Cash loans have been getting easier lately. At low amounts, you do not need income certificates, an employment contract or a girrant or guarantor.
You don’t even need to be at the bank because you can get a loan online.
However, the bank usually examines the creditworthiness of its clients and whether it has any liabilities in other banks. However, if the loan amounts are extremely low, it turns out that 15 minutes is enough and the bank decides not to check the client’s abilities. This means that the loan can be taken even by people who did not have such a possibility a few years ago, check the best offers and see that it is not difficult to get a good loan.
One of the people who can apply for a loan is senior citizens. They usually need to provide a certificate of retirement and information on the amount of these contributions. The bank is most interested in the regularity of inflows to the client’s account, not their source.
The minimum required income to be able to apply for a loan is PLN 550.
Of course, an ID card is a necessary document if you get a loan from a bank. What recently boasted about bank ads, a retired person can also take out loans online. Then the formalities do not take so much time, but there are more restrictions on the amount of the loan and its repayment time. A pensioner may also be limited in age. Even high income may not affect the bank’s decision, because the loan is granted only to persons under 85 years of age. The older the person, the less reliable the bank is because it creates the risk that it will not repay the entire debt. To facilitate the pensioner can use the help of a girrant, who will guarantee the repayment of the loan in the event of financial problems of the borrower, but even a resident will not change the bank’s decision if the borrower exceeds the age of 85 years.
Since the bank is not interested in the source of income, students can also get credit cards and cash loans – often called credit without certificates.
Money sent by parents, scholarships obtained at the university and irregular salaries in odd jobs become a guarantee for the bank that the student will pay off the debt. In the case of a credit card, a bank employee may also ask about the average rating obtained.
In the case of students and retirees, the conditions for taking out a loan look similar and should look at similar things. You should read the contract carefully to see if the interest rate will change over time or whether the commission amount will make the loan too expensive for you.