The financial product used to overcome the acute financial crisis is therefore a short-term non-bank loan. This is definitely not a solution that should be used every month. In principle, it is understandable that this is an emergency brake in those extreme cases, everything must be thought out beforehand, and the applicant must well measure how and when the money actually returns to the last cents. If other options have failed, there is a rescue in great need, a non-bank loan is discussed almost immediately.
High interest is the tax rate
The fear of lowering the creditworthiness of customers is understandable, of course, but non-bank lenders are raising total interest rates against something like this. Another safeguard is the early repayment penalties, which sometimes reach very high levels. However, if customers calculate on time, they will gain interesting benefits for the future. This does not change the fact that interest on non-bank loans is for many obvious reasons higher than interest on banks.
Of course, responsibility must come first. The applicant should carefully consider whether it actually needs a loan. And second-ideal too well to choose, the more potential providers of these small loans are in our market a few dozen, and by far not every course comes with a very bargain offer.
How to choose a good provider?
When choosing the ideal company to work with, it’s similar to looking for a handy craftsman for bathroom renovation. Good links are here, but you also need to carefully consider the price. Hidden charges? Will the craftsman ultimately speak more than he originally promised? In such cases, it is up to you to come back and ask for help. And the same is true in the world of non-bank loans…
It is also necessary to take into account history, shaking newcomer should not play any role in the plans of the responsible debtor. On the contrary, a company that operates authentic-so has a stable Czech financial background and a home address, and this is generally well known – it’s something completely different. This is where it is worth putting your trust, without worrying, of course.
What really needs to be considered?
If you plan to issue a loan that you will not regret later, then you need to think carefully about everything. And ideally consider some facts. Of course, this is not the best advertising slogan and so on. These are basically words from the numbers they solve. Interest, April, any margins, price list of sanctions for non-compliance with the repayment plan and more.
Interest. But that’s not all-you have to rely on all charges. This includes only ATP (ie annual percentage of costs).
Is the contract really short and very clear? Does he have footnotes that radically change the situation after reading?
Do you get benefits for early payment? And is it possible to extend the whole loan up to a month for a modest fee? You have to think of everything.
The market is changing literally every day, so if you got stuck last year, the conditions may be quite different. Loyalty, on the other hand, is valued. Therefore, if you borrow from a non-banking company where you have already arranged a loan, the terms may be more interesting than the first time. In any case, today’s non-bank loans are only a matter of minutes, and their settlement is almost a turnaround. That is why you should spend more time thinking about them much more thoroughly. The one that has the greatest space in TV commercials or excels in the original color matching on its official website does not necessarily have to be the best on the market, which is perhaps quite clear to everyone…