The Best Personal Loans in Poland

Compare the best options on the market and choose the one which best adapts to your day to day needs.

Further Below: Our Guide To Personal Loans in Poland, Everything you need to know.

1. Alior Bank

  • Excellent loan conditions for both new and old borrowers
  • Loans of between 500 and 80,000 PLN
  • Competitive interest rates of 5.12% p.a
  • Favorable repayment periods of between 3 months and 120 months
  • Fixed interest rates for long-term loans
  • Has few additional costs
  • Provides loans for a variety of purposes
  • Available to applicants with enough income

2. BNP Paribas SA

  • Affordable interest rates of 6.5% p.a
  • Flexible loan limits of up to 70,000 PLN
  • Excellent loan conditions
  • Available for all purposes
  • Provides financing under less strict requirements
  • Excludes insurance charges
  • Loan size grows with timely repayments
  • Friendly repayments of up to 7 years


  • Get a loan of up to 50,000 PLN
  • Provides loans to creditworthy clients
  • Attractive interest rates of 6.8% p.a
  • Available for a variety of purposes
  • Has fewer eligibility criteria than other top banks
  • Friendly repayment terms of up to 7 years
  • Has few commissions

Personal Loans in Poland, All You Need To Know:

Make an easy, quick comparison of the best personal loan offers in the market right now. We made this process free for you and have gone ahead to avail you of all the information you’ll need to identify an offer that’s most consistent with your financial situation. 

Below, you’ll also be up to date with the latest news concerning personal credits and how the events affect lending in Poland.

The current market for personal loans

We do quality research every month to leave you updated with the latest current affairs and explain to you how that would affect you as a credit consumer. Take a read!

  • Being a country that neighbors the war zone, Poland has been a big shoulder for Ukraine during the ongoing Russian invasion. However, that has come with some consequences on the Polish economy with economists saying that the war has caused a significant drop in business confidence from as early as March 2022. According to experts, many companies have reduced their operations citing the spiraling inflation of prices, over-the-top energy prices, and lack of support from the government.
  • The Polish Government, working with the European Commission, has introduced the €1.2 billion Polish scheme which is equivalent to PLN 5.5 billion to rescue companies that are facing hard times during the war in recognition of the fact that the EU is hardly hit by the ramifications of the invasion. The scheme is divided into two major forms: providing guarantees on new loans and providing guarantees on factoring products.

Click here to get more information about the scheme. With the scheme, companies will maintain liquidity and remain resilient through these hard times.

How to compare between online loan offers?

We all love to compare commodities. It is one way in which you can end up with a very good offer at affordable prices. This method works for literally everything you want to buy including loans. You only need to identify the best loan offers and compare their conditions to end up with the best among them. 

These conditions include the amount, interest rates, repayment period, purpose, commissions, cost of the links, etc. 

For example to buy credit offers and save 600 euros

In the following table, we can see how to compare online personal loan offers taking into account all factors.

Insert Table

By copying this table and performing different simulations according to the project we want to finance and the offer made by each entity, we will be able to know which one will be the best simply by comparing the total cost.

How to use FUNDGECKO to get personal loans

We understand that the process of hiring for loans can be daunting. This is why we do our best to equip you with rich information so you can take out a loan like a pro. After knowing all it takes to hire the best offer, you’ll realize that using our website is pretty simple:

  • Considering the conditions of each loan, compare for free the best available loans
  • Take time to read through their contractual terms and the small print
  • As questions may arise along the way, be sure to reach out to us in the FUNDGECKO forum thanks to its experts and other users.
  • Click on “contract” to head over to each entity’s website and get started with the application
  • You may come back and leave your feedback about our services to new clients who’d wish to work with us.

Why do you look for personal loans?

Many entities in Poland offer personal loans and there are a host of purposes for this type of credit. Hence, for whichever need, personal loans come in handy.

Here are some of the purposes:

  • Renovating a home
  • Financing your short course
  • Buying electrical appliances
  • Buying a smartphone or laptop
  • Overhauling your kitchen
  • Financing your car
  • Financing a vacation or trip
  • Completing your project
  • Making big purchases
  • Financing a reform
  • Consolidating your debts

And the list goes on. 

It’s however important to note that some of these purposes have loans that are designed to address them. For instance, instead of hiring a personal loan to finance your studies, you’d rather take out a student loan, which certainly has better financing conditions. 

How to apply for a personal loan?

The process of applying for personal credits is somewhat short and less taxing. You only want to follow through with the guidelines to reduce the chances of having your application canceled. 

  1. Identify more than two loan offers that seem to address your financial needs. Consult about the conditions of the entity to know what they offer. Compare their conditions to end up with one, the best among the three. 
  1. The lender will send you an application form which you’ll need to fill out with the most accurate personal data. Be sure to also specify to the lender your preferred loan conditions in terms of the amount and repayment time before sending the form back.
  1. Receive pre-approval message. This happens immediately for the online mode and after 48 hours for the physical application. 
  1. Prepare and send all the supporting documents requested by the entity. You may send them online or physically drop them at the entity’s offices.
  1. After approving your application, the lender will send you pre-contractual information where all the conditions of the loan (amount, term, interest, commissions, etc) and how the loan works are detailed.
  1. If you like everything about the contract and are sure of how it works, sign up for the contract either through digital signature or by visiting the entity’s offices.
  1. The lender will then release the funds to your account either after a few minutes or a few days.

Requirements for personal loans in Poland

You want to make sure that you get the funds at the end of the application process. This is why you want to know all it takes to do so and to play your part very well. 

Here are the most basic requirements you’ll need to meet:

  • Age. While some entities provide financing to borrowers at 18 years, many of them have a minimum age requirement of 21 years. Some lenders also have an age cap which is between 65 and 75 years.
  • Be a resident of Poland. Entities will not look at your nationality as much as they will look for a residence permit. Some will require that you hold the permit for at least 6 months
  • Collect a stable and sufficient income in Poland. Many companies will dismiss your application if you collect no income, insufficient income, or if you collect it outside Poland
  • Do not register a negative credit score on the Credit Reference Office (BIK). Ensure that you have a balanced credit to income ratio. However, some entities skip this requirement.

The bottom line is taking out a loan when you truly need it, are sure that you’ll repay it with ease, and don’t have any outstanding debts to avoid over-indebtedness.

Documentation for applying for a personal loan

Your lender will ask you to send supporting documents to ascertain that you meet all the requirements mentioned in the previous section;

  • Valid identity card or passport
  • Bank statements where your income and expenses of the previous months are detailed
  • Your latest income tax return (especially for big loans)
  • Your last three payslips or other forms of income
  • Proof of purpose for which you’re taking out the loan. The lender will need to go through your budget for the project, especially when hiring a big loan

Who grants personal loans in Poland?

Since the 2008 financial crisis, the Polish market system has been evolving, slowly but surely breaking loose from the monopoly of banks. This has come about because of the emergence of different lending institutions, each looking to make a niche for itself. While banks still hold a tight grip on the lending market, some non-bank entities have made significant progress to the point of competing with banks.

Entities that grant personal loans:

  • Bank entities
  • Credit Financial Institutions (CFE)
  • Private Lenders
  • P2P Lending Platforms

Obtain financing through banks

  • Offers big loans
  • Offers a variety of friendly products
  • Have long repayment times
  • Have generally lower interest rates than other lenders
  • Slow processing of funds
  • Expensive due to many commissions
  • Requires seniority
  • Offers more related products

Credit Financial Institutions (CFE)

  • Offers financing for many purposes
  • Have very friendly interest rates
  • Have fewer commissions and bonding
  • Fast and easy application
  • Has strict eligibility requirements
  • They operate only through stores or dealerships

Getting loans online with private companies

  • Fast processing of the loan
  • Less strict eligibility parameters
  • Seniority is not required
  • Easy and completely online application process
  • Expensive due to very high interest rates
  • Can be easily abused, hence, sinking you to over-indebtedness

Personal Loans through P2P Platforms

  • Excellent financing services
  • Fast, easy, and online application process
  • Offers no related products
  • Slow processing of the funds
  • Very uncompromising requirements
  • Few platforms that provide financing to individuals

FAQ: Frequently Asked Questions

What is a personal loan?

A personal loan is a type of consumer credit that’s taken out for a particular purpose (such as buying a car, financing your project, making a big purchase, renovating your bathroom, etc) and expected to be repaid after a specified time. The lending and repayment process is governed by several conditions which are set by the lender and agreed upon by the borrower. 

These conditions vary with entities and require keen attention so that the borrower may sign up for something they are prepared for. The Polish Loan Market Authority, however, regulates these conditions so that consumers can get friendly offers.

Why don’t you give me personal loans?

Personal loans are given only to clients that meet all the spelled-out requirements. While lenders are not obliged to provide financing to all their lenders, failure to meet a single requirement may have your application dismissed.

You may have failed to meet an entity’s requirements on age, income, and credit score. Moreover, your data in the application form could be conflicting with that in your supporting documents. 

What is the INE form for a loan?

This is a document that we receive from the lender that indicates and explains everything about the loan we are taking out. The document details the loan conditions: the amount, the term, the interest, the APR, the commissions, the possible insurance, and every other information about the loan.

What is the binding offer of personal credit?

A binding offer allows the borrower some time (a minimum of 14 calendar days) to freely compare other loan offers without losing the current offer.

Can personal loans be paid in advance?

Certainly! Most lenders allow for early repayment of the loan either in part or in full. You’ll be required to notify the lender if taking this step. You may face an early repayment fee whose percentage is lower with the nearness to the initial repayment time.

What if I take out a loan online and then regret it?

Polish regulations have also allowed for borrowers who take out loans and then wish to withdraw. A borrower has 14 calendar days after taking out the loan to withdraw it without any problems. However, if they wish to cancel the loan beyond the safe 14 days, they may face some penalties.

What happens if I don’t pay back a personal loan?

A loan is an obligation to which you must commit once you receive the funds. If not, the lender may take legal actions against you such as filing a lawsuit, auctioning your property, etc. This will also hurt your credit history and hinder you from getting a loan in the future.

When to Apply for a Personal Loan

One of the best purposes for taking out a personal loan is consolidating other debts. In this way, you’ll be left with only one loan, making it easier to track it and repay it. Moreover, a personal loan is taken out when you have personal financial needs such as remodeling your home, buying a smartphone, etc. 

You’ll need a personal loan if faced with an unexpected but significant financial need.

When to Apply for a Fast Loan

A fast loan is a quick, small financial injection designed to address small needs that require our immediate attention. A fast loan is taken out to clear a medical bill and make a small unplanned purchase among others.

Due to the ease of application, fast loans can be easily abused, hence take them out when you truly need them.

Wrapping Up

So far, we hope to have met all your questions regarding personal loans in Poland. The loan options we’ve suggested to you are incredibly amazing and we hope you hire one soon. 

Remember to take out loans responsibly and beware of scammers. 

About this page, our methodology

What this page is for: we are here to help you get the best financial product that addresses your needs. Hence, we walk you through all it takes to get the current best offer, explain terms, how to compare offers, and how to assess your financial situation viz-a-viz these loans; the whole nine yards.

Source: The information regarding the best loans, their main characteristics, and their regulation have been drawn from the Polish Law on consumer credits, and the Loan Market Association.

Methodology: The data relating to the conditions of these products (amount, term, interest, etc.) have been obtained through online research and consultation of the official statistics of the aforementioned reference sources.

About FUNDGECKO: we are an online comparator website that offers assistance in personal finance and home economics. Besides comparing the different loan options, you get rich information on how to identify the best option that perfectly fits your situation.Note: the services we offer are totally free for the user, as FUNDGECKO obtains its income from advertising and its featured products.

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