Does a foreigner have a chance for a short-term loan in Poland?

Every year, an increasing number of foreigners come to Poland, mainly in search of work and better living standards. Can such people count on the possibility of taking a short-term loan?

Hard conditions

Hard conditions

Obtaining a loan or cash loan from Polish loan companies is associated with certain conditions that must be met by a potential borrower. One of them is the possession of Polish citizenship, and thus also an identity card, Sepel number and permanent place of residence in the Republic of Poland.

In many cases, it may also be necessary to have an active bank account with one of the Polish financial institutions. Thanks to this calculation, additional verification of a potential customer is possible. Not all banks in Poland allow foreigners to set up a personal account in their own branches. However, if such an institution is found, it requests that the application includes, for example, a residence card, passport and a document confirming permanent registration in Poland. A certain alternative if you need to have an active bank account may be financial obligations granted using the Giro check, but this option also requires Polish citizenship. As you can see, a foreigner who does not have a Polish passport will in most cases not have the chance to take out loans in Poland.

Polish citizen

Polish citizen

For a foreigner to take a short-term loan online, he must have a Polish passport. A person who is also a Polish citizen who:

  • has been staying continuously for at least 3 years on the territory of the Republic of Poland on the basis of a permanent residence permit or a long-term resident’s EU residence permit,
  • has been continuously in Poland for at least two years on the basis of a permanent residence permit or residence permit, as a long-term EU resident who has been married to a Polish citizen for at least 3 years or does not have any citizenship,
  • has been staying continuously for at least two years on the territory of the Republic of Poland on the basis of a permanent residence permit or residence permit, as a long-term EU resident, which he obtained in connection with having refugee status granted in Poland.

In most cases, Polish loan companies are quite reluctant to grant foreigners short-term financial obligations. They argue that the possible recovery of unpaid debts from a foreigner would be associated with high costs often exceeding the value of the loan itself. Of course, from a large number of offers of loan companies currently operating on the Polish market, you can find one that will allow a foreigner to take a short-term loan, but before that you should check the company well so as not to fall victim to cheaters.