Decreasing monthly loan payments: the solutions | Humbert Humbert

A borrower has the possibility of reducing the monthly payments of his credits, the grouping of loans is a banking operation allowing a reduction which can extend up to 60% of the amount of the current monthly payments.

Credit: decrease my monthly payments

Credit: decrease my monthly payments

The accumulation of credits can become a constraint for the finances of a household. The monthly payments are piling up, the debits on different dates from the due dates as well as the high debt ratio limit the budgetary capacities of the household.

The grouping of loans is an operation whose main goal is to reduce the amount of monthly payments of a mortgage or a consumer loan, we can group all types of loans together and the reduction can extend up to 60 % of the current amount of monthly payments.

Redemption of credit to reduce monthly payments

Redemption of credit to reduce monthly payments

In operation, the specialized organization offers the borrower to buy back his credits, in this case he repays the old lenders and proposes to the borrower a new contract. This new contract will take over the remaining amount to be reimbursed for credits, the costs linked to the operation and any amount for a new project.

In the end, the amount is spread over a longer repayment period, which reduces the amount of the new monthly payment which becomes for the single hit. The rate is also unique, it varies according to the nature of the grouping of loans which can be real estate or consumption.

Estimate funding

Like all credit operations, the grouping of loans is subject to a feasibility study and acceptance by the credit institutions. For this, the borrower simply needs to turn to one of these specialists, the organization takes care of everything. He will send the repayment to each lender and will take care of closing all the credits. He will assemble the file and send the borrower a loan offer to sign.

To start the process, the first step is the simulation of loan buy-back, it is free and without obligation. Just fill in and validate the form.

Redeem a social accession loan (PAS)

The social accession loan has the advantage of being based on a particularly low rate, which is advantageous for households who cannot necessarily afford to own property. Simply, the vagaries of life can cause a financial imbalance that the repurchase of credit can restore.

Credit consolidation involves redeeming several debts and obtaining a new credit with a longer duration and a lower monthly payment. The PAS loan can be the subject of a credit buyout simply the proposed rate being often advantageous, this requires a thorough study.

It is possible to exclude the PAS loan from the repurchase of credits in order to preserve the advantage provided by the low rate but in certain cases, no solution is possible without having the PAS credit taken over .

Funding simulation

credit score

The best solution to find out if buying back credit is possible with or without repossessing the PAS loan is to carry out an online simulation. It’s completely free and without obligation. This will precisely define the amount of the future monthly payment and the total cost of the new loan.

Two fundamental elements to compare a situation before and after financing. For the simulation, you can go to the credit buyback request page .

Social loans in Poland – are they a good alternative to cash loans and online loans?

Borrowing money is a difficult topic. Where do we most often borrow? Mainly from banks and non-bank companies, as well as from family or close friends.

However, the trend of borrowing money from strangers within the sphere of social lending is slowly developing in Poland. It includes social loans. What are they and is it worth using them?

What are social loans?


Social loans are an alternative to payday loans granted by non-bank loan companies as well as for cash loans in banks and cooperative savings and credit unions. It should be said that a social loan is neither a cash loan nor a loan granted by a company as part of a business activity.

What is it then? A social loan, in other words, a social loan or social lending, consists in concluding a loan agreement directly between natural persons. This is a loan in the form of a civil law agreement, the subject of which is a specific amount of money granted by a natural person to another natural person.

One of the parties (the lender) undertakes to make available to the other party (the borrower) a certain amount of financial resources on specific principles regarding the interest rate on the loan and the date of its return.

What is the difference between a loan and a social loan? Social loans are the main element of the social lending sphere. They are not subject to any supervision by external institutions, they are not subject to the provisions of the Banking Law or recommendations of the Good Finance Investment Corporation, as in the case of banks.

Online social loans – where to look for social loan offers?


The easiest way to get a social loan is on the website created for this purpose. There are social lending platforms on which online social loans are provided.


The websites indicated on which you can find offers for social loans are not lenders. The loan is granted by a natural person to a natural person, while the social lending platform performs only the function of an intermediary who associates two parties to a civil law contract.

An online community loan will be available on lender and borrower platforms after the two sides agree on the loan terms.

The mentioned social lending platform is Good Finance, which is intended only for investors. Loans are granted by non-bank companies that give their shares to private investors.

How do social loans work?


When we want to take out a social loan, we really need to sign (enter into) a contract between private individuals. There is no brokerage on the part of banks and non-bank institutions or financial supervision, although there is an intermediary in the form of a social loan platform that associates the parties to the transaction.

It connects people who need to borrow additional funds with people who are ready to grant such a social loan on certain terms. Social lending services facilitate the conclusion of such transactions using appropriate tools.

These tools also help to recover money if the borrower refuses to pay back the interest and refunds.

Rules governing the provision of social loans


The legal basis for granting social loans are the provisions of the Civil Code regarding loans as such. In the code, loans are devoted to section XIX, from art. 720 to 724.

What are the conditions and requirements for getting a social loan?


The condition for receiving a social loan is to find a bidder on the loan platform who decides to grant the loan on the terms indicated by the client. Usually, the requirement is to register the borrower on the selected portal and verify his identity.

There is no need to undergo painstaking verification of creditworthiness and creditworthiness, as is the case in banks and in an increasing number of loan companies.

Verification of people applying for a social loan


A very important step in applying for a community loan is to verify the identity of the potential borrower. It aims to confirm that the person entered in the loan application is actually who they claim to be.

In the case of social loans, verification is carried out by means of a verification transfer or services such as Good Finance.

In many cases, voluntary verification is possible to increase the customer’s creditworthiness. It may consist of:

  • confirming the address by attaching a utility bill,
  • consenting to check data in economic information bureaus,
  • providing a certificate on the amount of remuneration and employment.

Consumer loans – can I get it from the bank?


Almost all banks have consumer loans. However, the maturity offered and the interest rate applied for this consumer loan are different from each other.

What are the opportunities provided by consumer loan?

What are the opportunities provided by consumer loan?

The advantage offered for general purpose loans is the opportunity to postpone it for 3 months. This loan, which has a 60-month maturity option, can be drawn up to 50 thousand dollars. The bank applies 1.59% interest rate for consumer loan. This rate is well below the interest rate of many other banks. It is possible to benefit from the opportunity to postpone the loan for 3 months while the installments are made. In order to apply for credit easily, it is necessary to send an SMS to the ID number.

How can I apply for consumer loan?

How can I apply for consumer loan?

Among the methods of applying for general purpose loan is to go to the nearest bank branch. However, there are different methods that people who say that I do not want to wait in the bank branch can apply. Bank also accepts applications from ATMs for consumer loan. In addition, Bank offers a solution for those who want to apply for a loan without leaving home. Bank, who has an interest rate of 1.80% from where they live, can apply to one of the following methods:

  • Internet branch,
  • Mobile,
  • Web site,
  • Call center.

Which Documents Does Bank Request for Requirement Loan?

Which Documents Does Bank Request for Requirement Loan?

Among the documents requested by the bank for the application for consumer loan , there is an identity card. In addition, the application document and the income document must be submitted to the bank in order to obtain the general purpose loan. Bank also offers special opportunities for people who receive their salaries from their own branches. People who receive their salary from the bank can withdraw up to 75 thousand dollars with a 60-month maturity loan with an interest rate of 1.85%. Bank offers the following opportunities for loan installment payments:

  • With monthly installments,
  • With increasing installment,
  • With decreasing installment,
  • Equal installments every 3 months,
  • Free payment.

You can use the loan calculator to list the banks that provide the most appropriate general purpose loan. During this listing, you will be able to see the most suitable installment, the most suitable interest rate and the most suitable loan.