NetGotowka

NetGotówka – Non-Bank Loan Review

NetGotówka is a fully online non-bank loan offered by Net Gotówka Sp. z o.o., a loan institution entered in the KNF register under number RIP000295. According to the lender's website, it is an installment loan of PLN 3,000 to 5,000 for 4 months, intended for short-term cash needs – this is not a substitute for a bank loan or a solution for larger, long-term expenses. The entire process, from choosing the amount to the decision, takes place online, without signing a paper agreement.

APR and cost of the loan

The key cost indicator for this loan is the APR (Annual Percentage Rate). In the representative example given by the lender (a PLN 4,000 loan for 4 months), it is 69.74%, and the total cost of the loan repaid in 4 monthly installments is PLN 721.28 (interest PLN 190.16, arrangement fee PLN 400, period-dependent fee PLN 131.12). However, it's worth knowing that the calculator on the homepage shows costs of PLN 799.99 and an APR of 79.58% for the same amount of PLN 4,000, and the website does not explain where this difference comes from. Before applying, it is therefore worth checking the total cost and the amount to repay, which according to its website the lender shows before you submit the application.

Terms and requirements

According to the FAQ section, the loan is available to adults with Polish, Ukrainian or Belarusian citizenship who live in Poland, have a bank account, a mobile phone and an email address, are not behind on other obligations and are not listed as unreliable debtors in debtor registers. The lender checks credit history in debtor registers (after consent given in the application) and asks for proof of income to be attached. Near the end of the repayment period you can apply to refinance the principal – this is a new 4-month loan carrying the standard costs of such a loan. The website does not describe early repayment terms – if they matter to you, check them in the sample agreement and terms available under "Wzory dokumentów" (sample documents) before applying.

How to apply

According to the description on the NetGotówka website, the application process includes three steps:

1. Choose the loan amount you're interested in using the slider on the website.
2. Fill in the online application form.
3. Receive the credit decision – according to the lender's statement, within a few minutes (a preliminary decision appears at the last step of the application).

According to the lender, the money reaches your account within 1 business day.

Summary

NetGotówka is an installment loan of PLN 3,000 to 5,000 for 4 months with a fully online application process and a preliminary decision already at the application stage. The key number worth paying attention to before making a decision is the APR – in the lender's representative example it is 69.74%, but the homepage calculator shows an APR of 79.58% for PLN 4,000. Before applying, it's worth checking the total cost of the specific loan and the early repayment rules in the sample documents published by the lender.