15% of Poles to take out bank loans

Within the coming year, 15 per cent of Poles desire to take out bank loan or credit. However, 65 percent of them has other financial liabilities to pay, according to research done for the Credit Information Bureau and Kronenberg Foundation. The research also demonstrated that the majority of Poles does not wish to take out credit within the upcoming months, but bank loans are becoming increasingly popular, in particular installment and cash credits. Half of the studied Poles declared that the loan will not exceed PLN 10,000, with 7 percent of the studied group indicating the amount of PLN 100,000 or more. Poles plan to spend the money mainly on household appliances, home redecorating or a new car – 27, 22 and 13 percent, respectively.