Loans from 18 years
You can borrow money from banks and private companies for Polish citizens over 18 years of age. Then, you acquire the full right to take legal and civil actions, and such include the possibility of obtaining a loan. For 18 years, we have been given complete freedom to make various types of financial commitments, which we must then fulfill. Are young people really eager to get loans? What can 18-year-olds spend the money borrowed on, who usually go to school and are dependent on their parents? Companies that have been offering loans for 18 years willingly share information on this subject, indicating that this type of loans enjoy increasing popularity and trust from customers. We decided to collect in one place information obtained at source and summarize for what purpose loans are most often granted for 18 years to young people.
A young man also needs money
It is a big mistake for those who think that quick cash loans only belong to adults. One of the most frequently mentioned reasons why young people may need such loans is the need to finance a driving license course. To sum up all related costs, it can be expected that such an investment will cost from $ 1,500 to 2,000. This price includes the cost of the course, exam fees, as well as possible additional training rides. Often people who are just going to school do not have the opportunity to work and earn their own expenses. In such cases it is necessary to ask for help. If the family also does not have the money that can be allocated for this purpose, the last resort is just loans for 18 years. What tempts you to take advantage of this offer is the very easy availability of this type of product.
All a young person needs to have such a loan is only an ID card, as well as a bank account for which the money will be paid to him. Once the loan is granted, the young person who applied for it will find out very quickly. He will receive an SMS message notifying him of his credit decision. At the same time, the same message will be sent to his email address. In it you will find more useful information, such as the date of repayment of the loan, the account number to which it should be done, and the template of the contract in the PDF document should be attached. All this information is worth keeping for future reference.
How long will it usually take to get the money to the applicant’s account?
If the loan company account and the client account are kept by the same bank, the money will be made available immediately. In other cases, a maximum of one business day may be needed. Money can be used in the traditional way – withdrawing it from your account in cash – for example at an ATM or bank branch, as well as spending it using a payment card or transferring to another account number. If we want to pay for the driving license course, some of the fees can be paid in cash, and some by bank transfer.
When thinking about the driving course, you are considering buying a car in the short or long term. This is already a much larger expense than the course itself. How much is a passenger car, used, in good condition? At least $ 5,000 should be allocated for such a purchase. The upper limit is gone. The purpose of the loan just obtained for 18 years can be such a car. Assuming that the maximum amount of such a cash loan will be up to $ 5,000, the young person should already have the chance to find and buy a car that will meet his expectations. This amount can also increase his savings, significantly expanding the possibility of buying a car with many new models.
It is good to point out here that when deciding on loans of 18 years of greater value, look for offers that allow you to repay debt in more installments. Thanks to this, it will be much less burden on the household budget. Of course, there are companies that give such an opportunity and one loan can be divided into 5 installments. In the case of $ 5,000, one installment will amount to $ 1,200 per month. It is a way to quickly borrow money and pay it back fairly easily – provided you have the right source of income.
When you are 18, you usually think about organizing your vacation yourself. This, of course, requires financial outlays and not so small – depending on where and for how long the young man intends to leave. If he had not previously had the opportunity to earn money, such a trip will be able to finance a loan quickly available for 18 years . What do you need to get it? The conditions required to be met are unchanged – it will be of legal age, Polish citizenship, and your own bank account.
Carrying out the entire loan application process is also not complicated and is limited to completing the form. This form includes several fields that must be completed with your data. These include your name, address, invoice number and most importantly – the amount of the loan applied for. The response to an application is usually given very quickly. Same or next day. If the application is successful, the loan will appear on the account the next business day at the latest.
Do loans have any disadvantages for 18 years?
Every responsible person, before deciding to borrow money from someone, should know exactly the conditions under which the loan will be granted. This is very important because it avoids risky offers where the cost of such a loan can be very high. The more you can then take advantage of another offer available on the market, which will provide us with much more favorable conditions – for example, lower interest rate, the possibility of taking the first loan at no cost, or interesting gifts for the first customer. Such promotional campaigns are very often organized by loan companies with the aim of attracting new clients and keeping them with them.
Certainly when taking cash loans, a young person should remember and be aware that he is fully responsible for his decisions. This money was not made available to him for free. He will have to give it back and within the time limit that has been accepted on the contract. What if the funds do not allow him to meet his obligations in time? Do not wring your hands because of this. Loan companies are well aware that many people may have trouble getting the full amount of money needed to cover their debts.
To solve this problem, they give the opportunity to extend the loan from 18 years for another period. It ranges from 7 to even 31 days. Each week is paid extra, and the fee should be paid in cash. This solution should be treated as the last resort, protecting the client against charging costly criminal interest or commencing debt recovery proceedings, which may also incur high costs for this person. Let’s use this option wisely, remembering that whenever we have the opportunity, the loan should be repaid on time. It will definitely be a great respite for our budget, it will also allow you to apply for a loan in a higher amount after some time.
Do loans have any alternatives for 18 years?
What can you tell people who are wary of cash loans offered by private companies? Yes, one of these alternatives is to get a bank loan. Unfortunately, we have sad news. Receiving it is much more complicated and time consuming than a private loan up to 18 years old.
What documents will have to be presented to a bank employee for the loan to be granted?
The most important criterion will be having an account in a given bank for a long time. Usually 6 to 12 months. It is good if cash is being credited to such an account. Is it a scholarship or pocket money from parents or own funds earned by a young person? Unfortunately, at a certain age, young people cannot predict in advance when and how much money they will need. Especially if the opportunity to buy a car appears unexpectedly and you have to decide quickly. Then a private loan granted during one day may prove salutary and will be the only solution for us to get out of such a difficult situation.
It is also worth reassuring all young people who may have listened to various warnings from friends and family. Private loans up to 18 years are fully secure because the companies that grant them operate according to clearly defined rules and regulations. At the same time, they meet the same requirements that are set for banks in the scope of their regulations. What does this mean in practice? Namely, that each loan agreement is accompanied by an issue prospectus, as well as a representative example of the APRC, which allows to determine the amount of costs related to the loan. Loan companies are also doing everything to create a trustworthy image and build loyalty with their clients. They also give them many useful tools. Some of them are individual accounts that you can log in to check your balance and balance of debt.
As you can see, the possibilities of loan companies are growing, and they are very good competition for bank offers. As a young man who is just beginning his adventure in this sector, you can now enjoy complete freedom in managing your money. Even if it is to be borrowed money at the beginning, do it consciously and with your head, using the best offers for yourself.