Nowadays, financial problems affect more and more people. In the past, companies granting short-term loans, the so-called momentary loans, did not have very attractive offers. Currently, many of these companies offer the first loan completely free of charge, so you have to give away only what you borrowed and not a single zloty more.

For this reason, those who are required to meet the deadline for payment of arrears receive a much better offer than they will receive from the bank. Otherwise, the first free loan is not obligatory and you have to take into account high interest rates. Therefore, you need to think very carefully before you decide to take a moment.

As far as the unemployed are concerned, they should not count too much on financial support from the banks. This is quite logical, because the probability of giving up for a long time is "theoretically" negligible. Nobody takes into account the fact that a person may simply not have a permanent job, but work and earn quite well.

Otherwise, an unemployed person may already have a planned job placement at a later date. The bank doesn't care. If you do not have a contract with your employer, the chances of getting a cash injection at the bank are close to zero. Here, too, with the help of the momentary unemployment benefit, where the first free loan is also possible.

A better moment or a loan from the bank?

It should be clearly stated that taking short-term loans is the last resort, unless we are sure of 100% repayment on time. Then the first free loan is much better, but otherwise, the bank has a much lower interest rate. Another issue is building a bad credit history.

Much better looks the problem with the repayment of a loan from a bank than the one taken out a moment ago. Then we may have a problem with raising more money in the bank, because we will be qualified as unreliable borrowers. The chance of getting a loan for a flat or leasing a car will significantly decrease.

However, more and more often people decide to have a momentary break. One because of a lack of banking ability. Others because of their young age or lack of work. Always remember that the borrowed money sooner or later has to be repaid. Skipping even one instalment means very high interest rates.

Why do companies offer free loans?

Most people with understatement look at these possibilities. What's the point of borrowing money with zero interest? How can it pay off for the company? The explanation is very simple. Few people are able to give a loan on time, and then (most often) it is already at a high interest rate. The second reason is the creation of a borrower base. Once you've taken a loan, the company will encourage you to take another one.

Free loans, whether they are unemployed, indebted or under 18 years of age, were created because of the great competition on the short-term loan market. In order to gain a client, companies started to offer the first loan free of charge. It seems that this option is well established in the short-term lending offer.