Credit Cash Loan Online in loan companies and banks. On many websites you can find the so-called ranking of non-bank loans, which is to facilitate the reading of offers of loan companies operating in Poland.
The basic rule is that the lower the loan costs, the cheaper the loan is. That is why, in the first place, when it comes to payday loans up to 30 days, there are loan companies that offer loans for PLN 0 for new clients (APRC 0%). These are loans for a relatively small amount, usually not exceeding PLN 1,500.
By borrowing once again in a given loan company, we can borrow more, but of course we will not get a loan for PLN 0 anymore. We can possibly look for another promotional loan in other loan companies.
A loan or a cash loan
Replacement credits and loans are often used interchangeably. Contrary to appearances, this does not mean the same. What are the basic differences between a loan and a loan?
Cash loans are only offered by banks and Credit Unions. Loan companies do not grant loans! There is no such thing as a non-bank loan, a payday loan or a loan in a loan company.
In order to check banks that offer loans and cash loans, you can use the bank and loan search tool, this is: a comparison of cash loans.
Cash loans are offered by banks, but also by loan companies.
A cash loan in a bank or loan company
Cash loans have been regulated by the provisions of the Civil Code. You can borrow not only money, but also things, such as flour, furniture or a ton of coal. So these are things marked with the genre.
In the case of a cash loan, you can use it for any purpose. It may be the purchase of flour, furniture or regulation of school fees. It is worth knowing that in the case of loans granted up to PLN 500, we can conclude a loan agreement in an oral form. Above PLN 500 a loan agreement should already be concluded in writing.
The loan agreement may be concluded for an indefinite period of time and may be free, i.e. without interest or commission. This is also the case for loan companies offering the first loan for a new client for free. If the loan is for an indefinite period, the lender may (but does not have to) demand repayment by terminating the contract. The borrower is obliged to return it within 6 weeks.
Cash loan in the bank
Loans are not regulated by the provisions of the Central Committee, but are subject to the regulations outlined by the Banking Law Act. It can be granted only to the bank. A loan agreement, under pain of nullity, must be concluded only in writing. The subject of the loan can only be money.
Funds that have been received under the loan must be used only for the purpose specified in the loan agreement.
A loan agreement, other than a loan agreement, is a paid contract – there is a need to pay interest and commission.
Both in the case of a loan and a loan, the entity offering financial resources is obliged to provide the APRC, ie the actual annual interest rate.
Popular loans and cash loans
The most often on the site are searched for cash loans in banks. In second place are non-bank cash loans, so-called chwilówki. These are mainly cash loans in the PLN 500-2000 range.
Among the cash loans, the most popular searches concerned a cash loan of PLN 10,000, a cash loan of PLN 15,000 for 6 years, a cash loan of PLN 8,000, a cash loan of PLN 20,000. PLN 5,000 and a cash loan of PLN 5,000.