Renewable loan limit – quickly and flexibly
The revolving loan limit is a compromise between a credit card, overdraft limit and online payday loan. We still have access to a specific amount (we can increase or decrease it at any time or after meeting certain guidelines), but we do not have to worry about the so-called repayment period or interest-free period, after which penalty interest is charged to us. Furthermore, fees are usually charged only if we withdraw money. After using a certain amount of money, we repay in full the amount we paid, we refund only part of it, or we regulate the minimum required amount to be able to continue using the flexible form of home budget support. For example, if our limit is PLN 1,500 and we withdraw PLN 300 from it, then we will have to make at least minimum monthly repayments for PLN 300 borrowed. At any time, when we find that we don’t need the credit line anymore, we repay the full amount and thus completely close the liability. We don’t have to leave the house to launch a revolving loan limit. We will deal with all formalities online, by completing a simple application, and we will only have to wait a few minutes for the decision to be issued.
Eurolan limits to PLN 2,000
It was Euroloan that paved the way for non-bank credit lines – it introduced them at the end of 2013. The company offers from 50 to 2000 PLN, however the final limit depends on our creditworthiness. To activate the limit, you must select this form of loan on the Euroloan website and register, and then make a transfer for PLN 1 from your bank account. After issuing the decision, we can withdraw as much money as we need – it’s important not to exceed the limit granted to us.
Saldo.pl will give a limit of up to PLN 5,000
Depending on the amount that will be awarded to us by the Balance, the monthly cost for maintaining an active line ranges from 35 (for PLN 300) to PLN 334 (for PLN 5,000). Saldo.pl provides 7 quota ranges – 300 PLN, 500 PLN, 1000 PLN, 2000 PLN, 3000 PLN, 4000 PLN and 5000 PLN. The revolving loan limit is available to Polish citizens who are at least 23 years old. There are also no negative entries in the Economic Information Bureau and a positive credit history in the Credit Information Bureau (BIK).
Demiro offers up to PLN 21,000
The company entered the Polish non-bank market at the beginning of 2015 and currently offers the highest renewable loan limit. However, before we gain access to the maximum commitment, at the beginning we can use the limit of PLN 2,500 with an interest rate of 12 percent. If we link our Demiro account to a Facebook profile, we’ll get a lower interest rate and a higher loan amount – the second level is PLN 4,000, the third is PLN 8,000, and the fourth is up to PLN 21,000 and an interest rate of 2%. We can also count on bonuses by inviting friends to Demiro.