Credit or loan versus income level

Unlimited income loans

Unlimited income loans

Most loan companies’ offers do not include the minimum income that a potential borrower must have. Among the list of requirements to be met by the applicant for payday pay, it is generally general that it must have a stable source of income. However, there is no indication as to which remuneration is received – on the basis of an employment contract or a civil law contract (for specific work or commission).

Due to the specificity of the market, you usually do not need to submit any income statements or send bank statements to confirm that we regularly receive a salary. These documents are required when the lender has doubts about the loan. One exception among the loan companies is MegaLoan. The brand conditions the granting of a commitment upon submission of a document confirming that every month the state of our finances increases by at least PLN 500 net of remuneration for work. Alternatively, an old-age or disability pension is recognized as income if it meets the condition of a minimum limit.

Income of at least PLN 500

Income of at least PLN 500

In the case of a cash loan from a bank, it is also difficult to find information in contracts about what earnings are necessary to apply for funding. However, usually financial institutions set the minimum monthly income threshold in the range between PLN 500 and 1000 net. However, banks, unlike online lending companies, always require proof of stable earnings. For example, in BZ WBK, an applicant for a cash loan must provide a certificate of employment and earnings. The information must relate to net income for the last month and average monthly net income for the last 3 months. In the case of business income, an annual tax return and a certificate from the Tax Office or a certificate from ZUS / KRUS and a book of revenues and expenses should be provided. Millenial Bank places such a condition.

It is worth remembering that the final decision to grant or refuse a loan or credit depends on several important factors. Mainly on creditworthiness, i.e. the ability to repay the selected amount of liabilities on time with the current salary.

Private loan and online loan – which option to choose?

March 9, 2017 There are various types of service providers in the loan industry. Some of them are institutions dedicated to providing payday loans and installment loans. However, many people who need a quick loan go to their family or friends for money. Choosing the right option is not easy, so before it occurs, you must carefully consider both options. Then we will be able to make a more responsible decision. 

Many people use private loans

Many people use private loans

Unfortunately, there are situations when we need money quickly. When we see shortcomings in the wallet, we wonder where we can take the necessary funds from. We often ask our family or friends for help. I must admit that this is quite an awkward moment for us. Some consider it an admission of financial awkwardness. However, we need a loan and we are quickly looking for a lender. In such moments it is worth remembering that only responsible borrowing makes sense and will allow us to avoid later problems. It is worth checking out various possibilities and finding out as much as possible. The better we know the loan industry, the better for us. There is no shortage of people who reach for private loans when this is the last resort. They decide on this type of financial support, for example, to cover outstanding liabilities in non-bank institutions.

Beware of scammers!

Beware of scammers!

Sometimes we need a private loan, but we don’t want to go into debt with family or friends. We are often ashamed that we have expenses that we cannot cope with, or even bigger financial problems. That is why we want to borrow from someone who is not related to us. There are many people on the internet who declare their willingness to grant a private loan. Care should be taken of these suggestions because they may come from cheats that are better avoided. Such lenders often declare that the repayment terms will be very favorable and no one will verify us in the debtors’ registers. The problem is that unclear terms are usually offered to us, sometimes we are forced to sign an incomprehensible contract, which may incur additional costs.

Online payday loans and installment loans are growing in popularity

Online payday loans and installment loans are growing in popularity

Interestingly, in recent years we can see an increase in interest in online loans. More and more people are looking for payday loans on the internet, which can be obtained on very favorable terms. The application process is very simple and runs on clear terms. Thanks to this, we know how and when we have to pay back the loan, in addition everything is written down in the contract. If we need larger amounts, we can also look for support in non-bank institutions. There is no shortage of companies that offer installment loans. We pay back gradually, as in the case of a loan. Thanks to this, we don’t have to pay the whole amount right away. If we divide it into installments that are convenient for us, the need to pay will not be felt too much. Additional costs will also not be particularly troublesome for us.

Check the credibility of loan companies

Check the credibility of loan companies

How to check if the loan company is reliable? We can definitely look for information on her website. If this is not enough for us, we should visit one of the loan portals. We will find there rankings of payday loans which will show us the best offers of short-term liabilities. We can put them together using convenient loan comparison websites. Do you need larger sums? You can always check the installment loan rankings. You will surely find there the best suggestions that have the best parameters. It is worth noting that these types of portals are not only comparison websites and rankings. In many cases, we will also find advice to help us make the right decisions about borrowing, as well as other related matters. By gaining such knowledge, we gain competences that allow us to manage our finances responsibly.

Commitment to loved ones or online loan?

Commitment to loved ones or online loan?

Undoubtedly, in many situations it is better not to take a loan or payday loan. However, when we can afford it, we should think carefully about who we want to borrow from. Relatively small amounts cannot be underestimated by us. Beware of private loans from strangers. If you want to borrow privately, it is better to use the help of trusted people. Unfortunately – then we have to reckon with the fact that we will feel awkward. In addition, if for some reason we are unable to pay back the amount borrowed on time, it may affect our relationship with the person who provides us with financial support.

Non-bank loans are very popular

Non-bank loans are very popular

The growing popularity of non-bank loans proves that such a service has its growing number of recipients who visit websites of loan companies in order to find the best offers. Following common sense should be the basis of any borrower’s activities. This should be remembered at the planning stage. Every well-informed customer knows that choosing a lender is not insignificant. This plays a very important role when we want to securely make a financial commitment.

Net loan increases the amount of the first payday loan

November 13, 2014 Net Loan has been doing everything to keep them loud all the time. In such a competitive market as the online payday market, publicity is important. Many companies are waiting to take over a potential borrower. What can you attract a customer if the payday loan is already free? 

Net loan provides a free payday loan up to PLN 3,000 for up to 30 days with the first loan. Net Loan offers up to 5000 PLN for regular customers! The company currently grants the highest free loan on the market!

Take a loan Opinions about Net Loan has been doing everything to keep them loud all the time. In such a competitive market as the online payday market, publicity is important. Many companies are waiting to take over a potential borrower. What can you attract a customer if the payday loan is already free?

You can offer more money, and so did Net Loan. From today, the maximum amount of payday payable we can receive is up to PLN 1,500.

Net Loan with the highest free payday loan

Net Loan with the highest free payday loan

This amount is not accidental, because until now Vivus was the leader in this matter and offered the highest free loan amount, it was PLN 1,400. After this change, Net Loan jumped into the leadership chair in this aspect.

The other loan rules have not changed, the payday loan is granted for a period of between 1 and 30 days and within this period we pay back exactly as much as we received. However, we should remember that if we do not make repayment within the prescribed period, we will already pay interest for each subsequent day . This is not the only change.

New Net Loan Logo

New Net Loan Logo

Net Loan also decided to refresh its image and did so by changing the logo . The old logo was replaced by the image of the wallet, the password “Your second wallet” was added under the company name and logo. The message is very clear, convincing customers that when there is a void in their wallet, they can reach at any moment under the second, which is the Net Loan page, which allows you to get a payday loan in just 15 minutes . We believe that the slogan and change are interesting, we wish the company good luck, especially because the offer with which it comes to the customer is indeed worth attention.