Good Finance is a comparison tool that lets you find various banking products in one place – loans, accounts, deposits and credit cards. With Good Finance you can easily compare offers and contact banks. As a team of analysts, we regularly check whether the offers are current, we suggest what to ask an advisor and what questions you can expect during a conversation with the bank.
We go through bank processes just like you do. We submit a request for a cash loan with the offer of interest in the cash loan ranking. Then enter your contact details and wait for a phone call from a bank adviser. What happens next?
Cash loan at Good Credit – I’m sending an inquiry and what next?
Before talking to Good Credit, prepare your ID card and think about how much you spend on a monthly basis that you cannot give up (these are called fixed expenses, i.e. fees for housing or bills). Make a note of information about your employer name, tax identification number, address and remember when you have been working with him. Also, have on hand the account number to which the bank should transfer the money to you.
When you answer the call, an advisor from Good Credit will ask you preliminary questions, including do you achieve stable income from min. 3 months in the case of an employment contract, min. 6 months in the case of a mandate contract and min. year for your own business. The adviser will also ask you if you are a bank customer. This has an impact on how your credit process will go on.
If you have adequate seniority and stable income
Then the adviser will propose you to complete the loan application. It takes about 10 minutes and you will hear questions about:
- first name and last name,
- PESEL number,
- Your family name,
- Your mother’s maiden name
- marital status,
- Place of birth,
- type of identity document (ID, passport) and its series, number and expiry date,
- e-mail address,
- Phone number,
- loan amount and period,
- do you decide on credit insurance,
- where do you live (house, flat, ownership, rented, with your family etc.),
- number of dependents,
- monthly maintenance costs,
- do you pay alimony or a pension to someone,
- information about your employer (legal form, tax identification number, address),
- what is the form of your employment (employment contract, commission, own activity),
- what credit products do you have or have you repaid in the past (installment purchases, credit cards, account limits, mortgage loans, payday loans),
- don’t you have bailiffs?
The adviser will then ask you for permission to investigate your credit history in credit databases:
- Credit Information Bureau,
- National Register of Debtors,
- BIG InfoMonitor,
- ERIF Register of Debtors,
- Bank Register.
In the next step, the adviser will ask you to stay on the phone and you will have to wait 1-2 minutes for the loan decision. The adviser will also offer you loan terms. It will read the installment amount, the cost of the loan and other parameters (APRC, interest rate, commission).
Credit insurance is not compulsory, but you can use it
If you want to secure loan repayment in the event of death, job loss or illness, this will be a good choice, but also an additional cost. Do you decide on a policy? The adviser will also ask you questions about your health, income and life situation.
If you accept the offer, the adviser will offer you the choice of installment repayment day and loan payment method. You can choose to collect cash at the branch or transfer it to your bank account. Apart from Bank E-Money, it is the only bank where you can collect money in cash. You will receive all the documents summarizing the conversation and the offer by email.
If you have not been a Good Credit customer before, you must go to any bank branch with an ID card and income documents. During the telephone conversation, the adviser will show you which documents will be needed and can arrange you for a specific date in the branch you have closest to. This will help you avoid queues.
You go to a branch of Good Credit Bank to sign the contract. You receive cash if you have decided to withdraw the loan in this way or you confirm the transfer of funds to your account.