Utang Loan offers two types of loans: a special-purpose loan with an advantageous interest rate or a non-purpose loan using anything. What are the parameters of each loan and what is it worth to use as a car loan ?
If clients need money to finance a particular thing, they only need to tell the bank what they want and get 2 percent less interest than a standard loan. They can easily arrange the loan at a Utang Loan branch or leave their telephone number on their website and the bank will contact them. Those interested in a loan can apply for 20,000 to 2.5 million crowns with a maturity of up to 10 years. The loan can be obtained without collateral and clients can change their installments over time. They can take out insurance against inability to repay for the loan.
Applicants must submit an invoice or purchase agreement to the loan application from the item they wish to take out of the loan. In addition, they must provide proof of identity and income statement confirmed by the employer. Alternatively, it can be done without proof of income – applicants can supply the bank with the last three statements of the account to which they are paid. If the candidates are also clients of the savings bank and they are paid to the bank, only the identity document is sufficient for them. The Bank assesses the applicant’s economic situation and its ability to repay properly.
A non-purpose loan can be used by borrowers not only to purchase a car, but virtually anything. They can borrow from 20 to 700 thousand crowns and choose maturity up to 10 years. The Bank will forgive clients the last 15 installments if they choose the longest maturity. Applicants can customize the installments as they need and can change them during the repayment period.
CS does not require a loan or proof of purpose. If the candidate needs a higher amount, he can be asked by the bank to invite another co-applicant. In case of sudden life situations, clients can arrange insurance. Loans can be arranged at a branch or online. After approval of the loan, they have money within 15 minutes of the account. If they change their mind within 60 days, they can withdraw from the contract.
As with a special-purpose loan, a single identity document is sufficient for the bank’s current clients to handle the loan. Otherwise, they will need proof of receipt for the document. Persons with a minimum age of 18 years, permanent residence in the Czech Republic and appropriate creditworthiness may apply for the loan. Clients do not pay any fees for keeping a credit account.