5 things you shouldn’t save on Free first loan

Most probably answer yes to the question “Is it worth saving?” Effective saving to build a financial cushion or emergency fund is difficult and be careful not to fall to the other extreme. It is easy to overlook the moment when saving ends and ordinary stinginess begins – as harmful as excessive wastefulness.

After all, there are areas of life where saving is not worth it, because in general it will bring more harm than good. For the most part, these are also the areas that will best serve the loan. When should you use it?

In a healthy body, healthy mind


It is said that health is the greatest and most valuable human good. Good psychophysical condition is the basis for success in other areas of life, including the financial one. Saving on health, avoiding visits to the doctor, not buying medicines (which can be very expensive anyway), not using rehabilitation, and even abandoning prevention are balancing the risk of health loss, which in turn can lead to job loss or other sources of income. That is why it is worth not only to care for it, but also to invest, even if it involves expenses.

You have to be aware of the fact that in the event of problems, speed is very important, which often involves the need for private consultations or treatments. This may require sacrificing part of your savings, and if you don’t have them – looking for an external source of financing. An online loan has the advantage over credit that it is available right away – it can be obtained very quickly and without unnecessary formalities, and this is very important if time matters.

Even loan companies are aware of health protection – more and more often, when taking a loan, you can also take advantage of medical packages. Until recently, Sure Loans customers could take advantage of the Sean Cole promotion, thanks to which they obtained the possibility of unlimited visits to specialists.

Provident also has a medical package in its offer. When you take out a loan from this company, you can insure yourself against an accident or sudden illness, and in return for USD 13 a month receive help in the form of access to medical visits, rehabilitation or medical transport throughout the country. In random situations, the Provident medical package also provides compensation in the event of permanent damage to health.

Education pays off


Investing in yourself is the best way to allocate funds and savings. Self-development and raising qualifications is one of the best ways to improve your financial position. It is a long-term investment, but it is very durable and – most importantly – it is never too late for it, although of course it is worth starting as soon as possible.

Similarly to health, here you can be tempted to take out a loan – although you will usually have to bear the associated costs (unless you take advantage of a free loan), sooner or later they will pay back more. The need for education is also understood by lenders, thanks to whom even very young people standing on the threshold of adulthood can borrow.

In companies such as Good Finance, Sure Cash or Fast Cash with loans even 18-year-olds who are just starting their educational and professional career.

You are what you eat


Food prices in Poland are really diverse, so you can easily compose full meals at a really low cost. You only have to remember one thing – full does not mean full value. This, in turn, can affect your health. Of course, you don’t have to spend the money right away – you can prepare meals yourself, avoid processed products or add more vegetables and fruits to your diet.

It does not cost much, and good-quality products can be found on the average price shelf, you do not necessarily need to look among promoted and advertised healthy foods. However, the lowest prices will usually entail equally low quality and nutritional value.

Invaluable security


The safety of oneself and one’s family cannot be overestimated, all the more so as excessive savings in this area can lead to a tragedy, the effects of which cannot be reversed. Therefore, it is worth ensuring that the risk of expenditure is eliminated as much as possible. Investments in new tires in the car (as well as its overall efficiency), burglar alarm or carbon monoxide detector will certainly deplete the wallet, but will ensure a restful sleep and a sense of security.

We also indicate this area as a good reason to take out a loan if you do not have sufficient funds to pay for it yourself. Fortunately, the range of non-bank products is so wide that you can easily find something for yourself – whether it will be payday loan or installment loan – provided that you familiarize yourself with the individual offers beforehand (we recommend our loan comparison service).

Good home appliances will last longer


Purchase of new home appliances or electronics is one of the more frequent reasons why Poles take out loans, most often because the purchase of those that will last for years is often in the order of several thousand zlotys. In no case is it wasteful – more expensive equipment is less emergency (which can save you money on repairs), and consumes incomparably less energy.

It is not without reason that poor people can not afford cheap things – the life span of cheaper equipment can be several times lower, and instead of one expense in a few years, you can get ready for a few every year. On this occasion, perhaps the most important thing to remember is that quantitative saving is not important, but wise and therefore selective saving.

What is a reservation fee?

Build or renovate and credit.

Build or renovate and credit.

Anyone who builds or renovates and studies the lender’s proposal sometimes wonders if it all makes sense. Especially if it’s your first project. What is a booking fee for example? And is that not an extra cost from which you can better try to overcome?

After you have compared the different repayment tables of the different financial service providers, you sometimes bump into different conditions. For example, some banks charge a reserve fee on the undrawn capital after the first 6 months.

What is a reservation fee?

What is a reservation fee?

A reservation fee is an extra cost that some banks charge to keep money (longer) for you. Usually you do not need the total loan amount in one go, and you receive the necessary money in installments as you have sent the bank invoices for the work performed. More than once, the bank charges you interest of around 0.1% after six months: a cost to keep the rest of the loan amount aside.

Even when your renovation or renovation work is delayed – and you cannot send the bank an invoice on time – such costs are sometimes charged. This is because the bank must keep your money for longer than anticipated. Often you can negotiate about this.

Extra cost?

Extra cost?

Yes and no. To begin with, it is of course always better not to have to pay a reservation fee. But this does not mean that you will necessarily end up more expensive at the end of the ride.

An example from practice.

If you immediately start paying back on your first withdrawal (this is referred to as the “first release system”), you repay capital plus interest on the withdrawn portion. The other part has no reservation fee for six months. After those six months you pay 0.1% on the capital that has not yet been withdrawn. But if you were already repaying this, for example, you would have paid 0.2xx% on it. And so here comes the advantage.

At the end of the home loan (after 20 years, for example) you would have repaid less interest than if you had immediately withdrawn the full amount and had exactly started paying the repayment table with the fixed monthly amounts. The total payment period remains the same in this case. In other words, a reservation fee of 0.1% is not a disadvantage compared to immediately taking everything in and paying it off.

Compare not only the interest but also the conditions!

Compare not only the interest but also the conditions!

That is why it is important to properly inform yourself at a bank or other lender. How will the repayments work?

When do you pay off capital? Once you have recorded everything? Or from the moment that you start to withdraw capital. With the additional question: when does your loan period start? As soon as you start to draw capital? Or only from when you have taken up the entire capital? And what do your repayments look like? As simulated in the repayment table? Or taking into account the gradual withdrawal of capital?

Simulate the cheapest renovation loan here!

What is a loan without certificates? how to get it

Formalities always involve a waste of time, and often additional costs. Non -bank cash loans offered by companies prove, however, that it is possible to provide services at a very high level, without the need to impose a number of complex formalities on clients . The leading product of this type is a loan without certificates. How does it look in practice and what do you need to do to get it?

Internet access is the basic condition for applying for quick loans without income certificates. However, there are loan companies such as Lisod Credit, in which you can also apply for a loan by phone. In this situation, registration to the company’s system and submission of the application takes place during the conversation with the consultant.

Loan without proof of evidence from Shorty Gold – what will we need?

money cash

In both cases, you need a valid ID, the number and series of which you will need to provide on the registration form. We will also need a mobile phone as well as an e-mail address to which electronic correspondence covering the loan agreement will be sent. Importantly, Lisod Credit also grants loans to people who do not have their own bank account . A special offer for payday checks for HAMBOG was created especially for them. They allow you to collect an online loan in the form of cash at a branch of Polka or Bank Jenny.

And really, that’s all we’ll need. A quick loan without certificates is a service where you do not need to send scans of employment contracts or guarantees from your employer about your income. It is true that this is not a loan without verification, because the customer’s identity is verified by a bank transfer of PLN 0.01, free account checking using the Kontomatik system or showing an ID card during the HAMBOG check.

However, it is difficult to call this a complicated formality. Compared to banking procedures, this is nothing. In addition, the customer gets the loan decision quickly and the money is transferred to his account as quickly.

How then does the lender check the customer’s creditworthiness?

money cash

In the case of offers, such as a loan without certificates or a loan without BMK, it is not that the customer’s creditworthiness is not taken into account. Non-bank loans are a safe financial service , which is why they are granted to customers who will be able to pay off their liabilities. For this reason, you must enter your monthly income form in the appropriate fields when registering. Their amount depends on whether we will be granted the loan amount specified in the application.

In the case of Lisod Credit offer

The first time we can get payday pay up to PLN 1,500 for a maximum period of 30 days. However, another loan can amount to as much as PLN 3,000 – also with the longest loan period of 30 days. It is worth taking advantage of this unique offer, which allows you to receive loans also to people without their own bank account.