Types of Loans: Which Loan Should You Choose?

 

POPULAR CREDITS THAT YOU CAN TAKE A PRIVATE PERSON:

POPULAR CREDITS THAT YOU CAN TAKE A PRIVATE PERSON:

 

1. CASH LOAN

1. CASH LOAN

The cash loan agreement assumes giving the borrower cash. The cash loan agreement does not define the purpose for which it is taken. Therefore, the borrower does not have to indicate the purpose for which he intends to allocate cash from a cash loan.

 

2. NON-CASH CREDIT

2. NON-CASH CREDIT

The non-cash loan assumes crediting the loan amount to the borrower’s account. Apart from the way of transferring funds, it is no different from a cash loan. Due to non-cash transactions, however, it is a safer form.

3. MORTGAGE LOAN

3. MORTGAGE LOAN

It has a predetermined goal. We will receive a mortgage loan to finance the purchase of residential real estate. It is a long-term loan. The mortgage collateral is to establish a mortgage for the benefit of the bank from which we take the loan

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4. BUILDING CREDIT – MORTGAGE

4. BUILDING CREDIT - MORTGAGE

It has a predetermined goal. We will receive a mortgage loan to finance the construction of residential real estate. It is a long-term loan. Loan collateral is also the establishment of a mortgage for the benefit of the bank from which we take the loan.

 

5. CONSUMER CREDIT

5. CONSUMER CREDIT

A special type of loan, which usually amounts to a few – several thousand zlotys. It is mainly intended for expenses and needs, such as the purchase of RTV equipment, home renovation, car purchase. Loan repayment guarantees are a loan repayment guarantee. With this type of loan, the money is often not transferred to the borrower and directly to the person or company selling the service or product.

 

6. CONSOLIDATING CREDIT

6. CONSOLIDATING CREDIT

as the name suggests, it is used to consolidate liabilities . Facilitation for people with a large number of loans – allows you to convert them into one debt.

 

7. RENEWABLE CREDIT

7. RENEWABLE CREDIT

a credit line open for some time related to current expenses, which can be automatically renewed after the lending period expires.

 

8. REFINANCY CREDIT

8. REFINANCY CREDIT

mortgage used to repay another loan – often also a mortgage.