The winner of the latest cash loan statement is the Master Cash Loan offered by Bankate, which has a nominal interest rate of 3.99%, and a commission of 7.50% is charged for its granting. This translates into a monthly installment of PLN 606.69. It is worth remembering that the offer described has some limitations. The basic ones include a low maximum loan amount (only PLN 35,000) and a relatively short repayment period – up to 60 months.

The second place in the ranking was Cash Loan with a low commission granted by Bankate. The monthly installment of this liability is PLN 609.27. This value is derived from the nominal interest rate and the commission charged for financing, amounting to 6.89% and 1.99%, respectively.

The person interested in the offer must accept that the loan can only be taken out at Santander’s stationary branches, and more specifically at one of the branches taken over from the former Deutsche Bank.

The third place in the ranking was taken by the loan available at Fleshbank. Cash Vestu, because this is the name of the liability, has a nominal interest rate of 5.90% and a commission charged for financing in the amount of 5.00%. The monthly installment of the analyzed offer amounts to PLN 615.28.

In the case of Vestu Cash, it is worth paying attention to the maximum liability amounting to as much as 250,000. PLN However, it is intended for people interested in consolidation of already existing liabilities – for other clients the maximum amount is PLN 120,000. zł.

In our opinion

In our opinion

The leading cash loans were dominated by banks operating under the Santander brand: Bankate and Bankate. It is the result of the overlap of two factors. The first is the improvement of offers in these two institutions, and the second is the deterioration of pricing conditions at Outbank and Nefbank (1st and 2nd place a month before). On the other hand, the stable behavior of Fleshbank, which remained in the third position, is very good.

Accepted cash loan parameters

Accepted cash loan parameters

The model liability amounts to PLN 25,000 and is drawn for a period of 48 months. The use of a loan does not require the creation of a personal account, thanks to which this undertaking does not generate additional costs. Offers are sorted ascending from the lowest monthly installment.

Model borrower

Model borrower

An example of a borrower is a single, renting an apartment in a medium-sized city, employed on the basis of a contract of employment. He receives a remuneration of PLN 3,000 net and this is his only source of income. In addition to renting a flat and a loan for the purchase of a car, it does not pay any additional obligations. He intends to spend the funds obtained from the loan for any purpose he has chosen.

How do you find the best online cash loan?

How do you find the best online cash loan?

The number of offers available on the market often makes it difficult to find a loan matching the expectations and financial possibilities of a potential borrower. It happens that the selected proposal is addressed only to a group of people who meet certain criteria or rigorous procedures of the bank closing the way to the dream financing. In such situations, it is worth using the Rankomat cash loans comparator, which will effectively narrow down the search area.

How to get a cash loan online?

How to get a cash loan online?

The procedure has been kept to a minimum. All you have to do is select the appropriate offer and click “choose”. Next, please provide your name, surname, telephone number and e-mail address in order to facilitate identification during a conversation with our consultant. He will present all the details of the selected offer, conduct an initial assessment of creditworthiness and dispel the potential doubts of the applicant.

Market situation

Market situation

Relying on data provided by the Credit Information Bureau, the value of consumer loans granted in 2017 reached PLN 78.66 billion and was 3.5% higher than in 2016. In numerical terms, the amount of cash and installment loans granted increased by 1% year on year. Thanks to this, despite the weaker December, positive growth in consumer loans was maintained.