Cash loan – good offer

We live in an era that enables consumers to use most of the financial services on the internet. In search of a cash loan offer, it was not long ago that you had to visit most banks in our city. It is now a thing of the past. When looking for a cheap and quick cash loan, all you need to do is start the computer, use the internet browser, enter the loan rankings or loan comparator. The tool, according to our criteria, will initiate a search for a bank or non-bank loan offer. Using comparison engines guarantees great convenience and high efficiency in finding an offer tailored to our capabilities.

What to look for when looking for a cash loan online?

What to look for when looking for a cash loan online?

When looking for a loan at the Bank or using available comparison engines, it is worth paying attention to the interest rate on the loan, the commission related to its granting and all other costs that are included in the total cost of the loan defined as APRC – Actual Annual Interest Rate. It should be assumed that the smaller the APRC, the more attractive the loan. The total cost of the loan and the amount of loan installments should always be adjusted to our financial capabilities. We only take out the amount of credit that we are able to handle in a timely manner without losing our household liquidity.

What is creditworthiness and who examines it?

What is creditworthiness and who examines it?

Creditworthiness is the ability of the borrower applying for a loan to repay the loan amount, which includes installments with interest on the dates specified in the contract concluded with the bank. The creditworthiness assessment process is based on an analysis of the borrower’s financial standing. The borrower’s creditworthiness is examined by the bank granting the loan. It mainly examines the borrower’s income (e.g. employment contract, mandate contract, etc.), current charge on loans and borrowings (including credit cards) and fixed monthly maintenance costs related to household maintenance. The process of assessing creditworthiness also includes a qualitative analysis of the borrower, occupation, age, property (movables, real estate), education, etc. The Bank downloads a report from BIK on the basis of which it examines and assesses the borrower’s credit history. It also examines how much borrower currently has commitments in the form of loans and advances.

Borrower’s creditworthiness

Borrower

Creditworthiness for financial institutions is an important criterion for assessing customers applying for a loan. Based on the information obtained from the databases of the Credit Information Bureau (BIK), they assess the creditworthiness of the potential borrower. BIK maintains an extremely accurate credit history for each borrower. The services of the Office are mainly used by Polish banks and most loan companies. Take care of yours