You may remember that enthusiasm when non-bank loans appeared on the market. People began borrowing money, some thoughtlessly, and their ill-considered action ended up having problems with the executor. There were many fraudulent companies on the market, and short-term loans began to resemble usury. The amendment was brought about by the amendment to the Consumer Credit Act, which has been in force in the Czech Republic since December 2016.
Changes in favor of non-bank loan applicants immediately on account
The amendment has tightened the conditions for non-bank loan providers. Until December, anyone with a trade license could provide a non-bank loan trufact. There were tens of thousands of non-banking companies on the market. The amendment requires each provider to demonstrate a share capital of CZK 20 million and must also obtain a license from the CNB. Companies could apply for a license by the end of February 2017, and the CNB will send them a statement within a few months. It can be assumed that the market will change significantly and non-bank online loans will be provided by reputable companies. This will be a huge relief for all applicants. They will have almost 100% confidence that they will not be caught in the clutches of the cheaters.
Currently, Rerum Finance sro, which offers non-bank loans without proof of income, scores. This type of loan is very popular with people with low income, the unemployed and those who simply do not have time to deal with the lengthy paperwork. Rerum provides loans online, just fill out a short online form and wait for a loan approval. This takes place within a few minutes immediately after the money goes to the applicant’s account. It is an advantage that the company has accounts in several banks, so the money will appear in the applicant’s account within a few minutes. The top offer is a fast non-bank loan of CZK 8,000 with a maturity of 21 for free. A person over the age of 18 can borrow.