Small short-term loans have one major disadvantage, which is only 30 days. More and more people are having trouble paying the full amount at the end of the month, plus a fee. These loans can then burden you much more than if you did not take one.
Therefore, it may be better to find a temporary job and try to pay for everything. Of course, this is not always the case, fortunately there is a loan of 10000 in installments, which you can divide into several installments so that the financial burden is not too high.
Loan installments without proof of income?
Last year, the borrowers were not required to provide evidence of how high their income was. Of course, it was only for loans up to 10 000 CZK. Now the laws have changed and hardened. Od 21.12. 2016, non-banking providers must require documents from all applicants to confirm their solvency.
10000 installment loan and its benefits
It can also be obtained by clients whose income does not exceed CZK 11,000 per month. These are mainly pensioners, students, mothers on maternity leave and citizens on social benefits. You can set the maturity period from 1 to 24 months. An entry in the registers does not have to be an obstacle either.
10000 installment loan and its disadvantages
When we mentioned the advantages we should also mention the disadvantages. The first is that in the end you can overpay a really big amount, so it is good to choose a loan where early repayment is free. Another downside is that you have really big fees in case you fail to repay the loan on time. There is a relatively high risk of debt trap, especially for low-income citizens.
Loan 10000 in installments without a register
Now, all banking and non-banking companies have access to the debtors register because they have to. But this does not mean that your application will be automatically rejected if you have a negative listing here. Of course, banks take a different approach and refuse these “troubled” clients immediately.