Croats are becoming less and less indebted as a result of GDP growth after a longer recession. Finally, the repayment of existing loans came. A good portion of them managed to close their loans after they went belly-breaking for a promised country such as Germany, Ireland or Norway. Experts say Croats are paying off their debts, and part of them, one who is not on the verge of poverty, is even able to save money. It is mostly saved in local currency for fear of changes in the exchange rate.
However, borrowing money is not completely cared for, but refers to smaller amounts and a short repayment period.
It is primarily about quick loans, smaller loans and loans, and no-pledge cash loans that a customer can repay after a few paychecks. This is a consequence of a fast-paced lifestyle and the financing of unpredictable expenses such as sudden weddings, sudden trips or unplanned repairs on your home, apartment or car.
Therefore, options are sought without much paperwork and with minimal waste of time. Both banks and lending companies alike offer their customers quick cash withdrawals, but lending companies are at the forefront of doing business exclusively through the internet. In contrast, banks still do part of their work in branch offices, which means that the client needs to take the time to solve the problem.
What are pledge loans?
Croats want simple solutions to their monetary problems, so they rarely opt for pledge loans. The pledge implies that the customer guarantees to the bank or credit institution that the debt will be repaid. In this way, the financial institution ensures that it will settle its receivables by selling the pledge if the client ceases to pay the loan. The most commonly used pledge is real estate and movable property and valuable works of art. It makes it possible to pay off a loan or a larger loan and have a longer repayment period. But they are not a very popular solution for fear that the pledge may be lost. Non-pledged cash loans are more in demand because they do not pose such a risk.
Loans without pledge
No-pledge cash loans as their name implies, do not seek a pledge or guarantee that the debt will be repaid. It does not pledge real estate or movable property, but instead signs a contract committing the client to return the money on the agreed terms. Loan-free cash loans are usually related to smaller amounts of money and a short repayment period. The client takes them for just that, because the payment is fast and the application procedure for the same is easy.
Especially when it comes to credit houses, namely those with clients doing business online. This means that there are no crowds and waiting in long lines. Everything can be solved in just a few mouse clicks from the comfort of your own home. This type of service is popular with the younger population that uses internet banking and is accustomed to doing things via computer or cellphone. The documentation required to exercise the right to make a loan without pledge is minimal, and credit institutions, on average, require a copy of an ID card and current account card, and a pay or retirement list.
Banks allow you to apply for a loan without a pledge online, as well as some savings and credit unions, but the contract is still signed at the outlet only.