Of course, the most popular money lending institutions are banks. A person applying for a loan will visit a bank branch first. If there is a refusal after the application, we usually apply for funding in non-bank companies. On the other hand, they treat customers less rigorously and those whom the bank refused have a chance just in non-bank institutions.
A loan for indebted persons without a guarantor can also be taken from a private individual. Both your friends and family members can borrow money to others. It can then be a loan for a promissory note that is granted from private individuals – not necessarily related to each other.
Loan promissory note – what is it?
The loan signed with a promissory note is security for both the lender and the borrower. Instead of filling out many documents, one is enough for all the necessary information regarding the financial liability.
On the Internet, we can find many offers under the slogan loan for promissory note, because almost anyone can give it. We hear more and more about cybercrime, so we must be especially vigilant in this type of enterprise. Is the promissory note loan secure? When should you look for her?
What must a promissory note contain?
The most beneficial private loan collateral is a promissory note. One document, which contains what normal civil law contracts, which are signed with standard payday loans or non-bank loans. What should a valid promissory note contain?
- document name – it must be clearly stated that the document is “WEKSEL” and not something else;
- date and place – i.e. the time and place when we sign a promissory note with the repayment date of the loan for a promissory note;
- personal data – name, surname, registered address, personal identification number and other information about the person who will pay back together with the lender;
- loan amount ;
- signature – at the very end there should be a clear signature of both parties to the bill of exchange agreement.
The above data is the minimum that should be on this document. The more details the better. If something on the bill of exchange is suspicious for us, it’s best to report it to lawyers or opt out of signing it.
We can also meet empty spaces at the bill of exchange. We are then dealing with a blank promissory note, which causes the biggest problems. If the field where the amount of the commitment should be left blank, at this point we should strengthen our vigilance, because we can be deceived. What else you need to pay attention to is described in the following paragraphs.
Loan promissory note – for those in debt
Due to the fact that the promissory note loan is granted from private investors, they often do not look at our debts. For them, what counts is what revenues we have at the moment. An entry in the BIG, KRD, ERIF databases need not be an obstacle to obtaining a promissory note loan. Everything really depends on the lender.
He can ask for bank statements from the last 3 months. However, this is not common. For many people in debt, a promissory note loan is the perfect solution to get out of debt. Lack of verification in the debtors’ databases only works in favor of the borrower. However, it should be remembered that if someone lends us their money, they will want to check us from every angle, so that they can be sure that they will come back to it.
Loan promissory note and non-bank loans
Private loans for a promissory note differ significantly from standard non-bank loans. It depends on us which offer will be the most advantageous. We can check the ranking of loans for those in debt or look for private loans. Regardless of how much money we want to borrow, we must be aware of the risk of falling into a spiral of debt.