A good financial advisor and loan broker valued on the labor market

The economy in Poland is getting better every year. This carries the riches of society. Year after year, more cash flows into our wallets. Getting rich is also more likely to spend and take loans. However, it is worth getting into debt wisely.

Wisely means with a plan and future perspective and not blind consumerism. Specialists such as a financial advisor or credit intermediary come to help in this activity.

Bank credit advisor

Bank credit advisor

You do not need to have a specialized education to work as a bank credit advisor. In most banks, a 2-3 week job preparation course is sufficient. As a rule, higher education is required although this is not the rule. Therefore, when we apply for a loan and go to the bank, we don’t know who we will find there.

Or not, for example, an employee who is still learning the profession. Is such a person reliable to help us with financing for the development of the company even for USD 600,000 spread over 10 years? Of course, we do not assume that everyone in banks is green, but it is worth choosing experienced bank advisers.

Self-employed credit broker

A person who deals with credit brokerage also doesn’t need to have relevant experience. The only thing that must be entered into the register of credit intermediaries kept by the GFIC. That is why it is worth choosing experienced credit brokerage offices in order not to find someone who may lack knowledge. Good Finance will undoubtedly be a recommended credit brokerage company in Poland.

Credit broker and credit counselor as they must be


Patience and friendly contact with clients are probably the 2 most important attributes of a specialist in credit. Of course, the element of knowledge and experience is obvious, without it you cannot be a good and reliable specialist in the field of obtaining loans.

The credit intermediary must have information about the current bank offers. These change every 2-3 cities and with a dozen or so banks it is a real feat to keep up with them.

Credit broker experience


As mentioned above, the consultant’s experience is an extremely important element. If experience is combined with logical thinking skills and factor analysis, we are talking about a competent advisor.

Credit intermediary sales skills


The approach to the sales competence of credit intermediaries is different. Some companies are sure to maximize sales and will pay attention to them. Companies with a reputation on the market such as Good Finance will not pay attention to this.

More important than whether the broker will squeeze the loan to the client will be how he approaches him or whether he correctly diagnoses the client’s needs. Selling loans that will not be beneficial to the customer will not be a reason to be proud.

Loan for renovation -Housing loan

It doesn’t matter whether it’s your own home or a rental property. Every property is getting old at some point and requires a refresher in various areas. As long as it is all about renovation and not renovation, the costs and effort associated with the work are still reasonably limited.

In spite of all this, financial spheres can also be reached when renovating, which many consumers had never imagined and therefore cannot raise the money required for this on their own. A loan for the renovation must be taken out in order to be able to carry out the work properly and in a high quality.

Is a home loan worth it?

Is a home loan worth it?

When renovating a home, many consumers always think of a home loan. It can be taken up at very favorable conditions and is also available when larger amounts of credit are required. The disadvantage, however, is the fact that the loan for the renovation is entered in the land register in the form of a building loan, which can be viewed as a security as well as a burden.

In addition, a construction loan is only worthwhile from a sum of around 50,000 USD. And this should hardly arise for a simple renovation. We therefore recommend that you only consider the home loan as a loan for the renovation once all other options have been examined and exhausted.

The installment loan

The installment loan

The most classic loan for a simple renovation is the installment loan. It offers a free use and can therefore be used flexibly. In addition to the costs of the renovation, it can also be used to buy furniture that is subsequently needed. Or the many small things like new screws and dowels for hanging the pictures and attaching the shelves, strips and carpets, colors and accessories. There are many smaller and larger additional costs associated with a renovation, which are often forgotten and then double the budget.

The so-called housing loan is also very worthwhile. It is specially tailored to the renovation or refurbishment of a house or apartment and can also be included if it is only a rental property. Interest rates are usually somewhat lower than for installment loans. However, the money from the housing loan may only flow into the renovation and not into other things, since it is a dedicated loan.

The Lite lender loan

The Lite lender loan

If you want to beautify your home with the help of a loan for the renovation, you can also sometimes get state funding. Lite lender Bank’s low-interest loans come into play when the Lite lender “Modernize Housing” program is used. If the renovation also achieves an energetic improvement, additional funds and low-interest loans can be obtained from Lite lender -Bank.

It is important that funding and loans are always applied for before starting work. Since the loans and grants are earmarked, cost estimates must be submitted with the loan application, which show the amount of the costs incurred and thus show how much the loan amount for the renovation must be. You can apply for the services at any bank that works with Lite lender -Bank.

Criminal early repayment mortgage loan

The Consolidated Banking Act gives the debtor of a bank the opportunity to proceed with the early repayment of the loan (total or partial): for those who have the opportunity to put it into practice, this is a very interesting solution, given that it represents for the borrower the opportunity to save interest on future installments ;

there are no penalties for loans taken out after 2007 for the purpose of purchasing or renovating the first home, but for others early repayment involves costs: here is how to calculate the penalty on fixed-rate mortgages.

The maximum penalties for fixed and variable rate mortgages on the first home


When it comes to early repayment of the mortgage, some distinctions must be made based on the date of the stipulation, the purpose and the type of financing. Penalties cannot be foreseen for first home mortgages entered into from 2 April 2007, while for those stipulated before that date (we always speak of financing on the first house) the law establishes maximum limits; here the distinction between variable-rate mortgages and fixed-rate mortgages comes into play: for the former.

The maximum rate for the penalty is set at 0.50% if the extinction occurs before the third last year, at 0.20% if it occurs during the third to last year and is void if it occurs during the last two years of the loan term.

Fixed-rate mortgages

The same limits are applied for fixed-rate mortgages stipulated before the beginning of 2001, but other ceilings are envisaged for those signed after 1.90% for the repayment during the first half of the loan, 1.50% if it occurs between the middle and the fourth to last year, 0.20% if it occurs during the third to last year and 0% if it occurs in the last two years. If the mortgage is not on the first house, different penal clauses can be foreseen.

If the mortgage is at a fixed rate, you need to check what the amortization provides at the time of extinction: if there is a fixed rate at that precise juncture, the rules applied for fixed-rate mortgages apply, if instead at that moment there is è the floating rate the maximum penalties for floating-rate loans will apply.

If higher penalties are indicated on the loan agreement than those provided for by the law, the debtor can request the bank to reduce and adjust the rates and the credit institution cannot refuse.

Early repayment of the total or partial mortgage


With the total early repayment the loan agreement closes definitively (the debtor pays all the sums due to the bank), but there is also the possibility of partial early repayment: in this case the borrower pays only a part of the residual debt and depending on of the type of amortization plan, it will be possible to obtain a reduction in the installments maintaining the duration of the loan or a reduction in the duration of the loan, keeping the amount of the installments constant.

Obviously, in the event of partial extinction, any payment of the penalty will only concern the sums advanced. As a rule, these operations are carried out in conjunction with the payment of an installment.

In addition to the penalty, the early repayment of the loan entails other costs that must be incurred by the debtor: the cost for the administrative calculation of early repayment and the daily tenths, which correspond to an interest rate calculated on the number of days that elapse between the last installment and the moment of extinction.

To understand how to calculate the penalty we will take two examples, one relating to the partial extinction and one relating to the total extinction of a fixed-rate mortgage.

The calculation of the penalty


Partial extinction

The residual capital of the loan in progress (which is repaid in installments of 500 USD) is 30,000 USD; you have 5,000 USD available which wants to be used for partial extinction. This sum represents 16.67% of the debt, while the residual amounts to 25,000 USD, or 83.33%.

Depending on the type of amortization plan, the installments can be kept constant, however reducing the duration of the repayment plan, or you can keep the same number of monthly commitments, recalculating the amount (if before the installment was 500 USD, in followed will be equal to 500 x 83.33% = $ 416.65). The extinction penalty is applied exclusively on the 5,000 USD paid in advance.

Total extinction

In this case, the loan expires, with the borrower paying the entire remaining debt to the bank. We refer to a mortgage with an interest rate of 3% and a residual debt which, as in the previous case, amounts to 30,000 USD, while the early repayment penalty is 2%.

If the deadline of the last date was May 31 and you decide to pay off the debt on June 9 you must also calculate the daily tenths: 30,000 (residual debt) x 9 (number of days between the last installment and the extinction) x 0.0082% (daily rate) = 22.14 USD. The penalty amounts to 600 USD (30,000 x 2%), while the administrative costs for counting are usually between 30 and 60 USD.


The Internet can find everything. From food recipes to how to make a car with a 3D printer. And, of course, through the Internet we can find various options to improve our finances. Various pages coexist throughout the web that specialize in offering loans and credits online.

Online loans and credits are a financing tool that has become popular worldwide. Today there are thousands of people who benefit from this financial product. And the best thing is that day by day the options to access them increase.

If you want to know how to benefit from these financing, you are in the right place. Keep reading this article, because here we will explain everything about how to order them.

Where to ask for a quick personal payday loan

Where to ask for a quick personal loan

Too often we use online financial institutions to get personal payday loans. These are agreements through which the lender grants an amount of money to his client, which is called the borrower. The said person has the obligation to return that amount and also pay previously agreed with interest and expenses related to the transaction.

First, before explaining where to ask for fast personal payday loans, it is very important to know everything about personal payday loans, so at the beginning, we are defining it.

These personal payday loans can be used for various pressing situations. For example, if you need to pay a medical consultation or pay for the repair of your car, you can ask for a personal payday loan if you do not have liquidity at that time.

The main reasons for requesting personal payday loans are: to settle debts, to buy vehicles, to make reforms at home or to pay expenses for the study of children. But .. now that you know this, you should know where to ask for a quick personal payday loan.

Where to apply for a personal payday loan

Where to apply for a personal loan

To know where to apply for a personal payday loan, just go to Google and search among all the loan websites, the one that best suits your needs. This would be the first step of the whole process.

After finding the site of the lender online, you will have to choose between the types of loans offered. In this case, a personal payday loan is sought.

Then, the user will look for the tool known as a loan simulator to enter the amount you want in the loan and the amount of fees in which you will pay all the financing, including interest rates and other administrative expenses.

Finally, the client will fill out a simple form in which he will place some personal data and wait for the lender to tell him whether the personal payday loan was approved or not. Thanks to the speed with which these virtual signatures work, the response to the request will be taken in a period not exceeding 20 minutes.

This is one of the most important advantages of personal payday loans: its speed. In a short time the person knows if his loan was approved and the deposit in his bank account is made in less than 24 hours.

Another thing you need to know in addition to where to apply for a personal payday loan is what requirements the financial entities require to give personal payday loans.

In most cases, lenders have the same requirements. Here we will tell you what are those collections that you must deliver to the company that will give you the credit:

  • Present a valid identity document. The client’s age will be verified (he must be of legal age) and if he has permanent residence in the country in which the lender operates.
  • Have a bank account that can be accessed through the Internet.
  • Give some guarantee or payroll so that the lender can verify that you can pay the repayment.
  • Email address and phone number.

Where can I apply for a loan?

Where can I apply for a loan?

Now that you are clear where I can apply for a loan, you can make the application yourself without fear. You must be clear, of course, what are the requirements and conditions that each of the online lenders require.

If you have everything in order, you will have no problem making use of your personal payday loan.

The most common mistakes borrowers have, how to avoid them

When applying for a bank loan, it is worth remembering that the current move will have an impact on the next few years. That’s it, because even up to 12 years it can take a bank loan repayment period (unsecured loan, mortgage obligations can of course be much longer).

It is worth earlier to realistically assess your options for paying the installment. In the article we will present the most common mistakes made by people applying for a cash loan or consolidation loan . Borrowers’ mistakes, please read.

Borrowers’ mistakes: Working under time pressure


Rushing to apply for a loan will be the worst advisor. Customers who care about time are not fully familiar with the terms of the loan. After some time, they notice that their loan has had an interest rate increase , or that their loan insurance is inadequate to meet their needs. It is never recommended to rush in the process of applying for a cash or consolidation loan.

Similarly, a bank or credit advisor has no right to put pressure on us, until the next day or within a few hours the offer that the institution has offered to us will certainly not be missed. It should also be remembered that banks give a 14-day deadline to resign from the credit agreement we have signed . If something does not agree with the previously proposed conditions, you can exercise your right.

Suggesting credit ads and promotions


The purpose of the advertisement is to attract as many borrowers as possible for the bank. The conditions presented in the offer, bank’s advertisement are usually directed to the best group of customers. Yes, the banks have very cheap loan offers , unfortunately targeted at quite small groups of clients with the best credit standing.

The vast majority of customers will be presented with completely different price conditions. Therefore, it is worth the bank to provide us with various offers to suit our situation. Instead of blindly believing in advertising or unique offers of banks, it will be much better to pay attention to the real cost of credit , possible changes in cost over time.

Emerging bank offers are another issue. This applies, for example, to free credit offers , most often they are up to USD 4,000 spread over 12 months, where the APRC is 0%. Here the bank does not introduce customer categorization, the offer is either available to the customer or the customer will be refused.

Offer recommended by family and friends


Quite a common practice in the process of looking for a bank loan is to suggest the opinions of loved ones . This is obviously a good way because the offers are recommended to people we trust. They certainly wouldn’t want to hurt us by packing us in usury offers.

It should be remembered, however, that banks set the costs of their products individually. The costs depend on the assessment of us as a client, our scoring. Not necessarily the loan offer, which was very cheap for a neighbor, will also be the same for us. Already a difference in the number of children, the condition of the apartment, and the length of service may result in different loan price conditions.

It will definitely be better to ask an experienced person who knows the credit industry. In this way, we will be able to get the cheapest loan possible taking into account our credit assessment and scoring.

Borrowers’ mistakes: No comparison of bank offers


In order for us to have a reference point, it is worth comparing bank offers in advance. The Internet resources are teeming with various comparison websites and loan calculators. It is worth using them to give us an idea of ​​which banks are proposing costs for the amount we are applying for. However, credit comparison websites should not be an indicator of what offer should be absolutely used. Banks change their offers too often for such tools to keep up with them.

In addition , they only provide estimates . The actual cost of a bank, cash or consolidation loan will always depend on the assessment of our creditworthiness. The cost may differ from the one previously calculated in the credit comparator.

If we are already comparing loans, it is worth doing it on the same parameters, i.e. the same loan periods. The mistake that customers quite often make is comparing loan installments, not paying attention to the fact that one of them is in 96 cities and the other in 120. The installment will be lower for a longer loan, but the total amount to be repaid is not necessary. It is also worth remembering about such details.

Too many credit inquiries


An officially submitted credit inquiry occurs when the bank requests from us proof of data and sensitive information, address, mother’s maiden name or marital status. Then the bank has enough information to generate an official credit inquiry . It is done by reading the Credit Information Agency database.

When there are too many queries (more than three in the last two months), the banks lower our scoring. Many inquiries are a signal to the bank that the client goes to other institutions for some reason.

Banks do not see why the client was making inquiries, they have no idea whether he was refused or just wanted to compare offers. When there are too many inquiries, customers are refused credit because of other credit inquiries.

In order to avoid the problem, it will be better not to generate official queries in banks, but only to ask about the possibility of lending. Only after gathering the necessary information, choose the best bank, where we will make a credit inquiry.