems with a bailiff.

 

Thinking about indebted eBroker.pl readers, we decided to check which loan companies present a different approach to clients with financial problems.

 

Only a few loan companies have an offer for a risky client.

cash

 

Companies that stand out with a liberal approach to risky clients can be found in our monthly installment loan rankings. The table below provides information on such lenders who are more forgiving than their competitors.

 

Noteworthy is the Honest Bank company’s offer. This lender provides a high limit on the loan amount (USD 25,000) and offers one of four repayment periods (1 year, 2 years, 3 years or 4 years).

 

The Honest Bank offer is for those customers with a bad credit history who have a guarantor. The guarantor must be a person with proven creditworthiness, who has additional own property.

 

Loan The company accepts customers with a negative credit history

money

 

1. Honest Bank – loan amount from USD 2,500 to 25,000. Repayment period: 12 months, 24 months, 36 months or 48 months. The loan is for people from 18 to 75 years old. The guarantor should own the property. 

2. Across Lender Bank – as part of the promotion, the first loan (up to USD 2,000 for 15 days or 30 days) is free. A one-time loan amount for regular customers up to USD 3,000. The lender does not require income proof documents. A loan for persons aged 21 and over.

 

Lenders

 

For a person with a bad credit repayment history (recorded in the Credit Information Bureau), an offer of loan companies that do not check GFI may also be a solution. Unfortunately, the number of such lenders decreases every year. Companies offering loans willingly agree to cooperate with GFI and download data from there.

 

The loans offered by Across Lender Bank and its trade brands ( Fast Express, Thrift Bank, Good Credit! ) Are one of the last payday loans that are granted without verification of the applicant’s data at GFI. What’s more, a new Across Lender Bank customer can borrow up to USD 2,000 for 15 days or 30 days for free.

 

An additional advantage of loans from Across Lender is the lack of requirements for e.g. income certificates. It is worth mentioning that in addition to one-off loans,

 

Across Lender Bank also offers installment loans (from USD 1,000 to USD 5,000 for a period of six months – 24 months) – check Installment loans from Across Lender are also granted without verification of customer data in GFI.

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Withdrawal or termination of the loan – what are the differences?

The loan agreement is drawn up when the lender gives away part of his property to the borrower. At financial companies and banks, the subject of this commitment is cash. However, the rules do not specify the specific subject of the loan.

What does the loan agreement look like?

What does the loan agreement look like?

The borrower undertakes to return the borrowed capital. The loan becomes his property. Of course, interest and additional fees may be added to the amount incurred. Importantly, the loan agreement belongs to the category of consensual agreements. This means that to conclude it effectively, a consistent statement by the parties is necessary.

The loan agreement must include such elements as:

  • date and place of conclusion of the contract,
  • parties to the contract,
  • the subject of the contract,
  • loan repayment conditions,
  • conditions for terminating the contract,
  • withdrawal from the loan agreement,
  • property declaration,
  • consequences of late repayment of the loan,
  • signatures of both parties.

The letter must contain a withdrawal from the loan agreement within 14 days of its conclusion – the consumer has the right to withdraw from the agreement at that time.

However, the termination of the loan agreement is a statement by the lender on what terms he wants to receive a refund. It can be done in three ways: by mutual agreement of the parties, on the terms set out in the contract or the principles set out in the Civil Code.

What does it mean to withdraw from the loan agreement?

What does it mean to withdraw from the loan agreement?

One of the consumer rights guaranteed in the Consumer Credit Act is the option to apply for a consumer loan. According to art. 3. According to art. 3 of the Act, a consumer loan may be a loan of not more than USD 255 550 or the equivalent in foreign currency. A consumer is a natural person who performs a legal act unrelated to his professional and business activity.

The conclusion of a loan contract by a consumer is such legal action. The borrower who is the customer has the right to withdraw from the loan agreement within 14 days from the date of the contract (the date of the contract is not included). It is very important to make sure that this deadline is over because after that it is no longer to exercise this right.

It is important that the withdrawal from the loan does not require the borrower to justify such termination. The possibility of withdrawing from the contract applies to both contracts concluded with the bank, loan companies, private individuals in our home, or online loan contracts.

The lender status does not matter, we always have the right to withdraw from the loan agreement. The option of withdrawing from the committee should be included in a written contract with the lender.

How to write a request to withdraw the loan agreement?

How to write a request to withdraw the loan agreement?

In order to withdraw from the loan agreement, an appropriate statement should be submitted, the model of which the borrower is obliged to provide the consumer with the conclusion of the contract, on a durable medium. However, if the creditor does not comply with this obligation, it is easy to make a statement yourself or use a ready-made template.

The application for withdrawing from the loan can be downloaded from the website of the loan company, bank or other financial services. It does not have to include the reason why the consumer has withdrawn from the contract. A properly constructed template should include the name of the entity that granted the loan and the address of its registered office, as well as the details of the borrower.

All you have to do is fill out the model statement attached to the contract and then deliver it to the address of the lender. The statement can also be sent by post. Choose the type of letter to have confirmation of posting and possibly receive a return receipt.

If you send the letter, the date on the envelope’s stamp counts, not the date of delivery to the recipient.

How much does it cost to withdraw from the loan agreement?

bank

In the event of withdrawal from the loan contract, the consumer will, of course, have to pay the borrowed capital. But will the consumer have to pay extra for the loan?

Pursuant to Article 54 of the Consumer Credit Act, the borrower shall not bear the costs associated with withdrawing from the consumer credit agreement. However, the exception is interest on the loan for the period of payment of the loan up to its repayment. The borrower has 30 days to repay the amount of the liability and interest, counting from the date of submission of the statement of withdrawal from the contract.

What if we exceed the 30-day deadline? In this case, the statement is treated as legally ineffective. The consumer will be required to repay the loan according to a predetermined schedule. If you have noticed that the contract is not favorable, it is worth withdrawing from the loan contract.

The good news for the borrower is that he incurs no additional costs except borrowed capital and interest. The Act discussed earlier makes it impossible to charge other costs related to the client’s withdrawal from the concluded contract.

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Wait a minute online – you can borrow 6000 dollars for free

It is hard not to notice that loan companies have suffered the effects of low unemployment and the “500 Plus” program. These factors have effectively reduced interest in non-bank loans. For lenders, such a change means the need to compete harder for the customer.

Therefore, the amounts of free moments for new customers are steadily increasing. Some lenders are also introducing other promotions. While updating the data in our comparison engine, we noticed that recently there have been some very interesting promotional offers. Thinking about people who need money, we decided to describe in more detail those promotions that seem to be the most interesting.

You can borrow up to USD 6,000 for 30 days over the Internet

You can borrow up to USD 6,000 for 30 days over the Internet

First of all, it is worth paying attention to two promotions regarding traditional internet loans for a short period. Fine Bank remains the leader in the market segment of such moments. The lender has recently changed its offer. The changes include, among others, increasing the limit of free loans for new clients to USD 3,000.

At the same time, the maximum amount borrowed by Fine Bank increased to USD 7,500. Importantly, the rigid limits that make the value of loans depending on the number of previous payments have disappeared. Now every person who has repaid at least one loan in Fine Bank can apply for up to USD 7,500. This amount will also be awarded without checking your income statement. 

In the context of Fine Bank’s offer, you have to mention the special summer promotion. New and regular customers of the described company, after taking out a loan (until June 30, 2017), will receive a holiday voucher worth USD 500. This voucher can be used on Fly.pl until the end of 2017 and reduced the cost of your holiday by USD 500 (find out more »). Despite the introduction of a special holiday promotion, Fine Bank continues to pay 30 USD bonus for acquiring each new customer.

The promotional offer of Good Credit is also interesting

bank

The lender, as part of a temporary promotion, lends up to USD 6,000 for free! It is worth mentioning that each person receiving a promotional moment will receive an additional USD 50. This amount can be spent on paying another loan.

Regardless of the promotion described, Good Credit does not require income certification and accepts loan applications even from people who are under 18 years of age. Submit application and take up to 6,000 USD »

New promotions for loan companies (May 2017)

1. Fine Bank – the amount of the first (free) loan from USD 100 to USD 3,000. The limit for regular customers is USD 7,500. Repayment period from 1 day to 30 days.
The lender does not require income proof documents. A loan for persons aged 20 – 78 years.

2. Quick Cash – loan amount from USD 100 to USD 6,000. Repayment period from 1 day to 65 days (up to 30 days for new customers).
The lender does not require income proof documents. A loan for people at least 18 years old.

3. Good Lender – loan amount from USD 300 to USD 15,000. Repayment period from 3 months to 24 months. The loan application can be submitted via the Internet.

4. Payment – loan amount from USD 1,000 to USD 10,000. Repayment period from 3 months to 24 months.
A loan of up to USD 7,000 is available without income statements. Good Credit lends up to USD 10,000 without certification when using the Instantor program. A loan for people from 21 to 70 years old.

Interesting promotional offers also apply to installment loans

Interesting promotional offers also apply to installment loans

After checking the current market offer, you can also point out interesting promotions regarding installment loans (see table above). The first interesting offer is a promotional loan from Good Lender. The company currently offers three-month loans for new customers worth USD 1,000, USD 1,500 and USD 2,000 with a total cost of only 20%. Regular customers can, however, borrow 1000 dollars over the Internet for 3 months (refundable amount: 1200 dollars). In the case of non-bank loans, this level of costs is very attractive.

This promotion seems attractive considering that Good Credit borrows up to USD 10,000 per 24 months. What’s more, a loan in Good Credit with a value of up to USD 7,000 is available without an income certificate. After using the Instantor program and verifying the bank account details, Good Credit borrows up to USD 10,000 without any additional formalities. In this respect, it is difficult to find a better offer on the entire market.

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Non-bank loans with cash collection at the post office – offers

Non-cash payments are becoming more and more popular. Despite this, you can still find people who prefer to collect money in person (e.g. at the post office or bank outlet).

It is worth knowing that some loan companies have also prepared an offer for such clients. After the conclusion of the contract, traditionalists can collect cash.

This solution is also useful for people who do not want to disclose a loan in their bank account history. After checking the market offer, you can find loan companies that will provide you with free cash payment to your client.

Receiving cash at the post office offers, among others

money

Loans with cash collection of funds are not very popular in the Polish market. However, there are several known and trusted lenders who allow you to pay borrowed funds at a post office or bank (see table below).

I am talking about four companies/brands offering non-bank installment loans. Among others, the popular Good Finance belongs to this group. Persons using the offer of this lender can collect funds for free at Honest Bank. It is also possible to receive money at a branch of Honest Bank. Like the Polish Post Office, the bank has a well-developed branch network.

Customers of Good Finance can receive cash from USD 2,000 to USD 7,000. This loan for a period of six months – 30 months is for people between the ages of 20 and 80 who also earn a steady income.

The SMS Credit company has a very similar loan offer (with the possibility of a free collection of funds at the post office or in the Honest Bank branch). The most important difference in relation to the Good Finance offer is the different repayment period (3 months – 30 months) and different loan value limits (USD 1,000 – USD 5,000).

Noteworthy is the offer of the Across Lender service, which also provides for the possibility of cash payments. Customers of Across Lender borrow from USD 1,000 to USD 5,000 for a period of 13 months – 24 months. This amount is available to Poles aged 25 to 80 who have a stable income. The loan is repaid from Across Lender in decreasing installments.

The YES TO offer is also interesting. In addition to free cash collection at the post office, the lender also offers the possibility of borrowing up to USD 10,000 for a period not exceeding 36 months.

It is also worth mentioning that GFIC offers an interesting and unique possibility to pay back two loans at the same time. A second loan at GFI can be made after the first 6 installments have been repaid on time.

Lenders offering cash collection at the post office or bank

cash

Good Finance – Cash can be picked up free of charge at the Honest Bank post office or outlet.
A loan for people aged 20 to 80 who have a stable income. The customer may request a change in the repayment day.

Cash Immediately – Cash can be picked up free of charge at the post office.
A loan for people aged 25 to 80 who have a stable income. In certain situations, the applicant must provide proof of income. Loan repaid in decreasing installments. After confirming personal data on Facebook, the cost of the loan is reduced by USD 10.

SMS Credit – Cash can be picked up free of charge at the Post Office or Honest Bank outlet.
A loan for people aged 20 to 80 who have a stable income. The customer may request a change in the repayment day.

YES IT – Cash can be picked up free of charge at the post office.
A loan for persons aged 18 – 75 years. The minimum required monthly income is USD 500 net. A Good Finance customer can repay two loans at the same time (a second one can be applied for after the first 6 installments have been repaid on time).

A home loan is a convenient and more expensive option

money

Collecting money at a bank or Honest Bank branch is interesting, but not the only way to get a cash loan. It is worth knowing that some loan companies anticipate the possibility of transferring cash at their headquarters. In this case, the restriction is the distance to the nearest lender’s branch.

Another option is a home loan. Such a system is based on a visit by an employee of a loan company, which helps in fulfilling the contract and completing formalities, and then pays the funds. Housekeeping is certainly a convenient solution for people not interested in paying to a bank account. However, one should not forget that this option involves additional expenses.

The installment of the loan with the option of home service is usually noticeably higher than in the case of a payment made by bank transfer.