What you need to know
- Maximum amount and maximum repayment period – up to PLN 4,000 for 30 days
- First loan – maximum amount and maximum repayment period – 3000 PLN for 30 days
- Checked debtors’ databases – BIK, BIG and ERiF, KRD, Credit Check
- Age limits – minimum 21 years, maximum 65 years
- Lender’s bank accounts – Santander, Bank Pekao, Getin Bank, mBank, Alior Bank, Millennium Bank and PKO Bank Polski
- How quickly money will go to your account – up to 15 minutes, the company uses fast BlueMedia transfers
- Hours for processing applications – 24 hours a day, 7 days a week
- It is possible to extend the loan – it is possible to re-use it
What is Credit?
Credit is another loan company trying to force the Polish financial market. It comes from Estonia and has been operating on the Vistula for a relatively short time – for 3 years. The specialty of this lender are financial products that are a classic example of short-term loans. Credit is aimed at the needs of those customers who need a relatively small amount of money for a short period of time – a maximum of one month. Estonian company encourages you to take advantage of its offer through instant loan transfers.
Is the first loan free?
Unfortunately, Credit does not provide for the possibility of taking out the first free loan in its offer. All obligations to the lender described, even taken by the new client, are charged with standard fees. In the case of Credit, it is a commission, interest, and in addition, the APRC (Actual Annual Interest Rate) is given.
First loan – maximum amount and maximum repayment period
As mentioned above, the Loan loan for new customers is not free and is charged with commissions and interest regardless of the amount and time of repayment. On the other hand, it is worth appreciating the available loan amounts for the first customers, which are record high. At a minimum, you can borrow typically 100 zlotys, while a maximum of up to 3000 zlotys. The repayment date can be settled from 1 minimum day to maximum, typical, 30 days, or month.
Maximum amount and maximum repayment period
For second and subsequent customers, Credit provides the same offer as for new customers. Changes occur only when the borrower uses the services of the described company for the fourth time. Then a full offer is available. The maximum loan amount is changed, which is then up to PLN 4000. There is no change to the minimum amount of PLN 100 and the repayment date. It is a minimum of 1 day and a maximum of 30 days (a month).
Please note that every loan in Credit includes standard costs. As mentioned above, these are commission and interest, also expressed in the form of the Actual Annual Interest Rate, or APY. We will present these costs on the basis of a representative example.
- Borrowing PLN 2,000 for 30 days , the client is charged a fee of PLN 384 , interest is PLN 16 , annual interest rate is 9.73%
In this way, the total amount of PLN 2,400 should be returned.
Checked debtors’ database
All clients of the described loan company while submitting the application are subject to standard verification in the databases of debtors and financial registers. The goal is to assess your creditworthiness and financial history. Credit checks virtually all available registers. This is followed by the Credit Information Bureau, Economic Information Bureau (BIG), ERiF, National Register of Debtors (KRD), Infomonitor and Credit-Check.
In order to become a customer of Credit, an age of not less than 21 years and no more than 65 years is required. Therefore, the majority of students and pensioners can benefit from the services of this lender, and unfortunately – a very small group of pensioners.
Are any documents required?
When submitting a credit application, Credit still requires the presentation of a personal bank account where the consumer gets his monthly salary. In addition, it is necessary to receive this income in a permanent form for at least 3 months. This is checked at the stage of verification of customer data.
Lender’s bank accounts
Credit has a considerable number of accounts at the following banks: Santander, Bank Pekao, Getin Bank, mBank, Alior Bank, Millennium Bank and PKO Bank Polski. The bank in which the client has his or her account does not have any meaning – the described lender uses the BlueMedia service. Regardless of the banks between which transfers are sent, the money goes to the account in 15 minutes at the most.
How quickly money will go to your account
As mentioned above, Credit uses a modern and secure BlueMedia service. This means that regardless of the day of the week and time of day or night, money is sent instantly using this system. This is due to the fact that BlueMedia operates over outgoing and incoming sessions.
Hours for processing applications
Due to the BlueMedia system, Credit considers loan applications non-stop – regardless of the time, 24 hours a day, 7 days a week. Credit belongs to this group of companies, where you can apply for a loan even at night and on weekends or even holidays.
The possibility of extending the loan
In the event of problems with the timely repayment of liabilities, Credit offers the option to extend the loan repayment date. Interestingly, there is no limit to use – you can use it even with every loan. The extension time is determined with the consultant based on the individual terms of the client’s loan.
Credit verification is done using Kontomatik’s secure application. It checks the financial history of a bank account and scans transactions. In an instant, this information is given to the lender.
What distinguishes the described company?
Credit stands out against the background of other loan companies, undoubtedly an attractive and high amount of the first loan for new customers. In addition, it is worth appreciating the use of the rapid system of verifying Kontomatik, and above all – BlueMedia technology. The result is that the loan always pays out instantly, and you can apply for it at any time of the day or night.
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