Is a company related by capital to one of the first non-bank loan companies in Poland – Easy Lender. Fine Bank operates as a branch of a bank based in Great Britain, which allows it to operate without meeting the requirements that are mandatory for banks registered in Poland.
Fine Bank exists on the Polish market already in 2012, and on the British market since 2002
Fine Bank does not conduct activities reserved only for banks, i.e. accepting cash deposits and then granting loans from them. Fine Bank grants loans with requirements are much more lenient than those offered by commercial banks, exclusively from its own cash.
The main product of Fine Bank is a credit card with a limit of up to USD 5,500. This allows us to constantly use additional cash, as well as to build a credit history and positive BIK verification.
Revolving loan in Fine Bank
A new product at Fine Bank is a revolving loan, we can take it in the same amount as for a credit card from USD 1,100 to 5,500 for a period of 1 to 4 years. The loan interest rate is 16% per annum, we will pay USD 9.95 or USD 19.95 per month depending on our creditworthiness verified by Fine Bank.
The loan works like a credit card – we can use all or part of the funds, we repay the so-called minimum amount to be repaid within the deadlines, we can also repay all the funds used, without any additional fees. Of course, we will pay interest only on the amount used. After 4 months, if we pay the loan on time, we can count on raising the limit to even USD 15,000.
How to take a loan from Fine Bank?
The loan at Fine Bank is granted without verification of the BIK or KRD databases, it is enough to complete the minimum formalities. We do not have to go to the branch or meet with the agent, the entire process is carried out online, only the contract is delivered by courier and signed in the place designated by us.
A revolving loan can be placed between bank loans and payday loans without BIK. It is more expensive than bank offers such as New Bank or Dutch Bank, but much cheaper than payday loans. Its availability and granting are comparable to the non-banking sector and much higher than the granting of cash loans.