Most often long-term Fare those that we take out for a period of 6 months to 10 years. They are currently available not only at banks, but also by more and more non-bank payday loan companies. We can also take them without the need to provide a number of certificates – completely online!
A long-term payday loan is a good choice when we need additional funds to cover our expenses in a larger sum. Long-term payday loans are, in most cases, installment payday loans, which consist in spreading the liability into a specified number of installments. Then we are able to deal with payment more easily.
When is it worth taking a long-term payday loan? Everything depends on our needs. As payday loans can be used for any purpose, we do not have to provide the lender with any information about what we want to buy. We can therefore use funds for shopping, for example, household appliances and electronics, a computer, we can finance a holiday or holiday trip, spend money in a private medical office or cover other obligations.
Who can count on a long-term payday loan?
To receive a long-term payday loan without certification, we must meet the basic requirements of the lender. Currently, both banks and non-bank payday loan companies have similar requirements with few exceptions. Usually, we can borrow up to 10,000 – 15000 PLN without the need to provide additional documents.
The basis is a valid ID card and Polish citizenship. Most often, a permanent residence address is required in Poland. We will also need creditworthiness to pay the payday loan, i.e. adequate income to allow us to repay the debt. The more we earn, the more we can get a payday loan. However, if we do not need a very high amount, then we do not have to provide any documents confirming our earnings – then we only fill out the payday loan application. In the document, we enter information about how much we earn and from what title, as well as what expenses we have, which is why we do not have to submit a certificate on the amount of earnings.
In addition, it is very important to have a positive credit history in databases. If in the past we have already taken a payday loan or payday loan and we have paid it off without any problems, then we have built a positive credit history in the above-mentioned databases. It testifies to us as a reliable, trustworthy customer. However, if we had a delay in repayment of more than a month, then such information was also included in the databases. Then we can receive a refusal because we are also a risk for a potential lender.