Monthly Archives: August 2019

How do you get a cash loan without certificates?

Cash loans without certificates have enjoyed varying popularity over recent years. Due to the fact that various types of loan companies deal with this type of loans, repayment of this type of debt was often burdened with high costs, which the borrowers were not aware of. Currently, offers are cheaper and more transparent. 

What is a cash loan without certificates? 

What is a cash loan without certificates? 

A cash loan is a form of loan that Poles willingly use. It can be used for any purpose we choose, which is buying a car, renovating an apartment, or going on vacation. However, sometimes we do not have time to complete all necessary formalities or for some reason we cannot provide the bank with all the documents. Then, an ideal solution becomes a cash loan without certificates. Recognizing the growing demand for such financial products, more and more traditional banks are offering them to their clients. And limiting all formalities to a minimum means that there are plenty of volunteers.

In most cases, this type of loan amounts to relatively small amounts of money, reaching several or several thousand zlotys. Interestingly, in some cases we do not even have to leave the house to receive such a cash loan. We can also apply for it by telephone or via the Internet, if it is more convenient for us. In a situation where we care about time, however, the best solution seems to be a personal visit to the institution of our chosen institution. Then, from the moment you enter it, you can even count on the payment of your loan within a few minutes. 

The process of granting a cash loan without certificates 

The process of granting a cash loan without certificates 

In many cases, applicants for a cash loan must complete a specially prepared statement on their income and financial obligations. Such a document is the basis for the institution we are contacting to confirm our credibility as borrowers. Some companies still check it through the Credit Information Bureau, i.e. the Credit Information Bureau, which contains information on whether we have repaid previous liabilities on time. Our account can also be reviewed quickly to determine our monthly income. In the event that the lender does not raise any doubts, the decision to grant us a cash loan is usually made very quickly. Payments can be made up to a maximum of three days. 

Who can get a cash loan without certification? 

Who can get a cash loan without certification? 

Browsing the ads of companies offering us cash loans without certificates, one can say that the money is given to them practically to everyone who applies to them. In fact, this is not the case. These types of loans are associated with certain criteria, which must, however, be met in order for the decision to grant us a loan to be positive. To use a cash loan without certification, a bank or other financial institution must ensure that all previous financial obligations have been repaid on time. This is one of the reasons why it is so important to take loans rationally after analyzing our financial possibilities. Any delay in the repayment of even the smallest liabilities can affect our future credit applications. 

In addition, if we want to get a cash loan without certificates, we must determine our monthly income. The financial institution does not require an official document from us then from the employer or from the bank. However, we inform about income in the form of a declaration, which is treated as a document with legal force. So if we think about giving false information about our earnings, the consequences can be serious, including the threat of imprisonment. It is also worth noting that not only private individuals but also companies can apply for this type of loan. It is often a very important form of help for companies that are struggling with temporary problems. The more so because some financial institutions offer their clients a cash loan without checking the BIK. 

Where can you get a cash loan without certification? 

Where can you get a cash loan without certification? 

Fortunately for customers, the offer of financial institutions regarding cash loans without certificates is really big. Therefore, we can go to a traditional bank, but also to branches of loan companies. Interestingly, the number of companies that allow us to apply for a loan online is also growing. Therefore, without leaving home, we are able to quickly get the money we need. A large selection, however, can also be a big problem. Comparing different offers may take us a long time, so it’s good to get help. In this situation, Internet comparison websites and cash loan rankings. After entering our needs and possibilities in them, we will quickly find out which company offers us the loan conditions that best meet our expectations. 

When is it worth taking a cash loan for an apartment?

 

For many people, buying their own apartment is a dream come true. Few, however, are able to finance such an investment from their own resources, so the best solution seems to be to take out a loan. Of course, we immediately think of a mortgage, which, according to many customers, is the only reasonable way out of this situation. But what about cash loans ? Is it worth considering this option as well?

Your financial needs

Your financial needs

Lots of people think that buying real estate should always be financed with a mortgage. They say in advance that it is more advantageous primarily due to the amount of installments that are lower than in the case of cash loans. Sometimes it may turn out that these are only apparent savings. When considering which solution to choose, it is important to determine the amount of such a loan. It may turn out that in our case the mortgage will turn out to be an option totally worth our effort.

What does this mean in practice? A mortgage is the best solution if, for example, we intend to buy an apartment for at least several hundred thousand zlotys, and at the same time our own contribution is relatively low and amounts to 20 percent. However, it is different in the case of people who have the majority of funds for the purchase of real estate and lack only tens of thousands of zlotys or would like to spend part of the obtained loan on finishing or renovating the apartment. In such a situation, after making a thorough analysis and necessary calculations, it may turn out that a cash loan is a better and easier option.

Free disposal of money

Free disposal of money

Another thing that you should consider when considering taking out a particular type of loan is the purpose for which you want to spend the money received. Certainly many people realize that a mortgage is a special-purpose loan. This means that the bank lends us funds to meet a specific goal that needs to be documented. If such a loan is to be used to buy real estate, the money goes entirely to the seller’s account. When we want to finance the finishing or renovation of such an apartment from the loan, the money will be on our account, but we will be obliged to settle all the works performed, which were specified in the renovation and construction cost estimate.

As you can see, a mortgage will be a good solution for us only if we have a clearly defined goal that we want to achieve with the help of borrowed money. In a situation where we do not have specific plans yet, and at the same time we do not want to explain to the bank every zloty spent, a cash loan may be a much better solution for us. In this case, the loan application does not have to specify the purpose for which it will be used, and therefore the bank will not settle us for its implementation. What’s more, when we decide to take out a cash loan , the entire amount immediately goes to our account and we can freely dispose of the money received.

When time matters

When time matters

I think everyone is aware of the fact that the process of applying for a mortgage is associated with many formalities. Banks require their clients to provide them with a huge number of various documents, which must then be properly verified. Therefore, the time in which we are waiting for the bank’s decision to grant us the money we are applying for is significantly longer.

However, not everyone wants to wait or to visit the bank with subsequent batches of documents for the following weeks. In the case of cash loans, the bank reduces formalities to a minimum. The client’s sources of income and his previous debt history in BIK are checked. It can therefore take only a few days from submitting the application to the withdrawal of money. 

The cost of taking a loan

The cost of taking a loan

Very often the most important argument of people deciding to apply for a mortgage are the costs associated with it. And of course they are right because both the interest rate and the monthly installments payable are usually lower than in the case of a cash loan. However, it should be remembered that mortgage loans are cross-sell offers for most banks. This means that when deciding to take such a loan, we simultaneously buy other financial products from the bank, such as a bank account, credit cards, or various types of insurance (for example, due to job loss). The costs of real estate valuation or mortgage establishment must also be added to the loan-related costs, which is associated with additional fees.