Monthly Archives : February 2020

How much do banks earn on cash loans?

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Over the past six years, bank fees for granting cash loans have increased almost fourfold. Interest on loans today is only a quarter of the total cost of credit. For several years in the Polish market, there have been low-interest rates. This meant that banks could not charge interest higher than 10% per annum. For comparison, in 2013, the interest…

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Cash loan – early repayment

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Early repayment of cash loans is a goal for many borrowers. Freeing yourself from your monthly commitment certainly improves your well-being and gives you some freedom. The moment we get extra money or our income increases and we have extra cash, the question arises. Is it worth paying off the cash loan in advance or overpaying the loan installments? Is…

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Banks create provisions for dollar loans and commission returns

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Banking reserves for general risks are created by the bank’s management board in relation to the recommendations of auditors and assessment of the situation in the financial sector and due to the socio-political situation (Article 130 of the Banking Law. Increasing reserves by banks always result in an economic slowdown and greater caution of the financial sector in investing and…

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