Good Finance Bank belongs to the group of commercial banks whose head office is located in Warsaw. Last year, the bank was in seventh place in terms of the value of assets of banks operating in Poland.
Bank Good Finance currently has over 360 branches. He deals with internet, mobile and telephone banking. The bank’s offer includes both individual clients and people running a business.
The bank also has services for small, medium and large companies
The bank’s main strategic investor is Banco Commercial Portugues, which owns over half of Bank Good Finance shares. The cash loan offered by Bank Good Finance bears interest at 7.99% per annum. The interest rate is neither very small nor excessive when looking at other offers from other banks.
For granting a cash loan, the borrower will have to pay a commission of 9.99% of the amount borrowed. The available loan amount is from USD 1,000 to a maximum of USD 150,000, spread over a repayment period of up to 84 months. Let’s analyze the offer on a specific example.
The customer decides to take out a loan of USD 1,000, which he wants to repay for one year in twelve equal installments. From this amount, with the APRC in the amount of 29.71%, each of the installments will be USD 95.67. At the end we will repay USD 1148.08. The loan will cost us just over USD 148, of which USD 48 will be interest paid. To take advantage of the offer, a statement of earnings is required which must be submitted to the bank together with the loan application. Money can be used for any purpose.
Customers who feel like it can insure the loan, but the bank does not require it. Having a personal account at the bank, which is affected by our salaries, we can count on the fact that the amount of formalities related to credit will be kept to a minimum. The credit decision will be in a few minutes and the money will go to our account in one day. Bank’s internal customers can count on a reduction in the commission for granting them a loan.
Cash loan for you – Loan and Credit
Loan and Credit is a retail bank created through the merger of Noble Bank and Loan and Credit SA. In its offer there will be something for both individual customers and small and medium-sized enterprises, as well as local governments and larger corporations. One of the offers Loan and Credit has prepared for its clients is a cash loan for you. The interest rate on the loan is 8.79% per annum, while the commission for granting the loan is 12.49% on the amount awarded.
The loan amount is available from a minimum of USD 1,000 to a maximum of USD 200,000. The loan period is quite wide. The loan can be repaid in the period from 1 month to even 120 months. Such a large loan period is especially useful for cash loans for larger amounts. APRC is at the level of 36.57%. From the amount of USD 1,000 for a period of twelve months, we will have to pay installments of USD 98.26.
The total amount that we will have to pay is 1,179.18 USD, of which 54.28 USD is the sum of interest paid. To use a cash loan for you, Loan and Credit requires you to present a statement of earnings. The loan itself can be repaid earlier and its interest rate can be negotiated with Loan and Credit. Such negotiations can allow us to obtain better credit terms and thus reduce the cost of our commitment.