In 2014, the Polish Financial Supervision Authority issued Recommendation S , according to which Polish banks are to grant loans in the currency in which the client receives income. This is to minimize the risks associated with changes in exchange rates. However, in the end, the banks either do not provide the above services or set very high requirements for potential clients. That is why it is worth comparing their offers as accurately as possible.
Requirements set by banks
In order for an application for a loan in Poland to be considered positively, a person working abroad should prepare: a contract or contract, income certificate, tax return or list of payments to the account. If the bank requires all delivered documents to be in Polish, they should be forwarded to a sworn translator in advance.
It must also be taken into account that specific expectations regarding the amount of own contribution, creditworthiness and even form of employment must be met. If it is impossible or the bank does not grant loans in the currency in which the salary is paid, it is worth trying to get a second borrower who receives a salary in PLN. Usually, a spouse, partner or other family member is considered.
How to increase your chances?
Getting a loan from a bank operating in Poland while living and making money abroad is not an easy and quick procedure. However, if you use the help of a professional, independent financial advisor, then the chances of not only getting a positive credit decision but also of obtaining really favorable conditions increase. Our company specializes in, among others in matters regarding loans with income abroad. The services we provide are free.
When looking for a loan, you will come across many small problems. They are of course to be solved if you know what you want and what you care about and in addition you know a little bit about banking products. However, if you are not the best in these blocks – contact an expert. Such a person knows his stuff very well. It will relieve you. You will save time, nerves and money. And you will get the best loan on the best terms.