Stork Loans – One of the most popular non-bank long-term loans

It is time to present another company providing non-bank loans, the name of which should be perfectly known to those seeking such loans. The stork, like the Nominent company, has been operating on our domestic market for over a dozen years.

And although Nominent has recently made a number of interesting facilities towards the customer in the form of even monthly installments or raising the limit of loans, the offer of Stork has been unchanged for several years.

How much will we borrow in Stork?

How much will we borrow in Stork?

The offer currently includes loans from PLN 300 to PLN 6,000. The loan can be combined in a weekly cycle, so we repay the loan installments once a week on an agreed date and time            (similarly to the Nominent offer in the home option). The loan repayment period can range from 18 to 62 weeks.

Cash or Bank Transfer?

Cash or Bank Transfer?

Similarly to the Nominent, there are two repayment options, namely Cash in the form of repayment of loan installments with us in the flat, for which a company employee will report every week and a bank transfer by means of which you can pay the weekly loan installments, transfer both online and in the post office or in a bank.

Borrow costs.

Borrow costs.

Of course, these two options differ mainly in terms of costs and, as you can guess, the Cash option will be much more expensive to pay. Below we will show this on the example of a PLN 2000 loan with a repayment period of 62 weekly installments.

Cash option: weekly installment: 73.55 PLN, total for repayment: 4560.1 PLN
Transfer option: PLN 44.59, in total: PLN 2764.58

As you can see, the difference is colossal and if borrowing in the transfer option is quite profitable as for a non-bank loan and with a relatively long repayment period (over 1 year), the cash option is not an offer worth recommending due to costs exceeding twice the amount borrowed.

Leave a Reply

Your email address will not be published. Required fields are marked *