Where to Get Cheap Cash Loan in the Bank? | Banks and the Latest Loans

Where to get a cheap cash loan? Where for a loan or a loan, that is the sixth questionnaire results regarding where and how we borrow.

We will find an answer to where we are looking for additional cash for expenses that we can not finance with savings.

What is the choice? Bank or loan company?

Although we like to complain that banks are expensive and a lot of formalities, however, in these institutions we usually look for additional cash. This is the result of the latest survey carried out by the CREW COMPANY CREDITS blog in October – December 2018 on a group of 2394 people who decided to take part in it. In the case of a small loan, we look for first aid at a family or at your closest friends. The loan companies, both traditional landlines and internet ones, remain the last resort.

Loans and loans. Who and where to borrow

Who borrows more? Women or men? The division here is almost equal, although a slightly larger share was made up of women (1235 – 52%). At the same time, in loans up to € 3,000, women constituted the vast majority: almost 70%. In general, the average loan (credit) was about € 7,500, but men borrowed more – an average of € 12,000.

What do banks and loan companies associate us with? Much, recently, there were talks about banks regarding mortgage issues. And these were not positive opinions at all. It would seem that it will affect the trust in banks, but not. Banks, like no other financial entities, associate us with “security” and “trust”. This can not be said about loan companies, but in turn (we already have it in the third survey), we appreciate “speed” and “minimum formalities”.

In the case of internet loan companies, “anonymity” is a positive distinction identified by the surveyed. We value the loan obtained from friends or family primarily because it is… (mostly) free.

Who lends? The survey shows that the urban population constituted a decidedly larger percentage of people who filled out the survey (62%). Compared to the last survey, this represented an increase of… 1%. The age group of respondents was characterized by the largest share of people under 45:

  • up to 25 years old: 508 people (21%),
  • 26-35 years: 585 people (25%),
  • 36-45 years: 612 people (26%),
  • 46-55 years: 362 people (15%),
  • 54-65 years: 225 people (9%),
  • over 66 years of age: 102 people (4%).

A significant increase took place in the group lending up to 25 years, because the increase was by as much as 8%! The percentage of people over 54 is practically unchanged and this can be explained by the fact that there are definitely fewer people in the age range using the internet. This also translates into non-bank internet loans. Of those who used a non-bank loan, over 64% of people used a loan at an online loan company. 87% of the respondents were people up to 45 years of age.

Where we are looking for information about loans and credits

Where we are looking for information about loans and credits

Several months ago, in one of the first survey conducted on this subject, in a relatively small group of respondents, the basic source of information was family and friends. A lot of people were suggested by advertising. But how much has it changed, indicates that at the moment we are looking for information on loans and loans on financial services (29%), loans and banks comparer indicated 31%, and advertising as a source of information is helpful for 10% of respondents.

However, what strikes the most, despite the fact that we are looking for information on the comparison of loans and credits, our knowledge on this subject is still small. To the questions: do you know what is the APY of the loan, what is the difference between the nominal and real interest rate, what rights are entitled to the consumer in accordance with the Consumer Credit Act, at what time you can withdraw from the loan or loan agreement, nearly 60% of people gave the answer “no I know”.

What is the average borrower? That is why various types of credit and loan rankings are so popular. We are mainly interested in what bank is in the first place, not always interested in the detailed parameters taken into account in its preparation. “

Credit and loan via the Internet

Credit and loan via the Internet

It would seem that if we so willingly use non-bank cash loans on the Internet, we also eagerly borrow online. The more so because there are quite a lot of credit offers, especially cash loans. When asked about this type of bank loan, only 20% of people who took a loan or a loan in banks did so on the internet. On the other hand, a contact application via the Internet regarding the loan / loan was sent by over 42% of the respondents.

Cheap credit and cash loan

Cheap credit and cash loan

The parameter related to the costs is the most important for 86% of respondents. This is a factor that we pay attention to, first of all, by choosing a bank or a loan company. The choice of the offer is also affected by the maximum loan length (although we do not necessarily want to use the maximum period), low loan installment, loan payment rate, minimum formalities and credit holidays.

The vast majority of people (75%) looking for a bank loan mainly take into account the bank in which they have a personal account. However, in the case of non-bank loans, we do not attach so much to one loan company. The cheaper the loan, the better. In the case of non-bank financing, the cost of the loan is low (46%), the speed of obtaining money (22%) and minimum formalities (10%).

At the end of pleasure. Expenses related to loans and credits

At the end of pleasure. Expenses related to loans and credits

What are the most often used money from credits and loans? It all depends on the entity in which we borrow: in loan companies these are mainly unexpected expenses and current payments (62%), in the case of banks are cash loans with current maintenance, expenses for renovation and car purchase and daily expenses financed mainly from limits in RORs and credit cards. A separate group consists of people who consolidate bank debt or loan finance the purchase of real estate (flat or house). A small percentage of people took advantage of the mortgage loan.

Payday Loan | Non-bank Short-term and Installment Loans

 

Company in Bielaw: in a loan company in the city or online? You can also take a non-bank loan well at a loan company in Bielawa, as well as via the Internet. Each of these methods has its pros and cons.

The most important element to which we should pay is the cost of a non-bank loan. The loan company itself is also important as the cost of a non-bank loan. It is worth getting acquainted with opinions about it to choose the best solution.

A non-bank online loan or a fixed-line company?

A non-bank online loan or a fixed-line company?

When choosing a loan company and payday loan, you should pay attention to several elements. First of all, what is it for a loan company? What is his reputation and whether its activities are transparent, and the rules of granting loans clear and clear. What are the total costs of the loan. And that’s what you should pay special attention to. It does not matter if you borrow 500 PLN for 30 days or 5000 PLN for 36 months.

Without comparison, you can not count on getting a cheap offer. Non-bank loans are not cheap, but you can find a better offer than others. If there is a better offer at a stationary company in Bielawa, apply for a loan from this loan company. If the online loan is better, use this specific offer.

Free payday online

Free payday online

The definite plus of loan companies that provide online payday loans is that they offer free loans as part of the promotion and customer attraction. It is provided without commission, the cost of borrowing is PLN 0, but only to new customers. Each subsequent loan is already granted on terms specified in the regulations. In case you extend such a free time for another period of time, you must pay a fee. What are the terms of free loans, for what period of time can be granted and for what amount, such information can be found on the loan company website.

A comparison of non-bank loans

A comparison of non-bank loans

It is a search engine for loans and loan companies over the internet. Enter the amount of the loan and the time you want to borrow. Then check the loan companies that offer such a specific loan. If you are interested in the offer, you can fill out the loan application form on the loan company website.

Remember to check the contract, regulations, fees before signing the contract. You do not understand something, no explanation – do not sign a contract. You have the right to withdraw from a non-bank loan agreement within 14 days of signing it. The withdrawal form should be on the website of the loan company.

Remember! If you have creditworthiness, it is definitely a better solution to look for a bank and a bank loan. Cheaper and you can borrow for a longer period of time.

Loan for temporary workers

Temporary workers often do not have a high salary, but like any other person, they also need to pay money to make bills or make purchases. Many think of a loan and will often bite on granite. Banks see a high level of risk in a temporary worker and often classify him as if he had a fixed-term employment relationship. For this reason, it is difficult to get a loan for temporary workers. When the going gets tough, temporary workers are always the first to leave the company.

To get loan for temporary workers not hopeless

To get loan for temporary workers not hopeless

Although it is difficult to get loan for temporary workers, it is not hopeless. It is important to get help and support. Thus, a temporary worker can also make a guarantor when applying for a loan. A guarantor is always welcomed by the bank because it guarantees that the loan will be paid off. A guarantor must always have a firm and permanent contract. In addition, the income must be so high that he can pay his living expenses and the loan installment.

If this guarantee exists, the loan will be paid quickly and easily. Anyone who has a life insurance policy that has been running for several years and thus has a high repurchase value can also count on a loan. How high this turns off always depends on the collateral.

Loan for temporary workers as a car loan

Loan for temporary workers as a car loan

Temporary workers can take out a car loan. A car is always important, especially in the professional world of a temporary worker. He is used again and again at different companies and often has to leave behind for many routes. A car dealership works with banks, which also lends out a loan for temporary workers. The loan is only given with the financing of a vehicle, it can not be used for a holiday or debt restructuring.

The vehicle registration remains in the possession of the bank until the loan has been repaid. The vehicle can not be resold in time, which is also very important to the bank. Here, the borrower can also do a credit comparison. Car dealership is not the same car dealership and therefore offers different conditions, which can vary greatly.

How the scoring affects you when you ask for a payday loan

If you have ever asked for a loan, you have heard the expression scoring or credit scoring. But what exactly is scoring? To what extent does it affect me when I ask for a loan? In this article we will clarify all your doubts.

Scoring is nothing more than a computer program that helps banks make decisions about their clients’ risk. It is a statistical tool, let’s call it Artificial Intelligence, which recommends the bank whether or not to approve a financing operation.

The scoring is the financial Havenlop of the real world, an AI capable of evaluating, eliminating the human bias, the risk profile of each person to predict with a large percentage of success if this will be able to return or not a certain loan in the future.

Its objective is to standardize the answers to ensure that the applicant meets one by one all the requirements demanded by the financial institution for the granting of the loan. Being a computer program, there is no bureaucracy or downtime: the answer is immediate. As soon as the data is entered, the AI ​​gives its verdict.

What type of information does the scoring take into account?

The greater the information that the scoring processes, the more reliable your results will be. Any scoring part of a previous information about the client that obtains from the database of the bank : his age, profession, link with other clients of the entity, current and historical balances, financial products contracted, income, domiciled expenses, credit history, information about asnef, rai, cirbe…

In many cases, this information is more than sufficient to assess your ability to pay and the level of risk that the entity would assume. However, the bank may request additional information for a more complete scoring: type of labor contract of the interveners, justification of the purpose of the loan, patrimonial information, appraisals, registration data…

How does scoring affect you?

How does scoring affect you?

Depending on the entity, the scoring can be binding or not. This means that, when it comes to the truth, the last decision on the loan is usually made by a human being. There are entities that only consider scoring in an informative way, compared to others in which this is decisive and conditions the decision almost definitively.

Scoring works very well for bulk or standardized loans. However, if you have to debug a bit and personalize the credit, they are not reliable. It may happen that scoring today for a loan of 30,000 euros and that tomorrow the amount drops to 24,000.

Pre- approved loans, for example, are the result of a bank passing the score to its customer database. The AI ​​decides, based on the information available to the bank and external databases, what is the amount of debt and the return period that each person could assume.

In short, scoring is a very powerful and useful tool that makes it easier for banks to evaluate risks by canceling the emotional component. But this is not enough for his verdict to be exhaustive. At the end of the process there must be a human being who reviews the case, assesses all the information and makes the final decision on whether or not to grant the loan.