You can get a loan from several types of lenders, each with its own advantages:
Where to Get a Loan
- Banks : Traditional banks offer personal loans with competitive rates, especially for existing customers. You may need good credit and sometimes a branch visit. Examples include Citi Handlowy and Bank Millennium, which offer cash loans and online loan applications respectively
- Online Lenders : These provide a fast and convenient way to apply and get funded, often with pre-qualification options that do not affect your credit score. They cater to a range of credit profiles but may charge higher interest rates for lower credit scores
- Credit Unions : These member-owned institutions often have lower interest rates and more flexible terms, especially for those with less-than-perfect credit. However, you need to join the credit union first
- Mobile and App-Based Loans : Some banks like PKO Bank Polski allow you to apply for loans directly via mobile apps, with quick approval and signing processes
- Specific Online Providers : Companies like Revolut offer personal loans with transparent costs and easy applications online
- Other Options : PayPal offers business loans and credit options, and some loan apps like EarnIn or Dave provide small, short-term loans
Summary
- For the lowest rates and in-person support, try banks.
- For speed and convenience, online lenders are best.
- For lower rates and flexible credit terms, credit unions are a good choice.
- Mobile apps from banks offer a seamless digital loan experience.
Before applying, compare interest rates, loan terms, and eligibility requirements to find the best fit for your needs
