Non-bank companies, if they already offer high amounts of loans, are staying in the amount of PLN 25 thousand. It is worth pointing out at the outset that no reliable lender will offer a high amount to a client who is not credible in his eyes. There are virtually no companies that offer a transfer of PLN 25 thousand in 15 minutes or without certificates. What do we usually spend the money on the loan for? Which non-bank companies have a loan of up to PLN 25 thousand in their offer?
A loan of up to 25,000 for any purpose – is it possible?
As a rule, high amounts of loans are associated with the necessity of giving the purpose for which the money is to be spent. Loan companies, unlike traditional banks, do not require such a declaration. It is also worth paying attention to the fact that usually long-term installment loans are granted on more favorable terms than popular, short-term payday loans.
Loans up to 25,000 can be used for any purpose. It depends on the client what the money will be spent on. The popularity of non-bank loans increases year by year. The upward trend is seen primarily in the case of installment loans. They become a more attractive alternative to fast payday loans (even free payday loans ) as well as traditional bank loans. The increase in popularity is associated, among others, with the possibility of obtaining higher amounts of loans and limiting formalities (in comparison to banking procedures).
Popularity of installment loans on the Polish non-bank market
Non-bank installment loans enjoy growing popularity. The report prepared by Retrodatabase unambiguously indicates that in the first half of 2018, loan companies granted 7% more loans for installments than in the same period in 2017.
The introduction of the anti-usury law was not without significance in the growth of interest in non-bank products. It reduced the unfair practices of loan companies, which allowed potential borrowers to gain more confidence in this type of institution.
Non-bank loans have the advantage over bank loans that they are not subject to the necessity to complete many formalities. It is true that amounts as high as 25,000 can not usually be obtained in 15 minutes, but loan companies have much less stringent requirements for their clients than banks.
Installment loans are an attractive alternative to payday loans. They can be repaid in many convenient installments. Some lenders offer the possibility of spreading their liabilities even for 48 installments (4 years). The amount of the installment can be determined so that it does not constitute an excessive burden on the household budget.
What we usually take out installment loans for:
- buying a new car,
- holiday trip,
- starting a business,
- apartment renovation,
- purchase of furniture or home equipment,
- car repair,
- device for the reception of, for example, weddings, baptisms, communions.