The Big Family Card is a nationwide program developed by the Ministry of Labor and Social Policy for families with many children, regardless of the amount of income. It is applied for in the commune competent for the place of residence. Parents can use it throughout their lives, and children up to 18 years or, in the case of students, up to 25 years. Under government cooperation with public and private companies and institutions, families with three and more children can benefit from many discounts on various articles and transport services (e.g. on public transport), cultural (e.g. visiting museums) and recreational (e.g. entrance to the swimming pool). Card Holders can also count on attractive promotions in the field of financial services. For now, three banks have joined the project which mainly offer RORs for PLN 0, credit cards without annual fees or preferential conditions for granting loans, e.g. reduction of interest or commission. However, only the first two give discounts on cash loans.
Loan for a lower percentage
The largest retailer of the Polish financial market offers families with a Large Family Card and intending to take advantage of a cash loan two interest rate rebates. The first in the form of a reduction of interest rate by 1 pp. we get it for the mere possession of the Card. The second discount – the interest rate lower by a further 2 percentage points, is granted when 50% the loan will be used for a purpose related to the education of the child. The condition for receiving the discount is the presentation of a document that confirms such use of an additional cash injection. Thus, together we can take out a cash loan in the amount of 1000 to 120 thousand. PLN for up to 96 months with an interest rate of 3 pp lower than the standard offer.
Loan with a Large Family Card
At Bank, a family with at least three children who take out a cash loan can count on a fee waiver. This means a saving of 4-6%. the amount of the commitment that the bank normally charges for giving the commitment. The second option is to reduce the preparatory commission by 50%. and to cut interest rates by 1 pp. Card holders are also entitled to lower interest rates and the possibility of funding in the amount of 100 thousand. PLN without any security. The cash loan at Bank starts from PLN 1,000, and you can get a maximum of PLN 150,000. zł. Repayment of the liability can be spread even into 120 monthly installments. The initial credit decision is issued within 15 minutes.