Cash loans are basic products offered on a thriving financial market. These types of loans are subject to very specific requirements for borrowers by lenders. The most important criterion is the assessment of financial standing, i.e. estimating whether a person or a company taking out a loan will be able to pay its debt. The only current ranking of ready loans – website address and choose the best loan available on the market.
For natural persons
Cash loans for natural persons are granted when two branches of the future borrower’s identity documents and income information are presented to the bank branch. Of course, the amount of monthly salary must be high enough for the contractor to be able to pay the installments. Currently, there is a departure from forms regarding the amount of income, because it was not difficult to forge such a document or to show higher earnings. Banks increasingly require a copy of the employment contract and the original for inspection. It is obvious that the borrower can be an adult and any adult who is not legally incapacitated.
The financial market also provides for cash loans for pensioners, because the benefits they receive are treated as income, e.g. under an employment contract. However, due to the age of the pensioner and low income, loans for older people usually do not relate to high amounts or a long loan period.
Cash loans for companies are granted on similar terms as loans for individuals. The entrepreneur must also prove his identity, show all sources of income. Some banks require a document from the Social Insurance Institution (ZUS) and the Tax Office about not being in default of paying contributions and taxes due by the company. In some cases, however, all you need is your bank account history, which shows the financial report on your company’s account from a given period of time.
During a visit to the bank, the customer is initially informed about the maximum possible loan amount and about the fees associated with opening the loan. Here, the most important are fees related to credit insurance as well as bank commission. Currently, banks are outdoing one another in offers that are attractive due to the quick time to complete the loan procedure.