It is the beginning of August, half of the holidays are definitely outside us, but many of us are just getting ready to go on holiday or renovate the apartment. Many parents already think about the upcoming school year and the related expenses for school layette. If you have specific needs, see our proposals for a cash loan of 6000 PLN, whose repayment period is equal to twelve months.
Most Poles spend their salary on a regular basis and only a few of us have small savings of around PLN 2,000. Therefore, almost every fourth person asked by us intends to take a cash loan in August to realize their plans and dreams. However, before you decide on any cash loan, think about it and check which bank to take it in so that the costs are as low as possible.
Cheapest Cash Loan
Where for the cheapest cash loan in the amount of PLN 6,000, whose repayment period is equal to twelve months?
After comparing all of the PLN 6,000 cash loans with a repayment period of 12 months, it turned out that in August the cheapest cash loan can be found in Payday Loan – “Welcome 2” guarantee combined with the “Lowest interest rate guarantee” offer duration. The cash loan is granted with the lowest interest rate on the market guaranteed by Payday Loan. The guarantee is valid for 30 calendar days from the date of the conclusion of the cash loan agreement with the Bank, ie from the date of the funds’ release. The promotion organized by Payday Loan consists in providing a cash loan without commission to the Customer who will apply for a cash loan, receive a positive credit decision and conclude a cash loan agreement and a Safe Pożyczka insurance contract. The liability installment will amount to PLN 527.47 per month, while the Actual Annual Interest Rate (APRC) is 10.46%. The offer is addressed both to own and new customers of Payday Loan. Anyone who submits a cash loan application via the Internet will receive an online credit decision.
Interest rates in banks
In August, it is also worth considering taking out a cash loan at TU Bank, which offers a “Cash loan with an interest rate of up to 4.90%.” A customer who decides to take out a cash loan at TU Bank will incur the commission costs in addition. 8.1%, the Actual Annual Interest Rate (APRC) for this liability will be 22.00%, and the monthly installment – 555.95 PLN.
The ABC Bank cash loan was also on the podium, with an interest rate of 9.49% and a commission of 5.5%. The monthly installment will amount to PLN 556.69, which is slightly higher than in TU Bank – the difference is only PLN 0.74. The Actual Annual Interest Rate (APRC) for this commitment will be 22.31%.
The list also includes: Payday cash loan, BP Bank on the account statement from the last 3 months and cash loan. Allow for more offered by UM Bank.
However, we emphasize that the monthly installment for a cash loan in the amount of PLN 6,000, with a repayment period of 12 months, in each case does not exceed PLN 577.
Choosing a Cash loan
When choosing a cash loan, first of all, compare different offers – check the proposals of at least a few competing banks, compare the actual annual percentage rate (APRC), which includes fees, commissions and other loan costs. Make a simulation of a loan using a cash loan comparison engine – by choosing a cash loan, it is necessary to consider whether the monthly installment (installment plan) presented by the bank will not overburden your household budget too much.