Category: Uncategorized

Start-Ups: Financing Start-Up Preparation

 Every startup starts with a good idea. The exciting question is: how can the idea be used to develop a promising business model? What does it take to realize the idea?

The time and financial expenditure for innovative technology-oriented
Start-ups is large and can range from a few months to several years. The costs for one’s own livelihood, for employees, consulting, technical equipment and material are correspondingly high. The Federal Ministry of Economics
therefore supports start-ups during the pre-seed phase with grants and know-how.

Both the funding program “EXIST – Business Start-Ups” and the “Founders’ Competition – Digital Innovations” play an outstanding role here

EXIST – business start-ups

EXIST is aimed at (former) university graduates, academic staff and students who have developed a promising idea as part of their studies or promotion. From this idea to develop a viable business model with a marketable product – it helps EXIST.

For technology- and knowledge-based foundations: EXIST founder scholarship

In 2016, there was something to celebrate: the 1,500. EXIST founder scholarship since 2007 went to “”. The spin-off of the University of Würzburg is developing services for municipalities to integrate refugees into the labor market more quickly and accurately. In addition to training for volunteer “job coaches”, the placement can be supported by a special software. And that is exactly what EXIST is all about: the business model must be based on an innovative technology-oriented or knowledge-based idea. This must be clear from the application made through the university or research institution at Projektträger Jülich. “In addition to the innovation and the necessary scientific and technical competence, business management and entrepreneurial skills play an important role in the team as well,” emphasizes Dietrich Hoffmann, head of company formation at Projektträger Jülich. Therefore, the founding team in the application must state whether and to what extent it covers this area of ​​competence. “A common mistake is too volatile a competitive analysis,” stresses Dietrich Hoffmann and adds: “In particular, potential offers from competitors must be taken into account in order to differentiate themselves clearly, because without adequate USPs and clear customer benefits EXIST applications are not eligible.”

Those who receive an EXIST startup scholarship have twelve months to fully concentrate on their start-up preparations. In doing so, EXIST not only provides a subsidy to secure a livelihood, but also offers a budget for material expenditure and coaching services. In general, know-how and networking play a decisive role in EXIST. This is ensured by the founding networks of the universities, which not only offer the founding teams premises, but also provide advice and assistance.

For research-based start-ups: EXIST research transfer

For research-based start-ups: EXIST research transfer

It takes time and money to develop and launch sophisticated and innovative research results into marketable products or processes. More specifically, it is about several years and one to two-digit million-euro amounts. Nevertheless, it can be worthwhile in many ways, as a scientist to venture a “career” as an entrepreneur. Help is provided by EXIST research transfer. The extensive funding supports outstanding research-based start-up projects, which are associated with complex and risky development work. “The aim of EXIST research transfer is to translate scientific results into technical products and processes, to work out the business idea based on them into a business plan and to prepare the planned business start-up”, says Dietrich Hoffmann, head of the project management Jülich, who runs the EXIST program for the BMWi implements. “In the second phase to carry out further development work, measures to commencement of operations and laying the foundations for an external corporate finance are in focus.”

The start-up teams receive grants for up to three years to finance their own livelihood, as well as personnel and material expenses. In addition, the founders can use the infrastructure of their university or research institution and are specifically prepared for their future role as entrepreneurs through events and personal counseling sessions. EXIST founder scholarship and EXIST research transfer are co-financed by the European Social Fund.

(Source: GründerZeiten extra, BMWi, Berlin)

You might also be interested in these articles:

  1. Start-up financing – Support for technology-oriented start-ups
  2. Start-ups: financing and venture capital
  3. Six landmarks for business start-ups
  4. Start-ups: Seed phase: Financing the start of a company Part 1
  5. Start-ups: rounds of financing after phases

This entry was posted in Funding and tagged funding from Bert Mangels . Permanent link to the entry .

A Loan for a Wedding and A Wedding Ranking Of The Best Offers


The list of wedding expenses is impressive:

– payment for the wedding hall

– costs of celebrations in the Church

– photographer

– musical setting

– wedding rings, wedding dresses

And many others. Everything depends, of course, on the “momentum of the wedding”. We have adopted the following assumptions for our ranking:

  • A wedding loan in the amount of PLN 40,000
  • Repayment within 4 years
  • The possibility of early repayment



1. Inbank – new

  • Monthly installment PLN 999
  • In total, we give PLN 47 983
  • All over the Internet
  • A bank statement will be available

Submit an application

2. Kredyt iGotówka BGŻ BNP Paribas

2. Kredyt iGotówka BGŻ BNP Paribas

  • Monthly installment PLN 1074
  • In total, we donate PLN 51 552
  • Application via the Internet
  • The possibility of early repayment

Submit an application

3. T-Mobile Banking loan

3. T-Mobile Banking loan

  • Monthly installment PLN 1078
  • In total, we give PLN 51,744
  • All over the Internet
  • The possibility of early repayment

Submit an application

4. PKO Mini Ratka

4. PKO Mini Ratka

  • Monthly installment PLN 1166
  • In total, we give PLN 55 968
  • Full online
  • The possibility of early repayment

Submit an application

How we prepared the ranking

By compiling the list, we reviewed the offers of 17 banks. The winners were cash loans with the lowest APRC, and thus – with the lowest installment.

A wedding loan is not a special type of loan. It’s just a cash loan that we can use for any purpose – including the one related to the wedding and the wedding.


The procedure looks similar in all banks:

1) applying for a loan

2) verification of our creditworthiness

3) withdrawing money to the account

To examine our creditworthiness, you will need a certificate of employment and income or a bank account statement. Offers are available for people with a positive credit history at BIK.

Below are detailed procedures at individual banks:

1. Wedding loan in iGotówka

The loan is available entirely via the Internet up to PLN 20,000. In the case of a larger loan – the contract is signed at any branch of BGŻ BNP Paribas.

On the iGotówka website, using the sliders, we indicate the amount of the loan and the repayment period. We also choose the purpose of the loan: celebrations or current needs. It does not really matter.

We click on the “Simulation” button. We receive the amount of our installment, APY and the total amount to be repaid.

We are moving to filling out the application. We indicate the basic data in it. The contract can be concluded electronically (in the case of loans up to PLN 20,000) or in any branch.

2. Wedding loan T-Mobile Usługi Bankowe

– The loan is available entirely via the Internet. We fill out a loan application on the T-Mobile Usługi Bankowe website. We receive the initial loan decision while filling out the application.

– A T-Mobile consultant will be contacted by phone for verification. In the case of a credit decision, details of the courier’s visit to the contract are set.

– Payment of money to your account.

3. Wedding loan at mBank

The credit procedure is very simple and kept to a minimum. For clients of the bank (with an account in it) the loan is available even in 15 minutes.

Procedure for people with an account:

– We are applying for a loan. At the beginning, the system asks you if we are the Bank’s clients.

– We log in to our mBank online banking. The system will automatically indicate what credit we will receive without presenting any documents.

– Acceptance of contract terms in the transaction system. We indicate the amount of the loan and the number of installments.

– Payment of money – even 15 minutes after receiving a positive credit decision.



1. Is it worth taking a loan for a wedding?

This question must be answered by the Young Couple. There is no one answer, because everyone has a different life-material situation. On the one hand, we have wealthy people who do not have to take any credit, and on the other hand, who, without additional financing, have no chance for any admission.

A wedding loan has many good and bad sides. We decided to put it in order.

Pros of taking a loan:

– the possibility of organizing a wedding and a wedding “from dreams”

– a chance to invite more guests

– we use better times

– we choose a better wedding hall

– afford exceptional photos

– decent musical setting: DJ, band or orchestra

– tastier food

– better alcohol

– we can repay part of the loan immediately after the wedding

– no one denies money given to the wedding

– possibility to rent a limousine

– better wedding dress and suit

Why it is not worth taking a loan for a wedding

– we enter into a marriage with debt

– the wedding and the wedding lasts a maximum of 2 days, the loan is repaid much longer

– in the opinion of some people, it is better to do a smaller wedding, but with own resources

– we take a loan for a wedding more

2. A civil or church marriage loan?

Some of you wonder if the type of wedding has any meaning from the perspective of the loan. Well, there is not. The loan is available to both those preparing for a civil wedding and the one in the Church.

In practice, civil marriages cost a little less, because the expenses related to the Church go away: the priest’s payment, flowers, organist, etc.

3. What exactly can you spend your wedding loan for?

We can use the money for any purpose related to the wedding and celebration. In practice, the most expenses awaiting honeymooners concerns:

– wedding hall (remember about booking costs)

– wedding dress and costume for the groom

– payment for a priest and organist

– flowers in the Church

– wedding rings

– wedding invitations for guests

– photographer

– alcohol

– A DJ, band or orchestra

– gifts for parents of the bride and groom.

The honeymoon is usually financed from wedding gifts ?

4. Forum wedding loan

On the forum you will find a lot of useful information about the wedding and how to finance it. Many people wonder if it is worth (analysis is included in point 1) and what are the requirements.

Some users emphasize that despite all this is a good idea, because the spouses learn to manage the budget and are not dependent on the help of their parents.

More information directly on the forum:


– Ś


4. What about the loan for an apartment before the wedding

Many people wonder what the subject of housing loan before marriage looks like. If we are not married, we simply join the mortgage loan as unrelated persons. The bank may demand repayment from any person in accordance with the loan agreement.

Subsequent entering into a marriage does not change anything in relation to the bank. We are still jointly and severally liable to repay the loan. The situation does not change at the time of divorce. The bank is still expecting repayment of debt from each spouse. The solution is to rewrite the loan for one person (provided that he has creditworthiness) while relinquishing ownership of the property by the other party.

5. Wedding loan – early repayment

In each proposed offer, it is possible to repay the loan faster. You must always inform the Bank about such an intention. Otherwise, the banking system “will not notice” the overpayment of the loan, and instead we will receive a prompt regarding the unpaid loan installment.

Early repayment of the loan in iGotówka

Each time, please contact the bank’s hotline at: (22) 566 93 00. The employee will show us the exact amount of the loan as at the repayment date.

6. What form of financing for a wedding and a wedding should you choose?

On one of the portals for future honeymooners, we found the following suggestions for wedding money:

– using the debit card limit

– use the credit card limit

– taking a payday loan

Unfortunately, these are not the best financial proposals. Please remember that the repayment of the credit limit on the card is a very expensive form of the loan.

It is even worse in the case of payday loans. In most companies, we have to give back money after 30 days. There are loan companies in which we can spread the repayment on monthly installments, but the APRC is usually above 100% and is several times higher than the APRC in presented loans in banks.

7. A cash loan for the wedding

Is a wedding loan a different product than a cash loan? No. A wedding loan is only a description of the purpose of a cash loan. Some banks require an indication of the destination of money from the loan, and some clearly indicate that the loan is for any purpose.



Many future spouses are not fully aware of all expenses related to marriage and wedding. Here they are:

– rental of the wedding hall

– wedding hall decoration

– wedding and wedding invitations

– wedding rings

– wedding dress + dress for correction

– costume for the groom (suit, tuxedo, tailcoat)

– footwear (even two for the bride)

– veil

– dance course

– wedding cake and other cakes

– hairdresser

– payment of the church and the priest

– flowers for the Church

– flowers for witnesses

– organist

– wedding gate

– photographer (for the wedding, wedding, correction and session)

– A DJ or band

– alcohol

– gifts for parents of the Bride and Groom

– limousine rental

– bellwether

– payments at the Registry Office (copies of the marriage certificate)

– accommodation for guests

– transport of wedding guests

– gifts for guests

– wedding attractions: fireworks display, balloons etc.

Remember that wedding expenses are spread over time. For part of the things we pay a lot before the wedding, for the part “in the course”, and some only after the ceremony.

The wedding itself is boldly planned and prepared often two years before the event itself. No, it’s not a joke ? The best wedding halls have all the dates taken well in advance.

Representative examples

1. iGotówka BGŻ BNP Paribas

APRC for a promotional cash loan in the amount of PLN 4,400, granted for 39 months, interest-bearing PLN 9.90%, with a commission of 4.99% and insurance 7.99% from the loan installment – as at June 26, 2015, it is 19, 55%. The total amount to be paid: PLN 5,865,69, loan installment: PLN 150.41, total loan amount: PLN 4,400. The condition for obtaining the interest rate of 5.90% per annum is to grant a loan (requested by the Internet) for over PLN 25,000 for a period not longer than 24 months and to conclude an insurance contract (A3 Package).

2. T-Mobile Banking Services

Total loan amount: PLN 5,879 (without credited costs), APR 12.80%, fixed interest rate: 4.90%, total payment: PLN 6 458.02, total cost PLN 579.02 (including: payment preparatory: PLN 0, interest: PLN 243.43, life insurance cost PLN 33.559), 18 equal monthly installments in the amount / after: PLN 358.78. The final loan terms depend on the customer’s creditworthiness, the date of the loan’s disbursement and the payment date of the first installment. Terms of the offer: as of 20/07/2015. Interest rate 4.90% and commission 0.00% refer to a loan with life insurance granted for an amount not exceeding PLN 50,000 repaid in a maximum of 24 monthly installments. Detailed terms and conditions of the promotion are set out in the Promotional Regulations “Pożyczka na 4.9%” available on the website

3. mBank

A representative example for a cash loan granted under the “Allow yourself for more” promotion: nominal interest rate variable 8.49% per annum, total loan cost PLN 3789.07 (including loan commission 15.99% of the total loan amount) , total loan amount PLN 10 311, the real annual interest rate on the loan is 17.97%, duration of the contract is 47 months, the total amount to be paid 14 100.07 PLN, 47 equal monthly installments of 300 PLN – drawn up based on own information of 16/09/2015

Bad credit debt consolidation loans for the fighter in you

Same day bad credit loans, they are small but very useful cash advances that are sanctioned and paid in a single day. These loans are offered without any unnecessary credit checks.
When you talk to your lender about your financial difficulties and ask for help, they refer to a non-profit company (these are debt consolidation companies, disguised as a lamb). Non-profit sounds very noble. You go for it and put your life in their hands. They offer financial education, debt counseling and debt management. You have heard everything, but hope for something extraordinary.

Cheap loan

Cheap loan

Now the question arises is, how can we recognize the loans that are cheap. As for the concept, the financial support of charging less interest rate is called cheap. But then the next question arises; There is a stable and basic rate, based on which we can measure speed. In fact, as there is no scale of a measure to check whether, the loan is cheap or not, the term low-cost loans is in itself something based on imagination. But one thing is possible here. The customer opting for loans or such monetary helps can analyze various loans available on the financial market.
The possibilities with these types of finances are unlimited. In addition to these types of finances, you can also make use of an unsecured bad credit personal loan. With these types of finances, it is not necessary to go through any credit check. There is no paper work involved too. It is very easy to take advantage of these finances.

Low-cost deposits

Low-cost deposits

When Bankigu rolled out operations in 1895, it chose “stability” as its telegraphic address. He had to move house from Lahore after the partition, and he lost 33 percent of his branches and 40 percent of his deposits. Now, 115 years on, Bankigu is the second largest Indian state bank (after SBI). Its net profit was Rs 3,905 crore in 2009-10, up 25.4% compared to the previous year. The operating profit for the period amounted to Rs 7, 326 crores, up by 28.8 percent.

SBI and associated banks have distinct identities, but they are ubiquitous as a group – from home loans (up 31.7 percent to Rs 71.193 core in FY10) of corporate finance to government affairs. However, the biggest positive going for SBI is its low-cost deposits.

For cheap personal loans in the UK, you need to offer any of your assets as collateral to secure the loan amount. It can be your home, real estate, car or other valuable assets. Any deferral in repayment of the loan amount will give your lender all the right to take over your assets. So, you need to be very careful with the UK’s cheap personal loan repayment program.

The Appointment Is Renewed With the Top Management Forum



On November 22nd 2018 the 12th edition of the Top Management Forum organized by Knowità will take place at Villa Castelbarco (Vaprio D’Adda, Milan).

The Forum is the annual meeting reserved primarily for the members of the Club Knowità or potential ones, that is Entrepreneurs and Top Managers “innovators and visionaries” who believe in the value of confrontation and wish to actively contribute to the development of their organizations, making their experience available. .

The meeting will see many high-profile business leaders and keynote speakers as protagonists, all belonging to the national and international entrepreneurial and managerial fabric, who, in order to offer that “From Vision to Execution” union that characterizes the Forum, they will describe the profound changes that the transformations underway will bring about, in the desire to provide stimuli and suggestions that lead to a new way of acting and help us think about how to overturn conventional schemes.

In the morning , in the Plenary Session, with the aim of inspiring the participants and supporting them in the context of their strategic reflection process, they will illustrate what the businesses of the future will be, how it can be organized and what the priorities of the company of the future will be , what skills will be required from the leaders of the future. Among the speeches: Daniele Agiman, Conductor; Bruno Marion , Futurist, Author and Speaker; Ilaria Maselli , Senior Economist, The Conference Board; Riccardo Pittis , Former basketball player and Performance Coach; Massimo Tammaro, former Commander Frecce Tricolori.

In the afternoon various Parallel Sessions will be held, unique in their interactive approach oriented to execution, organized in discussion tables and based on content lines that reflect the business priorities and the challenges that companies face.


Payday Loans Redundancies and Pension Cuts


A reversal of the thousands of redundancies paid by the minimum wage and an inevitable lifting of the personal gap from 2020 marks the developments in the labor market.

As the “P” has written, from March there will be an increase in redundancies as businesses will take a proactive reduction in staff because they can not withstand, after over-taxation and over-taxation, the new burdens stemming from raising the minimum wage to EUR 650 and abolishing the sub-threshold. January’s data are extremely worrying and reinforce the European Commission’s predictions that this year’s Gross Domestic Product Growth will be 2% and not 2.5% as estimated by the government.


Redundancies and Pension Cuts


According to the “X-ray” of last month’s data, flexible forms of work are increasingly being strengthened, making it a powerful signal for redundancies in the private sector due to the increased minimum wage. According to the “ERGANI” system, last month’s performance was the second worst performance since 2013, with 22,333 jobs lost and part-time employment at 53.24% in new recruitments (46.76% in full-time contracts employment). It is worth noting that in 2014 the new full-time recruitment was at 54.47%, when Greece grew to 0.5% growth this year after six years of recession!

The figures for the past five months show a worrying rise in part-time work, which will lead to fatal lesser full-time recruitment from March when the tourist season begins. Unless the … fatal happened in 2015, then full-time wage flows would be spectacularly higher today than flexible forms of work. At this stage it appears that tax and tax incentives have played a key role in the image of business and employment.


Pension “Mowing”


Pension "Mowing"


The spectacular overthrow of labor relations fatally leads to dominoes in pensions, where it is a matter of time to reduce to 1,400,000 current beneficiaries, who have a personal difference.

The … revelation of fraud and apparent memorial euphoria will happen in 2020, so it is extremely difficult to maintain the personal difference for 60% of retired people. It is noted that the overrun of the target due to bank foreclosures allowed the postponement of the measure for one year. Besides, there has not been any law in the House that would cancel the previous one, which would be a cause … of a war for the lenders.


Redundancies and Pension Cuts


According to experts, the pressure on the insurance system will increase as fatigue arises in the collection of seizure income while, on the other hand, the slowdown in the income flow from employers ‘and workers’ contributions is further reinforced by the fact that hundreds of thousands of borrowers in the “red zone”. An additional point to be made in relation to the objectives of the Medium-Term Program is that at the end of 2018 unemployment should be at 15% and closed at 19.5%!

The big problem for the Insurance Policy, which will soon be seen, is that, due to the inability to attract large-scale capital, the full-time trend of flexible forms can not be changed. Indeed, as reported by ND Labor Party Worker Giannis Vroutsis, 1 in 3 is paid a salary of € 319 per month, while human brain drain continues abroad. According to all indications, the next government will have little room to intervene to “freeze” the abolition of personal dispute, which comes as a natural consequence of the criminal policy that followed in 2015.


How To Get A Loan – Super Loans


From time to time, we need each one of us the need for money for unexpected expenses such as house repair, unexpected bills, medical expenses, school expenses, or any other reason you think. Where are you going to get money for these unplanned expenses? Non-bank loans are available almost immediately, and thanks to a recent amendment to the Consumer Credit Act, you can be sure that you will not come across a loan shark.

My bank

My bank



The first thing you usually think of and where you are trying to get a personal loan is a bank or a credit union. You have the impression that they could give you a loan based on your history, so you don’t see the problem. Personal loans from a bank or credit union usually do not have extra requirements or need for guarantees, and so it seems very easy to obtain them. Usually, you only get a loan for insight into your existing banking history and, possibly, for previewing one of the banking registers like SOLUS.

Non-banking companies


If you fail another option in the bank that comes to you for a loan, it is a company offering non-bank loans. There are many companies that lend you. Usually you have to accept a higher interest rate, but if you have a job and usually reside, you will usually be approved. This is a good option if you can’t get a loan from a bank or credit union, but you need to be a smart consumer and not be afraid to ask about terms. You should know the interest rate, loan length and monthly or weekly payment. Also ask for penalties due to defaults or the ability to take out insurance against the ability to repay.

Are there other options?

Are there other options?

There are other options if the above two options are unattainable for you. Certainly at home you will find something you can do for a short while and take it to a pawnshop and get a loan. It will be a higher interest rate, but if you don’t have other options, it’s a good choice.

There are times in your life when you need extra money for unexpected or unplanned expenses. It is always best to plan ahead and have this money on a savings account, but sometimes it is not possible.


Private Loans – How Not To Be Fooled? Offer and Opinions


`Where did private loans come from? In a model situation, if we need additional money, we go to a bank or loan company. In practice, many people have a negative credit history (delays in paying off other liabilities) and can forget about the loan.

This is when we start looking for popular “loans without BIK”, i.e. offers from loan companies that either do not verify in debtors’ databases or accept arrears.

Unfortunately, many customers even in such companies will not receive a loan. A court bailiff, low creditworthiness or over-indebtedness are standing in the way . That’s when the frantic search for “private loans” begins as the last resort.

Private loan – (after) what is it?

Private loan - (after) what is it?

Let’s start with the definition. A private loan is a loan that is not provided by a bank or loan company , and by private lenders often called “investors”.

In the sense of a broad private loan, it can also be from people close to you – family members or friends. However, in this case the risk of any fraud is negligible. The main threat is private loans over the Internet provided by people unknown to us.

For whom private loans


In the current opinion, private loans are available to indebted persons and without verification at BIK . What does reality look like? Private investors may actually not check clients in any databases, such as Credit Information Bureau or KRD.

But there is nothing for free – in exchange for accepting a bad credit history, the lender will ask for high interest rates, commissions or fees , and above all, additional collateral in the form of movable or immovable property.

The same applies to the lack of creditworthiness. It even happens that a private investor accepts the lack of employment of a potential client. However, this does not result from a “good heart”, but rather from solid security. In the case of non-repayment of debt (depending on the contract and security), it can be quickly satisfied by:

1) acquisition of movable / immovable property

2) demanding repayment from the guarantor

3) refer the case to debt collection

4) transfer the case to the court and then the court enforcement officer.

What is worse, private investors pay very much to debt enforcement . In the case of even a few-day delay in repayment, we can expect a phone call from debt collection and even meeting eye-to-eye with an employee of the field debt collection. It is also not uncommon to visit the workplace, frequent telephone calls and text messages reminding you of repayment.

Very high risk of fraud

Very high risk of fraud

Before we get any private loan, we’ll have to search our offers. Most often this is done via the Internet, where “private investors” mainly advertise.

Unfortunately, many of these ads are attempts of fraud . What is it about? Most often offering a fictitious private loan, the fraudsters only want to extort the initial, preparation or handling fee – often via SMS. The most-famous case is the story of “Pomocna Pożyczka” from the Tri-City. Her owners are waiting for a sentence in custody, and it is estimated that the company has cheated nearly 70,000 people!

Another way is to charge too high interest, commission or other fees that exceed the maximum loan cost specified in the anti-usury law.

For many scammers, quick private loans are also a way to take over the assets of a person who decides to make such a product and is unable to pay off the debt. It is about situations in which the loan is secured by real estate (flat, house, plot) or movable property (car, tractor, machines). The security itself is not prohibited and is often used by the banks themselves. The problem arises when the lender uses the client’s involuntary position and forces him to sign an unfavorable contract that assumes “an incommensurate mutual benefit”. This behavior is referred to as usury and is punishable by imprisonment for up to three years.

Another method of cheating is to scam personal data . Mainly it’s about name, surname, PESEL number, e-mail address, address of residence. The fraud may take a different form, but the assumption is one – the “investor” does not intend to grant any loan, it is only for our personal data. For this reason, his offer looks so good that it is hard to believe. What are our personal details about the fraudsters? In the best case, we will be attacked with loan offers (e-mails, SMS messages). It may happen, however, that the fraudsters will want to take out a loan themselves – this time using our data.

Private loans – how not to be fooled?

Private loans - how not to be fooled?

We mentioned that private loans are treated by many people as the last resort. The most important thing, however, is that such a transaction would not be the proverbial nail for the coffin. What should we pay attention to when deciding on private loans?

1) Private loans should be a last resort

Each loan should be a last resort, especially from private investors. It is known, however, that no one without a difficult life situation decides to take such a step. Before signing a contract, it is worth checking out other ways to get out of debt or look for a loan, for example in a family.

2) We determine who is the investor

The most important thing in the case of a private loan – we check who gives it. Verify all available data, that is:

– name and surname of such a person

– PESEL number

– number nip

– address and registered office of any activity.

If we have a problem with determining the basic data (or data arouses our suspicion) – it is worth withdrawing from such a transaction.

3) We check the investor by first and last name

At the beginning it is worth checking who is the person who wants to give us a private loan. Thanks to this, we will determine if such a person really exists (in today’s world, we should find any information on the Internet).

In addition, it is worth checking if such a person is not in the CEiDG register, ie the Central Information on Economic Activity. CEiDG is a government base in which we can find natural persons running a business. The check is free and takes place entirely via the Internet via the website.

4) We check the list of KNF warnings

For safety, check the list of public warnings prepared by the Polish Financial Supervision Authority. The list is available for free on the Internet at:

The warning of the Polish Financial Supervision Authority should be checked in terms of: the name of the investor and the address of potential operations.

5) We check the investor by NIP, REGON number

In theory, private loans are provided by people who do not run a business in this area. However, if the investor, while offering a loan, also indicated REGON or NIP, it is worth checking it in the CEiDG database. If we do not find such an entity – most likely it is an attempt to cheat.

If the data matches – it’s worth checking this entity in Google search. Unfortunately, providing fictitious NIP and REGON numbers is not uncommon – on the Internet we encounter many pages, where the given data does not exist.

6) We check the opinion about the lender

If all the data is correct, it is worth checking the opinions of the lender / private investor. We encourage you to read on the internet forums, where there is a greater chance to read real comments and opinions. On the other pages, most often we will meet with false opinions, made not by satisfied customers, but hired marketing employees.

Sometimes, a cursory check on the internet can give you an answer if you do not have to make a cheater.

7) We do not pay any initial fees, commissions before concluding the contract

One of the most important rules for borrowing from unknown people. Interest, handling fees or commission are normal costs associated with granting a loan or a loan. The problem arises if the lender requests such fees before signing the contract. In this situation, it is most likely a simple fraud.

In this way, we can lose from several dozen to even several thousand zlotys. How do scammers work? Most often they promise a low-interest private loan to every customer – even without creditworthiness or a negative credit history at BIK. The condition is, however, to pay a “handling fee”, a fee for “drawing conclusions” or another. This is a clear signal to withdraw from such a transaction and not make any payments.

8) We read the rules and privacy policy of websites

Did you find an interesting loan on a dedicated website? Read the terms of service and privacy policy. In these documents we find the most important information about the subject who runs the website and is to be the lender.

If we do not find these documents on the website – it is worth letting go. We can also meet with the situation that the rules and privacy policy can be found on the site, but we do not find any information about those people who are behind it in these documents.

9) There are no free loans for over-indebted people

In economics, it is indicated that there are no “free dinners.” Similarly in the loan industry – we will not find any private loans, in which the APR is 0%. If any investor or private lender claims to offer a free loan – this is probably a phishing scam.

10) There are no cheap private loans

The cheapest loan can be a loan in the family – unless, of course, we agree with the family member regarding the financing conditions. We pay more for a bank loan, where APY is on average several dozen percent. Even more in loan companies providing loans online. And the most we will pay for private loans – especially for indebted people and without verification in BIK.

In other words – such a loan will not be cheap. The risk of borrowing excessively indebted people is very high. Since the person has or had problems with paying off other obligations, unfortunately this can happen again in the future. Investors know this very well, who must properly assess their product to compensate for the insolvency of other customers.

What instead of private loans

What instead of private loans

Instead of risking looking for a private loan with an “investor”, it is better to use selected non-bank companies that provide financing on better terms. What is important – part of the loans is also available for indebted people, entirely on the Internet and without certificates.

1. Rapida Money

  • Amount: from 2,500 to 2,500 zlotys
  • Repayment: from 12 to 60 months
  • Acceptance of negative history
  • All over the Internet
  • No income statements
  • APRC 62.41%

Submit an application

The best offer on the market. Rapida Money grants loans to indebted persons, accepts even court bailiffs. The repayment security is the guarantor who should join us with the contract.

2. Hapipożyczki

2. Hapipożyczki

  • Amount: from PLN 800 to 25,000
  • Repayment: from 3 to 48 months
  • All without leaving your home
  • Possibility to repay after 2 months
  • Minimal formalities
  • APRC 9.8%

Submit an application

One of the cheapest online loans available on the market. The company does not require any security, and we’ll do all the formalities without leaving your home.

3. MoneyGuru

3. MoneyGuru

  • Amount: from PLN 100 to PLN 10,000
  • Repayment: from 3 to 24 months
  • Money even in 15 minutes
  • A loan for any purpose
  • High acceptance of applications
  • APY: from 0% to 1971%

Submit an application

MoneyGuru is a financial intermediary who helps in choosing the best installment loan. A proposal for people with negative credit history. No initial fees.

Representative examples:

1) Rapida Money

A representative example: you borrow 25,000 PLN for 48 months, paying 1204.12 PLN per month, the total amount to pay 57 797.60 PLN. Commission for the loan: PLN 25,000. Fixed interest rate: 10%, APRC: 62.41%

2) Hapipożyczki

The Actual Annual Interest Rate (APRC) for a representative example is 9.80%, the total amount of the loan (without crediting costs) is PLN 9,200, and the annual fixed interest rate is 0%; the duration of the contract – 36 months; the amount of monthly equal installments: PLN 294.20; total amount to be paid PLN 10,591.04, total cost of the loan PLN 1,391.04 (including: total interest – PLN 0, commission PLN 1,391.04). The calculation was made on 06/09/2018.

3) MoneyGuru

A representative example: The actual Annual Interest Rate (APZ) is 510.4%, the total loan amount is PLN 1000, the total amount to be paid is PLN 1331.70, including: PLN 325 commission, interest PLN 16.70), duration of the contract: 3 months.