Help With Payday Loans Debt Donsolidation -Sakayaengei.Com Wed, 25 Dec 2019 09:25:25 +0000 en-US hourly 1 Judgment on bank returns Wed, 25 Dec 2019 09:25:25 +0000 On September 11, 2019, the EU Court of Justice issued a very favorable judgment for people who had repaid a consumer loan or loan before the deadline but did not receive a proportional reimbursement of bank costs.

Such as commission, administrative fees or preparation fees. If you are wondering whether you are affected by the CJEU judgment on returns, see the article below – we explain everything.

Who is entitled to a refund?


Judgment of the Court of Justice of 11 September 2019 against the Cooperative Savings and Credit Union Franciszek Stefczyk et al. applies to consumers within the meaning of art. 22¹ of the Civil Code (i.e. of 15 May 2019, Journal of Laws, item 1145), i.e. natural persons performing legal actions with the entrepreneur not directly related to their business or professional activity .

In practice, this means that you are such a consumer among others in a situation when you take a loan to renovate an apartment, purchase household appliances or meet other needs related to running a household.

What forms of financing does the CJEU judgment regarding bank returns concern?

Consumer credit is one of the most popular forms of financing


In accordance with art. 3 clause 1 of the Act of May 12, 2011 on consumer credit (i.e. of May 16, 2019, Journal of Laws, item 1083, as amended) , we are talking about a consumer credit agreement in the case of a credit agreement not exceeding 255 550 PLN or its equivalent in a currency other than Polish currency .

The loan agreement may also be for a value higher than PLN 255 550 – but only if it is a loan not secured by a mortgage and intended for the renovation of a house or apartment.

What about consumers who have a loan or a revolving loan? We also have good news for them!

It is worth remembering that the provisions of the Act require the following contracts to be treated in the same way as a consumer loan agreement:

  • loan agreement,
  • loan agreement within the meaning of the provisions of the Banking Law (i.e. of October 25, 2018, Journal of Laws, item 2187, as amended),
  • revolving loan agreement.

If your credit or loan agreement is not listed above, contact our specialist to find out if you may be entitled to a refund. We have listed only the most common types of contracts. The Consumer Credit Act provides for a larger scope and perhaps in your situation the CJEU judgment on returns will also apply.

Who can grant consumer loans?

Who can grant consumer loans?

Pursuant to Polish law, consumer loans may be granted by:

  • institutions authorized by law to grant loans, i.e. banks and cooperative savings and credit unions,
  • loan institutions,
  • manufacture,
  • service provider.

Banks operate on the basis of the Banking Act, cooperative savings and credit unions on the basis of the Act of November 5, 2009 on cooperative savings and credit unions (i.e. of November 29, 2018, Journal of Laws, item 2386 as amended ), and loan institutions – based on the Consumer Credit Act.

Free loan – what you should know? Wed, 16 Oct 2019 11:55:27 +0000

Sudden, unexpected expenses can get in the way of everyone. How to organize extra money in such situations? A quick option is the fast online loan from loan companies. This is an excellent solution, especially when we decide to make a free payday loan, which allows us to give back exactly as much money as we borrowed. An explanation over at

Are free loans completely free of charge? Or is it just an ad for loan companies that has no coverage in reality? Reliable lenders always clearly state the terms of the services offered. So if they are offering a free loan, it should actually be. It is necessary to meet several conditions. What? About it below.

What to choose: a bank loan or a loan from a non-bank company?

money cash

The first thought that appears when an unexpected expense gets in our way is: maybe a small loan in a bank? Traditional banks inspire greater confidence than loan companies that provide their services on the Internet. Contrary to appearances, definitely choosing a cash loan does not have to be more profitable than the decision to loan online. The vast majority of traditional banks do not offer free loans. Only some entities sometimes introduce this type of promotion into their offer. As a rule, however, the loan value is increased by interest and other costs.

Is a free loan even possible?

money cash

The first loan for free is a free loan for new customers. Only clients who incur liabilities in a given loan company for the first time have the option of taking advantage of this offer. Usually this type of loan can be taken for 30, 45 or 60 days. Most lenders offer USD 3,000. The exception is Fast Cash, where you can get free financial support up to USD 6,000 (maximum of 65 days). When deciding on such a loan, we pay exactly as much as we borrowed.

However, remember not to opt for a loan without a thorough market analysis. Perhaps another lender offers a longer repayment period? Or the possibility of taking a larger loan? In these cases, the aforementioned ranking of free online loans is helpful.

What to watch out for when choosing an online loan?

Every customer has the right to thoroughly familiarize themselves with the loan offer of a given entity. The loan company is therefore obliged to inform the potential borrower about the conditions for granting the loan.

Before signing the contract, it is necessary to pay attention to the type of loan (payday loan or installment loan), duration of the contract, repayment date, total repayment amount, interest rate and any additional costs (e.g. insurance). How do you know if a loan is really free? Her APRC (Actual Annual Interest Rate) must be 0%.

It is also worth remembering that, in accordance with applicable law, each customer has 14 days from the date of the loan agreement to withdraw from it without giving a reason. So if you change your mind after a few days, you can opt out of the loan. The terms of withdrawal from the contract are contained in the contract itself or its attachment.

Tips to reduce the burden of your mortgage Tue, 15 Oct 2019 12:31:44 +0000

The payment of a home loan is usually one of the most important expenses within our family budget and the one acquired in the longer term. That is why it is important to try to pay that debt as soon as possible, to reduce long-term interest.

Currently, most people spend up to 47% of their income to pay the mortgage, which is a bad decision for their personal finances. Why not try sharing your home with a roomie or a tenant? With this option, you can invest between 25% and 35%. Here we give you 4 advantages of sharing your home.


1. You save time

1. You save time

You can do household chores more easily and quickly. What two hands can do in a certain time, four or more do in a much smaller one. Organizing, taking turns, or distributing each of the responsibilities will bring you more benefits than you imagine.


2. You learn to live together

Another benefit of sharing a home is personal growth, and we all know that living with someone is not always easy. But think that you will learn other customs, tastes and even whims of other people. Of course, self-criticism is part of this process, as one also has its details. This is a challenge that will really make you mature!


3. Share the expenses

Share the expenses

When we share the home with someone, many of the expenses are shared, such as the monthly payment of your mortgage loan, rent, maintenance and security of the home and others such as water, electricity and gas. This is the main benefit of having a partner. Do the accounts, you will see that your expenses will go down a lot, check it out!


4. You form a new friendship

Sharing your house with a roomie or tenant means not only financial help or extra hands to do household chores, but also a new friendship, which will be cultivated with daily living, joint work and plans to future, you will not regret it!

Finding the ideal home is not a simple task, but applying and getting the most suitable mortgage if it can be. If you need more advice on the subject, do not hesitate to contact us! We invite you to click on the image below to learn more about mortgage loans and achieve your immediate goals.

Prepaid Debit Cards for Teens – Smart Idea or Financial Fail? Thu, 25 Apr 2019 16:38:47 +0000

I remember receiving my first credit card offer. I was 18 and fresh from high school and frankly I was flattered that Visa thought I was responsible enough for a card. Of course I now know that almost every 18-year-old receives credit card offers, but at that time I couldn’t wait to get one myself. I signed up and later emailed my glossy card, which came with a credit limit of $ 1,500.

As a reformed spender, I can now tell you how bad it was for me to have a credit card before I understood the risks. It didn’t take long before I started thinking of my credit card limit as “my money.” Although I did not have any money in the bank – I worked as an office manager for just over minimum wage – I felt my credit limit was a small tangle of money that was just waiting for me to spend. Unfortunately I used every penny to buy new clothes, pay my phone bill and eat for my friends.

As you might have guessed, it all came in handy – rather than later. When I was 19, I understood how difficult it was to repay all that “free money,” and for the first time I saw how difficult it can be to get out of debt. If this sounds like a warning story, it is. I was not as smart with credit cards as a teenager because, unfortunately, I had never heard of balances and interest rates before I started swiping.

Prepaid payment cards as an alternative to credit cards

Prepaid payment cards as an alternative to credit cards

Fortunately, parents who do not want a credit crash to abandon their teen’s credit history and bank account have a choice. You may have seen commercials for prepaid payment cards – Justin Bieber is the spokesperson for a teen central card called SpendSmart. A prepaid debit card can give teens the feeling that they are creditworthy and stay within a balance, but without the dangers of a real credit card. It sounds like a brilliant money movement, but before you sign your teenager, you need to make sure you understand the pros and cons.

Most prepaid payment cards work in much the same way. You can buy them in a store or you can register oLemminkäinenine. Once you sign up, you can then fund the card, usually through an oLemminkäinenine or telephone transaction. The actual amount you need to put on the card varies from provider to provider, but it can only be $ 25. Once this is funded, you can set a pin code and hand it over to your teenager for use. You or your teenager can then reload the card as needed, in the same way that it was originally funded. You can also receive a statement similar to that of a credit card if you wish. If it is stolen or lost, you can cancel the card and the money can even be replaced, depending on your card provider.




From the lessons they can give about financial responsibility for ease of use, there are plenty of good reasons to show your kids for prepaid debit cards. Here are a few:

  1. Your teenager can use the oLemminkäinenine . Let’s face it: most teenagers have oLemminkäinenine accounts for everything from gaming to buying books for their Kindles. If you are worried about your teenager using your credit card for these items, a prepaid payment card makes more sense. It processes as a credit card oLemminkäinenine, but you always determine how much is spent and there is no interest. If your teenager has a smartphone or tablet, prepaid payment cards enable personalized oLemminkäinenine IDs and also help with the issue of games, apps and other media without your teenager depending on your credit card.
  2. It is safer than cash . Of course, cash is usually king, especially when it comes to teen purchases such as clothing, food and entertainment, but not all teenagers are careful with their money. A lost wallet or a forgotten backpack can mean the loss of that money forever. With a prepaid payment card, your teenager can at least call and cancel if the card is placed in the wrong place without causing damage. It gives you the necessary rest when your child travels without you.
  3. It teaches your teen about earning and budgeting . The problem with credit cards is that they teach teenagers a questionable lesson about budgeting. With my first card, I learned that if I did not have the money permanently, Visa had my back, which led to over-spending and a high balance. A prepaid payment card tells teens the opposite: the money must be earned before it is spent. If your teen wants a new pair of shoes, the money must first be earned and then properly budgeted.
  4. You get the control . If your teenager still receives benefits, you can use a prepaid payment card to determine how much or how little your teenager spends. For example, if you’ve talked about savings as part of your child’s budget, you can put some money on a traditional savings book and then spend money on the debit card to prevent your teen from sleeping in savings to pay a night at the movies. Most prepaid payment cards also require parental permission and access, so that you can view your teen’s balance and spending history, which can open a further budgeting dialogue.



Although a prepaid debit card might be a bit shy for teenagers, there are a few things to look out for. Here are some potential pitfalls that you should be aware of before you decide whether or not you will get one for your child:

  1. Costs can add up . Costs are how companies make money with prepaid debit cards. You can expect everything to be charged, from activation to monthly use and even ATM withdrawal costs. These can add up considerably, especially if you are the one who manages the card. The costs range from $ 1 to $ 3 for a cash withdrawal to $ 5 to $ 10 for monthly usage costs.
  2. They have no influence on the credit . If you hope to use a prepaid debit card to improve your teen’s credit score before you go to college and try to finance things like student loans or a car, you can forget it. Prepaid debit cards are considered by the credit bureaus as bank accounts and do not count as a loan or credit card. Teens can spend with their cards, but even the best spending patterns are not displayed on a credit score.
  3. It can be a difficult transition . Prepaid payment cards can help teenagers become familiar with the use of plastic, but switching to student credit cards as they get older can be problematic. After all, the debit card more or less determines how teenagers spend money – when the money is gone, it is gone. With a credit card, teenagers can feel free and look at their credit limits as free money they can spend. They will not be used to things like minimum payments, costs and paying the amount back to a credit card company. Parents should discuss responsible credit card use with every teenager who is used to a bank card.


Find prepaid debit cards and use them correctly

Find prepaid debit cards and use them correctly

If you think a prepaid payment card is the best way to teach your teen about smart spending, you need to be careful. Make sure you agree on how to use it and have a frank conversation about money management, a topic you often visit again.

1. Comparison Shop for the best deal

Remember that not all prepaid debit cards are made equal. Costs are often the deciding factor as to which card is the best deal. Some cards also require that you always keep a minimum of cash on balance – as high as $ 500 a month, which can be too steep for the average teenager. Instead, look for a card with low costs and a manageable minimum monthly balance.

Some cards aimed at teenagers include:

  • PASS from American Express . It has minimal costs – your teen receives a free cash withdrawal every month and then it is only $ 2 for each withdrawal thereafter. There are no monthly fees or charges for reloading the card, but you must load it with a minimum of $ 25 and reload with a minimum of $ 20.
  • Visa BUXX . The BUXX card is supported by Visa and charges a monthly amount of $ 5. The minimum first time reloading and reloading is $ 20. You pay between $ 2, 50 and $ 5 to reload it (depending on the issuing bank) , and it offers free withdrawals at 70,000 participating banks.
  • SpendSmart . The SpendSmart card is supported by MasterCard and charges $ 0.75 to load from another bank account, costs $ 1.50 for each cash withdrawal and requires a minimum amount of $ 20. Both the first time loading and reloading must be at least $ 20 to be. But note: there is a $ 3 surcharge for 30 days of inactivity, so it must be canceled if it is no longer in use.

2. Create a contract

If you are going to apply for and maintain the card as a parent, you must make a spending contract with your teenager. Talk about what you expect, such as smart usage patterns, your child’s contributions to the card, and paying costs. You can also impose restrictions on the use of the oLemminkäinenine card or take disciplinary action if the card is misused.

3. Write a budget

Finally – and most importantly – take the time to prepare a budget for your teenager, including all the money earned from part-time jobs and details of the costs for which they are responsible, such as a telephone bill or a debit card. Your teenager must clearly see what needs to be saved and what can be spent. This lesson in budgeting can be an eye-opening experience and one that your teenager can use years later, especially when the need to be more financially responsible arises. Review your teen’s budget on a monthly basis and make adjustments if necessary so that you are always on the same page to spend.

Last word


Prepaid payment cards can act as training wheels for future use of credit cards. Even though they are not borrowed money, your teenager still needs to be careful with a prepaid debit card. Learning about fees and maximizing credit limits can teach valuable lessons about credit, so make sure your teen develops a healthy respect for the almighty plastic.

Would you like to give your teenager a prepaid debit card?


Nominal versus real interest – effects of inflation

When you hear people discussing interest rates or investment returns, you may notice that they make a distinction between real and nominal rates. What is the difference and why should it be important to you? Essentially, inflation is the difference between the two. It’s important because nominal rates don’t tell the whole story – for your investment return or the economy.


12 items you need to buy at the Dollar Store

I’m a big fan of dollar stores. They are small, not overcrowded or overwhelming, and almost everything inside is just one dollar. It is not necessary to compare prices of comparable items in the store, because the pricing is the same. Life seems simple in a dollar store.


The spread of fixed rate and variable rate mortgages Sat, 06 Apr 2019 13:00:18 +0000

The mortgage spread is the difference between the reference rate for that loan and the rate actually paid to the borrower by the bank. In fact, it is the bank’s profit: the mortgage is structured like any other loan, thus providing for the granting of a loan amount against a repayment schedule in installments and the recognition of a certain interest rate . Obviously, the mortgage then provides for particularities, such as the institution of the mortgage (even if traditional loans also require certain guarantees).

The interests are therefore a fundamental component in the disbursement of a mortgage

The spread is a concept that in recent years has found much space in the media and is now better known by many Italians. Even if it was not a question of mortgage rates, the much publicized spread worked in the same way: it was always the difference between a reference rate (in that case the German ten-year government bond) and the one paid by the Italian State (on BTPs, a type of government title). In the same way, the borrower finds himself paying a difference between a rate conventionally chosen by the banks and that actually provided for by the contract.

This difference remains fixed for the entire duration of the loan

This difference remains fixed for the entire duration of the loan

Regardless of the type of interest rate chosen by the consumer, the profit required by the bank will always remain the same. We must not confuse this forecast with the difference between the fixed and the variable rate: in the first case, the rate remains fixed on all mortgage payments, while in the second it changes according to the trend of a given reference rate (such as the EURIBOR or the ECB rate). However, the spread established at the beginning of the contract will always remain the same: if the rate is fixed, then the interest to be paid will also remain the same, while if the rate is variable the changes will follow, but always with the same spread.

Simplifying this concept, assuming a blocked spread, a fixed rate would always be calculable as Eurirs rate (the one used for these calculations) + spread: the result will always be the same for the entire duration of the loan, because the Eurirs remains fixed. On the contrary, for a variable rate loan, the calculation to be made is Euribor (or ECB rate) + spread , with the result that will vary depending on the reference rate fluctuations. To find out anyway the amount of the mortgage spread requested by the main Italian banks, connect to this portal.

How to Take a Cheap Payday Loan Wed, 27 Mar 2019 04:01:34 +0000

It should start with realizing that such financial products also have advantages, because long ago the monopoly time in this market has passed and the huge costs have been overstated. So how do these qualities look like? First of all, it’s immediately available when you need them, most often online. Therefore, we do not have to wait for a decision and to collect documents about earnings. In addition, competition on the non-bank loan market.meant that payday loans had to become attractive to customers. As a result, many companies offer the first free loan, conditioned only by timely repayment. What’s more, thanks to the Internet we have the opportunity to compare many offers and choose the most advantageous one. Maybe this is not an advantage of the same payday, but it certainly is associated with the development of competition on the non-bank loan market.

The first loan for free?

The first loan for free?

It must be a cheap marketing gimmick, because in these times there is nothing for free. Probably many of you have thought, however, the first loan in a given company is usually free, and the condition that must be met to not incur any additional costs is only its timely repayment.

Important !!

When deciding on a free reminder, it should be remembered that it is free only on condition of timely repayment and when the APR is 0% (few companies offer a zero interest payday, however, this does not mean no fees as several components contribute to the cost of the loan). Extending the deadline or delay is associated with high fees. However, if we are sure that we will pay the payday in time, nothing prevents her from taking it.

What are the costs of subsequent loans?

What are the costs of subsequent loans?

As I mentioned earlier, thanks to the Internet, we have the opportunity to compare the cost of loans in many companies, which only takes a moment. Thanks to the use of the instant comparison website, we can choose the cheapest offer, and the difference in costs can be really big. For example, Vivus has the cheapest payday with the ability to take them online. In this company, for borrowing PLN 500 for 30 days with another loan to be repaid, we will have a total of PLN 578.50, so the total cost of the loan is only PLN 78.50. In the most expensive companies, the cost of a loan with the same parameters reaches even PLN 130-140.

The possibility of withdrawal within 14 days

The possibility of withdrawal within 14 days

Few customers know that a non-bank loan agreement, like a loan agreement with a bank, has the option of resigning within 14 days. If the decision on resignation is made within 14 days of taking the loan, then the client does not bear any consequences. Moreover, it is not required to give the lender a reason to withdraw from the loan agreement. It is only necessary to provide (via e-mail or traditional mail) an appropriate statement (its pattern is most often sent to the customer when it concludes a contract). Withdrawal from the payday agreement within 14 days is a very beneficial solution in financial terms. According to the law, the client has 30 days to return the amount borrowed together with interest charged for the period from the date of payment of the payday to the day of its return. However, this “cost” is incomparably smaller than the standard commission and other fees.

]]> 0
Spread in real time: what it is and how it affects funding Sat, 23 Mar 2019 12:50:48 +0000

The real-time spread is a service offered by many websites, where you can monitor the progress of this important measure of the cost of state financing . To be able to make the best use of these tools, it is however necessary to understand how the spread works, since it has become a concept widely used in public debate, sometimes with many inaccuracies. The spread, depending on convenience, is used to scare consumers or, on the contrary, reduces its importance, stating that it only concerns the financial markets. Let us try to make this concept clearer.

Spread means the difference in the interest rate between a financial security and another , considered particularly reliable

interest rate

In the case of the spread that we often hear about, it indicates the difference in the rate of the Italian BTP , a 10-year government bond, and another state security deemed safe, called the benchmark : the spread, in most of the cases, refers to the German Bund , ie the 10-year government bond of Germany. The difference between the Bund and BTP therefore constitutes the spread: how to read this data? If, for example, the spread is at 200, it means that the difference between the rates of the two securities is 2%.

The Bund is chosen because it is considered a particularly stable and secure security


When the spread goes up a lot, above 250 points for example, it means that the Italian state is paying a lot more to finance its activities and repay its debts. These seem very distant concepts from the daily life of citizens, but in reality when the State has to pay its debt a lot, it can allocate much less resources to essential functions such as welfare . Thus, a high spread is not good news even for ordinary citizens.

However, it is good to consider this measure with caution, which can also depend on turbulence on financial markets that have little to do with the actual performance of the Italian economy. In general, even if there is no precise rule, one can say that the markets and the spread punish instability , that is when we see the risk that the State is in difficulty to respect its economic and financial commitments. Finally, we must not forget that the spread, together with some reference rates, helps to establish the cost of variable rate mortgages.

However, to stay informed about these dynamics, you can connect to an online tool like the one prepared by Il Sole 24 Ore, to keep you informed about the spread in real time. The online tool allows first of all to display the current value of the spread , or rather the one at the last update, which is now reported on the same page. Furthermore, the percentage change compared to the previous update is also available. Finally, it is also possible to study the trend of this index during the day which, thanks also to an easy to understand graph, also indicates the maximum and minimum values ​​touched in that period of time.

Subsidies for Setting Up A Company – How Much and Where You Can Get | Financial Advice Mon, 18 Mar 2019 17:20:47 +0000



When planning to start your own business, you should look around for financial support. A lot of help can be obtained from various state institutions.

Before you open a business, check how much you can get. We check what subsidies are available for setting up a company and other forms of assistance.

Worth checking: Self-employment is a good idea?

People planning to set up their own company are supported by labor offices, but not only they. In addition to bank loans, which are sometimes difficult to obtain, it is also possible to finance crowdfunding, academic business incubators, business angels, venture capital funds and a whole range of programs from EU funds. Before you register your business, it’s worth finding out where you can get extra money to help spread your wings.

Assistance from the office

Assistance from the office

A non-repayable and untaxed subsidy from the employment office can amount to six times the monthly salary in the enterprise sector. This year it is almost 27.5 thousand. zł. You just have to be unemployed registered at the office for at least a month, although some of them require three months. Students from full-time studies, persons who have refused employment, apprenticeship or apprenticeship proposals, as well as those who have already benefited from public funding, are excluded from funding opportunities.

The application for co-financing is submitted to the poviat or voivodship labor office, usually along with the business plan. After receiving the subsidy and signing the contract with the office, you need to set up a business and run it for at least a year. At this time, you can not only suspend it, but also take on another job. It’s also worth knowing that if you can not get funding the first time, you can apply again. Labor offices carry out several calls during the year.

Cheap loans for graduates and the unemployed

Cheap loans for graduates and the unemployed

You can also take advantage of government support, such as loans from the business support program “First Business – Support at Startup”, which is implemented by Bank Gospodarstwa Krajowego.

As part of the program , unemployed people, school and university graduates and last year university students can apply for low-interest loans to start a business and loans for creating an unemployed workstation.

Loans under the program are granted from the Labor Fund funds throughout the country. Granting loans is carried out by financial intermediaries selected in a tender procedure by Bank Gospodarstwa Krajowego. The list of brokers with contact details is posted on the bank’s website.

Unemployed people who want to apply for a loan must be registered at the employment office . Graduates who have completed upper secondary school or university up to 48 months before applying for a loan and students of the last year of higher education do not have to be registered as unemployed. All you need is a statement about not hiring and not doing other paid work. Graduates must additionally provide a copy of the diploma or certificate or a certificate of education they have obtained, and the student a certificate of study.

Almost 100,000 PLN for seven years

Almost 100,000 PLN for seven years

As part of the program, you can take advantage of a low-interest loan to start a business for up to seven years. The interest rate is 0.44%. annually (1/4 of the rediscount rate for NBP bills of exchange) and is stable throughout the whole financing period. Currently, the maximum loan amount is PLN 91,604, it depends on the current average monthly remuneration for the previous quarter and is 20 times the same.

Program participants can count on an annual grace period for loan principal repayment . In connection with the loan granted, they do not incur any fees or commissions. The loan is secured by the borrower’s own promissory note and the surety of the natural person. Depending on the results of the assessment of creditworthiness and credit risk, another loan repayment security may be used instead of a surety.

You can make early repayment of the loan, however, in this case and in the case of closing the business before the expiry of 12 months, the borrower is obliged to return the amount of the obtained benefit.

In addition, anyone who intends to do business with partners in the form of a civil partnership, can get a much higher loan with them. In this case, it can reach up to 210,000. zł. People who also use a loan to create a job for an unemployed person directed by the poviat labor office can count on references – part of the loan for starting a business activity will be discontinued.

People with disabilities without employment can also get a subsidy to start a business from the State Fund for Rehabilitation of Disabled People. The condition is to maintain the company for two years.

How to get a loan?

How to get a loan?

The condition for obtaining a loan is to submit a correctly completed and complete application. The evaluation of the broker is subject to a complete application, the element of which is, inter alia, description of the planned project and purpose of the loan. If we have problems with filling out the application, we can arrange a consultation. The application should be submitted at the place of conducting the planned business activity.

Financial intermediaries evaluate the application within 14 business days of receiving a correctly completed and complete loan application. If replenishment is necessary, the processing time of the application is extended accordingly. When the decision is positive, we can set up an activity. The activity should be active at the latest on the day the loan agreement is signed. Then we sign a contract with a financial intermediary. After the loan repayment security is established, we receive money on the account.

The basis for the settlement of the loan are expenses incurred for this purpose, i.e. paid invoices or other accounting documents of equivalent probative value, to be submitted to the financial intermediary within the time specified in the loan agreement, however not later than 30 days from the last expenditure. As part of the loan, it is possible to finance both fixed assets necessary to commence operations as well as all types of goods subject to sale as part of the activity , e.g. stocking of a grocery, clothing, multi-branch, etc. All goods and services are calculated at gross prices.

biznes komputer praca adobe Most programs focus on activating the unemployed who intend to open their own business. Fig. Adobe Stock

For a new place of work


As part of the program, it is possible to obtain a loan for creating a job for an unemployed person. Such a loan can be applied not only to borrowers who use a loan to start a business, but also entities such as private kindergartens and private schools as well as crèches and children’s clubs.

The maximum can be up to PLN 27,481.2 . The unit value of the loan can not exceed six times the average remuneration. The borrower can also create and get a loan for several positions. The loan is granted for three years. The interest rate is 0.44%. on a yearly basis. Borrowers are exempt from fees and commissions for considering the application and granting the loan. The loan can be repaid early, but the borrower will not bear any costs related to early repayment if the created job position has been maintained for a period of not less than 12 months.

Similarly to the activity loan, financial intermediaries evaluate the application within 14 working days of receiving a correctly completed and complete loan application. Supplements to the application extend the time of its consideration.

As part of a loan for the creation of a job position, it is possible to employ an unemployed person without a referral from the poviat labor office . However, the employed person must be registered in the poviat labor office and have the status of an unemployed person. The person should be employed after signing the loan agreement.

EU subsidies and loans

EU subsidies and loans

Competitions and non-competitive calls for business development and the fight against unemployment from EU funds are not lacking. Individual of them help to finance trainings, vocational courses, post-graduate studies, internships and apprenticeships as well as starting own company or its development.

Young people who are less than 30 years old, do not work and do not learn, have the greatest opportunities. They have a chance to support 20,000. PLN They can also count on 50 thousand. subsidies from local action groups that operate in almost all counties. Subsidies for starting business activity are also addressed to unemployed women, people over 45, unemployed, disabled and with low education. For them, projects such as “Good time for business – KOM2” are intended. People who work or do not belong to any of the groups that can count on a grant have a chance to get a loan for their own business.

The conditions for obtaining co-financing for the opening of business may vary depending on the region. Information on them is provided by information centers of European funds as well as poviat and voivodship labor offices. Those interested should also follow the current subsidy programs on the European funds portal. This does not mean, however, that receiving a grant is simple and the money will be credited to your account overnight. The whole recruitment process takes many months.

However, you can apply for a small or large loan. Their amount depends on the region , small loans are generally up to 250 thousand. PLN, but in the Lubuskie and Wielkopolskie voivodships it is 500 thousand. PLN, while in Opole – 150,000 zł. Large loans are already up to PLN 2 or 2.5 million. There are also micro-loans from 60 to 100 thousand. zł.

Subsidies for setting up a company: a difficult choice


Before you apply for a grant, you need to be prepared in a reliable way. If you have an idea for niche business, which will be in demand on the market, and your own conviction will be verified, then the first success is behind you. Now you can start to check what are the recruitment – preferably in your own province. For each of them are described criteria that must be met in order to be able to take part in them.

After selecting the most appropriate project, you should contact the institution that announces it and accept applications. It is also worth participating in an information meeting on the possibility of obtaining funding. They are organized in individual cities by local information points of European funds.

The next step is to carefully read the project regulations and submit the application. It should not be a problem with filling it, because each institution that announces the competition provides all documents along with instructions on how to fill them in websites and information desks. However, it should be remembered that the business plan should be included in the application. The problem may be only the lack of money for own contribution, because no project is financed entirely from European funds. You may need to eat a loan or a loan.

Receiving money and setting up a company does not mean the end of cooperation with the institution that allocated the funds . The newly established company will be monitored, so not spending money in accordance with the assumptions contained in the application or suspending or closing the business will mean the need to return the subsidy with interest, and this can be difficult if the company has not yet started to make profits.

Bridge support


Another form of EU assistance for those planning to run a business is bridging support. It allows you to survive the first months of work on your own and fulfill your obligations to the Social Insurance Institution. Help – as in the case of subsidies for the establishment of a company – is non-returnable and granted to all newly created companies, regardless of whether they generate revenues or not yet. However, it does not work automatically, so you must submit a request for support with an attached business plan and justification of expenses.

The basic bridging support is granted for a maximum of six months from the start of operations, but may be extended to twelve months of the company’s operation . The maximum amount may not exceed the equivalent of the minimum remuneration applicable on the date of payment of the support. It is generally 1 thousand. zł. In some provinces, however, it may be higher. Last year, under the Regional Operational Program of the Śląskie Voivodeship, it amounted to 2 thousand. zł.

Bridging support, like a subsidy, must be accounted for and made up to the 15th day of the end of the six-month and then twelve-month period.

subsidies for the opening of the company The largest grants can count on very innovative ideas for business, or so-called startups. Adobe Stock

Privileges for startups

Privileges for startups

The largest grants can count on innovative business ideas . Especially for their originators programs such as Starter and BizNest and starter platforms are created, in which applications can be submitted by December 31 next year.

In competitions, the money for establishing a company can be obtained from seed funds, venture capital funds or business angel networks selected by the Polish Agency for Enterprise Development.

The starter platforms under the Operational Program Poland help develop businesses planning to set up a business in the Lublin, Podkarpackie, Podlasie, Świętokrzyskie or Warmian-Masurian provinces. However, you have to wait for the money because training is planned in the first stage. After passing the so-called incubation, during which a business model will be developed, you can count on 800 thousand PLN support.

Farmers insured in the Agricultural Social Insurance Fund (KRUS) who decide to start operations can get a bonus of up to 150,000. PLN from the Rural Development Program. You just need to enter into the smart specializations of your region.

You can also get more if the business plan provides for job creation. As part of the bonus for starting non-agricultural activities from RDP, it is 200,000. PLN for those who create at least two jobs, and 250,000 PLN if the business plan provides for the creation of at least three jobs.

Seedlings from incubators

Seedlings from incubators

Young Academic Incubators of Entrepreneurship are a great support for young people, which help entrepreneurs to start startups . They also provide substantive support. 56 incubators in 26 cities operate under the AIP.

Pre-incubation is the time to learn how to manage a company without having to set up a company. For 300 PLN net per month, AIP will provide its legal personality, under which you can run your own business without registering with CEiDG. This means that you do not have to pay even preferential contributions to ZUS, which this year is 555.89 PLN, and income tax, and when signing contracts and issuing invoices, the Incubator’s registration data is used. In fact, it saves itself.

The Incubation and Incubation Plus helps in the development of the company, if it has already been set up. The cost of participation in these programs is PLN 300 and PLN 500, respectively. In the first of them, you will get help in running a tax book of revenues and expenses or a lump sum – up to ten invoices per month – and VAT records. You can also take advantage of Start Training training, Training Platform platform and 12 meetings with mentors as part of the Mentoring Meeting.

In the extended package, up to 25 documents are settled, in addition, AIP will take on ongoing official business matters, keeping records of the vehicle’s mileage and settling business trips. Cowork provides, for PLN 200, monthly use of the space of one of the 56 offices, in which there are also conference rooms.

It also helps PARP in Scale Up programs, which supports acceleration of startups. Their goal is to combine the potential of beginners, creative entrepreneurs with infrastructure and the experience of large enterprises. In August Electro ScaleUp will be implemented, a program supporting startups in the electromobility industry, and until November 29, applications will be accepted for the Connect & Scale Up projects, the aim of which is to combine the startups’ culture with the resources of large companies.