The year 2013 turned out to be a breakthrough moment in the loan industry. At that time, many companies offering fast online loans appeared. The increase in sales of new loans amounted to as much as PLN 900 million. It is from this year that non-bank loans have grown in popularity. The differences in obtaining a non-bank loan and a cash loan are still very visible. Loan companies require significantly fewer documents from their clients. To use a non-bank loan, all you need is your ID card, mobile phone and bank account. It often happens that we need to borrow an amount that does not exceed PLN 500. In a non-bank institution, we can get access to such funds even within 15 minutes, without leaving home. We cannot count on such a loan in the bank. They have moved away from granting loans for such low amounts, what is more, we have to wait several days for the credit decision.
Increase in the number of customers from the non-banking sector
As estimated by the Credit Information Bureau, nearly 3 million people used the services of non-bank companies in 2015. These estimates are also confirmed by the data of the NatBank of Poland. The research that was carried out in autumn 2015 at the request of the NBP showed that over 12 months, about 10 percent. adult Poles, i.e. 3.15 million people.
The amount of loans granted is increasing
The Association of Loan Companies shows that last year the value of the non-bank loans market amounted to as much as PLN 5.1 billion. Compared to 2014, this value increased by over 24 percent. In the years 2008–2013, the non-banking sector doubled its value from PLN 1.5 to 3.1 billion. It is estimated that in 2016 growth dynamics will slow down slightly and will be around 18%
The non-banking sector is growing in strength, and consumers themselves are increasingly aware of the market situation and their rights. Debts are becoming less frequent. From the report prepared by KPF in cooperation with the SGH Institute of Economic Development on the consumer finance market for the first quarter of 2016. shows that as much as 62 percent. among indebted households there is no problem with paying off their liabilities. These data show that Poles are cautious about financial decisions. We analyze our financial capabilities and only on this basis do we choose the parameters of loans. Thanks to this, we minimize the risks associated with the use of additional forms of financing your needs.