Month: January 2020

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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

money

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

cash

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.