Obtaining additional funds for any purpose can be quite a challenge – especially if we want to take out a loan at a bank that involves various types of requirements. Fortunately, financial institutions meet our expectations by offering a loan for a statement.
What is a loan for a statement?
A loan for a statement is a form of cash loan that can be obtained without the need to submit any additional certificates. In theory, to obtain a loan of this kind, it is necessary to submit a statement about earnings, but in practice, banks verify the creditworthiness and credibility anyway. The verification process of the borrower does not last long, therefore the decision on granting the loan or rejecting the application is made quickly and efficiently.
What are the conditions for obtaining a loan for a statement?
To obtain a loan for a statement, the borrower submits a statement of earnings to the bank. On the other hand, the Bank may require additional conditions, such as:
- the need to keep an account in a given bank and to supply this account with monthly payments to which the bank institution has access, and also has the opportunity to determine where the funds come from.
- the requirement to provide documents that confirm the employment of a borrower with a particular employer – documents such as a contract of employment, contract of mandate or a contract for specific work will be appropriate.
When deciding on a loan for a statement, a higher interest rate should be expected, which results from the greater credit risk associated with this form of financing.
Who can take a loan for a statement?
The credit for the statement can basically be taken by anyone who has the appropriate creditworthiness, i.e. the ability to repay the loan within the period specified in the contract. The second no less important factor is creditworthiness, or a positive history of repayment of previously incurred liabilities. The bank verifies whether repayments were settled in a timely manner and whether there is any amount of debt on the debtor’s account as at the control date.
In which banks we will find a loan for a statement
On the banking market you can currently find interesting credit options for a statement. Below 3 example offers: Spring loan – Alior Bank A loan for a maximum loan period of 48 months. Interest rate 9.99%, bank commission: 0.00%, 0.00 PLN, APRC: 17.74%. The minimum loan amount is PLN 1,000.00, and the maximum amount – PLN 200,000.00. The bank enables faster repayment and the loan is offered only to the bank’s clients. Loan – Eurobank Loan for a statement for a maximum loan period of 84 months. Interest rate 1.38%, bank commission 18.00%, PLN 540.00, APRC: 19.64%. The minimum loan amount is PLN 1,000.00, and the maximum amount – PLN 20,000.00. The bank enables faster repayment and the offer covers only the bank’s clients. Fixed interest rate. Tailored loan – Raiffeisen Polbank A loan for a maximum loan term of 120 months. Interest rate 4.99%, bank commission 15.00%, PLN 450.00, APRC: 15.62%. The minimum loan amount is PLN 1,000.00, and the maximum amount is PLN 150,000.00. The bank enables faster repayment and the offer covers only the bank’s clients. Loan offer for a statement up to PLN 4,000.00, above this amount – a required statement of earnings.
It is impossible to hide, loans for the statement is an extremely attractive option for everyone. No need to provide various certificates significantly shortens the entire application procedure, so that money can be earned really fast. It must be remembered, however, that the reduction of formalities to a minimum has its price. This will not always be the cheapest solution possible. Loan for the statement. What is that? 5 (100%) 1 vote