Browse Category: Payday Consolidation Loan

Who, how much and what does he borrow money for in Poland?

Kto, ile i na co pożycza pieniądze w Polsce?

When we need additional money, we borrow it not only from banks, but also from non-banking loan companies, as well as from each other. Most money is loaned by young people who live in big cities. What is the sum of the average loan in Poland and for what purpose is it earmarked?

Currently, the availability of loans and credits is very easy. We can apply for money even without leaving home or the company, because we can do it completely on the internet. This means that we are happy to borrow money and spend it on targets – not just consumption.

Where to borrow and repay the loan Poles?

According to information provided by the Credit Information Bureau (BIK), Poles in 2016 took out loans and consumer loans in the amount of PLN 78.5 billion. Therefore, this means that statistically every second inhabitant of Poland has a loan or loan. Many of us also have several different loan and credit products – as many as 768 thousand customers have a loan for a flat, a consumer loan, a credit card and an additional debit limit on their bank account.

According to the report “European Consumer Payments Report 2016, more than half of us, ie 52%, see nothing wrong with taking loans and consumer loans . The survey also indicated that 39% of the respondents take loans at banks. More, because as much as 47% borrow money from the family.

Another report prepared by the Gandalf institution indicates that at the same time many of us have problems with paying off their liabilities. The research of this business information office showed that as many as 2 million 322 thousand Poles did not pay their commitments in 2016 on time.

Who is the average Polish borrower and borrower?

Both Poles and Poles decide to borrow similar sums. They differ, however, their motivation and the types of borrowings and loans to cover expenses. Below we present detailed information about women and men who borrow money in Poland.

According to BIK data, almost half of women in Poland are in the 35-44 age group. Poland chooses loans and credits mainly to meet the needs of the family – they spend money on repairs, gifts, holiday trips, purchase of home appliances, as well as covering current expenses. They most often decide on cash loans, credit cards, renewable loans. Poland is also reliable clients of banks and loan companies as opposed to Poles.

When it comes to Poles in turn, they have mainly mortgage loans for building a house or buying a flat. Also, men are happy to lend money to buy a car or RTV equipment. In addition, men are more likely to use quick loans to cover current expenses. Consolidation loans that allow the collection of debts into one installment are also popular in this group. In most cases, men who borrow money are around 30 years old.

Advertising on commissions in some cases implies a closer link with the bank.


Escaparate de una entidad bancaria

An annual average of 200 euros is what a customer pays to his bank in the simplest commissions: account administration and maintenance. But any financial transaction carries a cost: transfer, issuing checks, ATMs, possession of cards, contracting products …

The fall in the concession of consumer credit has reduced the margins of Spanish banks, which are carrying out practices with their clients that are often abusive. A revealing fact of why the entities establish commissions: the six largest entities (Santander, BBVA, CaixaBank, Bankia, Sabadell and Popular) entered in the first half of 2013 almost 4,000 million commissions , double their attributable profits in Spain.

Consumers, however, have put themselves on the warpath. A survey published last week by (financial comparator) reveals that 59% of consumers would be willing to change banks for costs.


But know more about commissions and, above all, how you can avoid them. Here you have seven clues to become a customer with advantages and with some savings.

59% of Spaniards would be willing to change banks for commissions

What are bank fees really?
It is what the bank charges in compensation for its services. They can be charged together, in the case of a flat rate, or separately, for each service. The application will be a decision of the financial institution.

Is there a Legal maximum?
No, according to the Bank of Spain “the fees or prices of bank fees are free.” Entities can put the amounts they want except in a few bank transactions that are limited by law, such as the cancellation or early amortization of a mortgage loan at the same rate. variable or of certain credits to the consumption “.

What type of commissions exist?
The most common are those that apply to the administration of the account, which usually has an annual payment. It also implies costs for the use of cards, the making of transfers, the deposit of checks, the withdrawal of cash in foreign ATMs and the uncovered position, when our balance stays in the red. Do not forget that the granting of mortgage loans, personal and consumer loans, sight deposits, savings and term and endorsements are usually accompanied by an extra premium for the client. There are entities that charge for correspondence.

Cuadros de comisiones de bancos How can I avoid having my operations cost?
Currently there is a battle between entities to attract customers. That is why the agreement between the two parties, client and entity, works on numerous occasions. That is, if you have a payroll address, we can avoid expenses such as maintenance and administration. You can also be exempt if it is a VIP client, with significant economic presence. Do not admit correspondence, the same information can be obtained online.

And, above all, always read the fine print of the contracts. Never accept commissions that have not been previously warned or changes in them if there was no prior notice. On the other hand, if you were forced to open an account to have the mortgage or pay interest on a deposit, you would also be exempt from maintenance and administration costs, according to the Bank of Spain.

Is the advertising ‘Commissions 0’ real?
Yes and no. That is, in some cases the exemption of costs implies a closer connection with the bank, such as contracting insurance, direct debiting of expenses or acceptance of a credit card. In others it is real. In the table attached to the information is detailed the entities that at this moment do not charge commissions for maintenance, nor administration and transfers. Credit cards are free and do not require direct debit or pension. There are other offers, interesting too, but with a certain connection. In the websites of each entity, the cost policy is detailed. Search, compare and choose the one that suits you best.

Can the money already collected be recovered?
The first step is to make a claim to the customer service of the bank itself or via e-mail. And when it is proven that your claim has been denied, that it has been dismissed or that two months have elapsed without a resolution, an application may be made to the Bank of Spain.

Yes you can recover the money if it is proven that the application of the commission was abusive.

The big ones offer the best in their websites

Capturing customers online has become a priority for most banks.

Logo Banco Santander Zero commissions in certain services if the client accepts the plan We want to be your bank . Requires the contracting of two products. You can benefit from discounts on purchases.

BBVA Adiós commissions program . To enjoy cost savings in certain services, you must have your salary or pension with a minimum income contribution.

Banco Popular , of the Popular Group, offers the enjoyment of a current account without commissions when domiciling monthly income, such as payroll. Returns 2% of the receipts.

Bankinter Payroll account for new clients. Until March 31st. Minimum salary, 1,000 euros. It offers an annual nominal interest rate of 4.94% for the first year and 1.99% for the second year.

Bankia Which one fits? Under this claim gives the option to save costs in their services. Having at least 1,000 shares of the entity is one of the requirements, although there are others.

Banco Sabadell Expansion Account. Free cards and no commissions. Returns 3% of receipts and 2% of fuels. Accurate salary, pension or monthly income of more than 700 euros.

LaCaixa Cibertarjeta . When you register online you enjoy zero commissions in certain financial services and the Cibertarjeta is granted for online purchases without an annual fee.

More information about:

  • Banks

The consumer almost does not pay attention to these policies that are then forgotten

The consumer almost does not pay attention to these policies that are then forgotten

In 2006, of about 27 million life insurance that could be charged, around 10% were not paid because they were not claimed, explained the vice president of the Association of Users of Banks, Savings and Insurance, Adicae, Fernando Herrero .

“There are many life insurance that are granted along with credit cards or with different financial products (deposits, stocks, mortgages, etc.), therefore the consumer does not pay attention to these policies that are then forgotten. “, affirmed Herrero.

In cases where the insurance is not claimed, the financial institutions do not pay the money to the beneficiary, even though the monthly premiums have been charged in advance. This procedure is legal, since the bank or insurer only had the duty to inform when the contract was signed.

Registration of policies

To solve this situation, from today anyone can know instantly if you are a beneficiary of life insurance. Thus, after 15 days from the death of a family there is the possibility of going to check the Registry (after payment of 3.3 euros) if the deceased had contracted some life insurance.

The Registry of Death Coverage Insurance Contracts has already accounted for more than 50 million policies with data that have been provided by 201 insurance companies, according to sources from the Ministry of Justice. The registry will be very useful, according to Justice, the employers of UNESPA insurers and consumer associations like Adicae.

Right to know

For this initiative to be effective, “citizens must know both their existence and the procedures,” said the Vice President of Adicae, Fernando Herrero.

The Ministry of Justice has already developed an information campaign through the Internet, posters and triptychs with the motto. Your right is to know what is yours.

But in Adicae they ask for more publicity and that they rely on user organizations, “which are those that are close to the consumer”.

They also request improvements for the registry: “that the data can be consulted at any time of the user’s life and not only when the death occurs,” said Herrero.

25,000 economic solutions

Every year, death insurance resolves 25,000 situations committed to Spanish families after the death of a family beneficiary of this coverage, according to data from the Social Report of the Spanish Insurance 2006. This report also extracts data such as that 66% of the Spanish households have life insurance and that the largest number of insured is between 25 and 34 years old and their policies are linked, to a large extent, to the need to protect the mortgage payment in case of death.

5 questions to …

Pilar Blanco- Morales, Director of Records

1 Why does the need arise to create a policy record?

Many people were unaware that their deceased relative had taken out life insurance and was not paid.

2 How will the list be updated?

Banks and insurers have to register all policies. We have had the collaboration of these entities, so no system of sanctions has been put in place for those who do not record the new insurance.

3 What are the procedures to make the request?

The form 790 can request it from tomorrow (for today), after 15 days from the death of the insured, any person that attaches the literal certificate of death and pays the fee of 3.3 euros in a bank or cashier.

4Where should you go?

The documents must be delivered – personally or by mail – in the General Register of Last Will Acts (Jacinto Benavente Square, 3 Madrid) or in the 22 Territorial Management Offices of the Ministry of Justice. The delivery of the certificate will be done on the spot if requested in person, and in seven days if requested by mail.

5 Are there expiration times?

The data of this record will be kept for 5 years from the date of death of the insured, so that the certificate can not be requested once this period has expired.

More information here .