Looking at the financial market in Poland, one can safely conclude that the average Kowalski has many opportunities to take an attractive loan. There are many banks in Poland, offering various loans, and non-bank institutions have similar offers for people who cannot borrow in a traditional bank. These branches, although they have offers similar to traditional banks’ loans, have slightly different conditions for granting the loans themselves, thanks to which people with no documented income can count on the loan.
How is it with the banks?
The banks that are on the market the most offer various forms of loans – from classic consumer loans for any purpose, through consolidation or mortgage loans. When applying for a bank loan, however, you must have documented income that is the basis for calculating your creditworthiness, and thus affects the amount of credit granted. This is one of the main conditions for granting a bank loan, which means that people without documented income – ie not working or working in the gray economy – cannot count on the loan.
An alternative to banks
The offer that typical non-bank institutions have is slightly different. Known as “payday loans”, having quite different opinions, but having their own group of customers. What is the difference between the offer of popular “payday loans” and the offer of banks and why this type of financial support is ideal for people without employment? First of all, non-bank institutions have a more preferential, flexible offer that is more suited to clients and their individual needs. Although some of these institutions take into account income and credit history, this is not the only condition for granting a loan, thanks to which the unemployed have a chance to consider their application positively.
What should you watch out for?
Non-bank institutions have different opinions regarding their activities for a reason. There are many companies of this nature on the Polish market and most of them have many years of experience in the industry, but not all of these institutions have equally attractive and transparent lending conditions, and in many cases non-bank institutions are the only form of financial support for borrowers. Therefore, if you want to take advantage of the loan office offer, you should carefully look at the offer they offer, and then compare them with the competition and choose the option best suited to you.
What for the unemployed?
Unemployed people applying for a loan are unlikely to have a positive opinion on their claim at a traditional bank. However, it often happens that people without a permanent source of income are forced to seek financial assistance. In such a situation, you should compare and choose the offer of non-bank institutions with calmness and prudence and choose the option that is best for you. Thanks to this, the average Kowalski will find a safe, preferential loan offer just for himself.