It can happen to anyone that suddenly an unexpected financial arises, which one wants to fix as fast as possible. Often it is also the case that you want to travel unplanned or a new car in question. There are many different reasons to take out a loan. Most customers turn to their house bank for such a request. See maziliguney.com for the scoop
But more and more often, customers are also opting for a loan from Poland. What you should pay attention to and which conditions are particularly important.
Credit from Poland with better conditions? That should be considered
There are several reasons why choosing a loan from Poland. Most hopes for better terms, interest rates and less additional costs. Find out what conditions you should consider before deciding.
The first requirement is usually the credit check
When you apply for a loan from a bank in Poland, your own credit rating usually follows. Banks ensure that the granting of a loan represents a risk to their equity. The bank checks whether the customer has already had loans in the past, whether there was a disruption in installment payments, whether the customer in question had personal bankruptcy records or enforcement measures.
Thus, the lender secures against possible repayment difficulties and a possibly total failure to repay.
If it is found during this check that the customer has payment difficulties that he has not previously mentioned, there is little chance of a loan. Even existing loans that can not cover the income are a reason for rejection by most providers. Therefore, many customers are forced to look for a loan without credit bureau. Can you find such a credit in Poland? Or better in Germany?
Smaller amounts without credit bureau from Poland
A mini loan is a kind of small loan that can be applied for without a credit bureau exam. Here it remains to mention that no credit bureau examination does not mean that you need no proof at all. It also examines the credo form, where entries about enforcement and already existing loans are also visible.
Dunning procedures that have already been paid usually have no effect on the granting of a loan.
In the case of a mini loan without credit bureau, the terms are usually shorter, which is why it is best to consult a consultant before making such a decision, who can assess the financial situation in a professional manner. Also in the net you can find a lot of information. Advise instead of taking risks!
Also in Poland is being tested
A credit check from Poland is expected to be subject to a credit check. However, in Poland smaller credits mean fewer exams. Another way to get a loan in Poland are private lenders. There are many in Poland. Very often one encounters lenders who demand no proof of payment. The downside of such a loan is higher interest rates. This is what most customers like to use if they can not get credit because of their credit bureau income in Germany.
In addition, it is important to note that loans in Poland are not paid in euros, but in the local currency, the Polish zloty.
When repaying a loan with the private lender, it is necessary to use the same currency. So if you get a loan and this is paid in Polish zloty, you have to pay later in euros. When repaying is exchanged again in Polish zloty. This creates fees in both ways.
Polish zloty as a risk in the loan
Please note the Polish zloty against the euro. Although the Polish zloty has recently been considered stable and robust, the euro may weaken against the zloty, which is why repaying a loan requires more euros to cover the costs.
This can actually cause unexpected extra costs. But one advantage is that a loan is easier to find online in Poland. This is, after all, the most common source of such loan applications.
A loan from Poland can be applied online easily and quickly. The credit check is less important than in Germany and usually comes with a proof of income already in question for the award of a loan.
However, one should take into account how high the interest and additional costs fail, if one provides no proof of one’s own creditworthiness.
What happens when you work in a German company in Poland
Because Poland is now in the EU, many German companies have moved to Poland. Accordingly, there are also many credit applicants who work in a German company in Poland and need a loan. These customers can also submit their application in a German savings bank. Applications for a loan are usually issued in Polish. The application must also be completed in the local language. If you do not speak Polish, you must either have the application completed or have it customized by a foreign language translator.
Here too, additional costs are to be expected.
The risk with such a form of credit is the higher interest rates due to the missing credit check. Therefore, it should be noted that you are exposed by additional translation costs, as well as higher interest rates no over-indebtedness.
The Group Centre Bank is not responsible for interest rates here. That is why the interest rates in Germany are usually higher than in Poland. That’s why Poland is applying online in their own country for a loan that they usually get quickly. The burden of interest is, however, still significantly high, considering that no proof of creditworthiness is needed and thus the lender has no security to get his money back.
Accordingly, such loans also incur higher fees in the final amount. So you have to expect to have to repay significantly more money than you received.
So it does not matter if you apply for a loan from Poland or in your own country.
Dewr difference is seen only in the credit check.
A loan from Poland is recommended for customers who fear negative bankruptcy entries or are in court through enforcement proceedings.
These customers are well advised to look in Poland for a loan, because they have little chance of a loan in Germany with such conditions.
Conclusion on the subject of credit in Poland and
If there is no possibility of a loan in this country, one can opt for a loan from Poland. It is important to thoroughly inform yourself how the application is processed, what conditions are necessary and what interest rate is waiting for you. In addition, one should note the currency risk.
A loan in Poland is easier to get than in Germany, but you could expose yourself to a higher risk of over-indebtedness. Poland demands fewer credits, but collects more fees for the lack of security.
When lending through a private lender you need a proof of income. This is usually enough to get a private loan. Nevertheless, one should note the final sum that the private lender wants to have for his loan. The lack of credits in lending could lead to higher fees. Although this varies depending on the provider, but you should inform yourself. Also a consultation with the offerer or with the own house bank is not bad. This is how you prepare yourself and avoid a possible risk of over-indebtedness right from the start.
Also online you can find many interesting reviews and opinions about credit from Poland.