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Instant Loan Up to PLN 4,000 Without Certificates – Opinions

About 1.5 million Poles use non-bank loans each year. For many clients, the first priority is the minimum of formalities and the time of receiving the money, not the cost of the loan.

Metabank’s “instant loan” is an attempt to “capture” clients from the non-banking sector. Let’s see the details:

Metabank instant loan

Metabank instant loan

  • Loan amount: from 500 to 4000 zlotys
  • Repayment: from 3 to 60 months
  • All over the Internet
  • Money for any purpose
  • Also on the income statement
  • APRC 22.25%

The loan is also available for people who do not have an account at Metabank.

HOW TO RECEIVE A LOAN LOAN

HOW TO RECEIVE A LOAN LOAN

According to Metabank, the entire loan process is to be fast, cheap and without any pitfalls for the client. Basic things are required to receive money:

  • On the Metabank website, we select the amount and the repayment period.
  • We fill out a short loan application.
  • We make a verification transfer in the amount of PLN 1.
  • We accept the agreement via SMS.
  • Payment of the loan to the account.

Metabank indicates that we will receive the money for the statement – it is therefore a loan without any certificates. However, the bank informs that “the possibility of receiving a loan on the basis of a statement of income depends on the result of the assessment of creditworthiness.”

ILE COSTS A LOAN LOAN

ILE COSTS A LOAN LOAN

The cost of the loan will be known before sending the application. All you need to do is use a loan calculator. APY for the representative example is 22.50%, which is much less than for loan companies.

Below are examples of the costs of “Instant Loans”:

A PLN 500 loan for 12 months. The installment will amount to PLN 49.72. In total, we will give PLN 596.66.

A loan of PLN 1000 for 12 months. The installment will be PLN 99.45. In total, we will give PLN 1197.33.

PLN 2,000 loan for 12 months. The installment will amount to PLN 198.89. In total, we will give PLN 2386.64.

PLN 2,000 loan for 24 months. The installment will amount to PLN 104.39. In total, we will give PLN 2627.77.

PLN 2,000 loan for 36 months. The installment will amount to PLN 72.99. In total, we will give PLN 591.84.

PLN 2,000 loan for 48 months. The installment will amount to PLN 57.37. In total, we will give PLN 2753.89.

PLN 3,000 loan for 24 months. The installment will amount to 156.58 PLN. In total, we will give PLN 3758,16.

PLN 3,000 loan for 36 months. The installment will be PLN 109.49. In total, we will give PLN 3,941.67.

A loan of PLN 3,000 for 48 months. The installment will amount to PLN 86.06. In total, we will give PLN 430.80.

PLN 3,000 loan for 60 months. The installment will amount to PLN 72.09. In total, we will give PLN 4,325.49.

A loan of PLN 4,000 for 12 months. The installment will amount to PLN 397.79. In total, we will give PLN 4,773.29.

A loan of PLN 4,000 for 24 months. The installment will amount to PLN 208.78. In total, we will give PLN 5010.82.

A loan of PLN 4,000 for 36 months. The installment will amount to PLN 145.98. In total, we will give PLN 5255,66.

A loan of PLN 4,000 for 48 months. The installment will amount to PLN 114.74. In total, we will give PLN 5507.74.

A loan of PLN 4,000 for 60 months. The installment will amount to PLN 96.12. In total, we will give PLN 5767.21.

Representative example: Actual Annual Interest Rate (APZ) is 22.25%, total loan amount (without crediting costs) PLN 3000, total amount to be paid PLN 3849.81, fixed interest rate 9.99%, total loan cost PLN 849.81 (including: commission PLN 393.67 and interest PLN 456.14), 30 monthly equal installments in the amount of PLN 128.32. The calculation was made on 11/04/2018 on a representative example. The granting of a loan depends on the result of the creditworthiness assessment.