Month: April 2019

Revolving loan without proof: What you need to know

by Peter Clark

Conso credits are forms of loans dedicated to individuals. revolving loan is one of the most sought-after forms of this form of credit. Most subscribers contract with traditional financial institutions. Yet many online banks now offer these formulas.

The benefits of subscribing to a revolving loan online

The benefits of subscribing to a revolving credit online

Online banks are more and more successful today, and for good reason! They respond to credit requests from clients faster. In addition, they plan to gain more notoriety by accepting all subscriber profiles. Whether you are unemployed, over-indebted or retired, it is possible to take out a loan according to your needs.

Moreover, if the revolving loans are quite expensive in traditional banking institutions, it must be said that they are rather affordable on e-bank. While the accumulation of monthly payments after many renewals remains quite heavy, however the rates are much more attractive and are also much easier to negotiate.

The amount you borrow can be paid in less than two days if your record is solid. In addition, you will not usually have to pay additional fees. Despite all these advantages, however, you must carefully choose your offer of revolving loan.

How to obtain a revolving loan online

How to obtain a revolving credit online

Given the virtual nature of the institution, the operation must be done from your computer on the site of the institution that interests you. You will need to follow the recommendations on the bank page and call the office if there is a problem.

You will most often have to fill in a specific form and send civil statements and administrative documents if necessary. In any case, most of these types of financial institutions do not require proper documentation. Thus, you will not usually have to give papers proving your creditworthiness.

In order to create a good record for your revolving loan , we encourage you to send your bank your latest payroll (if you have any), your latest bank statements and other documents that could prove the good health of your bank. your finances. This is not mandatory, but if you do so the credit will be issued faster, which is handy if you need money urgently.

Refinancing or new loan: what comes out cheaper?

by Peter Clark

Refinancing a loan or financing is a common option for anyone who wants money in a more emergency way. However, there is also the option of getting a new loan to clear your previous debts. Which of these options is best for your financial health? Let's compare some of them.

Refinancing: What is it?

Refinancing: What is it?

A refinance is a new loan that you take out to repay your old loan. A traditional refinance will require that you have already taken out a portion of the loan or financing, usually between 20% and 30%.

Why Refinance?

Why Refinance?

There are many reasons why you may want to refinance a loan or financing. For example, you may want to reduce your payments or interest rate. Or you may want to extend or shorten the duration of your financing, or add or remove someone from your existing loan or financing.

What happens when you refinance?

What happens when you refinance?

It is similar to the process of when you obtained your loan or original financing. As this is a new loan, you will receive a new loan / financing number and your new loan may have different terms than your old one.

Before contacting the lender to consider refinancing, it is recommended that you review your financial situation or get a professional credit report. Generally speaking, the higher the credit rating you have, the better the interest rate for which you qualify, and the more money you will be able to save. You will also need to show enough income to pay for the new payments as well as the expenses of your home. It is important to be up to date on your financing payments for a property, car and credit card for at least the last twelve months when considering refinancing to stay within your budget.

What are the costs involved in refinancing?

What are the costs involved in refinancing?

Just like a regular loan or financing, it is important to compare the Total Effective Cost of Refinancing with the CET of the current loan or loan to know if refinancing is worth it. A smaller CET means lower total interest costs, and more money left in the portfolio.

Refinancing or using a new loan can be good options for repaying your debts with interest or more advantageous installments to your pocket. (Photo: Credit.com)

New loan to repay financing or another loan: how does it work?

New loan to repay financing or another loan: how does it work?

To repay your current financing or loan debts, a person can either use credit portability or get a new loan with more advantageous terms to pay off existing debts. The main reason to consider this new loan is to have more affordable payments, with better interest and payment terms than a refinancing loan. It is also the option used for those who do not yet have a minimum of 20% to 30% of capital already paid by the loan and financing, which automatically excludes a person from the possibility of refinancing.

What can I change by getting a new loan to pay off my current funding or debt?

What can I change by getting a new loan to pay off my current funding or debt?

Looking for a new loan means completely changing the terms of your current loan or loan. This may include lowering the interest rate or changing the payment scheme for SAC or PRICE, for example. It is also possible to reduce or increase the number of installments of the loan by facilitating payment terms.

It is worth remembering: before confirming the new loan, compare the CET of your current loan or loan to ensure that the values ​​of the new loan are more advantageous.

Refinancing or new loan: what comes out cheaper?

Refinancing or new loan: what comes out cheaper?

It depends largely. Generally, a refinancing makes it possible to increase the number of installments of a loan or loan more than the reduction of the CET. But for example, when the rate rate falls and the interest rates of the banks also fall as a result, if you obtained a loan or loan with a higher rate, you may be able to refinance with more advantageous interest rates when it goes down. It is always good to go comparing to see when it is a good refinance deal. If the interest has gone down but you do not yet have a minimum amount paid for your loan or financing, there may be the option of portability of credit or obtaining a loan / financing in better conditions, although it may be a little more difficult that.

In both cases, refinancing or new loan, it is possible to increase or reduce the installments that are still due. This can result in smaller installments in the financing / loan, which can relieve a little in the pocket every month. However, it is important to remember that more installments can mean more interest being paid, and less installments, less interest. Evaluate your financial situation well to be able to pay the highest possible amount in the installments and pay off your debt as soon as possible.

What would you rather do: refinance or get new loan? What is best for your finances? Ever had to refinance or get a new loan?

20000 Euro Loan – Payday Loan Consolidation

by Peter Clark

A very favorable offer for a 20000 euro credit with 48 months duration holds the Camibank ready. There, the monthly repayment rate is only € 453.44 and remains constant from beginning to end.

So you get a loan

This also applies to the individually agreed borrowing rate. However, this is credit-dependent and can be between 4.29 and 10.99%. Customers with a good to very good credit rating have a particularly high chance of a low interest rate. A second applicant can also help to improve creditworthiness and lower the borrowing rate.

An alternative to the Camibank could be Creditos. There is also a very reasonably priced 20000 euro loan with 48 months duration offered. As a monthly repayments, customers would have to raise 453.96 euros.

All this happens at a credit-dependent borrowing rate of 4.35 to 10.90%. Almost as cheap as the Camibank and Creditos. is the Credit Europe Bank. Here, the APR for the € 20,000 loan with a maturity of 48 months is between 4.40 and 11.95%. The monthly repayment rate is uniform at 454.39 euros.

A 20000 Euro loan can be conveniently requested on the Internet. If you are interested, you only have to visit the websites of the respective banks and can apply for your desired loan there. Almost every bank has prepared a special application form for the € 20,000 loan, which the customer only has to fill out and then return to the bank. Within a short time, he will then receive an interim decision on the approval or rejection of his loan application. However, the bank can not make a final decision until it has received all the necessary documents in writing. This also requires the PostIdent procedure.

Every loan application is checked very carefully by the banks. This is usually done on the basis of certain criteria, which are binding for all German banks and savings banks. Every borrower must be at least 18 years old and have an official residence in Germany.

Credit only with good credit

Credit only with good credit

Reaching the age of majority and a permanent residence are indispensable, but not enough for a loan approval. For this, additional conditions would have to be met, which include, above all, a good credit rating in the form of flawless private credit information and a sufficiently high income. The latter must be paid on a regular basis and therefore necessarily result from a job as a permanent employee.

In addition, it is also very important that the borrower is no longer in the probationary period and is not a loan or temporary worker. Appropriate evidence must be provided at any time. Otherwise, the loan application must be rejected. The banks then appear to be too big a risk. This is mainly because the regular monthly income is often the only security a private creditor can prove.