Who Is The Loan For Proof For?Finance
Only a few years ago, banks and loan companies offered their clients competitive products known collectively as a loan for evidence. It was enough to show the lender or lender an ID card to be able to successfully apply for a loan or loan and receive one of these obligations.
Requirements for banks
After the economic and financial crisis, whose echoes also reached Poland, the banks withdrew from providing loans as evidence. The Polish Financial Supervision Authority obliged banks and EasyCash Lending to check on each loan application the credibility of the client reaching the database of the Credit Information Bureau. BIK provides information on all loans granted and repaid, which is why the bank, by controlling the client’s credit history in BIK databases, immediately knows whether he is a reliable borrower, whether he has ever taken a loan and how he repaid it.
Loan companies do not have full access to BIK so far, but this may change in the future. In addition, banks must carefully calculate the creditworthiness of their clients, which extends the process of granting loans or rejecting loan applications. A loan for evidence, or rather a loan, upon proof of identity is now available almost exclusively in non-bank companies.
They are not covered by the banking supervision guidelines, the functions of which are exercised by the Polish Financial Supervision Authority, therefore they can independently shape their lending policy, based solely on the provisions of the Civil Code and the anti-usury law. Non-bank loans, which are often referred to as a proof-of-credit loan, may be incurred by adults who meet specific conditions set by a given lender.
How to take out a loan for evidence?
As the name suggests, the proof credit should be granted only on the basis of the photo ID provided by the client. For this reason, it is available only to borrowers who are citizens of the Republic of Poland, who have a permanent address of residence in Poland. As a rule, foreigners can not incur such loan obligations.
A loan of this type is actually a loan, because it is provided by a non-banking company, which according to the current legal status can not grant strict loans. The effect for the client is the same – with a simplified credit procedure you can get a loan as proof. It is usually necessary to complete an electronic loan application, in which the client states the amount of his monthly income and liabilities, personal and contact details or information about his employment or way of earning money. On the basis of declarations made by the client, a short, quick and usually automatic procedure for assessing the creditworthiness of the applicant is carried out.
Thanks to this, you can quickly get a decision to pay a loan or to reject a loan application. Credit for evidence is directed to people who care about the shortest possible time to obtain a financial liability from an external source. It can be obtained even within a dozen or so minutes, only on the basis of data from the client’s ID card.