Do you need a small loan up to USD 1,000 for emergency expenses? Do you want to have the funds in your account almost immediately? A good solution might be an offer from Good Finance! It provides loans from several proven companies. Who can apply for it? What does the process of applying for such funds look like? Do debtors have a chance? Advise!
Therefore, its activity consists not in borrowing funds, but in collecting applications, which it then sends to loan companies. The company’s goal is to provide the client with the best offer. The cash machine only offers online loans, and the service is directed especially to people who the bank has refused to grant a cash loan.
Is it worth borrowing via the Good Finance company? Opinions on the web are varied, so you should once again examine what Good Finance has to offer. Contacting the company directly is the best idea. However, before you decide on it, read our review!
How to take a loan from the cash machine?
The process in which the Good Finance loan will be granted is very simple and should not check your problems. How does it look step by step?
1. Set the loan amount and repayment time
First of all, you should use the sliders to choose the loan amount and repayment time. The convenient calculator available on the site will immediately tell you what the costs of contracting will be. So you will quickly find out, depending on your decision, the loan installment and the total amount to be repaid.
2. Complete the registration form
After confirming your choice with the “take a loan” button, you will go to the form in which you must provide all necessary data: name and surname, PESEL number and ID document numbers. Then enter the phone number, email address and password that you will use to log in to your customer panel. You confirm your willingness to take out a loan by marking the appropriate approvals. One more step awaits you.
3. Bank account verification
You verify the correctness of the bank account number provided by means of a transfer of USD 0.01. You can also use two other options: show energy bills from the last three months or send an account statement from the last thirty days.
4. E-mail confirmation of income
The next step is to send documents that confirm the receipt of regular income.
5. Wait for the loan decision and funds on the account
After completing all four steps, all you have to do is wait for the loan decision. If it is positive, the funds will be sent to your bank account.
Who can take a loan at the cash machine?
To be able to apply for a loan at Good Finance, you should meet all formal requirements. This way you have the best chance of making a positive decision. What are the conditions?
- You must be between 20 and 67 years old.
- You must have full legal capacity.
- You may not have negative entries regarding your financial condition in the financial records.
- You must have Polish citizenship.
- You must have a bank account, email address and telephone number.
If you meet all of these rules, you have a great chance of a positive loan decision.
Loan costs with cash machines
The great advantage of the services at Good Finance is the transparency of the loan offer. The loan broker makes no distinction in the terms of granting loans to new and regular customers. Everyone can apply for a minimum of USD 500 and a maximum of USD 1,000.
You can choose the repayment date from one to thirty days. The cash machine does not offer any discounts for new customers. You can’t get a free loan to start. Each commitment is charged with costs.
How are the costs for borrowing funds distributed via Good Finance? Let’s check it with an example!
If you borrow USD 500 for thirty days, the costs will be USD 132.70. What does it include?
- interest rate of 10%,
- commission equal to USD 40,
- variable remuneration equal to 5.74 USD,
- remuneration for the guarantor USD 85.
In total, you will have to donate USD 632.50
What is the client verification at Good Finance?
The verification of Good Finance customers is quite thorough. The company checks its borrowers in the MonitorInfo Economic Information Bureau. Thus, he has access to:
- National Debt Register,
- ERIF databases,
- National Bureau of Economic Information.
If you are in one of the registers, you have very little chance of getting a loan through this broker. The cash machine does not verify the BIK debtors base.
Loan repayment in Good Finance
You have a maximum of thirty days to pay back the loan at Good Finance. The exact deadline by which you must meet your obligations is based on your contract. You don’t have to wait for him. You can also pay back the loan earlier. This way you can avoid some of the costs. They will be reduced in proportion to the reduced repayment time.
What if you can’t pay the loan back on time? You have the option of postponing the repayment date by another thirty days. You just have to pay the current cost of the loan and the surety. It does not even require contact with a consultant. All you have to do is enter the client’s panel and press the “postpone repayment” button.
Loan at Good Finance – pros and cons
Good Finance is a company with extensive experience in granting non-bank loans. Using its services is a safe form of applying for funds. However, before you make the final decision to sign the contract, check the pros and cons of this offer.
- there is no verification in BIK
- relatively attractive loan costs
- the option of extending the repayment date by another thirty days
- transparent website
- transparent terms of the offer
- low maximum amount – only USD 1,000
- verification in BIG InfoMonitor
- the company is only an intermediary, it does not grant a loan itself