What are long-term loans?
Online loans are gaining more and more recognition among consumers. No wonder that new offers appear on the market every day that guarantee us quick access to the money we need. Initially, most offers concerned payday loans, i.e. short-term liabilities.
However, now we can easily find various proposals for financial support with a long loan period. Thanks to them, we receive the possibility of repayment in installments according to a pre-set schedule. That is why these types of products are interchangeably called installment loans.
Unlike payday loans, the loan period in this case is much more than 30 days. Depending on the company we have chosen, we can apply for the repayment even to 60 monthly installments. However, interest, commission and other fees should be added to the final repayment costs. We should also remember about the relationship that the longer the loan period, the higher the costs.
Long-term loans without certificates – conditions
Before applying for financial support, it’s worth looking at your credit history. Each lender checks their clients in databases, and the verification result for most of them is the deciding factor in granting a loan. The databases used by the loan companies.
It is worth noting, however, that some lenders turn a blind eye to certain situations, as described in detail below. In the case of long-term liabilities, it is beneficial to have a stable source of income, i.e. a contract of employment or business profits. However, most lenders offer installment loans without certification. This means that we do not have to confirm our income with additional documents. In addition, the source of income in the form of a mandate contract or a specific task contract is not a problem. It is also worth mentioning once again that the applications are filled out on the website of the selected company, which guarantees the possibility of applying anywhere, anytime.
To be able to apply for a loan, you must also meet the appropriate age criteria set by each creditor individually. The basis for receiving the necessary funds is also having Polish citizenship and permanent residence in our country. This information will be confirmed by a valid ID card. If the company provides the requested amounts in the form of a transfer, we must remember about an active bank account, which will also be used for identity verification purposes. You’ll also need to provide contact details, such as a phone number and email address.
Online loans provide us with all formalities without leaving home. 24/7 access to application forms allows us to send an application at any place and time. How to do it? If you have already chosen the offer you are interested in, just go to the lender’s website and then use the sliders to specify the loan amount and loan period you are interested in.
After reviewing the commitment costs, we can proceed to completing the form. For this purpose, we will need personal, contact and address details as well as information on expenses and income. When we provide all necessary information and consents, we can proceed to the last stage, which is identity verification
After successfully passing through the identification stage, it is the turn of the lender, who will analyze our application and credit history, and then within a few minutes will issue a decision to accept or reject our application. In the case of a positive decision, we can count on the payment of money within a maximum of 24 hours.
How do long-term loans without certification work?
Among the available offers we can find different variants of installment commitments. For example, long-term loans without certification. Companies offering their services online emphasize that the most important for them is the customer. That is why they try to make their products available to anyone interested. They are also characterized by limiting all formalities to a minimum, which allows to reduce the time of application, but also affects the greater granting of loans. Loan companies that offer loans without certification protect themselves differently.
Some of them consider the result of verification of credit history in the debtors’ databases as the main criterion when making decisions. This means that in such a situation the application of a person who has negative entries in Intrasavings Bank, BIG, KRD, etc. will not be accepted. Lenders will also require us to go through the verification process mentioned above. If we decide to use the Instantor verification application, the lender will also be able to make an initial assessment of our creditworthiness based on the data received.
Long-term non-bank loans – what income is recognized?
Some lenders may require you to confirm your income, but a contract of employment will not be required everywhere. At some stage of filling out the application, we will be asked to provide the amount of earnings and their source. Depending on the company we use, the following will be accepted: employment contract, commission contract, own business, contract for work, disability pension, retirement pension, alimony. Lenders are also increasingly asking for bank statements. However, we can meet such a request when we use a different verification method than the Instantor or Kontomatik application.
Are long-term loans without Intrasavings Bank possible?
Financial support, called a long-term loan without Intrasavings Bank, is also very popular. It is an alternative for people who do not meet banking requirements, but at the same time they want a larger amount of liabilities and spreading them into installments. Let’s start by reminding what the Intrasavings Bank database is. The Credit Information Bureau collects information about our current and past loans and credits, which it provides to both banking and non-banking institutions. There you can find entries about timely repayments, but also information about delays in the refund. The data is stored for 5 years, so remember to pay the installments according to the schedule. Based on the Intrasavings Bank rating, the lender can obtain information about our creditworthiness.
Each loan company verifies our data in the Intrasavings Bank database. However, some emphasize that its result does not prejudge the decision. Even people with a negative credit history can receive financial support. In such situations, a loan is usually supported by a documented, stable source of income. For example, if the applicant was late in paying the debt, his salary will be proof of income, which determines financial liquidity.
Long-term loans for debtors – offers
KonkretnaKasa is one of the companies that enables people with negative Intrasavings Bank entries and the unemployed to obtain financial support. Its offer includes amounts from USD 2,500 to 25,000 with repayment in 12, 24, 36, 48 or 60 monthly installments. It also guarantees quick payouts, no hidden costs and data protection. The applicant should be a Polish citizen between 18 and 75 years old, living in Poland.
The condition for obtaining a loan by the indebted is having a guarantor, i.e. a guarantor, who in case of problems with repayment will take over our liability. It can be any Polish citizen who is between 25 and 75 years old and has good creditworthiness.
Provident offers long-term loans without certificates from USD 300 to USD 20,000 with repayment within 3 to 48 months. The entire application procedure takes place online. The lender does not ask us about the purpose for which we will allocate the received funds. The company analyzes each application individually, which is why even people with negative entries in Intrasavings Bank can get a loan if they have the appropriate funds.