Students, people just gaining professional experience, freelancers – graphic designers, copywriters, translators, and programmers. What connects them?
Most of them conclude a mandate contract or a specific task contract with the employer. This form of civil law contract may, contrary to appearances, benefit both parties – the employee may earn more real than in the case of the same settlement rate in the employment contract, and the employer does not have to pay all contributions per employee. However, such contracts are often unwelcome by lenders.
A mandate contract and a specific task contract are the two types of contracts most often concluded, especially among young people. Sometimes they are relatively beneficial also for employees, but it is worth remembering that lenders perceive this type of civil law contracts quite differently.
People employed on a mandate contract or a specific task contract often have trouble finding a bank or business that would give them a loan.
The contract for the mandate and specific task – common features
Why are both the mandate and specific work contracts so unattractive for lenders? First of all, the income generated by people employed under such contracts is usually not very high – employers usually choose this type of contract when they recruit a new employee or a person who will perform work that does not require specialized knowledge.
There are, of course, exceptions – some freelancers, i.e. people cooperating with many clients and companies at the same time, achieve high income even under a contract for specific work. This applies to people with specialist knowledge and skills. Most often, however, the freelancer eventually starts its own business after some time.
Another common feature of the mandate contract and contract for specific work is the uncertainty of the employee about his future. It is much easier – from the employer’s point of view, to break this type of contract.
This applies especially to the contract for specific work; even if a freelancer regularly works with a company, he never knows if he will receive another order. All this means that lenders are not sure whether the person employed under such a contract will be able to pay the debt.
Loan in Good Finance
The solution for such people can be incurring a commitment to Good Finance. Usually, the company does not require the Customer to show documents related to the form of employment. This means that a loan in Good Finance can also be taken by persons employed under a mandate contract and a specific task contract.
Good Finance approaches the issue of earnings differently than most companies – it recognizes that a responsible customer will only decide to commit if he can afford to pay it back. In addition, Good Finance understands perfectly well that people employed on a mandate contract or a specific task contract do not have to earn enough or at least insufficient to repay the loan on time.
This is great news, especially for freelancers working under a specific contract – they are the ones who most often have trouble getting a loan, although their earnings are often relatively high. Thanks to this, they don’t have to look for a bank or company that will be willing to grant them a loan, even for a small amount.
Loan rules at Good Finance
First of all, a person applying for a loan at Good Finance does not usually have to show any documents – all they have to do is fill out the form on the company’s website. Good Finance will confirm the personal data of a potential customer, as well as verify information about him in BIK and economic information offices. This is enough to decide whether to grant a loan.
Good Finance offers its clients two types of loans – installment and short-term. An installment loan can be granted for up to 60 months, while the repayment period of a short-term loan is up to 60 days.
In the case of an installment loan, the Customer may receive up to USD 20,000, while if he decides on a short-term loan, he may receive up to USD 2,500 (or up to USD 1,500 in the case of the first loan).
The cost of the installment loan depends on its amount and the repayment time chose – it is possible to set this amount using the sliders on. In turn, the cost of a short-term loan (when using the service for the first time) is only USD 10 *.
- A loan of up to 60 days is a short-term loan repaid once. The cost of USD 10 applies only to new customers. A representative example for the first Short-Term Loan: The actual Annual Interest Rate (APRC) is 16.21%, the total loan amount (without costs credited) USD 400, the total amount to be paid USD 410, the fixed interest rate 0%, the total cost of the loan USD 10 (in including commission 10 USD, interest 0 USD), loan period 60 days.
- The calculation was made on October 17, 2016, on a representative example. In the case of new customers, the loan amount up to 60 days is determined individually based on the assessment of the customer’s creditworthiness.