Payday loan are one financial product that is so popular among customers. That is why loan companies have adapted their offer – a 500+ loan. Popular social benefit is considered income by many companies.
Which non-banking company grants 500+ loans?
Until recently, the 500+ benefit was only possible for the second and subsequent children. However, since July this year it has changed and 500+ benefit will be available for every child – even an only child. This popular benefit can be considered as a fixed income to increase the family’s creditworthiness. Many loan companies and banks have introduced promotional terms for loans. However, the 500+ loan only applies to installment loans or payday loans for consumption purposes. The social benefit does not affect your creditworthiness in any way, e.g. to a mortgage.
Non-bank companies often verify creditworthiness in databases. However, the high availability of payday loans is the biggest advantage of this type of loan. Non-bank companies do not verify the source of income, but only its amount.
Many non-bank companies have payday loans without certificates in their offer – only the amount of inflows to the account is important. The customer then has a much greater chance of obtaining a loan or even an installment loan from a loan company for popular family benefits. A loan for 500 plus is available in many companies, but offers are best compared.
What kind of income do loan companies accept?
Most loan companies verify their clients’ income in a very flexible way. Most often, the only criterion for loan companies is that the customer has a stable income regardless of its source. Naturally, the 500+ benefit that all families in Poland benefited from improved the finances of many families. However, many families also benefit from other social benefits, e.g. family allowance or childbirth allowance. However, for unexpected expenses, the loan you need is the best option. However, banks do not recognize income from social benefits, therefore oneline non-bank loans will be the only solution.
In a loan company, both the acceptance of the application and the granting of a loan in many non-bank companies depend mainly on the client’s history. Loans from non-bank companies for social benefits or maintenance are possible but this cannot be the only income of the client.
The extension of the 500+ program to the first child improved the financial condition of many families. Additional family income increases the chance of getting a loan on even better terms.