A Quick Non-bank Loan – an Alternative to a Private One

You need money, but you can not count on a loan You may be considering taking a private loan, but is it a safe form of borrowing? Most people who have had contact with borrowing or are interested in this topic are well aware of the difference between a bank loan and a non-bank loan. However, few people know what private loans are. In comparison with loans from non-bank companies, they do not enjoy much, because they bring with them more threats.

What is social lending?

What is social lending?

Social loans appeared on the Polish financial market in 2008. This was the result of the demand for this type of services, because the banks set the bar high for their clients and hardly anyone was able to meet the conditions necessary to obtain a loan. Social lending consists in concluding transactions between two natural persons – one of them is an investor and grants a loan to another person who needs financial support. For this purpose, special websites are created – this is where the parties interested in the transaction meet.

Doubtful security of social loans

Doubtful security of social loans

The advantages of social loans are distinguished by:

  • Formalities limited to a minimum
  • Offers available on the internet
  • Flexible contract terms
  • Terms of loan agreed between the parties

When we need financial support, these types of offers may seem attractive to us, but often our problems can be solved by non-bank installment loans. There are several differences between these services. In the case of social loans, despite signing the contract, we are not sure from whom we borrow and how this person will cooperate with us. Unfortunately, Polish law still has many gaps that use financial frauds, driving the other side into trouble, which can even lead to a spiral of debt. The situation is different with loan companies. Of course, dishonest players also get here, but at least we have the opportunity to verify lenders before signing the contract.

Non-bank loan better than private one?

Non-bank loan better than private one?

As we wrote above, both non-bank and private loans are very similar in many respects. However, the most important criterion we are guided by when choosing a commitment should be our security. Private loans are like a lottery – maybe we will get a fair lender, but nobody can promise us that. There is also the other side of the coin – investors also have no guarantee that their client is honest. In the case of non-bank loans, we can feel safe. And even if we have doubts, we can quickly verify the credibility of the lender. How to check the integrity of a loan company? The databases, serves all of these services – all of them provide a reliable list of companies we can trust. After such verification, we will certainly avoid the risk by taking a loan in installments.

Immediate loans even to protesters and bad payers

Are immediate loans possible even to protesters and bad payers ? When we talk about fast and very fast loans, we usually refer to personal loans provided within a day or two at most of the time the documentation was delivered: indeed, finding loans to bad payers and complained in 24 hours is not so obvious, since the reports at the end-to-end knowledge company or the Register of Protests represent an obstacle to the provision of capital by banks and financial institutions, however the credit market has prepared a package of offers that allow immediate loans to be obtained even to protesters and bad payers through the web: online loans, in fact, allow you to combine speed and savings, meeting those who need immediate liquidity, although the interest rate for bad payers and protesters could be higher than the average.

Immediate loans: what actual timing?

Many of you readers will be wondering if the advertised timing for immediate loans to protesters and bad payers are really the real ones and it is not pure marketing to attract customers: well, a definitive answer in this sense is not easy to provide, a lot depends on the financial company that is in front of us, and certainly other variables come into play as the amount requested (the lower it is the lower the degree of risk for the bank, and therefore it also increases the speed) and the mode operating on the financial network itself. However in general we can say that if one day appears to be actually complicated as a deadline to be respected, at least for the total amount that can be financed, providing the capital within 48 hours from the complete receipt of the requested documentation is a consolidated practice for several companies operating in the online sector.

Fast loans for protesters and bad payers: the interest rate

immediate loans protested bad payers

It is at this point that we question the actual convenience of these immediate loans for protesters and bad payers : considering that it is quite complicated for those who have had financial problems to access credit, it would be somewhat utopian to think of being able to obtain financing at an equal interest rate to that of a customer without negative reports: in the logic of the credit institutions to reduce the risk levels of a loan it is inevitable that above all the APR, the Annual Global Effective Rate which includes all the costs and charges connected to the disbursement of the loan, may know a rise compared to the average, perhaps because they impact the costs of a mandatory insurance to protect the credit, or because the same interest on the capital is pushed to high levels. Generally the interest rate of an immediate loan is around 17 percent, fixed for the entire amortization period, with repayment plans of variable duration. To assess the actual convenience of a fast loan to protested online, it is advisable to get more quotes from different companies and compare the rates and financial conditions proposed, so as to choose the offer with the greatest savings possible.

Requirements

The simplest and most direct way to obtain immediate loans, even for protesters and bad payers, is to turn to companies that operate online and offer a salary-backed loan, a particular type of personal loan that provides for a repayment method by withholding the monthly payment of depreciation directly on the salary or pension received by the debtor. To access the fifth assignment, the requisites are being

  • Public sector employee with permanent contract
  • Employee of the private sector with a permanent contract
  • Employee public or private employee with a fixed-term contract, with the limitation of the amortization plan that cannot exceed the expiry of the employment contract itself
  • Holders of retirement benefits, excluding pensions and social allowances, civil disability, integrated pensions of at least 500 euros per month

Individuals and freelancers cannot have access to the fifth sale without VAT, without the guarantee of the pay slip or pension slip.

Immediate loans for autonomous protesters

Given the impossibility of accessing the salary or pension salary, we specify that it is extremely difficult to obtain immediate loans for bad payers and autonomous protesters, officially no financial company agrees to provide such a loan, however if you have a guarantor very solid financially and reliably from the financial point of view, grants may be sought, but the margins of success are very limited. As an alternative for the autonomous with problems of access to credit there are the loans with bills of exchange, reserved for those who for various reasons cannot obtain a traditional personal loan.

Immediate loan offers for bad payers

Let us now see a series of offers of immediate loans for bad payers and protested disbursements by means of the sale of the fifth, financial companies that operate on the Net in a prevalent or exclusive manner, in total safety of the sensitive data inserted by the customers. Among the various online credit institutions that offer this type of financing we have:

  • Dynotell, which offers from 2,500 to 50,000 euros, with the possibility of paying an advance in 24 hours. Also possible loans with bills of exchange
  • Multicredit Italy, which also proposes the lowest possible rate and a down payment in advance of the sum to protested and bad payers. Also offered the renewal of the sale of the fifth
  • ItalyVest, which proposes not only the sale of the traditional fifth but also the consolidation of debts for the seized with the same reimbursement formula, in order to eliminate the attachment and also obtain new liquidity
  • centibank offers fast online loans through various intermediary companies also for protesters and bad payers, with salary assignment, delegation of payment for employees and debt consolidation

These are just a few examples of financial companies that offer immediate loans even to protesters and bad payers, but by searching on the web you can find numerous institutions that operate online that help those who had previous financial problems to find a loan.

Possibility of mini loan

A final consideration we can make about immediate loans in 24 or 48 hours, even for protesters and bad payers, is to see, if little liquidity is sought, if a mini loan or small loan can be obtained, depending on how it is defined by single credit institution, which offer amounts that can be financed from a minimum of 500 euros to a maximum of 5,000 euros in the form of rechargeable credit cards or a credit line connected to the current account, in which the capital increases every time you proceed to amortization, which generally involves very short periods. An optimal solution for small amounts, which is now offered by most credit institutions and financial companies operating on the national market.

Cash Loans and More

When browsing the banks’ offer, we can come across many different financial products. Of course, one of the most popular is a cash loan. It turns out that we should not focus solely on him. In the end we also have various other loans, from which we can spend the money on individual goals.

Cash loans

Cash loans

As we already know, cash loans are currently the most popular. Nothing unusual. In the end, they are available almost immediately. You do not have to leave your home at all to be able to apply for financial support in this form. At the same time, we do not have to completely explain what we will spend the money on.

Usually, if we already own a bank account in the same facility, we can expect a much smaller amount of formalities. The bank checks our creditworthiness on the basis of an account statement. And money is also transferred much faster. Cash loans stand out, of course, that we can borrow from a few hundred zlotys to even 200 thousand. PLN with a maximum repayment period of up to 10 years.

Car loans

Car loans

Car loans in terms of conditions are very similar to cash loans. Also their maximum amount can successfully exceed the sum of 100 thousand. PLN, while the repayment period can be as much as 120 months. However, as in the case of a cash loan, the bank is not interested in what we spend money, just in the case of a car loan, this expenditure is strictly defined.
Even the bank makes some decisions as to what specific vehicles can be borrowed and which unfortunately are not. Often there is a problem with used cars that are old-fashioned. Then the bank may refuse us such a loan.

It is necessary to watch monthly installments, because the lack of loan repayment means that the car may eventually become the property of the bank.

Home loan

Home loan

If you are already deciding to go your own way, we also choose a housing loan. It is intended not only for the purchase of an apartment, but also for its renovation, construction of a house or renovating a house. Here, the talk is about really large sums, starting from tens of thousands of zlotys. Everything will also depend on our creditworthiness as well as the value of the flat or house that is to become our property. Because in the case of this loan, we must also mention that it is pledged with real estate. Therefore, if the obligation is not repaid, the property becomes the property of the house.

Mortgage

Mortgage

Very often a mortgage loan is really confused with a cash loan. All because both loans are closely related to real estate. Indeed, in both cases, the property owned or purchased by us is pledged. But in the case of a housing loan, we are just borrowing money to get a specific property. However, in the case of a mortgage, this money can be used for a completely different purpose. In this case, only the security is mentioned.

Very often, someone wants to develop their business and sets up their property, such as a house or flat. The money is intended for a completely different purpose and we also deal with the possibility of borrowing a really substantial sum in such cases, but under the condition of pledging your mortgage. That is why such loans are called mortgages.

Consolidation loans

Consolidation loans

If we already have some problems with the repayment of our existing obligations, we should necessarily be interested in using the so-called consolidation loan. It is a loan that allows for so-called consolidation, i.e. a kind of merging all existing installments of loans, credits and other liabilities into one installment. Of course, consolidation loans are granted to people who have financial problems, but at the same time have adequate creditworthiness, as well as other predispositions to pay such a loan. Often, such people have a negative credit history, which means they have closed the possibility of taking loans elsewhere.

Cash loans and more

Consolidation loans are also distinguished by the advantage that the costs of such a commitment are usually much lower compared to previous debts.

Bearing in mind all these financial products, we can now successfully say that these are the most useful solutions. Everyone will certainly be in a life situation during which he will have to take advantage of the loan. Knowing what the different loans are, it will be easier to choose the right offer for yourself.

Loan with 400 euros income – paid with the part-time job

A loan with 400 Euro income does not show a coherent credit picture with a sufficient income. When loan with 400 Euro wage several difficulties arise. pennyashton.com has details

With the low salary, the bank does not have the necessary plan security and will not approve a loan. If a loan is made, it will be a mini loan.

The most important thing in keywords

  • A 400 Euro job is not suitable for securing a standard installment loan
  • Unless it’s extra income, in addition to the main job or the loan is additionally secured
  • Check your individual credit chances with 400 Euro income – quite simply and without risk
  • Right now make a non-binding loan application

Credit with 400 euros income – Credit

Anyone who applies for a loan and only proves to have 400 euros in income will only get a loan under certain conditions. In general, the income is not high enough, it shows no attachable share.

This is not enough for life, which causes many to apply for social benefits. However, these social benefits can have a negative impact on a loan.

The Social Welfare Office will consider the loan as a fortune and will not continue paying the benefits. 400 euros from a main job are therefore not sufficient for the loan is secured.

The bank could not seize in case of emergency. That is why it is just the house banks that wave at a loan with 400 euros income.

Here the Internet shows other possibilities.

Credit with 400 euros income – collateral

Prospects of success could bring so-called collateral. The bank needs a borrower whose income can be secured in the event of a loan default.

But that’s not possible with 400 euros. Therefore, the bank offers to name a guarantor.

With a guarantee, the credit could succeed because the guarantor continues to pay the installments in the event of a credit default. As with guarantees with high loan amounts, the loan with 400 euros is expected rather with a small loan amount.

As a result, the guarantor has less risk. Nevertheless, he must have a sufficient income, a clean private credit and a permanent position.

The bank will examine this comprehensively. However, the question arises as to how high the installment amount may be, so that it can be paid with the low income.

If the 400 Euro income comes from a side job, the situation looks very different.

Income from the main job and the part-time job

Income from the main job and the part-time job

Here is a very different credit picture. However, both incomes must also be above the attachment exemption limit.

If this is the case, a loan without collateral can also be approved. Loan seekers should first question whether the income from the part-time job is also counted towards the income from the main job.

If the income is sufficient, the customer can search for a suitable provider with a credit comparison. Pay attention not only to the interest rate, but also to additional benefits such as special payments or installment breaks.

The amount of the credit installment should be set to match the income. Thus, a long term low rates and a short term high rates.

The customer only learns the personal interest rate when he makes a credit inquiry. The loan could also be made if the partner who has a sufficient income joins the credit agreement.

Bad private credit – credit with 400 euros income

Bad private credit - credit with 400 euros income

If a bad private credit is added to the low income, the situation seems to be completely hopeless. Nevertheless, it depends on which entry it is.

If he is more lenient, such as a forgotten bill could still succeed in a credit, as long as there is a lender who does not require an income of more than 400 euros. If it is a serious entry, such as a wage garnishment, the credit is hopeless.

No lender will provide a loan under these circumstances. Usually, credit seekers with bad private credit can switch to a foreign loan, the Swiss loan.

There the private credit does not matter. But the bank is placing high demands on income.

So alone at the 3500 euro credit as a single person net 1150 euro to be earned. If only two people live in the household, the income limit rises to 1600 euros.

Thus, the debt-free loan is also not an option.

Credit with 400 euros income – the alternatives

Credit with 400 euros income - the alternatives

If you want to buy things of daily life from the loan with 400 Euro income, an installment payment from the dealer can also help. There are the electrical wholesalers, the mail order companies, online shops or other retailers.

These traders usually do not ask for the amount of income. It is often sufficient to present a bank card or credit card.

However, the private credit must not be burdened. If you are an existing customer in the mail order business, you can then shop for goods of up to 1000 euros without the need for a proof of credit.

But just these traders quickly ensure that the private credit receives negative entries. If it comes to a rate failure, the private credit is reported.

The goods are the property of the merchant until the loan is repaid.

Credit Loan – Alternative to the loan with 400 Euro income

Credit Loan - Alternative to the loan with 400 Euro income

If money is regularly added to the checking account, customers can receive a credit line. Usually, banks grant three net salaries as a limit.

However, if the bank is transversely and does not approve the MRP, another provider should be sought. For example, Echo Bank offers a free online checking account, which already has an interest-free dispo of 50 euros.

But even with a small Dispo this should only be used for a short time. Banks calculate overdraft rates in the double-digit range.

Credit from private to private – Credit marketplaces

A new trend in lending is presented by the portals Creditend and trucredit. Loan seekers are brought together with private investors on these portals.

A lending decision of private investors is under a very different picture than a regular bank. Nevertheless, it must be ensured that the loan can be paid.

The customer creates a profile and brings his credit wish trustworthy and understandable. If confidence is taken, some of the residents may submit bids until the loan amount is reached.

If you can not find another lender, you should try it. The process is only chargeable when a loan is made.