The family 500+ program quite significantly changed the financial situation of many Polish families. The relatively low level of remuneration in our country means that even in the case of two full-time spouses, the financial situation of the family and the home budget do not always look colorful. An additional $ 500 per child raises the family budget. Today, however, we will deal with an issue that many program beneficiaries are considering. Can I take a loan for 500+?
500+ and the mortgage
Funds disbursed under the 500+ program should be intended to meet the needs of children. One of these needs can certainly be the purchase of a new, larger apartment. An additional 500, 1000 or 1500 zlotys actually increases the creditworthiness of an average-income marriage to the amount that allows you to buy an apartment.
Can I take a 500+ mortgage? Unfortunately, most or even all banks do not treat the income derived from the family program as an additional advantage. Even if we think that the program itself will be maintained by subsequent governments will last for several decades, the problem lies elsewhere. Mortgages are for 20, 30 and more years. In the meantime, children who receive family benefits will become adults.
500+ and a cash loan
Can I take a loan for 500+ when it is a cash loan with a repayment period much lower than in the case of a mortgage? In this situation, banks can actually consider the benefit as a stable family income and include it in the analysis of creditworthiness. However, it should be remembered that in extreme situations, the service will not help much. Banks have a very restrictive policy towards their potential clients. Families for whom, for various reasons, 500+ is the only income, or at least the only one that can be documented, can hardly count on credit. Is there another way out of this situation?
Can I take a loan for a 500+ in a non-bank institution?
The answer to the question of whether you can take a loan for 500+ does not have to be negative. In addition to traditional banks, there are also proven lending institutions operating in the non-banking sector on the Polish market. You can apply for this type of loan even online, by choosing the amount of interest and a convenient loan repayment period. Many lenders are interested in real household income rather than solely on an indefinite employment contract. 500+ benefit is no exception. In this way, a much wider group of consumers, including those most in need, gain access to beneficial financial services.
Marcel is one of the trusted loan institutions that has helped hundreds of thousands of Poles over the past 10 years. To apply for a 500+ loan, all you have to do is fill out a friendly application online, providing basic information on your income and expenses, choosing the terms of the loan. The decision will be made instantly and the money can reach the client’s account in just a few minutes.