What is a Private Loan?

When you borrow money, it really is important to keep track of what you do. It is usually the question of quite a lot of money in total if you choose to include all interest costs, etc.

Especially for loans that are a bit larger, which is for example private loans and home loans. In this article, we will therefore take a closer look at what a private loan is and how it works.

A small calculation example


To illustrate how important it really is, you can look at the cost of a private loan during the entire loan period. The fact that you have to repay the loaned amount is not very surprising and there is the repayment. In our example here, we expect a private loan of 350,000 for 10 years. The interest rate we expect is 6%. If you look at the amortization, it amounts to USD 2,916 every month, provided that it is the question of straight amortization. In addition, there is then interest that is highest for the first month and then goes down when the debt is amortized. The total interest cost during the entire loan period is about USD 106,000, which would be an average of about USD 880 each month for 10 years.

If it is instead an annuity loan, you will always pay the same amount to the lender, which in our case would be USD 3,886 per month. Annuity loans are probably more common when it comes to private loans and it really means that you always pay the same amount every month. In the beginning, a larger part of the payment goes to pay on the interest rate, but when you repay a portion each time, the remaining debt also decreases, which means that for each repayment there will be more money going to the amortization. The first month in our example you would pay USD 2,136 and the last month USD 3,866.

It is therefore quite a lot of money each month that you have to pay if you have such a large loan. If we then put in a little more interest, the cost would also go up. Calculate approximately USD 150 extra in interest cost per month per percent. If there is straight amortization, this will be quite accurate this month, but if it is annuity, the cost will be higher per month the more percentages are added. But use iaf 150 USD per month as a small guideline.

What is a private loan?


Now that we have looked at how much money it really is, the next step is to go through what a home loan really is. The first thing to say is that the name private loans is used often but there are several names. Blank loans are one and there is no difference in the type of loan at all. Tragically, words are also used as bank loans to actually describe a private loan, even though a bank loan is actually a loan obtained from a bank, which can then, for example, be a mortgage loan or a car loan.

Unsecured Loans

The big thing with a private loan is that this loan has no form of collateral. Compared to a mortgage where the home is the collateral for the loan. The bottom line is that you can use the borrowed money for anything when nothing needs to be bought that should be collateral. Security which means that the lender may require that this particular item be sold to receive money for the loan if the repayments are not paid.

Since the money can be used for anything, you also call a private loan a consumer loan. If you want to borrow USD 350,000 and buy clothes for all the money, it goes well, provided that your finances are good enough for you to pass the credit check. Now this is not to recommend but that is what a consumer loan means. It is better then to use the money for things like renovating the home or the like.

Size and maturity

The traditional has been that a private loan extends up to USD 350,000. However, this applies far from all lenders, but it is usually only the larger banks that lend so much. There may be some smaller lenders who have this as a maximum amount, but more commonly there is that the largest sum is somewhere between USD 25,000 and USD 50,000. If you look at the lowest possible loan amount, this also varies as usual. The banks have about so that half have USD 10,000 as the lowest amount and the other half USD 20,000. If we look at other lenders, there are those who lend as little as a few thousand kronor. This is then the same lender who has a low maximum amount. It should also be said that it is generally more expensive to borrow if it is from a small loan.

The term of a private loan is somewhere between 1 – 12 years. It is also here that the larger lenders offer the longer maturity. This is not illogical since a loan of USD 20,000 is hardly repaid best in 12 years. Expect that the lenders who lend up to about USD 50,000 also have rules that say that the loan cannot be longer than about five years. However, it is possible to borrow that amount for longer with those who have the maturity to choose from. You can usually choose for yourself how long to borrow the money as long as it is within the range that can be chosen.

Who can borrow?


As always, with a loan, you must fulfill a number of basic conditions in order for the lender to consider lending money. First, you must always be at least 18 years old. Sometimes there may be rules that say that a borrower must be 20 years or something similar but never less than 18 years old when one must be of legal age.

To be able to repay the loan, an income is also required. This money can come from, for example, a regular job or pension. The exact amount required in pay per month is variable, but you can expect it to be around USD 10,000 at the very least. Then this does not mean that you will automatically be approved as it may very well be more demanding if it is a large loan. The monthly cost differs markedly if you borrow USD 50,000 or 350,000 and this is also reflected in the income requirement.

Cash advance loans online direct lenders -Get cash advance now!

As today’s technology and development develop, there are more alternative choices for fast money credit sources that you can consider. In the past, you might have to go to a bank to apply for a loan. However, no longer. With our online credit application, you can do online credit applications right from home!

Need credit without a credit card? Now, you only need to enter the amount you need at Kesha Gomez to get the best Indonesian online credit offer!

With our service, you don’t even have to go out of the house and get stuck in traffic to the bank just to apply for unsecured credit.

Get cash advance now!

Kesha Gomez who has served clients in 5 countries provides services that can help you determine lenders according to your needs. That way, you no longer need to visit many sites or go to the bank just to get credit for money. In addition to being fast and easy, we can also help you find online credit bidding options without the best guarantees because we work with a broad network of lenders.

The need for an unsecured online loan can be experienced by anyone because of various factors and urgent needs, maybe even you. For example, when you need a quick solution to pay off medical expenses, education or need fresh funds to expand and expand your business. The online credit application available at Kesha Gomez allows you to get the credit you need in a short time. Now is not the time to go through a long and complicated process to get credit money without collateral. Just use our 2-step application and find the best fast credit offer that suits your needs.

No more needing to go to a bank, check out here for a cash advance now.

How to apply for credit?

When you need a fast loan, you just need to take a few simple steps to get credit online fast.

  • Visit the Kesha Gomez website
  • Compare loan offers. Determine the number of funds you need and the possible repayment period. Then, use our credit calculator and compare loan offers from the lending network that works with us.
  • Apply for credit online. After choosing one of the online credit bids, click the online submission form button. This loan submission form is very easy to fill out.
  • If your loan application is approved, you will usually receive the money within 24 hours or more, and sometimes even in a few minutes.
  • Get money. The money you need will enter your bank account within 24 hours!

What are the Requirements?

The process of submitting credit online to lending companies in Indonesia often requires data and personal contacts, sources of income, and other information that will help evaluate you as a potential customer. Furthermore, the following are the requirements needed to use our services:

  • Indonesian citizens
  • More than 22 years old
  • Have a KTP
  • Can give contact you are not at home
  • Can provide contact partners at your place of work

* Please note that by using this website or service, you guarantee that you are at least 22 years old, a citizen of the Republic of Indonesia, and fulfill the legal requirements to enter and make a contract in accordance with applicable law.

Why is Kesha Gomez?

Unsecured online credit is not only preferred because it is easy and fast, but also because it offers flexibility in terms of criteria and availability of funds. Apart from being much easier because it can be submitted directly from home, our services are also equipped with various advantages, some of which are:

  • You don’t need to pay extra. The process of filling out an online credit form at Kesha Gomez is free.
  • Offers many choices. Kesha Gomez is working with an extensive online lending network in Indonesia. So, only with our services, you can get the best online credit offers in one place.
  • We use the best security and encryption technology to keep your data safe and confidential.
  • Without guarantor. To get an unsecured online loan at Kesha Gomez, you don’t need a guarantor or collateral.
  • It has been widely used. Until now, we have provided services in 5 countries.

In addition, even though your credit history is not good, you still have the chance to get online credit quickly through Kesha Gomez because we also work with lenders who specifically provide quick credit for those who have a bad credit history. Unlike traditional lenders that prioritize credit scores in giving credit credibility, our lending network will also consider your other financial aspects, including tenure, income, and other factors.

Kesha Gomez allows you to get credit online so that it can be the best solution to address urgent needs without having to leave home. Just remember to borrow money responsibly and return the loan on time. If you guarantee online credit services without this guarantee, you can enjoy more benefits in the future. Your accuracy in paying loan installments will make you more likely to get a better and more profitable online credit card without a credit card in the future.

Enjoy the convenience of this unsecured money credit with our services. However, remember to always learn all the terms and conditions carefully, and comply with all applicable rules.

Profi Loan – money on your account in 8 minutes!

Money in a few minutes on your account and zero unnecessary formalities? It’s possible – at Profi Loan. As always, the company focuses on customer convenience and launches a new online loan offer. Under it, all borrowers have a lot of good bonuses – e.g. one-off deferment of loan installments.

Profi Loan also via the Internet – a new product from the lender

Profi Loan also via the Internet - a new product from the lender

Online loan is a new offer from Profi Loan, a proven and trusted lender. In March 2017, the company received the distinction – the title of Business Power 2016 in the 9th edition of the Business Power competition! And this is just one of the factors that builds trust in the company. The most important element is a large group of satisfied customers.

Now Profi Loan makes borrowers’ life easier again. The company has made a simple and quick loan available online. The customer verification process is simple. Because it uses an automatic credit decision engine and an integrated mechanism of paying out loans with a quick transfer system. For the customer, this means that the money appears on his account even in a few minutes.

A loan at Profi Loan can be taken out:

  • up to 25,000 zł,
  • for a loan period of up to 48 months.

Profi Loan – promotional loan without interest in the online offer

When taking an installment loan online, the customer does not pay interest, and then the loan is 10% cheaper. (RSO is 0%). That’s not all: as part of the application process, the customer receives points as a reward. These can be exchanged for:

  • installment deferment,
  • halving two installments,
  • repayment of a single loan installment.

Loan at Profi Loan – how to get it online?

Loan at Profi Loan - how to get it online?

To take a loan online with Profi Loan:

  1. Complete a simple form that is on the lender’s website.
  2. Leave your phone number on the Profi Loan website and wait for immediate contact from the lender.

The client does not have to sign any documents. It is enough to enter the required data into an easy-to-use form or provide it in an interview with a consultant.

How long does the entire loan application process take?

  • 5 minutes – this is the time in which the customer completes the form,
  • 2 minutes – that’s how much it takes to calculate the borrower’s creditworthiness by a fast decision engine,
  • 8 minutes – the shortest time that has elapsed since filling out the form until the money appears on the customer’s account!

Problem with paying installments? Take a credit vacation at Profi Loan

Problem with paying installments? Take a credit vacation at Profi Loan

Sometimes it happens that the customer is not able to repay the loan at the moment. No need to panic – Profi Loan is aware of such situations and reaches out a helping hand to customers who are temporarily unable to pay. The company encourages you to contact a financial advisor who will tell you what to do in these situations.

In addition, Profi Loan has been taking care of clients in this area from the very beginning. Already while taking the loan, the client can take an additional package of services that will help him in temporary problems. Thanks to the package you can use the so-called credit holidays, which is to postpone repayment of loan installments for some time. You can also reduce the installment by up to 50 percent, which in special cases will bring relief to the client’s wallet.


Long-term or non-bank loan?

The type of non-bank loan is important

The type of non-bank loan is important

When we think about making a financial commitment, we don’t always remember that its type matters. The fact that we are thinking about an online loan shows that we have already taken some steps and we are eliminating options such as credit or private loan. However, we still need to specify what exactly we mean. In the internet age, there are plenty of interesting solutions. Two options that enjoy growing interest are installment loans and payday loans. Both of these options are very beneficial and can be helpful when some expense is waiting for us. It is important that we know which of them will be better at the given moment and how to adapt it to our situation. This is particularly important because each case is different and requires an individual approach.

What criteria should be used when choosing an online loan?

What criteria should be used when choosing an online loan?

The theory sounds understandable, but how does it look in practice? We have a fairly important choice that is important even when it comes to relatively small amounts. Not only that we have to choose the best non-bank institution for us, it is also a question of the type of loan. This will depend on several factors. It’s about for the amount of the planned loan and the period over which we want to pay it back. This is the basis that will help us determine the dimension of our commitment. Before making any decisions, we should assess our borrowing capacity. We can do it ourselves, but it is worth reading the expert opinions beforehand. Thanks to them we will get additional information that will definitely be useful to us.

Instant cash online – when we need smaller amounts

Instant cash online - when we need smaller amounts

We usually associate the search for additional funds with credit. However, not all of us need such large sums. On the contrary – we often want to take less money and give it back quickly. In this case, the ideal solution will be online payday loan, which will definitely help us pay less expenses. Importantly, it does not have to cost us too much. Many loan companies offer the first free payday loan. This means that when we start cooperation with a given company, the first payday loan is free of additional charges. We give back as much as we borrowed – provided that we settle the repayment on the agreed date. This option is a nod to those who borrow from this service provider for the first time. At the same time, it is an incentive to establish long-term cooperation. It is worth thinking about it, because in the long run it can be profitable for us. There is no shortage of offers with additional facilities for regular customers. Just know where to look for them.

Short-term loan – what does it mean?

Short-term loan - what does it mean?

When we start thinking seriously about payday pay, we want to know for what period we will receive it. Usually it is specified in days and usually it is up to 30 days, however some companies consider the possibility of borrowing for longer (e.g. 45, 60 days). Unfortunately – there are situations when we are not able to pay the full amount on time. Fortunately, some non-bank institutions include the option of extending the repayment deadline. Unfortunately, this is accompanied by additional fees, but we already know this when we sign the contract. Sometimes the opposite situation occurs and we are able to give money before the time specified in the documentation. Is paying off the loan before the deadline profitable? Look for information on this subject on the website of your service provider.

Installment loan – we pay back like a loan

Installment loan - we pay back like a loan

When it comes to installment loans, the amount and repayment period are very important. Here, we are free to divide the commitment into parts. However, we must remember that usually we also decide on larger sums, and hence, we must choose the amount of installments reasonably. Then we will avoid unpleasant surprises in the form of excessive charges.

This type of loan is associated with a cash loan. No wonder – the repayment system is very similar. However, due to the fact that it is about larger amounts, we must remember that we must meet certain conditions. They will be similar to those that accompany banking services. Undoubtedly, our creditworthiness will be checked and whether we are listed in the registers of debtors. It is better to remember this before submitting the application.

Who will benefit from a long-term loan repayment?

Who will benefit from a long-term loan repayment?

An installment loan is a very beneficial solution for a specific group of clients. It is often about people who need a larger amount – they are planning a renovation, buying a car or just want to borrow for the holidays. Each of us used to think about one of these options, but we don’t always have enough savings. In a situation where we have a stable financial situation, we can decide on an installment loan. It will help us make our dreams come true provided that we diligently fulfill our obligation to pay it back. Not without reason, its addressees are people who have a solid household budget and permanent employment. The payments are accompanied by additional fees, but if we make the right calculations before signing the contract, they will not be too severe for us.

Where to look for information on loan companies’ offers?

Where to look for information on loan companies

We are often afraid of making a decision on a non-bank loan because we feel that we know too little about it. As it turns out, we do not have to give up this option, because there are web portals dedicated to this topic. We will find there rankings of payday loans which will tell us what offer to choose when we need a smaller amount. Do you want a bigger sum? Check the installment loan ranking and choose the best product for you. If you have any doubts, read the loan tips that are posted on these types of sites. They are a competent source of information when you think about choosing the right loan for us. As you can see, it doesn’t have to be difficult.

New payday loans – check out the latest non-market loans


New payday loans – where to apply for new online loans 2019?

New payday loans - where to apply for new online loans 2019?

Due to the increase in prices, more and more Poles consider borrowing something completely natural. Low creditworthiness and bad credit history in many cases exclude a chance for a bank loan. No wonder then that the non-bank loans sector is growing faster and more and more websites are offering new payday loans and installment loans on the market.

One of the most desirable non-bank products are undoubtedly new loans without databases, such as: BIK, KRD, ERIF, etc. They are characterized by high granting power, but their offer is limited. For this reason, new payday loans without BIK or new payday loans for those in debt enjoy such interest. There are quite a lot of new products on the market.

Stylon – new payday loans as proof

All you need to apply for a loan online at Stylon is an ID card and a mobile phone. The institution does not require presentation of a salary certificate. New customers can borrow PLN 1,500 per month for free. The amount available for the next loan up to PLN 3,500, and the money can be transferred to the borrower’s account after a few seconds. The company enables early repayment and refinancing of the loan.

Loan terms in Stylon:

  • available amount: from 100 to 3500 PLN,
  • first loan for free – up to PLN 1,500,
  • maturity: 1-30 days,
  • age: 22-75 years old,
  • without BIK: no.

Online payday loans, new loans without income certificates in Viloan

The Viloan loan service allows you to verify your identity through the Kontomatik service, so you can get money extremely quickly. You can apply for a maximum of PLN 3,000 for the first loan and 4,000 for the next. The maximum loan period is up to 3 months.
Borrowers can be people aged 21-65 who have adequate creditworthiness and are not registered in the KRD. They are not required to receive a salary certificate or collateral. It is also possible to extend the repayment date.

Loan loan terms:

  • available amount: from 100 to 4000 PLN,
  • first loan for free: no,
  • repayment term: 15-90 days,
  • age: 21-65 years old,
  • without BIK: no.

Small Loan – new without BIK up to PLN 2,000

We can apply for a small loan from a maximum of PLN 2,000 for 30 days. The condition is age from 21 to 73 years and no entry in the database of debtors. We will get the first loan for free. Identity checking is done via a traditional verification transfer or the Counter service, thanks to which the money is instantly transferred to the borrower’s account. There is a chance that the liability will be settled sooner and the loan repaid.

Loan terms in a small loan:

  • available amount: from 200 to 2000 PLN,
  • first loan for free: up to PLN 2,000,
  • repayment deadline: 5-30 days,
  • age: 21-73 years old,
  • without BIK: yes.

Astro Finance – little known payday pay up to PLN 6,000

To receive a loan at Astro Finance, all you need is a valid ID, positive creditworthiness, and no entry in the debtors’ registers. Online applications can be submitted by people between 20 and 75 years old. The maximum loan amount is PLN 6,000, which can be borrowed for 30 days. Banking data verification is carried out by the Kontomatik application.

Loan terms in Astro Finance:

  • available amount: from 100 to 6000 PLN,
  • first loan for free: no,
  • repayment deadline: 30
  • age: 20-75 years old,
  • without BIK: no.

Creditmeno – new payday loans online for a month

Creditmeno offers both payday loans up to PLN 3,000 for 30 days and installment loans up to PLN 5,000 for 24 months. It is a loan without certificates, so you only need an ID card to take it. To apply for money, you must be at least 21 years of age, your creditworthiness and no entries in the debtors’ databases.

For the first loan, you must provide two phone numbers for relatives or friends that the lender will be able to contact when considering your application. Identity verification is carried out by the Kontomatik service. Regular customers receive bonuses from time to time, participate in cash lotteries and are the first to receive access to the latest services offered.

Creditmeno loan terms:

  • available amount: from 100 to 3000 PLN,
  • first loan for free: no,
  • maturity: 15-30 days,
  • age: from 21 years old,
  • without BIK: no.

Mini loan – new payday loans for 18 years

The first payday without interest in the Mini loan can be up to PLN 2,000. With the fifth loan, the amount increases to PLN 5,000, however, the loan limit depends on the individual assessment of your creditworthiness. We have 30 days to pay back the money. The amount of loan granted always depends on the individual assessment of creditworthiness and in the case of regular customers on the cooperation with the lender so far.

The low age threshold for borrowers allows them to take payday pay for 18 years. All you need is your own bank account and no backlog in the databases of the Credit Information Bureau and Economic Information Bureaus. An income certificate is not required. The borrower’s identity is confirmed by means of Quick Identification or a verification transfer.

Mini loan terms:

  • available amount: from 500 to 5000 PLN,
  • first loan for free: up to PLN 2,000,
  • maturity: 7-30 days,
  • age: 18-75 years old,
  • without BIK: no.

LendFor – new non-bank loans for those in debt for 45 days

The LendFor website offers payday loans online, telephone loans, payday loans and loans without BIG. In some cases, LendFor.pl reserves the right to check the customer in the BIK, BIG and KRD databases. The amount of the first loan is PLN 3,000 for a period of 45 days. The amount of subsequent loans for customers paying back on time increases with subsequent loans and is determined individually. The company does not grant loans without verification in the registers, BUT – it looks favorably at people who have poor BIK scoring.

A maximum of PLN 5,000 can be borrowed. The condition for obtaining a loan is to have an identity card, Polish citizenship and age from 21 to 70 years old. Identity verification is done using the Instantor service or by penny transfer. The lender does not anticipate postponing the repayment date. However, if you have financial problems, you can apply for a loan refinancing.

Loan terms in LendFor:

  • available amount: from 500 to 5000 PLN,
  • first loan for free: up to PLN 3,000,
  • repayment deadline: 5-45 days,
  • age: 21-70 years old,
  • without BIK: yes.

Gusi – new payday loans for high amounts

Gusi.pl’s offer includes payday loans up to PLN 10,000 for 30 days, and the first promotional loan up to PLN 3,000. In the event of problems with repayment, it is possible to extend the time limit for paying the loan once by 7, 14 or 30 days. People from 20 to 75 years old who do not have entries in the database of debtors can apply for money. Identity verification is done using a traditional penny transfer.

Loan terms in Gusi:

  • available amount: from 200 to 10,000 PLN,
  • first loan for free: up to PLN 3,000,
  • maturity: 1-30 days,
  • age: 20-75 years old,
  • without BIK: no.

LoanHok – new non-bank loans for young people

A quick loan in LoanHok can be applied for by people aged 18 to 75 who have no arrears entered in the databases of the Credit Information Bureau or Economic Information Bureaus. The maximum possible amount of the liability is PLN 5,000 for 30 days, but it is only possible for the fifth and each subsequent loan.

The borrower’s credibility and creditworthiness determine the amount received. The lender does not require proof of earnings, pledge or guarantor. The customer’s identity is checked by Quick Identification or a traditional verification transfer.

Loan terms in LoanHok:

  • available amount: from 500 to 5000 PLN,
  • first loan for free: up to PLN 2,000,
  • maturity: 7-30 days,
  • age: 18-75 years old,
  • without BIK: no.

Fina Card – new payday loans for those in debt

Fina Card is a non-bank credit card with a limit of PLN 6,000. The minimum repayment amount is 15% of the granted credit limit and may not be greater than the total sum of liabilities on the card. If we repay only the minimum amount in the first 5 days of the month, the interest rate will be just 0.75 percent. per month, while the administrative commission will reach 5.25 percent. monthly.

We can receive the Fina Card without the need for a verification transfer confirming the authenticity of personal data and the bank account of the consumer. The conditions to be met by the person applying for an Fina Card are: completed 21 years, earnings of at least PLN 1200 a month, income certificate, valid ID card and no negative credit history.
Loan terms with Fina Card:

  • available amount: up to PLN 6,000,
  • first loan for free: no,
  • repayment deadline: 30 days,
  • age: 21 years old,
  • without BIK: no.

New non-bank loans – installment loans

New non-bank loans - installment loans

New online loans are not just payday loans. Dynamic development can also be seen in the long-term loans sector. New installment loans are the solution most similar to the bank loans known for years. The differences between a loan and a loan obviously relate to the available amounts and repayment periods, but the main aspect affecting the popularity of new loans is the significant reduction in formalities. Both solutions have their supporters. Those deciding on new loans are convinced by the ease of application combined with a convenient repayment schedule. Installment loans are often used to consolidate or refinance other liabilities. Among the new products available on the market we will find services such as:

  • Lend On in installments
  • Fuenda
  • LoanMe
  • Mozipo
  • Duochash

New payday loans 2019 – why choose little-known payday loans?

New payday loans 2019 - why choose little-known payday loans?

New loan companies do not have to be neither worse nor better than those that have been working on their market position for years. New payday loans do not have innovative rules of operation, but they may have more friendly and flexible conditions for verification of applicants. The latest payday loans appearing on the internet without checking the databases can be a great option for people who have a low BIK score.
However, new loans can be an interesting alternative for people who often use this form of financing. Why is it worth choosing new payday loans online?

  • often have favorable promotional offers,
  • we have a chance for the first loan for free,
  • sometimes they offer better conditions than on large websites,
  • other granting conditions give you the chance to receive money even if you have been refused a loan from other institutions,
  • can be used to repay current liabilities,
  • a new loan is a new opportunity to build the borrower’s credibility and a positive credit history.

New payday loans on the loan market also have their drawbacks. The largest of these is probably the low maximum amount you can apply for. Loan companies, unlike banks, use only their own capital. That’s why, at the beginning of their business, they offer loans online for a low amount account.

What to look for when looking for new loan offers?

What to look for when looking for new loan offers?

Before you decide to trust a new institution, it’s worth knowing where to check the credibility of a loan company. If nothing raises our doubts, you can proceed to analyzing the offer. Internet comparison websites and payday loans ranking can be helpful here.

Customers are often worried about not having enough information about the offer on the lender’s website. In this case, it is worth contacting a consultant who will surely answer all your questions. Remember to check the offer to pay attention to such aspects as:

  • available amount and loan period,
  • APR,
  • repayment schedule,
  • the amount of loan-related fees,
  • way of verifying creditworthiness,
  • a chance to extend the repayment deadline and refinance the loan.

The most important thing when choosing a loan is, as always, common sense. New payday loans via the Internet tempt with their attractiveness and ease of inference. That we would miss us debt spiral it is worth sticking to the most important rules of borrowers: carefully check offers in loan comparisons, borrow only as much as we need and pay off obligations on time. New payday loans are new opportunities, let’s use them wisely.

Problem with loan repayment – what to do?

March 21, 2016 It doesn’t take several years for our lives to change completely. Sometimes it only takes a few minutes for relatively good future prospects to disappear from our view. You can get caught up in problems instantly, which will quickly ruin your current location. For example, lose your job and lead to a delayed payment of the cash loan installment. Fortunately, this is not a dead end. If we made a commitment some time ago, and now we are unable to pay the installments, we can use several solutions. Our expert will advise you on how to overcome the financial crisis. 

Polish debt is still a current problem

Polish debt is still a current problem

The problem with loan repayment concerns many Poles. They ask themselves every day what to do about late payment of the cash loan installment and any other liability that is the source of their trouble. Unfortunately, skillful dealing with debts is not an advantage of the inhabitants of our country. Quite the opposite – credit installments often overwhelm us. According to data from the beginning of October 2017, the value of overdue debts is PLN 25 billion. 3 million outstanding claims belong to 1.8 million Poles. The most unreliable payers are men, who have to pay back as much as PLN 19 billion. Why are we getting into debt? Mainly through loans, telecommunications contracts and loans.

A break in loan repayment is not a dead end. You can effectively deal with temporary financial indisposition that has affected our budget. What to do to see the future in positive colors again?

Negotiations with the bank

Negotiations with the bank

First of all, contact with a banking institution cannot be avoided, counting on the statute of limitations on debt. Although the debt arising from the non-repayment of a cash loan or loan is barred after three years, according to applicable law, the creditor is still entitled to claim reimbursement. Because the statute of limitations does not expire, you can still claim a refund before the court. Only when the debtor raises an objection of limitation does the court agree with him. Otherwise, the debt collection company will easily obtain an order to pay the expired claim, because the judicial institution is not required to thoroughly investigate the case. The government is working on a statutory prohibition on pursuing time-barred claims, but this is only a draft amendment.

By negotiating with the bank, you can get out of the crisis by finding a solution that will be beneficial to both sides. We should not hesitate to talk. The sooner we report to the institution, the better the chances are that our requests will be accepted. What can we apply for?

Suspension of loan repayment

Suspension of loan repayment

The first option is to suspend loan repayment, i.e. credit holidays. It is worth knowing, preferably before signing the loan agreement, whether the bank we selected allows you to temporarily stop paying installments. Thanks to this, we will avoid the consequences of late payments. Sometimes banks agree to a suspension of repayment for several months, without exempting us from paying interest on the loan. The suspension concerns only the installment itself. What’s more, you should also take into account the commission on credit holidays. Financial institutions try to help customers, but each additional service usually involves fees.

Repayment of a cash loan while complying with the contract is very important to us. If we do not comply with the initial arrangements, we will lose financial credibility. Then future efforts to get a cash injection may prove fruitless.

Change in the amount of cash loan installments

Change in the amount of cash loan installments

The difficult financial situation can also be normalized by changing the amount of cash loan installments. Initially, it seems to us that the set amount of payments will not disturb the peace of budget management. Unforeseen accidents and unexpected costs can make the installment too big.

Sometimes the problem is not the installment itself, but the day of payment. When determining the terms of the contract before taking out the loan, we did not pay attention when we receive the payment. As a result, we are unable to accumulate the necessary funds on time. Then eliminating the trouble can be very simple.

Extending the loan period

Extending the loan period

If neither credit vacation nor change in the amount of cash loan installments are solutions that would be helpful to us, perhaps it will be more convenient to apply for an extension of the loan period? The bonus in the form of extra time to settle the loan can be beneficial to our budget. Thanks to this we will reduce the monthly installment.

Keep in mind, however, that the new repayment date is tantamount to an increase in the amount we will have to pay. The bank will add additional interest, but since we avoid a bailiff, it is worth considering such a solution. Remember to recalculate all costs carefully and plan your finances with all fees in mind.

Borrowers Support Fund

Borrowers Support Fund

Also, when we have a home loan, we can get the help we need. If we lost our job and registered as unemployed, let’s apply for funds from the Borrower Support Fund. From February 12, 2016, the Fund provides support for a period of up to 18 months, in the amount of mortgage loan principal and interest installments, but not more than PLN 1,500 per month.

Such support should, of course, be returned, but only after 2 years from the end of receiving support. The funds can be used by people who lost their jobs because of no fault of their own. The Borrower Support Fund is therefore not for disciplinary dismissals or for those who have themselves resigned. What if we work and we still can’t pay it back? When the monthly loan installment exceeds 60% of our income, then we can also apply for such assistance. Applications for support should be submitted to the branches of the banks that granted us the housing loan.

Credit Consolidation

Credit Consolidation

Consolidation of liabilities may also be a beneficial solution. It is a particularly attractive proposition for people who have problems with timely payment of several simultaneous payments.

What is the consolidation loan? It is a combination of various receivables (e.g. cash, mortgage and installment loans) into one receivable, often much lower than the sum of individual receivables. The exact amount depends on the conditions the bank offers us and the loan period. An additional convenience is the possibility of receiving an additional amount that will be used to pay for the most urgent needs.

Declaration of consumer bankruptcy

Declaration of consumer bankruptcy

When the installment overwhelms us, the final solution is to file for bankruptcy. There is one condition – debts cannot be our fault. If we had insufficient knowledge or we show that we did not understand the formal issues, the court may also grant our request and cancel the liabilities. The same as in the case of job loss, illness or participation in an accident that caused health damage. Each case is thoroughly investigated to exclude the applicant’s dishonesty.

Who can definitely not declare consumer bankruptcy? Is a person who currently conducts business activity or has had such activity during the last six months. Does this not concern us? In that case, we can apply to the bankruptcy court of your place of residence.

How to contact the bank?

How to contact the bank?

How to contact the bank when we have a problem paying off the loan?

Three basic ways to contact a banking institution:

  1. A visit to a bank branch.
  2. Hotline phone.
  3. Submitting an application by post or email.

It is not important which way you choose. The main thing is not to underestimate the trouble and talk to find the best solution. The lack of any action will not make the problems disappear. On the contrary, trouble will increase and sooner or later we will have to face the unpleasant consequences of our decisions.

No loan repayment – consequences

No loan repayment - consequences

Lack of loan repayment will always have consequences.

Failure to meet the debt settlement deadline may lead to:

Loss of financial credibility related to entry in the register of debtors. ERIF? KRD? BIG InfoMonitor? We will be able to find our data in each of these databases if we exceed the payment deadline by a set number of days. Impeccable debtors are also recorded in the Credit Information Bureau. By downloading the free BIK report, we will find out in what light financial institutions see us,

Debt collection proceedings, and if the actions of the debt collector do not bring results – bailiff proceedings. Bailiff’s powers are much greater. At the initiative of the creditor, in order to repay the debt, it may occupy further elements of our property,

Debt spiral – we often try to pay the installment with another loan or online loan. Before we look, our budget will be in complete ruin. You have to strive for financial support – then it will serve, not hurt. If we have nothing to pay off the first claim, it is better than to apply for the next one, to reduce expenses or find a better job.

10,000 PLN loan – list of banks with cheap offers


June 6, 2019 10,000 loan PLN is available both in non-bank institutions and in banks, which we will look at in detail in our article. Especially that cash loan is still the most frequently chosen banking product. According to BIK research, the value of bank loans increased last year. Their amount amounted to almost PLN 71 billion, by 7% more than in 2017. Where to apply for a loan of up to 10,000? We check the offers of 11 banks! 

10,000 loan PLN – we present 11 loan offers!

10,000 loan PLN - we present 11 loan offers!

10,000 loan PLN is a very attractive offer for anyone who needs an injection of cash for home appliances and electronics, home repairs or even buying a car. These are the most common reasons why we decide to apply for additional funds in the form of a cash loan or online loan. 10 thousand PLN allows to achieve these goals and pay the debt relatively quickly.

For a loan of 10,000 PLN worth applying for at a bank, the more that with such amounts, banking institutions reduce formalities to a minimum, and even allow you to apply for a loan completely online! Online loans without leaving your home are the best offer today for anyone who wants to get cash easily and quickly. Which banks offer loans up to 10,000 zł?

Current loan offers 10,000 PLN can also be found in the cash loan ranking. It is worth following it on a regular basis to have access to current bank proposals.

How much does a loan cost up to 10,000 zł?

How much does a loan cost up to 10,000 zł?

The cost of cash loans is an issue that should especially catch our attention when signing a contract with a financial institution. It is better not to be surprised by the amount of installments and to regulate payments in time, so that the registers of debtors do not record our name. In the table you will find detailed information on the installments for loans for 24 and 60 months. In the case of a loan of 10,000 PLN with a 24-month loan period, OutBank has prepared the best offer for us. In turn, for a loan of up to 10,000 with a repayment deadline of up to 60 months, it is best to apply at CiatoLoan.

The decision on the length of the loan period is yours alone. We can repay the loan sooner or on the contrary – with other expenses planned, we can extend the repayment time. If we use a cash loan calculator, we will carefully calculate the installments depending on the amount of the bank loan and the length of the loan period. Using this tool, we will know the loan repayment schedule. A detailed schedule will allow you to plan your home budget for the time when we will have an additional burden! The cash loan calculator is available on the website of most banks.

10,000 loan without certificates – what documents to prepare?

10,000 loan without certificates - what documents to prepare?

Persons who intend to apply for a cash loan of 10,000 must submit the required bank documents. It turns out that in the case of low amounts, banking institutions often decide to grant loans without certificates. All you need is an ID card to get a cash injection and achieve your goals!

Below is a complete list of documents that the bank may (but does not have to!) Require from us:

  • document confirming identity (obligatory),
  • income certificate (depending on the offer),
  • correctly completed application.

After applying for a loan, we will receive a credit decision as soon as possible. A positive response will result in the mobilization of funds and a transfer to our bank account. We can also collect cash at the branch, provided that the bank provides such a possibility to pay the loan.

10,000 loan impossible without BIK

10,000 loan impossible without BIK

All financial institutions are required to verify the creditworthiness of customers. Therefore, checking databases, including the BIK database, is one of their basic duties. Banks are very strict on this issue. They do not grant loans without BIK and they scrupulously verify each customer’s creditworthiness. Non-bank institutions are more tolerant. They offer loans without BIK. This means that even a negative credit history does not compromise our loan chances!

Non-bank institutions also offer loans without bases. It is worth taking a closer look and, if necessary, use offers tailored to the needs of different borrowers. You can also check the payday rankings and installment loans rankings and choose the offer that best meets our expectations.

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.