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Loan and Customer Rights With Processing Fees

Banks don’t always act in the interests of consumers. In theory, a six-digit number of consumers could claim fees that were illegally paid back. In principle, these processing fees have not been permitted since 2011.

Many banks initially reject customers’ claims in writing, but that’s no reason to resign. Now you can contact the so-called ombudsman of the banks and savings banks associations. As soon as the letter arrives there, the limitation period is suspended; the borrowers do not have to pay financially for the arbitration process.

Limitation periods must be taken into account

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It is important to reclaim the loan processing fee as soon as possible. If a loan was taken out between 2005 and 2011, the entitlements had already expired by the end of 2014. If the loan is more recent, the room for maneuver is considerably greater and there is even an interest claim for the consumer.

The basis for the claiming of processing fees when concluding a loan contract is the credit check for the banks, but the Federal Court of Justice has decided that this workload must not be calculated. Many banks resisted the court order for a long time, but they definitely have to give in in the case of loans that are not older than 10 years old.

The fees can be recovered using sample forms

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Many borrowers ask themselves how they can actually reclaim the illegally paid fees. First of all, it is important to study the loan agreement carefully, here you have to look for the relevant clauses. If the contracts are no longer available, you can request a reprint from the bank. Shipping is free at some banks, while others charge a small fee for this service, but the amount is manageable and it is definitely worth the effort given the prospect of a refund.

If a processing fee is indeed mentioned in the contract, you can find sample letters to print out on the Internet, which you can then fill out and send to the bank. The current legal situation is already taken into account in these sample forms.

If you write a letter yourself, it could be very difficult for laypersons. In any case, the claims must be formulated as precisely as possible, so that processing usually does not take as long. Interest claims are already regulated by the German Civil Code (BGB), so these should be calculated in advance.

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Loan for newborns: history, requirements and application

The birth of a child, although it is a happy event, certainly leads to various expenses that often, especially in this period and for some families, can be difficult to deal with.

To help out families, the Department for Family Policies has established and activated a “Credit Fund for Newborn Babies”.

Okay, let me see the content. Okay, let me see the content.

Taking a step back, we will remember that, initially, the so-called economic contribution was only for those born in 2009-2010-2011. However, the 2014 stability law provided for a three-year extension. The same thing happened in 2015 with the new stability law, which once again provides for an extension of all the concessions of the previous year, bringing news and refinancing some proposals.

The loan for newborn babies now, or the Astro Finance, calling it with the correct name, has been reintroduced and concerns the possibility of receiving a subsidized loan for newborn babies and for children adopted in the 2015/2017 three-year period, no longer a check as it was before.

The credit fund for newborns is not like in the past, with a non-refundable fund, but a real favor allowed for family credit. The Stability Law, in fact, grants a loan of 5 thousand euros to new parents, to be repaid within five years. It must be said that this is possible precisely due to the fact that the aforementioned law has allocated 30 million euros which should go to the aid of young families.

It is possible to apply for a loan for one child or one for each child, which will always be USD 5,000 for each child, with the term of surrender always being five years. Unfortunately, however, the lenders can decide whether or not to give the loan while evaluating the guarantees shown through the applicant’s documents, as they only allow a facility and not the total certainty of the loan.

In any case, according to an agreement between the Government and ABI, the Italian Banking Association requires banks to maintain a very low-interest rate and a fixed Taeg.

Although approved, the new provisions are still being updated, given that the law was implemented and made public only in May 2015.

Okay, let me see the content. Okay, let me see the content.

How the loan for newborns works and who can access it

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All those who exercise a podestà homeland by applying by June 30 of the year following birth or adoption can access the credit for newborns.

Regarding the adoption, we speak of both the national and the international one. As regards national adoption, reference is made to both the pre-adoption measure and the actual adoption.

With regard to international adoption, reference is made to the authorization and residence of the child both for Italy and for foreign countries.

All families who need it can access the fund, as there are no income limits. However, the credit can be used for all goods or services dedicated to children. The child’s permanent residence is issued by the International Adoptions Commission.

The State, however, guarantees through this Fund 75% of the entire sum of the loan requested if the ISEE header proves that the family income is less than 15 thousand euros per year. Otherwise, i.e. if the ISEE is higher than the said amount, the State guarantees 50% instead.

This means, therefore, that it is the Bank itself to admit the guarantee of the Fund by agreeing with the applicant the financeable amount, which can vary from 1000 to 5000 euros and the time of repayment of the same in monthly installments. The debt can, however, be extinguished in a single solution and, in the event of default, the normal procedures for the recovery of the credit are applied.

In the event that the concession was determined through false statements, the loan will be revoked.

How to apply for the subsidized loan for newborn babies

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The application for the newborn loan must be submitted to one of the member banks that can be consulted in the list of the New Born Fund. You must complete an application through a form provided by the bank itself stating:

– their personal details and those of the child, both born and adopted (in the latter case, all the details of the adoption order must be communicated), then Name, Surname, Tax Code, Date and Place of birth;

– specify and certify one’s country of authority and whether it is exercised alone or with another person. If parental authority is shared, it is necessary to communicate the identity of the other party and declare that only one loan is required for a dependent minor.

The important thing that remains to be said is that there is no restriction on the loan application whether the parents are EU citizens or non-EU citizens who have a regular residence permit. In any case, the bank will accept the guarantee and evaluate the granting of the loan based on the length of the stay.

Families who have a child with rare diseases have an additional contribution which reduces the interest rate. In this case, a medical certificate attesting to the actual illness of the child must be attached to the application.

What kind of financing to choose?

What kind of financing to choose?

Although with the new procedures, we are no longer talking about a lost fund but about a personal loan in all respects, it is always necessary to ask your Municipality or your Region what the conditions are for obtaining both the one and the other in order to have clearer ideas on what to do. Please note that, in the case of the non-refundable bonus, the amount of which reaches up to USD 1,500, the sums obtained must not be returned.

As we have seen, with the newborn fund it is possible to receive a loan of up to USD 5 thousand without justifying the use of the sum requested precisely because this type is part of personal loans.

Finally, please note that any financing is chosen, given that the State offers a guarantee to sweeten the preliminary investigation procedures, it is always better, even if not mandatory, to pay off any debt before starting any request.

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What are the requirements for a loan?

Many of us have many projects in mind: those who want to buy a house, those who want a car, those who want to study abroad and unfortunately dreams are not so fast and easy to achieve, especially as regards the economic aspect. Often, these projects require a substantial sum or in any case, especially in this period, not easy to deal with.

There are even those who struggle to make ends meet even without having big plans in mind. Meanwhile, let’s start by saying that the bodies that provide the loan are the credit institutions or the banks.

Loan is consumer credit

Loan is consumer credit

A loan is consumer credit, as is a credit card, for example, and there are various types of loans that are best known.

These reasons cause several people to think about taking out a loan. It is, therefore, useful to know how to move and to know what the requirements for a loan are in case you decide to resort to this to face huge expenses that we would otherwise not be able to bear.

We have the:
– finalized loan, which can be requested directly from the company or entity and which is disbursed through a current account in a single solution or in installments;
– personal loan, which is the solution that almost everyone prefers because its disbursement does not depend on a purchase. The personal loan concerns a fixed installment amount.
– transfer of the fifth, which instead regards the compensation of the debt through the payroll deductions.

Requirements for a loan

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Having mentioned the types, you can now move on to the requirements for a loan, that is, everything you need to apply for it and to know how to repay the debt.

What are the requirements for a loan
Each type of loan described above has specific requirements to be respected, even if there are some basic ones that are the same for everyone, namely:
– minimum age and a maximum age (18-70 years)
– the guarantee of an income
– have a checking account
– be a resident in Italy.

Types of loans

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These requirements for a loan are the minimum required, are the same for all types of loans and are essential for making the request. Furthermore, each credit institution has policies that it will evaluate on the basis of the individual applicant. In fact, they will ensure that the customer is not discovered or is not a debtor in red or that he has creditworthiness.

This information is evaluated by the Bank or the Institute, through specific statistics certified by the GFIC list. In the event that the applicant proves to have problems and therefore is registered in the GFIC, it will still be possible for him to request the grant of the fifth, or he can propose guarantees of the employer in case he was an employee or of the INPS in the case of pensioners, to be able to receive a loan even in the event of bad credit conduct.

However, it must be remembered that, in this case, the costs and fees are greater than any other loan. As we have already said, there are requirements for a loan common to each type, but each Institute can request additional documents or additional guarantees that are not only those defined as “real”, as in the case of a mortgage on the house but concern instead the presence of a guarantor who can take responsibility for paying the debt instead of the applicant, if necessary.
Another guarantee may be the various life insurance policies or the lifetime loan.

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Facts and myths about online cash loans

Hardly any topic arouses as much emotion as borrowing money. It is hardly surprising, then, that so many myths have accumulated about online loans. However, it is worth knowing what is involved in borrowing online and what is far from the truth.

It is not profitable to use loans online – MYTH

It is not profitable to use loans online - MYTH

On the Internet, you can find a huge number of loan offers. Each of them has its own specificity as well as pros and cons. Some provide better and worse financial conditions. However, if you find the right offer, then an online loan can really be financially beneficial. Suffice it to note that there are even online loans that have absolutely zero interest in the market.

And if you want to get a really good offer without spending a lot of time on analysis and comparison, it’s worth using a professional comparison engine. Thanks to it, you can instantly receive an offer that will be tailored to the requirements and capabilities of the person.

You can borrow up to several thousand dollars on the network – MYTH

Some associate the internet loan market only with the so-called payday loans, i.e. short-term loans up to several thousand dollars. In fact, the online loan market can be divided into many segments.

Therefore, you can also borrow large amounts, e.g. PLN 20,000, on the network. Loans for higher amounts are usually broken down into installments, which makes repayment easier.

The online loans market is developing very quickly – FACT

The online loans market is developing very quickly - FACT

The dynamic development of the online loan industry in Poland is impressive. The number of loan companies is increasing so quickly that it is difficult to count how many of them currently operate. The growing supply of online loan offers is a response to the growing demand. There are more and more people in Poland who are interested in borrowing online. This is hardly surprising since you can borrow online quickly and without unnecessary formalities.

Most specialists indicate that the online loan industry in the country on the Vistula should continue to grow rapidly. It is worth noting that borrowing on the Internet is popular not only in Poland but also in many other European countries.

An online loan can be obtained with negative entries in the BIK – FACT

Negative entries in the catalogs of debtors such as KRD or BIK appear when a given person has not repaid their obligations related to e.g. a bank loan, within a contractually agreed period. One such entry is enough to have trouble getting another bank loan. The entries you have, e.g. in KRD, can be checked on the website, although you may have to pay a small fee.

In the case of online lending institutions, however, the situation is different, and numerous loan offers can also be obtained if you previously had a problem with timely repayment. After all, it is worth paying off obligations on time and taking care of positive credit history. Thanks to this, you can count on better loan offers in the future.

It is worth knowing that people who are currently struggling with debt also have a chance to receive a loan. Some online loan companies grant so-called loans for those in debt.

Lies in the online loan application go unnoticed – MYTH

When applying for a loan online, you don’t have to submit a file of documents, and as a rule, the formalities are kept to a minimum. Lenders assess, therefore, the credibility of their clients mainly on the basis of information that they enter in the application form.

Such a situation may lead to the temptation to enter false information in the application, e.g. overstated income. However, you should be aware that loan companies can verify that the information provided by customers is true. Therefore, a lie has short legs and catching it results in rejection of the application and loss of the possibility of obtaining a loan.

You can’t trust loan companies – MIT

You can

Loan companies carry out legal activities in accordance with the law. The vast majority of them are trustworthy. Of course, as in any industry, you can also come across suspicious entities on the online loan market.

Therefore, you should always borrow reasonably and pay attention to who you borrow from and read the loan agreement carefully. You can also use the list of loan companies, which are provided by the PFSA.

It is worth remembering about the security of your personal data – FACT

When applying for a loan online, you enter a number of your personal data. Nowadays, their safety on the Internet is extremely important. Loan companies also have this in mind and store personal information on secure servers.

However, it is also worth taking care of your own safety. Therefore, it is recommended that you complete the loan application from your private computer using your home Internet network. You should also follow the principle that personal data is only entered on pages whose address begins with “https” instead of “https” because such pages are secured.

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Currency exchange office of the mortgage bank

Currency exchange office of the mortgage bank. If you have completed the early termination of your fixed-rate mortgage in order to move to another institution, it will often be more difficult to switch providers.

Now I want to switch to a cheaper lender. We also transfer other banking products such as mortgages and deposits. When changing banks, we make sure that no aspect is forgotten.

Join now and get the benefits

Join now and get the benefits

You can set up a customer account with us on the Internet – whenever and wherever you want – or on-site at one of our branches. The balance letters to the previous bank and credit card institutions are prepared by us in such a way that you can solve the business relations.

The letters for the payer of regular payouts are written by us. In addition, we inform the recipients of your current services (standing order, LSV +, e-banking, etc.) such as health insurance companies, landlords or insurers your bank account.

We also transfer other banking products such as B. Financing and deposits. In doing so, we make sure that no aspect is left out when changing banks.

Mortgage models

You will find contemporary, tailor-made mortgage models with us, which are divided into the structure of interest rates and maturities. You have a clear relationship to the fixed-rate mortgage: the amount, interest and maturity are determined in advance. Even with rising interest rates on the capital market, there will be no change in the fixed-rate mortgage. The fixed interest rate allows you to plan your expenses in the best possible way.

An indirect write-down on the fixed-rate mortgage is possible

An indirect write-down on the fixed-rate mortgage is possible

\With the Flex mortgage one benefits from the market: If the market interest (LIBOR interest rate) falls, one profits from quarterly interest rate adjustments due to interest rate cuts. If interest rates rise, it is possible to switch to another mortgage model by the end of the next quarter. The period of the flexible mortgage is arbitrary between 2 and 5 years.

Indirect redemption of the Flex mortgage is possible. The variable mortgage is the flexible mortgage model. It has no fixed maturities and the interest rate depends on the conditions on the money and capital markets. You also have the option to change to another mortgage product at any time. Currently, a variable rate mortgage is available from 2.875%.

The loan will be exchanged for a mortgage upon completion. The interest on mortgage loans currently amounts to 1.50% net during the construction period.

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Inquire about your loan for pensioners

There are some customer groups that have a lot of difficulty in getting a loan from many banks than employees. Sometimes it can also happen that hardly any bank agrees to give these customers a loan at all.

Among other things, the pensioners also belong to these customer groups, who no longer receive loans from a few banks. On the one hand, there is hardly a safer “income” than the pension, but on the other hand, of course, the risk of death increases with age. As a result, quite a few banks consider it too risky to lend money to a 70-year-old, for example, that he may not be able to pay back due to his death.

But there are also banks that still lend money to senior citizens. Some institutes even go one step further and offer a special loan for pensioners.

What distinguishes the loan for seniors?

What distinguishes the loan for seniors?

When talking about pensioner loans or a senior loan, these loans are almost always installment loans. On the other hand, the loan for pensioners can also be classified in the area of ​​special loans, since the loan is only intended for a very special customer group, namely the senior citizens/pensioners.

In this respect, the loan for seniors can in principle be sorted into a similar group to that for loans for students or for loans for the self-employed. Because here, too, the respective loan is only granted to a very specific customer loan. Even if there are not so many loan offers in this area, you should, therefore, compare the few offers with each other.

Because pensioners in particular often have to reckon with every euro, so the search for a cheap loan can be worthwhile. Our recommendation is, for example, E-Money. The loan broker does not offer a special loan for retirees, but the installment loan offered can also be used by senior citizens, among other things, and at a very low-interest rate.

What are the conditions to be considered for pensioners’ loans?

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At some banks, pensioners can also get a special loan for seniors, but the senior loan is almost always associated with certain restrictions or the lending is subject to certain conditions. First of all, these are the “normal” credit conditions for loans for pensioners.

These include that the Credit Checker must not be negative and that the income, in this case, the pension, must be high enough to be able to pay the later loan installments. For this purpose, a list of income and expenses is usually drawn up, on the basis of which the freely disposable income can be determined.

In addition to these general loan conditions, there is a special condition to be considered for senior citizens’ credit, namely a certain maximum age. Because even pensioner loans are not granted to people who, for example, are already 80 years old. In most cases, the age limit for such loans is between 70 and 75 years.

Credit insurance and other loan collateral to hedge risk

Credit insurance and other loan collateral to hedge risk

Mainly due to the fact that the risk of death, and thus the risk of default, is naturally increased among pensioners as borrowers, some banks only grant loans to pensioners on condition that credit insurance is taken out.

Such residual credit or residual debt insurance is primarily a protection for the bank because the insurance pays the outstanding credit debts if the insured / borrower should die before the loan is repaid in full.

If you do not want to take out such credit insurance, which of course involves additional costs, you can alternatively provide different loan security. Above all, it is possible to pledge securities or savings that the bank could use in “damage” to settle the outstanding claim.

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Renewable Energy Loans: Green Loans

Taking care of our planet is important and the ways in which we can do it are many. The two most “popular” are certainly the decision to purchase and use a “green” plant for the production of energy and the purchase of an electric car.

In this text, we want to see the most interesting categories of financing for renewable energies, which are those chosen to buy “green” objects, capable of improving the quality of our planet.

Discounted loans for renewable energy

Discounted loans for renewable energy

Banks and financial companies offer subsidized rate loans for the purchase of plants for the production of clean energy, such as wind or photovoltaic.

These loans allow you to repay the sum that was obtained on loan by paying installments at, particularly subsidized rates. The economic advantage is undoubted and for this reason, more and more people decide to abandon the classic sources of electricity production to rely on the “green” ones.

Solar panels

The purchase of solar panels allows you to take advantage of the sun’s energy to generate electricity to be used for everyday needs. The solar panels, usually mounted on the roof of houses or sheds to try to exploit every smaller ray of sunshine, are connected to a generator that transforms the rays themselves into electricity to be used as needed.

Photovoltaics

Photovoltaics

Photovoltaics is probably one of the most widely used alternative energy sources nowadays. Day after day, more and more proven houses, condominiums or companies that use photovoltaics to meet their energy needs. In addition to the advantage of no longer having to pay electricity bills, there is also the possibility of reselling the electricity produced in excess and earning some money thanks to the Energy Bill.

The purchase of photovoltaic panels is increasingly widespread also thanks to the fact that prices drop from year to year with the improvement of technology and increasing competition.

In order to get the most out of the photovoltaic panels, it is important that they are in a sunny position, such as on the roofs of buildings, even if this does not mean that it is necessary that they receive direct sunlight, since they are in able to absorb the light of day, therefore they also work on particularly cloudy days.

Wind farms

Wind farms

Wind power is a technology that has been developing a lot in recent years. As we can understand from the name, it is a way of creating electricity through the force of the wind, which makes wind turbines connected to a generator that creates electricity.

Wind power is still more expensive today than photovoltaic and for this reason, it does not have the same diffusion.

Electric cars

Electric cars, thanks to zero emissions, are a great way to protect the environment. Anyone looking for financing for electric cars can turn to most banks or finance companies, with the certainty of receiving economically advantageous solutions.

The loans are aimed at both the purchase of new and used electric cars, of any brand and engine size.