How are we doing? – secured loan terms
The loans are granted by Loan and Credit. based in Warsaw at al. Jerozolimskie 200 345, 02-486 Warsaw, entered into the Register of Entrepreneurs kept by the District Court for the Capital City of Warsaw Warsaw in Warsaw, 13th Commercial Division – National Court Register under the number KRS 0000643924, NIP 5223074239, REGON 365709589, share capital of USD 200,000 or a company from the Loan and Credit capital group.
Loan and Credit the broker provides financial intermediation services
For companies from the Loan and Credit group based on brokerage agreements and is authorized to perform factual and legal activities related to the preparation and offering of loan agreements.
The current list of cooperating companies from the Loan and Credit group is available here.
In the event that Loan and Credit acts as a financial intermediary, it does not charge the borrower for any actual or legal activities related to the preparation, offering or loan agreement.
If Loan and Credit acts as a financial intermediary
It receives remuneration from the lender for the activities performed at the conclusion of the loan agreement.
Loan and Credit. And companies from the Loan and Credit group operate on the basis of the provisions of Polish law specified in particular in the Civil Code and, if applicable, the Consumer Credit Act.
The actual annual interest rate (APRC) for a representative example of a loan granted via the Good Finance website is 57.73%, total loan amount USD 15,000, duration of the contract: 48 months, variable interest rate: 10% per annum; total cost of the loan USD 18,217.74 (including preparation fee USD 900, – fee for servicing the loan USD 295.5, – monthly – total USD 14,040.00, – costs of establishing the security USD 17, interest USD 3,260.74), total amount to be paid USD 33,217.74. The calculation was made as at October 10, 2017.
The authorized entity competent to settle the dispute arising from the Agreement between the borrower, who is a consumer and the lender is the Financial Ombudsman. Contact to the Financial Ombudsman and detailed information on the proceedings are available on the website. In order to resolve the dispute between the lender and the borrower who is a consumer, it is also possible to use the ODR internet platform available which facilitates out-of-court settlement of disputes between consumers and entrepreneurs online.