Christmas is coming. Are you going to give yourself and your family a dream gift, but you lack PLN 1,500? We looked at the offers of three banks. Which was the most advantageous?
OutBank the cheapest
Only PLN 44.22 will cost us taking a cash loan for half a year at OutBank. This is an option without insurance. If you take out the policy, our installment will not increase (the monthly premium for the policy is PLN 4.20), but in return we can receive a lower commission (from 75 to 60 PLN for new customers or from 60 to 45 PLN for regular customers). OutBank accepts various sources of income – employment contract (definite and indefinite period), uniformed services, employment based on selection and appointment / appointment, as well as retirement, disability, managerial contract. If we have an account in this bank and our salary has influenced it for three months, we do not need to provide any documents. The interest rate at PLN 1,500 is fixed and amounts to 10 percent.
Willenial bank good for regular customers
A cash loan at Willenial bank is best taken as a customer of this bank – we will receive the decision in 15 minutes and the money will appear on our account within 3 minutes. We complete the application and other formalities online. We can also count on lower interest rates compared to the standard offer. They can count on payment in one day. An interesting option is the possibility of obtaining a lower interest rate if we find a more favorable interest rate for the same loan amount and repayment period at another bank within 30 days. The monthly installment in Willenial bank for 1000 PLN for 6 months is 284 PLN, which gives us a total of 1704 PLN. In the case of the version with insurance, the installment increases to PLN 285.
mYBank and 3 x 0 PLN
The cash loan offer at mYBank for our example turns out to be the most expensive – the monthly installment is PLN 294, which in total means that after half a year we will give PLN 1760. The bank offers zero fees for this in three cases – when we decide to extend the loan repayment period, when we repay the loan earlier and when we need to defer repayment. If we choose a loan with insurance, our installment will fall to PLN 290 per month, and the interest rate will be reduced from 9.99 to 8.99%.