Cheap Loans – Loan costs

Loan costs in Cheap Credit

Loan costs in Cheap Credit

  First Parameters of the loan
Amount PLN 3100 PLN 7,000
Period 30 days 30 days
Expense PLN 0 PLN 1980
APRC 0% 1,969.83%
To repay PLN 3100 PLN 8980

YumiCredit belongs to Meta Finance. It is a dynamically growing company that puts customer’s needs first. He values, above all, an individual approach to each of the borrowers. Cheap Loan grants short-term loans up to 30 days, up to PLN 6,000 for regular customers.

The first free loan up to PLN 3,100

The first free loan up to PLN 3,100

Cheap Credit meets the expectations of customers and offers the first free loan. New clients who have not used the lender’s services so far can apply for up to PLN 3,100, for a round PLN 0. The Borrower does not bear any additional, hidden costs. The only condition is its timely repayment. So you do not have to worry about interest or commission. You give away exactly as much as you borrow.

In addition, the Cheap Credit Loan is open 7 days a week – it is to provide customers with the greatest possible comfort. If you have any doubts, you can also contact the company via chat, which is available on the lender’s website.

Cheap Credit – a quick payday from 200 to 6000 PLN

Cheap Credit - a quick payday from 200 to 6000 PLN

Cheap Credit provides loans for payday for a period of 5 to 30 days, in the amount of 200 to even 6000 PLN. The company understands and cares about the needs of its customers. If you do not have the option to pay off your loan within the prescribed period, contact YumiCredit, and its employees will do their best to find a convenient solution for you.

The company also decided to join the program. This program is dedicated to entrepreneurs who can reward their clients for timely payments. According to the Act, the company you paid on time can confirm your reliability by adding Positive Information about you. As a result, you become a more reliable customer, increase the chance of a positive consideration of loan or loan applications, and build your positive payment history.

Cheap Credit – requirements

Cheap Credit - requirements

The company’s offer is addressed to individual customers who need short-term and instant cash injection. To get a loan, you must meet the following criteria:

  1. Have a valid ID card;
  2. Be a citizen of the Republic of Poland and live in the country;
  3. Be between the ages of 20 and 64;
  4. Have your own bank account;
  5. Have an active Customer Profile on the lender’s website;
  6. Do not appear in the debtors’ registers;
  7. Have an active cell phone number.

Your application has been rejected and you do not know why? Be sure to check again if you meet all the required criteria. If your story in the debtors’ databases is negative, you already have an active Loan loan loan, you have not passed the loan assessment or you are between the ages of 20 and 64 – your loan application may be rejected. Also, remember to check the details you provided when registering on the Cheap Credit page.

Cheap Credit – the process of applying for a loan

Cheap Credit - the process of applying for a loan

Do you need a sudden cash injection? Just complete a short application. Initially, on the main website of the institution, select the amount you are interested in and the period for which you need cash. Then click on the “Apply” button. If this is your first loan in a Cheap Loan, you will be redirected to the registration form.

Registration in Cheap Credit

Registration in Cheap Credit

Registration in Cheap Credit is very simple. After completing the application you will be asked to make a verification transfer – all details about the payment will be sent via e-mail. It is very important that you are the owner of the bank account from which you make the payment. In addition, make sure that your sender’s name and surname in the sender’s information are the person who applies for a loan. The rest belongs to the company. After posting your payment, the company will analyze the application and you will receive the decision via SMS and / or e-mail.

If this is not your first meeting with Cheap Credit, and you want to get another loan, just log in to your profile and apply. You should find there information such as your customer number that you have previously received in your emails or PESEL number. After posting the funds in the company’s system, you will receive an SMS and / or e-mail notification.


Is the Amount of Loan Installments Guaranteed?

Persons deciding for a loan are often afraid that the installment for this type of service may significantly increase over the duration of the loan. It turns out, however, that by choosing a loan with a fixed interest rate, we can count on equal installments throughout the repayment period. This is very beneficial for all those who like to have their expenses always under control and do not want to worry about the amount of installment in each subsequent month.

Banks, meeting the needs of their clients, created loan offers with fixed interest rates. Thanks to this, everyone interested in this type of loans can be sure that the installment amount will be the same over the whole repayment period. It is therefore a very interesting offer for all people who think about taking out a loan, but are afraid of the actual costs that will be associated with it, because they will not be able to predict what installments they will pay in a given month.

The benefits of fixed installment loans

The benefits of fixed installment loans

You do not need to convince anybody how many benefits are associated with fixed-rate loans. Mainly, people who decide on it, provide financial security for years. They always know how much they will pay in the next month. Another advantage of this type of loans is the possibility of making quick calculations as to the costs of a given service. By counting the installments together, we know how much the bank will get on such a loan.

So there are no hidden costs here. Thanks to this, it will be easier for us to choose the best loan with a fixed installment from the offers of many banks. After taking out such a loan, the bank accurately reports to us the amount of installments to be paid together with the dates by which they should be paid. Thanks to this, we know in advance everything we need to pay off debt easily. With loans with a fixed installment, we do not have to worry about the increase in interest rates, because all expenses in this case are covered by the bank.

Borrowing costs with a fixed installment

There is no doubt that the cost of fixed-rate loans is known from the very beginning. We know exactly how much we will have to pay back and at what time. It should be emphasized that such loans are slightly more expensive than those that have a variable interest rate, and thus a different amount of installments. It turns out, however, that this is not a cosmic expense. It is worth choosing a loan with a fixed installment, if we care about the benefits mentioned above and pay a few zlotys more for such an investment.

Very many banks from time to time offer their clients attractive promotions in the area of loans with a fixed installment, which is why it is worth constantly monitoring this type of information if we think about such a loan. We can also easily compare current offers related to loans with a fixed installment in financial services. By choosing a specific offer, we can also successfully apply without leaving your home online or by contacting the bank. All this means that fixed-term loans are very popular and trust among customers in need of cash.

You do not have to not borrow! – Taking out a loan

Persons deciding on a loan should very carefully analyze the investment, thanks to which they will be able to multiply their assets. One of the worst customer exits and errors is to incur a financial liability that will be spent on current expenses.

Take Out a Loan

Take Out a Loan

How many times have you been in a situation where the lack of cash gave birth to the idea of ‚Äč‚Äčtaking out a loan? Before you complete the loan application, it is worth thinking a few times if it is really worth it and whether it will be a good solution for us. Every time you consider a bank loan, remember about the interest you will have to pay to the bank. If you buy any item on credit, you should expect that you will always pay more than this purchase would be financed from your own funds. This does not mean, however, that taking out a loan in any situation is a bad solution. This type of commitment is beneficial and justified when   will enable us to fulfill an important investment for us.

The loan price also includes interest as well as bank commission. Unfortunately, based on some investments in our life, such as buying a flat, only after many years of regular saving, we would be able to achieve the goal. Due to the long period of accumulating a certain amount, one day it might turn out that these goods are no longer needed. It is worth to think about a loan in this case, which is a serious commitment for many years, but unfortunately for such purposes, it is advisable.

Taking out a loan will also be justified when we plan to open a business, and the current savings are not able to cover all costs associated with starting your own business. Renouncing the loan may, once and for all, ruin our chance to develop our own business and increase our savings account.

We can also list many obligations that we should not finance with a bank loan. We should mainly hold back when it comes to current expenses, through which we can finally end up in a spiral of debt.

And while borrowing money from a bank can be an easy procedure, it is worth remembering that it will be our duty to repay them, including the additional interest costs and a commission for the bank that each bank specifies. When deciding whether to take out a loan, you should also keep in mind that it would be a serious investment. It is not worth spending these money on small unnecessary expenses which can finance a reasonable postponement for a month or two. Since these are not necessary things, it is not worth it to incur additional obligations.