On maternity leave, you may easily find yourself in a financial crisis through irregular payouts or unexpected expenses such as buying a new stroller or crib.
Loan on MD
If you need fast cash to pay for children, a short-term loan for women can help you. Only a few companies offer a loan on maternity leave. Its amount ranges from CZK 500 to 100,000. Due to small loans of up to 12,000, maturity is usually only 30 days, with the possibility of extending up to one month, which usually does not require fees.
Loan for moms
A maternity leave loan offers the advantage of having a home-based online service; You can handle everything using the internet and the phone. For microloans, you must have your own bank account, which you need to verify by sending a verification fee of CZK 1, or by confirming a framework agreement with a special sms sent to your phone. In some cases, the first loan is sent to you by post money order or you can withdraw money at the Sazka terminal. You will receive a maternity leave loan without proof of income or with an income of at least 9,000 (if you apply for a higher amount over 5000 CZK), the debtors’ registers are not consulted. Neither a guarantor nor a pledge is required. In addition to the classic loan, you can draw on a so-called Revolving Loan (after paying a certain amount of loan you are credited with another amount per account). For some maternity leave loans, you must provide the following documents – maternity leave or parental allowance, identity card, child’s birth certificate, account statement, sometimes also a rental agreement or an operator’s statement to verify the address; income and valid OP document.
A maternity leave loan is a non-purpose loan. You can use it according to your needs. In case of early repayment, you can borrow a higher amount, depending on your scoring. As a rule, you are informed about loan approval within 60 minutes. You will be sent money immediately. You may not have execution or be insolvent.
Banks lend loans to women on maternity leave only in exceptional cases. The condition is to have a bank account with the bank for at least three months, a stable income and a clean register of debtors. Sometimes a co-applicant is needed – husband or guarantor. The advantage is lower interest rate compared to non-bank loans, possibility of early repayment without any sanctions or possibility to increase the loan. Loans on maternity leave can also be selected by credit card. For credit cards you need to have clean registers and income of at least ten thousand crowns. Always read the contract properly, calculate which loan is worth, whether you will be able to repay the maternity loan. Some companies offer to postpone or even forgive several installments if you repay regularly.