In the past few years, the internet has become an inseparable part of our everyday life. Thanks to it, we can do shopping without leaving home, paying bills or even filing a tax return. Non-banking loan companies also belong to the group of institutions providing their online services.
The development of modern technologies brings many benefits. Undoubtedly one of them is fast and universal access to information and services that previously required us not only to devote our free time, but also to get through many formal procedures. Non-banking loan companies also joined the group of online institutions.
Certainly, many of us remember when their activities were limited to domestic service or sales in a few stationary outlets. With time and changes introduced in the law, they were transferred to the Internet. This resulted not only in the expansion of the target group, but also the emergence of new service providers.
The effect of these activities is the diversity of the offer available today and the opportunity to receive the necessary money even within 15 minutes.
However, the popularity of non – bank loans was also associated with negative consequences, which included, among others, the emergence of companies operating in a manner that was not in accordance with the principles of ethics and responsible lending. Fortunately, the introduction of the anti-usury law amendment (Journal of Laws 2011 No. 126 item 715, as amended) allowed not only to eliminate dishonest entities, but also to legally regulate the activities of those present.
The main objective of the new provisions was to reduce non-interest costs, i.e. related to insurance, commission, preparation fee or still active home service.
As a result, they can not exceed 25% of the total commitment amount and 30% of the borrowed amount per year. In addition, in the case of long-term loans, an additional restriction has been introduced which guarantees that the costs will not exceed the amount of financial support received.
An important information is also the limit related to late payment fees. They can not exceed the maximum interest for delay specified in the Civil Code, that is twice the statutory rate, i.e. 14%.
How to choose a loan via the Internet?
Why did we mention the anti-usury law? This is the basic document that regulates the activity of loan companies. Therefore, when applying for a loan online, we should be aware of the rights that both us and the lender and restrictions are entitled to. If we are looking for financial help on our own, it will allow us to eliminate institutions that conduct unfair practices.
Remember that according to the provisions of the Act on consumer credit, each lender is obliged to provide clients with information on the amount of the APRC, ie the annual percentage rate of charge, the framework contract and a representative example of a loan. However, in view of the above information, first and foremost, we should be guided by our financial capabilities and needs. It is important that we can pay off the liability after the lending period.
For this purpose, it will be necessary to analyze your household budget and determine the amount that you can spend every month without any problems on settling your debt.
A longer repayment date is associated with higher costs. Even so, when our finances do not allow you to take advantage of a shorter loan period, it is better to accept the terms available than to worry about the growing interest for delay later.
If the chosen company does not meet our expectations in the end, it is worth using the comparison engines that guarantee us access to many offers in one place. Thanks to this, we will get access to the opinions of specialists and existing borrowers, as well as save time.
What conditions should be met?
Loan companies limit all formalities to a minimum, which allows us to submit an application even in a few minutes. In addition, the conditions set for borrowers are easier to meet than those applicable in banking institutions.
The applicant should have first of all citizenship of the Republic of Poland, which will be confirmed by a valid ID card, place of residence in the country and full legal capacity. Additionally, it will be necessary to have your own bank account, phone number and e-mail address.
We also need to earn income that allows you to pay your debt without any problems. Remember that in many cases, the final decision depends on a positive credit rating. Why have not we mentioned the age of the borrower before? In this matter, everything depends on the lender.
Of course, each applicant should be 18 years old, but detailed guidelines are subject to internal arrangements. That is why both offers that assume the necessity of reaching the age of majority and those requiring the client to finish, for example, 20 years are made available.
How to get a loan online?
The transfer of loan companies from stationary outlets to websites enabled us to access forms on a 24-hour basis. Thanks to this, we do not have to worry about having to ask the boss for a vacation in order to complete the formalities or gather the necessary documentation.
To complete the application, we need: a device connected to the network (telephone, tablet, laptop), a valid ID card, a bank account number and basic information about your financial situation. If we are sure that we have all the necessary data, we can go to submit an application.
The first step will be to go to the website of the lender and determine with the help of sliders or a drop-down list of the amount and credit period of interest to us. Then, read the repayment costs.
If everything is correct, click ‘Submit application’. At this point, we start filling out the form. We will need: personal, contact, address, financial and bank account details. When we make sure that all information is correct, we can approve the application and proceed with identity verification.
This usually happens as a result of the implementation of a micro-shot, telephone conversation or through a special application. It is also worth getting ready for a possible request to provide bank statements. After completing this stage, we only have to wait for the decision of the lender.
Online loan payment
Most lenders inform that the payment of the requested funds will take place almost immediately after receiving the credit decision. However, the date by which they will be credited to our account depends on the elixir session in force at the bank outlet and the method of their delivery.
Depending on the decision of the lender, we can use a traditional transfer, pay by check or express transfer systems.
If you want a quick and reliable online loan, check out Aasa’s offer. When submitting the application, you decide how you want to receive the allocated funds.