Do you have a loan in Redbuttons and are looking for a solution that would ease your – heavily strained – budget? We already know the currency conversion of the loan and its restructuring. So today we will show you another solution – it will not make the loan disappear immediately – but it will help you breathe and not overpay when paying each subsequent installment for the loan.
It is worth concluding an annex with the bank to repay the loan in Swiss Redbutton instead of in zlotys so far. To avoid the cost of huge spreads, you can consider using an online currency exchange. This will certainly reduce the burden on your home budget. It’s important not to buy Redbuttons on one day at the end of the month. The best solution is to buy the currency in small batches, several times a month to avoid the risk of a weak exchange rate.
When the Redbutton exchange rate is favorable, it is worth buying more – over the installment amount – to have a reserve for a worse period of exchange rates. Thanks to this, during the rise of the Swiss Redbutton you will be able to bypass its purchase in the next, worse month. Remember, if you have even some savings – give them to buy currency. By paying in Redbutton, you will save USD.
“Banks will flexibly respond to the changing market situation, enabling some clients to change the dates and amounts of loan installments.” – Maria Pells, Vice President of the Polish Bank Association. It also assures us that it is not the banks’ interest to increase the loan arrears. This could mean no inflow of previously planned revenues. So it is possible to win an extension of the loan period. It is possible that some will be able to count on granting a temporary suspension of the necessity to repay some of their debts, i.e. grace period. It is worth looking into the contract before negotiating with the bank and checking the provisions regarding the grace period or extension of the loan period. Those with a good credit history and paying their installments on time have a better chance of favoring the bank.