Vivus is currently the largest company operating in Poland, which provides loans – payday loans. The company was founded in 2008 in Latvia, in the following years expanded its activity, growing in countries such as Denmark, Finland, Lithuania, Sweden, and in October 2012, it began operating in our market. Currently, it can boast of a base of 1 million customers and loans granted for the amount of over PLN 80 million per month. These numbers do not come from nothing, because the lender runs very aggressive marketing; as we mentioned on our website, in the third quarter of 2013, the company spent nearly PLN 26 million on advertising and was named the most generous financial institution.
The owner of Vivus is 4 Finance Group (which also includes the Zap³³a loan debut in June), which provides loan services in 13 countries. At the head of the Polish company stands Loukas Notopoulos, a manager who participated, among others. in the development of Polbank on the Polish market.
Vivus – Offer
The free loan offered by Vivus is a flypaper for customers. Some say that the company is dumping in our market (it conducts business at a loss) in order to build the largest customer base. A very advantageous offer of pay slips has a positive impact among customers for whom these loans are often the last resort. A free loan can be used, for example, for the repayment of a credit card, an overdraft limit, payment of arrears or rent, thus avoiding penalty interest. However, it should be remembered that the extension of the free period is already payable, so that the loan is really free, it must be repaid before the set deadline. In Vivus we will get the first loan from PLN 100 to PLN 3000, we get it for free, and we pay for it from 1 to 30 days to repay the obligation. However, we must remember that loans are not granted to everyone. Before making a decision, Vivus checks the customer’s credit history in BIK, BIG and KRD, ERIF registers.
If we decide to build history in Vivus, the maximum loan amount will increase with the second loan to PLN 2,600, borrowing for the third time maximum we can apply for PLN 3000, while for the fourth loan we can apply up to PLN 3,500, with the fifth loan we can apply for the maximum amount that is a loan in the amount of PLN 7,500.
Invite friends to Vivus
You can earn money with Vivus by inviting you to borrow friends. All you have to do is tell your friends about Vivus.pl (we must first get the consent of friends to send an invitation) enter e-mail addresses or phone numbers of friends who we recommend a loan at Vivus.pl and receive 30 PLN for each friend who will take a loan at Vivus. Inviting 5 friends who will take a loan at Vivus.pl, we will receive up to PLN 150 on our bank account.
Regular customers of vivus
We already know that the first loan is free, and what are the costs of subsequent loans? Regular customers deciding for a loan of PLN 500 after 30 days will have to pay PLN 578.5. Another loan in the amount of PLN 1000 means the necessity of giving PLN 1157. When renting PLN 2,500, we will give PLN 1851.3. The cost of a loan in the amount of PLN 2,000 is PLN 314. Borrowing the maximum amount of PLN 4,000 after 30 days we will have to pay 4628,1 PLN.
To get a loan at Vivus, you must be a citizen of the Republic of Poland with a place of residence in Poland, have full legal capacity, be between 20 and 78 years of age, have an active Customer Profile on the Vivus.pl website and get a positive credit rating.
VIVUS – the inference process
The film created by Nick Carter shows how easy it is to get a loan online.
On the Vivus.pl website, we indicate what amount we want to borrow and for how long, then we fill in the form, we will need an ID card (its number and series), telephone number and e-mail address. We accept the regulations and choose our bank from the list, after filling in the form we wait for a text message with the bank account number to which we transfer 1 penny. The decision on granting the loan is sent by SMS and to the e-mail address provided. The money will be transferred within a few minutes to the account from which 1 grosz was previously transferred. It is worth noting that in the loan for evidence in Vivus, you do not need to submit many documents.
|500 PLN||1000 PLN||PLN 1600||PLN 2,000||3000 PLN||PLN 4000|
|7 days||PLN 49||PLN 98||156.8 PLN||PLN 196||PLN 294||PLN 392|
|14 days||PLN 63||PLN 126||201.6 PLN||PLN 252||PLN 378||PLN 504|
|30 days||95 PLN||PLN 190||PLN 304||380 PLN||PLN 570||PLN 760|
In the case of problems with repayment, the Vivus loan gives us the opportunity to extend the repayment date. The repayment period may be extended by 7, 14 or 30 days, however, the service costs, and the price depends on the amount of the loan we have borrowed and the extension period.
If we decide on the first free loan in the maximum amount of PLN 3,000, but we will have a leg and we will have to extend the loan for an additional 7 days, we will pay PLN 174.4 for it, if we need an additional two weeks it will cost PLN 222.4 . If we need an additional 30 days to pay the commitment, we will pay as much as PLN 251.2.
When we decide on a loan of a maximum of PLN 4,000 (we can apply for it only at the fifth loan) and we will be forced to extend its repayment period for a week, we will pay PLN 436 for it, two additional weeks for repayment of the liability cost PLN 556, while for an additional 30 days we will pay PLN 628.
Additional fees and penalties for delay
If the loan is not repaid on time, Vivus will start charging interest equal to twice the statutory interest rate for delay (statutory interest for the delay is the sum of the reference rate of the National Bank of Poland and 5.5 percentage points) and will initiate debt collection activities.