Until recently, loans to hand, non-bank loans for bills of exchange or OP and loans up to CZK 5,000 were very risky for consumers. However, at the end of 2016, a law was passed that only the verification and reliable lenders will remain on the market.
Loan providers are now bound by a license and a minimum capital of CZK 20 million. Loans with property pledges, high interest, pre-paid fees, hidden fees, no authorization required, invalid arbitration clauses, excessive penalties, and other fraudulent practices should disappear gradually.
However, it is always up to the potential borrower to read the passages written in fine prints in the submitted draft contracts. In any case, the new law is on the side of consumers and helps them in situations where they need to borrow money immediately.
The first non-bank lender in the Czech Republic to obtain a banking license was the Zaloan Bank. Her Zaloan Credit, Micro and Plus loans, which are sent immediately to the account, are already proven to be reliable, both by clients and independent financial advisors.
They are provided to Czech citizens from 19 to 85 years of age with a good credit history. Both the Zaloan Micro loan of up to CZK 20,000 and the Zaloan Credit loan of up to CZK 80,000 with the option of repayment are free of charge for the clients for the first time.
It is the Zaloan Credit overdraft loan that is most in demand today. The advantage is that you do not have to negotiate a current account with Zaloan Bank. You manage your Zaloan Credit yourself – you take loans as needed and without repeated requests.
We do not keep the loans on hand, but Zaloan Credit will inspire you more: you will save up to 33% compared to Micro loans and offer additional benefits – flexible monthly reimbursement, choice of repayment period or payment holiday up to twice a year. You only pay daily interest (0.2833%) and the fee for drawing the amount (12.5%).
“Every time we withdraw from the Zaloan Credit Account, you are immediately on the account, just like the previous non-bank loans. And it is much better than lending from family and friends. We do not want to be among them as debtors, ” says Mrs. Jaroslava, the mother of three preschool children from Jihlava. Zaloan Credit helps her family quite often, typically a week before maternity pay, when unexpected expenses occur.
You can arrange Zaloan Credit and other Zaloan loans online directly on this site. If you have any questions, do not hesitate to contact Zaloan Bank’s 24-hour customer service. The confirmation is Mr. Jakub’s review: “Very good… Try it! You’ll do everything over the Internet, don’t go anywhere to invite home agents. ”