Do you need a loan? You will now be able to indebt the bank for small amounts. They can even reach up to seven thousand zlotys. You will no longer have to show any income experience issued by your employer. Only your statement on this matter will suffice. The draft amendment to the T recommendation will tell us about everything. It is possible that there will be no provision on the supervision of regulations limiting the ratio of installments paid by borrowers to the income they receive.
The draft recommendation divided banks into those that have the option of granting relatively small loans, as well as those that will be forced to adhere to strict rules and restrictions. Financial results achieved by a given bank will decide about qualifying it to one of these two groups. Institutions fulfilling several prudence criteria will be of great freedom. As is clear from numerous analyzes, as of today most of the banks meet these criteria.
The amendment will tell us what kind of loan we will be able to obtain in a simplified procedure, i.e. based on the so-called scoring models – based on the customer’s statement about expenditures and incomes. It will no longer be necessary to present a certificate certified by the employer.
It will be possible to take out a real loan
Not exceeding two average salaries, or about seven thousand zlotys. The maximum amounts of credits and loans that are available in given banks will depend on the time that the institution cooperates with. For example, if we have been operating in a given bank for a year, we are able to obtain a maximum of six times the national average in the form of a loan. If we need quick credit, we should remember that we should only apply in our own bank.
Thanks to the entry into force of these provisions, banks will no longer have to stick to the principle that the client may spend at least half of its payment on its repayment. Each bank will have the right to determine the ceiling itself, which will only have to be approved and signed by the bank’s supervisory board. Banks in order to estimate the level of the customer’s fixed liabilities will take into account both loan installments and all other non-credit liabilities from which the potential borrower will not be able to withdraw. The only exception will be mortgage loans as well as loans for the purchase of securities, because they have been excluded from the operation of Recommendation T. In a short time, changes will also be introduced in Recommendation S, relating only to mortgage-secured loans.
Easier and simple use of loans
As consumers, we will therefore have the option of easier and simpler use of loans. It will also be much easier to get them. It will be worth taking advantage of the opportunities that you can currently get, because it will be possible to implement many of your previous plans.