We borrow money for large expenses, for example for the purchase or construction of real estate, as well as for smaller ones, everyday. In the first case, we are talking about long-term loans, but in the second case we are talking about short-term loans, which due to small amounts are to pay off in a short time. Currently, we can get a loan from both a bank and a non-bank company. We can then find for ourselves such an offer, which will suit us in terms of requirements and costs. Often loans made are short-term ones. What are these types of loans?
What are short-term loans?
In general short-term loans are defined as loans offered for a shorter period than 2 years. So these are loans for example for a month, 10 months or also for 24 months. These loans, as we have already mentioned, often refer to smaller amounts, which are easier to repay by the borrower, up to about PLN 10,000. Also short-term loans will allow us to more freely determine the threat, because it is easier for us to look a year ahead than for a few decades before us. In addition, these loans are instantly awarded and do not require the submission of a number of documents. Many times we can obtain them only as evidence. Extremely common loans for short periods are also internet loans.
Where can we get a short-term loan?
These types of loans are often available. We can get them at a bank or a non-bank company. We can also take advantage of comparison websites, such as the Pożyczek 360 Center, to select the best offer.
It is a fast non-bank loan that is also offered on-line as well as on-line. The stands are for amounts ranging from nearly 200 to 3000 zlotys, but we also find institutions that can borrow significant amounts. The payback period usually ranges from 15 to 30 days, but we also find loans up to 60 days. We often pay loans in one installment. We can also take advantage of the possibility of extending the repayment period many times.
When we need money in a larger sum, which repayment is spread over “convenient installments”, we can also choose installment loans. Then we can get a larger sum for any expenses and individually choose a repayment period – from 10 to 24 months. Then the debt is divided into installments and is definitely easier to pay.
What conditions must we meet to obtain a short-term loan?
They are not exaggerated. In most financial companies, the basis for taking a loan is to have a source of income, for example under a contract of employment, pension, or old-age pension. However, we can also get a loan with irregular revenues, such as a contract for a work or order. With short-term loans, we do not usually have to provide documents confirming our earnings and only fill out a certain statement in the application.
Most borrowers also require the client to have a good credit history at BIK or other databases, for example KRD, BIG. We also have loans without BIK, which will allow you to get money without checking in the above mentioned databases.