Do you work abroad and want to borrow in Poland? read.

Economic emigration is now a very common phenomenon, also in Poland. Many of our countrymen work outside the country, earning much better than in their homeland. Do such people have a chance to receive a cash loan in Poland?

Complications with good credit standing

It would seem that better earnings of Poles abroad translate into their greater creditworthiness, and thus give them the opportunity to take even a substantial loan without any problems. While some time ago Porya financial institutions, including loan companies, were favorable to clients living and earning abroad, now the situation has changed somewhat.

The so-called so-called Porya Financial Supervision Authority (KNF) is of great importance here . Recommendation S , whose main assumption is the principle that the loan is to be granted in the currency in which the borrower earns. Such records have undoubtedly become an obstacle for those who work and earn in another country, but still associate their future with Poland and often return here. For them, credit or loan procedures have become much more complicated.

Non-bank and bank loans only with registration

A bank loan or payday loan in a non-bank company requires the consumer to have a permanent registered address in Poland. Most often, consumers working abroad have such a check-in, but due to logistical problems they are rarely at the address indicated. Sometimes it may happen that the loan company or other financial institution will require signing the necessary documents provided by the courier. Unfortunately, in this situation it will not be possible, because the authorized person will not be there.

Exchange offices and two accounts

When applying for a foreign currency loan, the consumer will have to pay the installments in PLN. However, there is a way out of this situation. For example, you can use the widely available online currency exchange offices, which allow you to quickly and easily exchange currency without visiting a traditional stationary currency exchange . To take advantage of this opportunity, the consumer must have two bank accounts, one in currency, and the other in zlotys, from which he will repay the installments of the financial commitment incurred in Poland.

While the provisions introduced by the PFSA for people working and earning outside Poland somewhat complicate the possibility of taking a loan or a loan in their homeland, it is not completely impossible. People using commercial bank services will surely face great difficulty, except for foreign currency loans. However, in the case of consumer loans, they are more easily available, but it is worth checking the terms of such a loan in a specific loan company.

Credit Fast and Easy

 

There are situations where you need credit, fast and easy, without paperwork. In a financial emergency, when unexpected costs come to you and savings are used up, you can not deal with lengthy comparisons of various offers, but above all you need one thing: money, and maybe even the same day. But this situation is exploited by banks and credit intermediaries to impose high interest rates. With a little preparation, you might get cheaper and still quickly get the money you need.

Saving is the best solution

Saving is the best solution

Two or three monthly salaries for emergencies on the high ridge, that may be difficult, but with a little patience and discipline, you can give yourself the reassuring feeling of not slipping into a financial slump with every nasty surprise. The second best solution is the Dispo, which is the overdraft facility on the current account. This loan is quick and easy to have because you do not have to ask anyone extra. The bank tolerates you going down with your account. However, you should beware, of course, to include the Dispo in your financial planning. There are two reasons for this: Firstly, if you pay for regular consumer spending from the Dispo, it is not or at least not available to you in full if unexpected costs are incurred. And secondly, the collection is pretty much the most expensive way to borrow money. Interest rates of 10% are quite common.

Really fast, it is only on the Internet

Really fast, it is only on the Internet

Good advice on savings and dispensers is of no use if you simply need fast money in an emergency. Through direct banks and specialized intermediaries, you can find credit quickly and easily on the Internet. You may provide some personal and financial information, may upload some scanned or photographed documents, and the online exam may be completed in no time. In the case of a positive decision, the payment is initiated immediately, and the networking of the banks allows a credit even on the same day. You do not even have to leave the house for that.

Installment loans are significantly cheaper

Installment loans are significantly cheaper

An installment loan is not quite as fast as the use of the Dispos and the Internet credit, but if the bank knows you and your financial circumstances, you face also no weeks of paperwork. A very sensible option for the installment loan is the rescheduling. If you have exhausted the system and imposed other small loans with high interest rates under time pressure, the installment loan offers a good way to reduce the interest burden and to bring order into your payment obligations. By extending the term, the rates can be designed so that they are affordable from current income without too much pull-ups and new unplanned expenses do not bring you right back to the brink of financial disaster.

Credit with 500 USD income

It is looking for an instant loan with low income. Nevertheless, low-income credit offers are hard to find. The article summarizes the fast loan solutions and whether there is also an instant loan with an income of only 500 USD. The average injection amount is between 500 and 1500 USD. The installment loans are possible as department store loans with low income.

Instant loans with low income

Instant loans with low income

A low-income instant loan is requested. Nevertheless, low-income loans are difficult to obtain. The article summarizes the fast loan solution and whether there is also an instant loan with an income of only 500 USD. Immediate lending with low income can not be ruled out with normal lenders. The granting of credit depends on how the term “low income” is implied.

Anyone who earns a net income of only 925 USD as a single person is officially considered to be threatened by poverty. It is extremely difficult for this group of people to find a solution for a quick installment loan from a bank. A micro-loan would only be able to be authorized if the granting of the loan were secured by further security. An immediate granting of credit in the strict sense would not be the granting of loans with security or by a guarantor.

 An instant loan can only be considered serious if one’s own creditworthiness alone is sufficient for granting the small loan. This applies only when attachable income can be used to secure the loan. From a net profit of about 1100 USD net (once) a regular immediate loan can be granted. In such a difficult income situation, a credit obstacle could already be a mobile phone contract or even a contribution to a gym.

A low-income instant loan is advertised specifically by credit brokers. The loan can not be maintained in every way with a normal instant loan. Special offers for debtors “where there is nothing to get” represent an increased security risk for each credit institution. By providing additional security, the risk of acceptance of a low-income borrower can be reduced.

Instant loan with a net income of 500 USD 

Instant loan with a net income of 500 USD 

The only option without additional credit protection from a guarantor or competitor is to take a risk premium on the additional payable rate. However, in return for a slightly higher rate of interest, the amount of income required to lend may decline. A low-income instant loan up to an income just above the lien can be approved.

Another positive aspect is that not only the income subject to social security contributions is measured. Also, a fixed income from a part-time job can be considered. Instant loan with a net income of 500 USD – approved? And not every request for low-income loans is linked to the prospect of high lending. Especially for people who only have a low income, a small quick loan assistance can be important.

Net income of at least 500 USD

Net income of at least 500 USD

In most cases, small loan advancement could balance out the following month. Just in time for this search for a low-income instant loan is Volcash’s loan offer. It addresses those who have a net income of at least 500 USD. Due to the low loan volume and the short repayment period, a different credit rating is possible than just the Credit bureau values.

For the first application, the small loan can cover a loan volume of 100 to 500 USD. For later loan applications, it is possible to extend the loan amount to up to USD 1,000. The low-income instant loan through the company is a real flash loan. For the first registration, the payment for a new loan application can be made within 30 min. be ordered.