We have certainly had the opportunity to hear about car loans many times from banking customers who have become indebted to buy themselves or a used vehicle. However, in order to be able to take such a loan, you must meet the expected conditions. First and foremost, the client must demonstrate adequate creditworthiness. Often, bank branches, especially when buying new cars, also focus on the collected own contribution. raisinrats.com for further explanation
As you can see, not for every Pole, these conditions are feasible. But that does not mean that you have to give up all your dreams. After all, what are the special car loans for?
A loan company puts less conditions
For sure, we should not confuse fast payday loans for small amounts with loans dedicated to the purchase of a car. To be able to apply for such a loan, you also have to meet the expected conditions. However, they are not so many and they do not count as much as strict as in the case of the conditions set by the bank.
The conditions set by non-banking companies include, among others:
– having a valid motor insurance, including both OC and AC
– possession of a valid registration certificate
– the purchase may apply to a new or used car, but not older than 12 years
– the car should belong exclusively to the borrower and the vehicle must be allowed to move
Terms of the loan
In addition to the fact that the borrower must meet the expectations of the loan company, it really has the choice of certain conditions when deciding on such a cash injection. First of all, we can list here very large amounts of loans. Customers are able to borrow up to 100,000 PLN, while the maximum repayment period is up to 6 years. It is also worth getting acquainted with the interest rate as well as the APRC, that is the real interest rate. In this case, we will be talking about an average interest rate of 6% on a monthly basis.
Car loan without Retrodatabase
What clients fear most about banks concerns checking their data in the Credit Information Bureau. Therefore, if you take a loan in a non-banking company, you do not have to worry about going through this procedure. Not only data are not checked at Retrodatabase, but also the client is not verified in different databases. In addition, the biggest advantage of such loans is, of course, that they are granted very quickly. Normally in banks we have to wait a long time for the right decision. However, again here within 24 hours we usually have money on our account, which you can easily dispose of.
Although the biggest convenience would be to take such loans online, it is not yet possible. The verification of all documents by a non-bank company agent should be considered. But if he has no objections, as previously mentioned, the money is paid very quickly to the customer’s account. A few banking companies that provide loans also for cars will certainly find in our rankings.