Comparison of Cash Loans – Online consolidation

Comparison of cash loans March 2018

Banks offer more and more attractive loans that can be obtained many times without leaving home by completing an online application. High loan amounts and appropriately long repayment periods attract Poles. However, they should take into account the fact that in the case of an increase in interest rates they can get their pockets neatly. That’s why we’ve done a research on the amount of cash loan installments offered by the best-known banks. Thanks to this, we can compare, just like the ranking of loans, which loan is profitable and which financial commitment will cost us the most.

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Comparison of cash loans of the largest commercial banks

Endup Bank
He offers loans in the amount of PLN 1,000 to PLN 160,000 for up to 8 years. People with a bank account can complete all formalities online without leaving their home. Accepted sources of income to a contract of employment, a cannon as well as rent, retirement and business activity. The loan can be insured voluntarily.

Bank Millennial
It offers loans from 1,000 to 150,000 PLN for 6 to 108 months. Applying for a loan takes place quickly and an initial decision can be obtained by phone during the first conversation with the client’s adviser. You can also choose a loan option without paying a commission.

The bank has to offer customers cash loans from PLN 500 to 150,000 for 3 to 96 months. The cash can be used for any purpose and the client does not pay any additional fees when changing the terms of the loan agreement. The borrower has the option of extending the repayment period or settling his obligations earlier.

It provides cash loans for a period of 3 to 108 months in amounts from 500 to 120,000 PLN. Persons who have accounts in the bank and regularly receive payment of remuneration or pension / retirement benefits on them can obtain a 1.5 percentage point interest rate discount. An earlier return of the loan does not entail any additional payment.

TRi Bank
It gives you the opportunity to get a loan from 1,000 to 120,000 PLN for a period of 1 to 96 months. Only personal account statements certifying the amount of income received each month are sufficient for stipulating a financial commitment. A voluntary loan insurance package is available for purchase.

Bank Flack
Provides express loans with the chance of obtaining a reduced commission. The maximum loan amount is PLN 200,000 and the repayment period is from 12 to 96 months. The bank also offers the opportunity to postpone the repayment of three loan installments, i.e. using the so-called credit holidays.

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Comparison of cash loans – March 2018 (without insurance)

Bank Maximum amount [PLN] and repayment period [months] APY [%] for a representative example The amount of the monthly installment [PLN] for 50,000 for 84  months
Endup Bank 160,000/96 8.59 833.59
Flaack 200,000/96 12.90 842
sBank 150,000/96 12.58 880
Jabank 120,000/96 25.51 894.56
Bank Millennial 150,000/108 15.30 946
TRi Bank 120,000/96 3.46 954

A consolidation loan at the Stancop cash desk A consolidation loan for indebted debts?