What conditions must be met to get a cash loan?

You probably found yourself in a situation where you urgently needed extra cash and your account was empty.

Suddenly your washing machine or the car broke down, you ran out of money for school layettes, holiday presents, or necessary medicines. What can you do then? Take advantage of a cash loan. Learn how to get it and what conditions you need to meet for the bank to lend you money

Who can get a loan?


The first condition to be met to get a cash loan is to have sufficient creditworthiness.

Creditworthiness is the ability to repay the loan (principal and interest) within the period specified in the contract.

The second factor taken into account by the bank is your creditworthiness, i.e. the history of repayment of obligations you have incurred. The bank will check whether you have paid the installments so far and what is the total amount of your debts.

If you have paid all your liabilities regularly and you have no delays in your account, you can be calm.

It will be information for the bank that you are a loyal and reliable customer and will be happy to sign a contract with you. You can check your credit history at the Good Finance Investment (GFI) – download the free report to be 100% sure that you have not missed any repayments.

Cash loan conditions

Cash loan conditions

To receive a cash loan, you must complete the necessary documents. However, you don’t have to worry about numerous formalities. In the case of a cash loan, the list of necessary documents is short and consists of two items:

  • a document confirming your identity – based on this, your data, age, and nationality will be verified. In the credit form, you will have to enter the data that matches those in the document.
  • income certificates – information about the amount of income you earn (along with the data provided in the loan application) will be the basis for assessing your creditworthiness. You will receive an income certificate from your employer.
  • If you are a pensioner, you should confirm this status by providing the last pension slip. The bank may also ask you for additional income confirmation, e.g. your bank account statements for the last three months. You will show that you are financially stable and receive a regular income. It is also possible to receive a loan for a statement – in this case, you alone declare how much you earn.

How much do you have to earn to get a loan?


No matter how much you earn, you can apply for a loan. Each bank independently sets the conditions for granting loans, and the customer’s ability to repay the liability is assessed individually. The most important criterion you must meet is adequate creditworthiness.

A person who has low earnings, but has no obligations and has repaid all payments on time so far, is more likely to receive a loan than a person who earns more but is in arrears with other installments.

Loan without earnings certificates

Banks are increasingly meeting clients’ expectations and also granting loans to persons employed under a mandate or specific work contract. Another beneficial option for people on low incomes is a credit without earnings certificates. Although the amount of such a commitment may be lower, it also requires fewer formalities.

Be sure to read the details of the loan you intend to apply for. First of all, compare products in different banks so as not to overpay in the world. Instead of browsing dozens of offers, use a simple calculator. Just enter

Find your loan

Find your loan

Choosing the right loan should depend on several key factors:

First, think about your purpose of lending (buying a car, renovation, repairing equipment, etc.).

Secondly, translate your intentions into your options – don’t borrow too much if you don’t really need that much extra money and you know you will have trouble giving it away.

Remember that you will have to give away every penny – and more than that. However, if you quickly need extra cash, opt for a cash loan. Simple procedures, quick credit decisions are its definite advantages.

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