Bank note loan is a new loan offer operating on the principle of a flexible loan line under which we can get up to PLN 5,000 with a contract signed for a period of 12 months.

On the non-bank loan market, a new brand of Bank notes appeared, which is a registered brand. The company also seems new because earlier I have not heard of any other brand that would work under their wings. Bank note A loan is not a typical non-bank loan but a loan renewable line under which we can borrow up to PLN 5,000.

 

Do you remember Bank, which not too long ago also offered services in our country?

Do you remember Bank, which not too long ago also offered services in our country?

 

This brand does not work in Poland anymore because it finally returned to providing services in its native country from which it comes . Why do I mention them? Because the Loan Bank has a very similar service to that which was in the Bank offer, namely a revolving loan.

Such a loan works slightly differently from a traditional cash loan. Of course, we also receive cash into a bank account, but we do not pay monthly installments as in the case of loans or cash loans. In the case of a revolving loan, we decide ourselves what amount we will pay for a given month, we can also repay the entire amount borrowed at any time, e.g. much faster than before the repayment period. Thus, it works in the same way as in the case of repaying the debt on the credit card. If you have it, the rules should be clear to you ?

 

A renewable loan agreement is signed for a period of 12 months

A renewable loan agreement is signed for a period of 12 months

When applying for a loan, we can apply for any amount in the range from 500 PLN to 5000 PLN. However, what amount we can get depends on the credit history we have and the financial situation we are in at the moment. Therefore, it may happen that companies will reject our loan application if, for example, we ask for PLN 5000, but in this case, we may offer a lower amount of the loan.

It should also be mentioned that when we receive a loan line in the Loan Bank, we will only pay for the funds used and not for the amount we will be awarded. In simple words – we will pay the cost of actually used money. During the entire 12-month contract, the amount granted to us may also be increased, provided that we pay our liabilities on time.

 

Who has the chance of getting a loan in a Loan Bank note?

Who has the chance of getting a loan in a Loan Bank note?

They can be people who are 21 years old and are not older than 70 years old, have a check-in in Poland, a bank account and what may be quite important – we do not have arrears in BIK and BIG databases. The company verifies not only the borrower’s data in terms of debtors’ databases, but also checks the base of the Credit Information Bureau.