September 22, 2024

There have always been and will always be people who need to fund their immediate consumption and those who want to invest (borrow) their cash. The current Czech legislation sets out the conditions to ensure that the whole process of lending in the Czech Republic is transparent. It also ensures that providers are fair in their approach to borrowers and that loans are not granted to high-risk borrowers. Providers are legally obliged to screen potential borrowers and if there is a high risk of future default, the loan may not be granted. Only financially strong companies are now left on the market, and they are under strict regulation by the Czech Central Bank, which oversees the fair and ethical conduct of all entities.

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