Alior Bank claims it gives customers two proofs that they borrow at the lowest cost from this bank. What are these proofs?
Krzysztof Buciak: Alior Bank has combined the best features of a loan in one offer so that customers can be sure they are borrowing at the lowest cost. The bank offers a loan with an interest rate of just 5%, along with a guarantee of the lowest instalment throughout the repayment period!
Moreover, the bank refunds all interest if the customer repays the loan within 6 months.
The loan is available to every customer with sufficient creditworthiness. This requirement can be met quite easily because, first, the bank accepts a very broad range of income sources, including a contract for a specific task, a contract of mandate, and even the allowances of HGV drivers travelling on international routes.
Second, thanks to such an attractive loan interest rate and the option of spreading repayment over as many as 10 years, the loan instalments may be low. This means that even someone with a relatively low income—and therefore relatively low creditworthiness—may obtain the loan. What else? A loan of up to PLN 150,000 can be obtained without guarantors. It can even be taken out by 3 unrelated people.
If you are not an Alior Bank customer, are you automatically at a disadvantage when applying for a loan?
Krzysztof Buciak: You do not have to be an Alior Bank customer to receive a loan on the same terms. You do not even need to open an account with Alior Bank—a statement from your own bank is sufficient. In addition, a loan of up to PLN 4,000 can be obtained based on a declaration of income.
And how quickly can we receive the money when choosing the “5% Loan with a Guarantee of the Lowest Instalment” at Alior Bank?
Krzysztof Buciak: Nowadays, customers expect quick decisions and the funds to be credited to their accounts without delay. As a modern bank, Alior Bank responds to these expectations, which is why the loan funds may be available in as little as 1 day.
More detailed information about the 5% loan with a guarantee of the lowest instalment and other banking products is available at Alior Bank’s partner branches:
Bolesławiec, 46 Zgorzelecka Street, tel. 75 732 22 51
Bolesławiec, 1/9 Mickiewicza Street, tel. 75 713 70 02
The Annual Percentage Rate is 17.2%; the total amount of credit (excluding financed costs) is PLN 8,330; the total amount payable is PLN 10,408.47; the nominal interest rate is 5%; the total cost of credit is PLN 2,078.47 (including a commission on the granted credit of PLN 1,356.05 (14%) and interest of PLN 722.42); 34 equal monthly instalments of PLN 306.13—representative example. A loan without income certificates, upon presentation of a current account statement, may be obtained by people receiving income, among other sources, from an employment contract (regular payments for the last 6 months) or a pension (for 1 month). The final lending terms depend on the customer’s creditworthiness, the loan disbursement date and the payment date of the first instalment. Commercial information as at 17 June 2015.
(commissioned information)