The Consumer Federation has been involved in the preparation of various types of reports, as well as summaries. Also the ranking of loan companies providing the lowest interest rate payday is very important for borrowers. In the end, thanks to this information, we find out where it is most profitable to take a break.
|Loan company||Borrowed amount||Commission||APRC||Amount to be repaid|
|hypocredit||3000 PLN||PLN 0||0%||3000 PLN|
|SertCredit||PLN 1,500||PLN 0||0%||PLN 1,500|
|Dugah||PLN 1,500||PLN 0||0%||PLN 1,500|
|HayetCredit||PLN 1,500||PLN 0||0%||PLN 1,500|
|Gunrum||PLN 2,000||PLN 0||0%||PLN 2,000|
|MetLoan||PLN 2,000||PLN 0||0%||PLN 2,000|
|Fyong||1000 PLN||PLN 10||0%||PLN 1010|
However, if we are interested in taking a payday for 30 days in the amount of PLN 1,000, then we should expect completely different financial results in individual loan companies. Namely, the largest commission is charged at Dongga, while hypocredit will take the least from us. The company SertCredit is in second place in terms of commission amount. However, other companies remain at a similar level.
The Best Payday Loans on the Financial Market in Poland
The next statement concerned the situation of borrowing also for 1000 zlotys with a repayment period of 30 days. But at the same time, we are examining the situation when a customer in each company decides to extend the repayment period by an additional 90 days. In such a situation, interest is added to some loan companies, such as Globe Loan, Senrun or SinDirect. Dongga is the least advantageous in this combination again. Because after almost 4 months, the customer, borrowing PLN 1,000, will eventually have to pay over PLN 2,500.
As for the lowest commission, hypocredit wins again. The cost of debt will increase to approximately the sum of 1700 zlotys. We will have to pay more than PLN 2,000 to Globe Loan, Senrun, Easy Credit, SinDirect, MetLoan, Express Cash, Dufin, Selleum, and Eicredit and BiggerLoan.
It is also worth to put yourself in a situation when you do not pay the loan on time. And in addition, we are late with paying the debt for the next 30 days. We will pay the most for Senrun. With a loan of PLN 1000, for another month of delay without submitting any applications, we will have to pay almost PLN 1,800. In this also Senrun company has the highest costs of reminder for payment. The other such company, which will sum up the client for very high costs, is SinDirect. There, we will pay over 1600 zlotys for a month of delay.
The most advantageous price in this ranking is again hypocredit, as well as SertCredit. With both lenders, our loan, despite the monthly delay, will amount to around PLN 1,200.
Financial situations are really very different. That is why some clients, despite having a small loan, have a problem with repayment. That is why it is worth following the costs of the loan, in the situation of a three-fold repayment date, as well as delays in repayment for the next month.
I do not think it will be a surprise for anyone, if we find out that the most loan will cost us at Dongga. After such procedures, we will have to pay almost PLN 2,800. Let’s not forget that we borrowed only 1000 zlotys. Senrun and MetLoan are the next companies that, unfortunately, have very high rates. Here, the sum of debt will increase to approximately PLN 2,700.
The cheapest thing will be the combination in SertCredit and hypocredit. In these two loan companies, at the very end, we will have to pay from 1800 to 1900 zlotys.
Such combinations show different possible scenarios that clients actually face. However, this is also a very good example of the fact that the amount of debt does not increase by itself. If it were not for extending the repayment period, as well as escaping the settlement of the debt, then the value of the loan to be paid at the very end would certainly not be too high.
So before we decide to take a minute, let’s take into account if we are able to repay the loan on time. And if there is at least a shadow of the likelihood that we may be late, let’s get to know additional costs.