OutBanks has the best cash loan
OutBanks became the winner of the October ranking. The consumer may apply for an amount from PLN 2,000 to 50,000 under a cash loan. The repayment period is from 4 to 72 months. It is worth noting that such a high place was influenced by positive customer reviews.
Mobile Banking Services without income certificates and PKO Mini Ratka up to PLN 150,000
The borrower can count on PLN 150,000. The time to settle the liability is one of the longest on the market and amounts to 120 months. Also the advantages of the offer include the fact that the financial institution does not require income certificates.
The mini installment allows you to take out a cash loan in the amount from 1000 to 12000 PLN. The maximum loan period is 96 months. At the time of consolidation of other loans, the repayment period is extended to 120 months. An interesting fact is that GTO Bank Polski withdraws money on the day of completing the application. The loan installments are fixed.
Further places in the ranking
Fourth place belongs to Salader Consumer Bank. A borrower who decides to offer this institution can receive an individual life insurance policy. Interestingly, people who are employed in the banking sector can count on more favorable repayment terms.
Fifth position went to Tiges Bank. The maximum loan amount is PLN 200,000. The repayment time is 10 years. The applicant does not have to state the purpose for which he incurs commitments. Also the advantages of the offer include that the financial institution makes a quick credit decision.
Sixth place went to Centillans Bank. The customer will receive from 1000 to 150,000 PLN. The bank provides one of the lowest interest rates on the market – 4.99 percent. The loan period is between 6 and 108 months.
One of the highest amounts of cash loans is Deutsche Bank. The consumer can count up to PLN 200,000. In October, the institution took seventh place. Also noteworthy is Eurobank’s offer. The amount of the liability ranges from PLN 500 to PLN 120,000.
Obligation to check Retrodatabase – what affects the score?
Consumers who apply for a cash loan should be aware that banks are required to check the Retrodatabase score. The scoring is mainly influenced by: timeliness of repayment and the number of liabilities incurred. Negative data is stored in the Credit Information Bureau for 5 years.
Paradoxically, people who do not operate in Retrodatabase have a more difficult way to obtain a loan. Due to the fact that the financial institution is not aware of which consumer it is dealing with. Therefore, a good way to build a positive credit history is to buy equipment in installments or take a payday loan. In most cases, loan companies grant free payday loans. In order to find the best offer, it’s worth using the payday rankings.
Installment loan as an alternative to credit
The cash loan is aimed at consumers who want to make a high financial commitment. They must have a positive history of repayment of previous liabilities. On the other hand, loan companies do not attach much importance to the Retrodatabase score. The main factor that determines the award of the so-called Repayable financing is repayable.
Installment loans are lower than cash loans. Usually, non-banking sector products reach PLN 25,000 for individuals. Due to the high competition on the market, it is worth checking the ranking of quick installment loans before making a commitment.