Not everyone is able to save, and in the face of various – larger or smaller, but additional – spending sometimes you have to decide on a loan. It is not always possible to get additional funds from family or friends. In this case, you can go to the bank for a loan. What if he refuses to grant it? 

 

Many people, however, have no chance of getting a loan, due to, for example, the uninteresting history of paying off their previous debts or because of the high commitment that is already on them. In such a situation, the solution may be to choose the offer of a non-bank institution that also provides loans to indebted persons. How does it all work and how to find a good, safe offer?

What are non-bank loans ?

What are non-bank loans ?

Loans are granted not only at the bank, but also at special non-bank institutions that operate on slightly different principles – they can therefore grant smaller and larger loans even if a normal bank would dismiss the applicant. Such companies operate in many countries – including Poland. They grant loans to both individual clients and companies, and they offer loans in various, maximum amounts and for various periods of time. Everything depends on the specific offer.

Non -bank loans are usually granted for much lower amounts than in traditional banks and for a shorter period of time, although at the moment there are exceptions – some non-bank companies even grant loans for the purchase of a car, which can be repaid for several years. Mostly, however, these are payday loans directed at people who need money quickly and with the minimum of formalities. Unfortunately, this is usually associated with higher interest rates, but when the loan period is shorter, the differences are not particularly noticeable. For this borrowed funds can reach the account within a few or several minutes after obtaining a positive credit opinion.

Non -bank loans for those in debt

Non -bank loans for those in debt

Non-bank loans are targeted at people who need money fairly quickly and when completing a minimum of formalities. Some are concerned about convenience and others about credit possibilities, which in their case are poor. Some companies provide loans without BIK, which means they don’t check the client’s history in places like the Credit Information Bureau. Due to bad credit history or a large credit burden, some of those in need would not get a loan from a traditional bank. The indebted can, however, count on the offer of non-bank companies addressed specifically to them. Many of them are not interested in the client’s past or whether they have a considerable debt. Rather, it is whether he is able to repay the liability, and therefore whether he has a stable income and what is his creditworthiness. It is worth remembering that loan companies may also refuse to grant a loan.

Where to find loan offers?

Where to find loan offers?

Non-bank loan offers offered to indebted persons are best found on the Internet. To this end, you can use many helpful articles, guides and summaries that present the current rankings of loan offers. Thanks to this, the Internet user will learn which companies have an offer for indebted persons and on what terms they grant loans. Most provide loans online, which is extremely convenient for both parties. The money goes directly to the customer’s bank account, although sometimes you can collect it at the post office, for example. It depends on the contract concluded between both parties.

Certainly, the indebted person should think carefully whether to reach for another loan. Since he has difficulty repaying one liability, he may also have difficulty repaying another. In the case of many non-bank loans, it is possible to extend the repayment period after payment of a certain amount. After all, with large debts, non-bank institutions sometimes need to raise credit or grant loans against collateral. The harder it is therefore to think about whether this extra money is absolutely needed. 

A secure non-bank loan – what?

A secure non-bank loan - what?

There are many different loan companies currently operating on the financial market. People who have never had any contact do not know what to consider when choosing the right one. It is therefore good to look carefully at loan rankingsfor those in debt that are posted online. It is worth reading a little more about each company and, above all, carefully reading the rules for granting a loan, and later also a contract before signing it. On the Internet, you can also calculate the cost of repayment of a loan of a certain amount for a specific period of time – special calculators are used. It is better to decide on the services of a company that is used by many people. Another issue is asking friends and family if they have no experience with any offer. It’s also worth reading opinions about a given company, posted by Internet users on the web. Many of them talk about their own experiences, so you can learn something important.

Non-bank loans for those in debt are an option that should be used as a last resort when you really need extra money quickly. 

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