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Non-bank loans – all types of payday loans

Most borrowers are often unaware of the number of types of non-bank loans currently available and how they are characterized. Why is this happening? This is due to the fact that they most often decide on payday loans or installment loans and do not pay attention to other forms of financial liabilities that are available on the loan market. This is a big mistake! In the article below we have described all non-bank loans and pointed out the offers that are worth using. Who provides cheap non-bank loans? Read!

  1. Cheap non-bank loans
  2. Short-term non-bank loans
  3. Mini payday loans
  4. Installment loans
  5. Non-bank loans for companies
  6. Non-bank loans for those in debt
  7. Loan refinancing
  8. Non-bank car loans
  9. Revolving loans
  10. Consolidation loans
  11. Bank loans

Cheap non-bank loans – offers

Cheap non-bank loans - offers

There are a lot of online loan offers on the loan market that are tailored to even the most demanding customers. However, it turns out that there are so many that most consumers have no idea what the differences between individual financial obligations offered by lenders differ. For this reason, we have prepared a detailed description of all non-bank loans and a list of the best offers!

Our comparison helps you quickly choose a cheap non-bank loan. Check what types of non-bank loans are available, what amounts can go to your account and how long the loan period is.

Thanks to the information we have gathered in one article, choosing the right non-bank loan will be much easier. 

Non-bank loan – what is it?

Non-bank loan - what is it?

Non-bank loans are most often associated with offers that are offered by various loan companies through online, television or radio advertising. The loan is granted on the basis of a contract between the borrower (natural person) and the lender (financial institution). It is also worth to read the provisions regarding this document found in art. 720§1 of the Civil Code.

§ 1. By the loan agreement, the lender undertakes to transfer to the person taking the property a certain amount of money or items marked only as to the species, and the recipient undertakes to return the same amount of money or the same amount of items of the same grade and quality.

Short-term non-bank loans – payday loans up to 30, 60, 90 days

Short-term non-bank loans - payday loans up to 30, 60, 90 days

Payday loan is undoubtedly the most popular product on the loan market. Most lenders offer their clients the option of taking a short-term loan for a small sum of money with a repayment period of up to 30 days. At this point, however, it should be emphasized that this is not the rule. Some loan companies offer this form of financial liability in the amount of up to PLN 7,500 for a much longer loan period of up to 60 or 90 days.

It’s good to know that most lenders also offer free loans that don’t include additional costs. In this case, the borrower returns only the borrowed amount of money.

mini payday loans, i.e. quick online loans whose amounts do not exceed PLN 1,000. Obtaining such a commitment is possible even with poor creditworthiness, which is a good example of payday loans without BIK.

Installment non-bank loan – up to 48 months

Installment non-bank loan - up to 48 months

Installment loans are an ideal solution for everyone who needs a larger injection of cash amounting to tens of thousands of zlotys. Consumers can apply for a maximum installment loan of up to PLN 255 550! The credit period of such a financial product may last up to 48 months.

Can a non-bank installment loan be compared to a cash loan? Yes, but only in terms of the amount and repayment date, in the case of the application process, these financial products differ significantly. A long-term non-bank loan can be obtained without meeting restrictive requirements, completing a large number of complex formalities or specifying the purpose of borrowed money. In addition, some installment lenders do not check consumer credit history.

Non-bank loans to companies – borrow money for business development

Non-bank loans to companies - borrow money for business development

Loans for companies are becoming increasingly popular among entrepreneurs who are struggling with a financial disadvantage. This is not surprising, because currently lenders offer interesting offers of non-bank loans with high amounts and a long loan period. In addition, obtaining this type of liability usually does not involve the presentation of income certificates and verification of creditworthiness.

It is worth noting that lenders distinguish two types of loans for companies: investment, which allow to implement planned investments and improve the functioning of the company, and revolving, enabling patching holes in the company budget and financing current expenses.Non-bank loans for those in debt – where to look?

It is important to know that loan companies are increasingly lending to people who are struggling with a negative credit history. What does it mean? Some lenders decide to grant a non-bank loan without verification in the debtors’ registers, i.e. the Credit Information Bureau, the National Debt Register or the Economic Information Bureau.

It is worth emphasizing that loans for those in debt involve small amounts and a fairly short repayment period. By obtaining this form of commitment, consumers gain the opportunity to get rid of uncomfortable debts to various financial institutions that have not been settled within the prescribed periods.Non-bank loan with the possibility of refinancing

People who cannot cope with the timely repayment of a financial liability to a lender may also benefit from refinancing a non-bank loan. What is this about? The consumer takes out a loan from a new loan company that contacts the previous loan institution and gives it an unregulated amount of money. Importantly, refinancing a loan usually involves additional costs.

Non-bank loans for the purchase of a car – take a non-bank loan of up to PLN 100,000!

Non-bank loans for the purchase of a car - take a non-bank loan of up to PLN 100,000!

Consumers who would like to buy a car but do not have enough money for it should be interested in obtaining a loan to buy a car. The amount of such a commitment may reach a maximum of even PLN 100,000, however, it should not exceed an amount greater than 65 percent. the value of the selected vehicle.

It is worth emphasizing that some lenders have in their offers a car loan without BIK. This is important information for all people who have problems with settling their existing liabilities towards various financial institutions and have poor creditworthiness.

Revolving non-bank loans – an alternative to overdraft

Revolving non-bank loans - an alternative to overdraft

The amount of the revolving loan depends on the borrower’s creditworthiness. The amount of such liability always varies between 2000 and 3000 PLN. It is worth emphasizing here that the amount obtained can be used by the consumer several times over a period of several months.

All borrowers should be aware that the funds spent from a revolving loan can be returned at any time, while each completed payment reduces the debt to the lender. This type of liability is mainly provided for people who can manage the accumulated funds.

Consolidation loans – combine liabilities into one and pay a smaller installment

Consolidation loans - combine liabilities into one and pay a smaller installment

What is a non-bank consolidation loan? This is a non-bank product that guarantees the consumer a combination of all financial obligations that he has contracted at various loan companies. In this way, instead of several installments, the borrower pays only one in a particular institution.

A consolidation loan is a reasonable solution for people who have trouble remembering loan repayment dates. However, it should be remembered that this commitment involves additional costs that should not be forgotten when analyzing the offers of lenders.

A bank loan, i.e. a cash loan

A bank loan, i.e. a cash loan

A bank loan is nothing but a cash loan. What do you need to know about her? First of all, this form of commitment can be used for any purpose without giving a specific reason. The maximum amount of such a loan is PLN 255 550, while the loan period may last from 1 month to 10 years.

Interestingly, a bank loan can be taken completely online on the bank’s website of your choice. The process of applying for this commitment is slightly more demanding than in the case of short-term or installment loans. It is worth remembering that for the institution granting cash loans, extremely high BIK scoring and consumer creditworthiness are extremely important.

Private loan – what is this form of financial liability?

Private loan - what is this form of financial liability?

The most popular private loan is certainly a family loan. This is understandable, because we trust close people. In addition, such an obligation does not involve the completion of numerous formalities, verification of creditworthiness or checking in the databases of debtors, i.e. BIK, BIG Infomonitor, ERIF or KRD.

It is also often the case that two private persons conclude a loan agreement with each other. However, one cannot forget that such a loan should be granted to a person whom we know and trust, otherwise we may be deceived. It’s better to remember that!