Are you trying to get a payday loan, but it turned out that the application was rejected? Wondering why this happened? Here are some possible causes.
Credit history is all information collected in databases, e.g. BIK, regarding our financial liabilities. In the database you will find information about all loans and repayments taken and repaid by us. If the loans are not repaid on time, BIK will definitely notice it.
You must meet age requirements to apply for a loan. You must be at least 21 years old and no more than 73 years old in the Extra Loan.
Lenders analyze the customer’s creditworthiness. They take into account, inter alia, the borrower’s monthly income and expenses, employment form and credit history. Based on this information, your creditworthiness is determined, which may not be enough to get a loan.
Sometimes it happens that the reason for rejecting a loan application is an error in the data entered in the registration form. Before sending the form, check all the data carefully, make sure that there are no typos, whether the PESEL number or ID card serial number is correct.
The one-time registration fee is PLN 0.01. The first loan chosen for a period of 5 to 30 days for 1000 PLN is completely for 0 PLN. A representative example for the first loan: APRC (Actual annual interest rate) is 0%, assuming: total loan amount PLN 1000, total payment amount PLN 1000, RSO (annual interest rate) fixed interest rate is 0%, total cost PLN 0, Contract duration 30 days.
A representative example for a loan not covered by the promotion: APRC (Actual annual interest rate) is 1804%, assuming: total loan amount PLN 1000, total repayment amount PLN 1282.22, RSO (annual interest rate) variable interest rate is 10% (art. 359 § 21 KC – maximum interest), total cost PLN 282.22, including Commission PLN 274, capital interest PLN 8.22, duration of the contract 30 days.