Chwilówka

Avinto Payday Loan – what you need to know

Avinto is a short-term loan brand belonging to the credit intermediary Wandoo Finance Sp. z o.o., listed in the Polish Financial Supervision Authority's (KNF) register of credit intermediaries under number RPK017716. The Avinto payday loan is a standard non-bank loan granted for up to 30 days with a single repayment - designed for sudden, unplanned expenses, not as a substitute for a bank loan or an instalment loan.

APR and loan cost

The Annual Percentage Rate (APR) for this loan is 297.46% - this is the only binding measure of the product's total cost and should be treated as the main reference point when comparing offers. For example: a loan of PLN 5,000 for 30 days means interest of PLN 59.40 plus a commission of PLN 541.05, for a total repayment amount of PLN 5,600.45 (the APR for this specific example: 297.41%). The actual cost depends on the amount chosen and is always shown in the calculator on the lender's website before submitting an application - Avinto states there are no hidden fees.

The maximum loan amount for new customers is PLN 5,000. Customers who have repaid previous obligations on time can access a growing limit of up to PLN 10,000. The minimum amount is PLN 500. The repayment period is fixed at 30 days, with a single repayment - no instalments spread over time.

Conditions and requirements

To apply for an Avinto loan you must be between 18 and 80 years old, hold Polish citizenship or the right of permanent residence in Poland, have a valid ID card with a PESEL number, your own bank account, and access to online banking. Income verification is automatic, based on data from Kontomatik or another AIS provider supervised by KNF - there's no need to submit income certificates or mail bank statements.

Avinto checks credit history in BIK and other databases - this is explicitly confirmed in the FAQ section on the lender's website, which notes that applicants with a negative credit history may not receive the loan.

If a customer knows in advance they won't be able to repay on time, Avinto offers a refinancing option through one of its partners - the obligation is then repaid by a different lender, giving extra time to settle the debt. This comes with additional costs set by the new lender, so it's worth reviewing the terms carefully before using this option. The key is to contact Avinto before, not after, the repayment date.

How to apply

1. Choose the loan amount (PLN 500-10,000) and repayment term (30 days) on the Avinto website
2. Fill in a short form - personal details, PESEL number and e-mail address
3. Verify your identity via Kontomatik by logging into your online banking (bank passwords are not stored)
4. Wait for the decision - usually within around fifteen minutes
5. Once approved, sign the agreement online and receive the money in your account within 24 hours

The whole process is 100% online, with no branch visit and no documents to send by post.

Summary

The Avinto payday loan is a standard short-term non-bank loan with a single repayment after 30 days, available fully online with a decision within around fifteen minutes. Its biggest strength is transparency - the cost is visible in the calculator before you apply, and the growing limit of up to PLN 10,000 rewards customers who repay on time. Keep in mind, though, that this is one of the more expensive ways to borrow money - an APR of 297.46% means the loan only makes sense as a genuinely short-term solution, and only when repayment within 30 days is certain.