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The loan restructuring.

 

With the home loan it is possible to obtain liquidity for the main needs concerning the home, including the renovation loan.

The loan for renovation can be requested to finance different types of interventions on the property:

  • ordinary maintenance work on the property, or interventions of limited scope such as refurbishment of the plaster or new flooring (this is the most frequent case);
  • extraordinary maintenance interventions of the property, or works that touch the load-bearing or in any case primary elements of the building (e.g. the roof);
  • works aimed at modifying the perimeter of the property and its appurtenances, such as the expansion of the premises or the construction of garages and parking lots (the so-called “major works”).

As with the home purchase, applying for a renovation loan can be a viable alternative to a mortgage renovation. The financing process is more streamlined and faster, and neither a mortgage nor the use of a notary is required. There is a limitation of the amount payable equal to approximately 50,000 USD.

No specific guarantees are required.

The elements of the loan agreement

The elements of the loan agreement

The law states that a restructuring loan agreement must contain the following elements:

  • the interest rate applied;
  • any other prices and conditions applied, including higher charges in the event of late payment;
  • the amount and methods of financing;
  • the number, amounts and due dates of the individual installments;
  • the annual percentage rate of charge (APR);
  • the detail of the analytical conditions according to which the APR can be possibly modified;
  • the amount and reason for the charges that are excluded from the calculation of the APR;
  • any guarantees required;
  • any insurance coverage required and not included in the APR calculation.

Law guarantees

Law guarantees

The law guarantees the consumer the possibility of carrying out the early repayment of the loan. If the consumer decides to choose this option, in addition to the reimbursement of the residual capital, he could pay a penalty that must not exceed, by law, 1% of the financed capital; the exact terms of the penalty are shown in the contractual conditions signed.

Criteria of the restructuring loan

Criteria of the restructuring loan

Below we schematically illustrate some specific evaluation criteria of the restructuring loan.

  • Risk policies : each Institute applies its own risk policy in the evaluation of requests, based on the statistical data it possesses (credit scoring). These data constitute the tool that allows the Institute to keep insolvencies below a certain level.
  • Income level : the acceptance of requests is normally also subject to the appraisal of the applicant’s level of income and the relationship between the latter and any repayment installment.
  • Credit reliability : the creditworthiness of the applicant is of great importance. It is important to stress that this assessment has no “moral” meaning. The Institutes merely estimate the level of risk associated with each request, also on the basis of the indications transmitted by the Risk Centers. If the applicant’s credit history has some “flaws” (delays in repayments of previous loans, outstanding, etc.), the probability that the request will be accepted is obviously lower. In some of these cases, a valid alternative is constituted by the Transfer of the fifth: this solution, by offering the appropriate guarantees to the lender, allows to adopt more flexible evaluation criteria.

Restructuring loans are provided by financial institutions and banks. They do not require specific requirements, except a certain income and a credit position of the loan applicant which confirms an adequate financial reliability of the same.

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Need to Know in Consumer Loans.

The types of loans used by real persons are defined as general purpose loans. Basically, general purpose loans are divided into two types as mortgaged and unencumbered. An assessment at hqreplicasbag.com

Amount without any guarantee

Amount without any guarantee

These are the credits taken at a certain maturity and amount without any guarantee. Since there is no collateral, the interest rate is higher than the mortgage loans because the risk increases on the side of the credit institution. Therefore, they are short-term loans with higher interest rates compared to secured loans.

Need to know in non-mortgage loans;

  • – Short-term withdrawal of consumer loans will always give you more profit
  • -Various insurance, compulsory banks, (Life Insurance, Accident Insurance, etc.) before using the loan, it is useful to find out whether the insurance is compulsory.
  • – In the majority of banks, you can withdraw a maximum of 12 to 15 times your maximum salary.
  • – Your monthly payments may not exceed half of your monthly income. In case of passing; The bank can offer you different payment options and amounts.
  • -Based on working with banks, the bank may offer different options in terms of maturity and amount.
  • – Banks have campaign credits (Holiday credit, Holiday credit, etc.) During these periods, banks create various volume discounts to create bulk volume. Follow campaigns and use credits to reduce your cost   It is found.

Mortgage Loan

Mortgage Loan

These are the loans given by banks in return for a guarantee. It is also called a secured loan. Housing, workplace, land or vehicle can be mortgaged and mortgaged loans. The practices of each bank vary.

What you need to know in the mortgage loan:

  • -Residential loans are included in secured loans.
  • – Except for housing loans, 50% of the appraisal value is given to the majority of banks. However, a few exceptional banks may again exceed this rate under certain conditions.

As a result,

According to calculatorworm finance experts, when compared to banks, especially mortgaged need credit products differ much more than each other. Using credit without doing good research may not be profitable for you. It is useful to consult with an expert to evaluate offers from different banks and choose the one that best suits your financial situation.

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What to do to get a loan?

With loans for the home (renovation and furniture) and for the purchase of a car (both new and used) and in Italy they are the masters (representing about 60% of total requests and 80% of the disbursed ), and not forgetting that with the crisis more and more people are resorting to the liquidity loan to get to the end of the month, it is useful to know what the requirements are to obtain a loan.
First of all, it is necessary to know which bodies are responsible for providing the loan, what the purposes are covered and what guarantees are required for the disbursement of the loan itself.
In Italy, banks and financial intermediaries registered in the appropriate registers are the subjects authorized to grant and disburse consumer credit, the main types of which include:

  • the Credit Card, a consumer credit instrument with which it is possible to make purchases at participating establishments, and whose payment takes place at a predefined rate, usually monthly, in a single solution (balance credit card), or in installments with the addition of the payment of interest accrued (revolving credit);
  • the finalized Loan, a form of financing closely linked to the purchased asset, which can be requested and obtained directly from the point of sale of the asset and / or service (for example, financing for household appliances and electronic devices);
  • Personal Loan, the most common form of financing in Italy, which provides for the loan of a pre-established amount, at a fixed interest rate, repayable in constant installments; has the advantage of being a non-finalized loan, therefore its disbursement is not subordinated to the purchase of a specific good or service (unlike the finalized loan);
  • the Transfer of the fifth, type of loan that provides for the payment of the debt through deductions from the paycheck or pension, up to a maximum of one fifth of the emolument itself, net of the deductions;

Requirements for obtaining a loan

The requirements for obtaining a loan depend on the type of loan requested.
In general, the minimum requirements for all loans are:

  • in most cases, an age between 18 and 70 years (some banks and financial companies also have an offer for people of greater age);
  • demonstrable income;
  • residence in Italian territory;
  • be a bank account holder.

Secondly, the bank will evaluate the granting of the loan on the basis of its risk policies and the creditworthiness of the applicant. In the first case, each institution applies its own risk policy based on statistical data in its possession (credit scoring) in order to keep the insolvencies below a certain level. As regards the creditworthiness of the applicant, on the other hand, an assessment is made that takes into account the relationship between the repayment installment and the applicant’s income which, in general, must not exceed 30%; in addition, the reports provided by the Central Credit Register (CRIF) are consulted, which record any missed payments or delays in the repayments of previous loans.

As an alternative to the traditional loan types, in cases where the applicant is registered in the CRIF lists, it is possible for him to resort to the request for the transfer of the fifth which, proposing the appropriate guarantees of the employer for the employees (or of the INPS for pensioners), allows you to receive a loan even in the event of a bad credit history. However, it is important to remember that the reimbursement rates of the transfer of the fifth are higher than those provided for by other forms of financing.

In addition to the minimum requirements, the financial company may ask for ancillary guarantees. While usually the granting of a loan is not subordinated to the provision of collateral (for example, a mortgage), to limit the risk of insolvency, credit institutions often require the presence of other subjects, the so-called co-obliged, who assume responsibility for returning the credit in the event of customer default.
A further form of guarantee to protect creditors is the presence of insurance coverage, mandatory in the case of assignment of the fifth (life risk and employment risk coverage of the applicant) and lifetime loan (coverage of fire damage and outbreak of the property), optional in all other cases.

How to evaluate a loan

To choose the most convenient loan it is necessary to make an assessment of the economic conditions, considering the overall cost. However, this is not a very simple operation; the following are the two main elements that should be considered before taking out a loan:

  • the Nominal Annual Rate (TAN) : is the interest rate, expressed as a percentage and on an annual basis, applied to the financed capital which determines the interest portion which, together with the monthly principal portion, will determine the repayment installment;
  • the Annual Global Effective Rate (APR) : is a measure, expressed as a percentage and on an annual basis, of the total cost of the loan. In fact, unlike the TAN, the APR is inclusive of any additional charges to be borne by the customer (for example, the preliminary costs). Calculate the APR of your loan thanks to our calculation tool.

Therefore, in the comparison of two or more offers, the APR is the best comparison element, since it takes into consideration the total cost of a loan, including all those accessory costs usually excluded from the calculation of the TAN. However, it is necessary to remember that the comparison of the APR between two or more loans is possible only on equal terms (amount financed and duration).
In fact, it is useful to remember that, for the same amount financed, the APR decreases as the duration of the loan increases, while, for the same duration, the APR decreases as the loan amount increases.
In any case, if you want to find the most convenient loan in a simple and fast way, make a quote on Segugio.it and you will have a list of all the loans with the most advantageous conditions.

Delay or non-payment of an installment

Once a loan has been subscribed, it is important that the repayment of the installments takes place in a timely manner. In fact, failure to timely payment of even a single installment authorizes the credit institution to terminate the contract unilaterally, while the customer is required to pay all bank charges, protests and charges incurred by the credit institution to recover the sums. due, in addition to any penalty.
Furthermore, the customer also risks being reported as a bad payer and that his name is included in the lists of the Central Credit Register, with the consequent worsening of his credit situation and greater difficulty in obtaining future credit.

How to withdraw from the loan agreement

The consumer credit regulation, modified with the d. lgs. n. 141/2010 and entered into force in June 2011, has introduced important news regarding transparency and the right of withdrawal.
While previously the customer could withdraw only if the contract was concluded remotely or outside the retailer’s commercial places, currently the consumer has the right to withdraw within 14 days from the signing of the contract, without having to specify the reason, by sending a registered letter with return receipt to the lender. In the event that the loan has already been disbursed, the customer will have 30 days to be able to return the principal and interest accrued, as well as any fees due. However, no penalty can be applied to the consumer.
The right of withdrawal also applies directly to all ancillary service contracts linked to the loan originally requested (for example, insurance policies taken out to cover the credit).

Early repayment of the loan

According to current legislation, it must always be possible for a customer to pay off the loan in advance of the expected conclusion date. The same will have to repay the residual capital still due plus a penalty, which cannot exceed 1% of the funded amount.

Is there a better time to pay off funding? The amortization plan used by the Italian credit system is called “French”. This method provides for a constant installment of two components, the interest rate and the capital rate. A fundamental characteristic of the French amortization is that the first installments have the interest component as the preponderant component, while in the last installments the weight of the capital quota is predominant. In other words, the first installments mainly repay the interest and, with the latter, the principal. This makes it much more advantageous to pay off a loan at the beginning of the amortization plan than at the end. The advantage is clearly more sensitive for long-term loans; if you manage to pay off a 120 month loan in the first three years, you get a very significant saving (in terms of unpaid interest).

Turning to the practical aspects, it should be remembered that the early loan is canceled by sending a specific communication to the Credit Institute which must be conveyed by a registered letter with return receipt. In addition to communicating the request for early repayment, it is necessary to request the so-called ” extinguishing account “, that is, the calculation of the amount that must be paid to obtain the extinction of the loan.

Once this count has been obtained, the funded person proceeds to reclaim the amount communicated to him by the Bank or the Finance Office. These, upon request, provide a ” release “, or a declaration that certifies the extinction of the loan.

Following the extinction of the loan, it is mandatory for the financial institutions to communicate the early termination of the loan to the various credit databases and to the various bank data providers. This step is essential for the customer who wants to access credit again and again.

How to apply for a loan

Segugio.it the comparator loans, present in Italy for over 10 years, offering the car and motorcycle loans to restructuring loans, up liquidity to finance and debt consolidation. On Segugio.it it is also possible to find offers for the transfer of the fifth of the salary and the pension.
Thanks to the wide range of loans available on PrestitiOnline.it, and to the continuous updating of the proposed economic conditions, it is easy to find the most convenient and appropriate loan for your needs.

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The marriage loan.

The wedding loan allows you to organize an important moment, perhaps the most remembered, in the life of a couple with serenity.

The expenses to be incurred for the organization of a wedding (the purchase of the clothes, the wedding rings, the lunch offered to the guests, the photo album, the honeymoon, etc.) can significantly increase the necessary budget.

The couple facing this expense can be supported by two forms of financing: the targeted loan and the personal loan.

Finalized loan

Finalized loan

The finalized loan is offered directly by the retailer who has entered into a collaboration agreement with a bank or credit institution, and is tied exclusively to a specific product sold (e.g. honeymoon, or favors).

The finalized loan amount is paid directly to the seller, while the user must pay the credit installments in accordance with the amortization plan.

If a finalized loan solution is not available, or if the user needs additional liquidity, an additional form of financing can be used which is presented below.

Considering that the services / goods necessary for the ceremony are difficult to buy from a single store, very often it is necessary to add additional financing alongside the loan or the finalized loans.

In fact, a specific personal loan for the wedding or a transfer of the fifth of the salary can be coupled to the finalized financing. The finalized loan can also be completely replaced by a single personal loan for marriage, or by a single assignment of the fifth.

Personal loan for wedding

Personal loan for wedding

The personal wedding loan can be a valid opportunity, as it allows you to combine different expenses into a single debt, minimizing the costs of the investigation. On the other hand it offers a usually higher rate than the finalized loan.

To find the most convenient and suitable loan for your needs, you can access the online loan comparison section of Segugio.it.

Applying for a wedding financing can be an opportunity to make an unforgettable day. An analysis on the diffusion of this type of loan can be found in this article published by the PrestitiOnline.it Observatory.

Generally, the granting of a marriage loan is not subject to the presentation of collateral (i.e. lien or mortgage on property belonging to the applicant).

However, it may happen that in some cases, in order to limit the risk of insolvency, the lending institutions submit to the applicant a contract that provides for the change of installments, or a single bill, able to guarantee a part or the whole amount disbursed.

The most common form of guarantee is the signature of a co-obligee or a third-party guarantor, who will guarantee the success of the operation. This is a rather common request, in the presence of particular conditions (such as for example an applicant with a recent working seniority or for a particularly high amount).

In any case, it is not possible to establish rules valid a priori since any request for guarantees is at the discretion of the individual Institute which decides on a case-by-case basis, depending on the risk profile of the transaction and the individual applicant.

Marriage loan contract

Marriage loan contract

The law states that a marriage loan contract must contain the following elements:

  • the interest rate applied;
  • any other prices and conditions applied, including higher charges in the event of late payment;
  • the amount and methods of financing;
  • the number, amounts and due dates of the individual installments;
  • the annual percentage rate of charge (APR);
  • the detail of the analytical conditions according to which the APR can be possibly modified;
  • the amount and reason for the charges that are excluded from the calculation of the APR;
  • any guarantees required;
  • any insurance coverage required and not included in the APR calculation.

Failure to pay an installment

Failure to pay an installment

The interruption of the repayment of the loan implies the immediate default towards the lender and the risk of unpleasant consequences:

  • the interest due would be increased, with the application of a late payment;
  • there is a risk that your name will be included in the list of late payers and / or reported to the credit protection bodies (the Central Credit Register), which will share the information with the entire banking and financial system. The result will be a deterioration in the customer’s creditworthiness and a consequent greater difficulty in obtaining credit in the future.

Failure to punctually pay even one installment authorizes the lender to unilaterally terminate the contract. The customer will be required to pay all bank and protest charges as well as all charges incurred by the Institute to recover the sums due, in addition to a possible penalty.

The law states that it is always possible to pay off the loan in advance of the agreed term.

The customer who chooses to exercise this option will be asked to repay the remaining capital still due, plus a penalty which, by law, cannot exceed 1% of the amount financed.

If the contract does not specify the amount of the residual capital after each repayment installment, the sum of the present value of all the installments not yet expired on the date of the early repayment must be understood as residual capital.

Evaluation criteria

Evaluation criteria

Below we schematically illustrate some specific evaluation criteria of the marriage loan.

  • Risk policies : each Institute applies its own risk policy in evaluating requests, based on the statistical data it possesses (credit scoring). These data constitute the tool that allows the Institute to keep insolvencies below a certain level.
  • Income level : the acceptance of requests is normally also subject to the appraisal of the applicant’s income level and the relationship between the latter and any repayment installment.
  • Credit reliability : the creditworthiness of the applicant is of great importance. It is important to stress that this assessment has no “moral” meaning. The Institutes merely estimate the level of risk associated with each request, also on the basis of the credit reports provided by the Risk Centers. If the applicant’s credit history has some “flaws” (delays in repayments of previous loans, outstanding, etc.), the probability that the request will be accepted is obviously lower. In some of these cases, a valid alternative is constituted by the Transfer of the fifth, a solution which, by offering the appropriate guarantees to the lender, allows the adoption of more flexible evaluation criteria.

The economic condition

The economic condition

When choosing between several financing offers, it is good to consider the overall cost of each, without limiting itself to the evaluation of the monthly installment only.

However, this is sometimes not a simple operation, as the expense items of a loan can be numerous (amount disbursed, interest, ancillary charges, any initial expenses, insurance costs) and are not easily measurable immediately.

In general, the elements that should be considered before signing a loan agreement are:

  • TAN (Nominal Annual Rate)
    The TAN represents the interest rate, expressed as a percentage and on an annual basis, applied to the financed capital (sometimes gross of any insurance costs or preliminary costs). It is used to calculate, starting from the amount financed and the duration of the loan, the portion of interest which will be paid to the lending institution and which, added to the share of capital, will determine the repayment installment.
  • APR (Annual Global Effective Rate)
    The APR is a measure, expressed in percentage terms, with two decimal places and on an annual basis, of the total cost of the loan. Unlike the TAN, the APR is inclusive of any ancillary charges, such as preliminary costs and insurance costs, which are charged to the customer.
    However, the Italian legislation allows, under certain conditions, a certain discretion, excluding or including some items in the calculation of the APR: insurance costs, for example, if optional, can be excluded from the calculation.
    So pay attention and carefully consider your total expenditure, analyzing each time the individual items of the offer that is proposed to you.
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What are the main differences between a loan and a mortgage for restructuring?

Apply for renovation

Apply for renovation

For those who decide to carry out a renovation on their property and need to apply for financing, there are two different options: on the one hand there are loans for renovation, on the other there are loans for renovation.

To evaluate which solution is best suited to your needs, the first thing to do is to analyze the main differences between the two different loans.

The key difference between loans and mortgages for restructuring consists in the diversity of the amounts disbursed : in the case of loans, the amounts granted usually do not exceed 50,000 USD. With a mortgage it is possible to obtain higher amounts but, at the same time, the costs to be incurred are higher.

The activation of a mortgage for restructuring requires the appraisal (with an average cost between 200 and 300 USD, also variable in relation to the number of assessments necessary) and the deed drawn up by the notary to finalize the mortgage (the cost of which is linked at the value of the mortgage registration). In addition, as for the first home purchase mortgages, also for the restructuring mortgage it is necessary to take out an outbreak and fire insurance coverage, mandatory to obtain the required amount.

The second point to be taken into consideration concerns the different timing of disbursement : in the case of a loan, since the bureaucratic process is more streamlined, financing can even be granted between 24 hours and 15 days, also because, in general, the guarantees required are less. For the mortgage, the times are longer, also in relation to the preliminary investigation.

Examine are the disbursement methods 

Examine are the disbursement methods 

In the case of a loan, the amount is disbursed in a single solution. As regards the mortgage, it is possible to obtain the so-called Sal mortgage (Progress of Works), with the disbursement of the amount in different tranches, each issued by the bank only after an expert has ascertained the new value acquired by the property at ‘advance work.

To find out more about the features of the loans for restructuring, please consult the specific guide dedicated to restructuring loans on our website, with indications on the elements of the contract, any guarantees, evaluation criteria and early termination options.

If, after being informed, you want to try to see which are the best loans for restructuring, consult the section of the site dedicated to the best loans of the day.

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File Expense Lending Banks (Final Approval) | Loans

 

File Cost-Free Credit , which does not take file costs , file-free credit banks , file-free credit which are the banks and all information about file-free loans are included in the continuation of our article. In case of loan applications, if the loans are approved, the bank collects a service fee by deducting the file cost over the amount of the loan you have taken while transferring the money to your account.

Although these transactions were not bound by any law until 2014, this was brought to a legal stage in 2014 and legalized by banks and called as man Good Finance Fee bank. Although it is known among the public as file costs, the current name is Finance Allocation Fee. So can I use the credit without this charge? What are the lending banks without file charges?

What is File Cost in Credits?

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File Cost is a fee that banks collect from their customers when issuing loans in accordance with the ler Regulation on Fees to be Received from Financial Consumers ile by a judicial decision issued in 2014. These charges, which are known as File Costs before being legally linked, have been renamed as File Costs by the public even though they have been replaced by Financial Allocation Fee after legal sanctions. Banks can collect up to five thousandth of File Expenses from consumers. You should also remember that you have the right to object to the corresponding parts by performing simple calculations.

These fees are available at all banks. Apart from some campaigns , we can say that there is no credit type without file costs. However, in this article, we will list the banks that give credit to you without file costs and we will make you avoid the file costs. In addition, insurance , insurance , such as fees will be excluded from the cost of file is not included in this amount should be reminded.

File Cost Calculation How To …

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The file cost calculation is shown as an example in the following table. File costs can be up to 5 per thousand of the credit amount and cannot be excluded. With a simple account, you can easily understand how much file charges can be charged to loans.

Which are the lending-free banks?

If we were able to explain what the cost of the file is in general, now it is time to explain the lending banks without taking this fee. There is no rule that the file will be in every bank at no cost loans . However, since most banks will try to attract customers by doing these types of campaigns, you can ask your bank before applying for a loan and turn to loans that do not have file charges. The only thing to be aware of is that there are no additional fees to avoid file charges. What are these banks?

Good Finance File Cost-free Credit

Good Finance File Cost-free Credit

Good Finance is a non-branch banking bank under the roof of Good Lender and does not incur costs and deductions in most transactions. It is worth remembering that you will be exempt from many banking expenses by using Good Finance. Good Finance, account operating fee, money transfer and eft fee, as well as you the opportunity to use file-free credit allows. You can also request that bank employees come to your location without having to go anywhere to open an account at Good Finance.

You can use your minimum credit of 1.000, maximum 50.000 TL on Good Finance with 36 months term and start your transactions immediately. Since Good Finance is a digital bank, you will be able to withdraw money from your ATM immediately. Interest rates will be determined as 2.49% on average, as they will vary according to the maturity you want to choose. You can get detailed information from the table below and you can apply through the website.

We have presented 2 different digital banks for you in order to use credit-free files . At the same time, not only credit, banks do not charge any cost to customers for all the products they provide. In this way, you can perform all your banking transactions without paying an extra fee. What are the other banks ? Can I use credit-free credit files from different banks?

Yes you can. Other banks , like these banks, provide customers with the opportunity to file credit free of charge. You can choose these credit options within a variety of information by organizing some campaigns . However, these banks, in order to avoid the cost of files, you can put in front of various criteria. Some of these may change as insurance, life insurance and maturity options. The banks that currently provide file-free credit are as follows;

You can use credit-free credit file by choosing the above banks. The interest rates of these banks are given below. In order to apply for the loan option that suits you, you can call customer service and visit the nearest bank branches.

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3-Month Postponed Lending Banks 2019 | Loans

The 3-Month Postponed Loan, which is a type of loan that is intended for people who will enter the investment after withdrawing the loan and those who will receive the return on investment a few months later, has taken many people to research.

Repayable loans after 3 months

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The special feature of these loans is that they are repayable loans after 3 months and deferred loans for 3 months. In the following sections of this article, we will investigate whether banks that provide postponed loans and whether they provide postponed housing loans, postponed consumer loans or postponed vehicle loans.

Today, the majority of individuals who want to apply for loans by applying to banks make their loan payments on a monthly basis. However, some customers do not want to pay for their loans immediately and want to start loan payments after a few months . For this reason, banks also make 3-month postponement of loan payments in order to provide better service to their customers.

Banks’ credit payments are started after 3 months, which means that individuals will start to pay the loan after 3 months. Moreover, this advantage can be applied to all loans. The loan payments can be made after 3 months by taking advantage of the 3-month deferral feature for different loans such as both general purpose loans, housing loans and vehicle loans.  

After 3 months, which can be named as delayed loan, the payment starts after 3 months after withdrawing the loan. Banks have prepared these loans for people who invest or expect money from a place. The first installment payment date is 3 months after the withdrawal of the loan.

3 Month Postponed Loan Terms

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Banks that provide credit with a 3-month deferment will not look for an extra requirement from their customers. All of the features required by customers in normal loan applications are also valid for loans with 3 months postponement. A credit rating (see What is a credit rating?) Is one of the features that banks are seeking for loans that are postponed for 3 months as in other loans.

All individuals with a low credit rating and below the criterion required by banks cannot withdraw 3-month postponed consumer loans from banks. However, people with a high credit score can easily withdraw their loans and make payments of their loans with a 3-month postponement. In addition, a certificate of income is required from people who want to take credit.  

3 Month Postponed Loan Required Documents

3 Month Postponed Loan Required Documents

Generally, there is no change in the documents requested by the banks for the 3-month deferred loan, which is started to be paid after 3 months from the customers. The required documents according to the type of loan to be withdrawn are also valid for the loans with 3 months deferred.

However, if we need to mention in general, the first documents that banks look for for a 3-month deferred loan are the identity cards of the individuals, which are the identity cards. Without a birth certificate, many banks do not initiate credit transactions.

Apart from this, the other required documents are the documents showing the income level of the people who want to take out loans. In addition, as mentioned above, the credit ratings of the individuals must be above the desired level.  

3 Month Postponed Loans

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   It sounds like a great idea to pull a loan and start paying in 3 months. The banks that realize this idea give different maturity and interest rates. Some banks up to 4 months of the first installment payment period delights those who want to withdraw credit.

3 Month Postponed Consumer Loan

   When it comes to 3-month deferred loans, ING Bank, Akbank, Finansbank and TEB are among those who provide general purpose loans. Although all of these banks provide 3 month delayed general purpose loans, terms and terms of payment may vary for each bank.

Some of these banks, where interest rates and maturity periods may be variable, may give credit to low credit ratings, while others do not.

3 Month Postponed Housing Loan

Banks with delayed housing loans are not much. Honest Bank is the only bank to provide a delayed housing loan within the bank that has extended the loan for more than 3 months.

You can read the conditions under which Honest Bank granted a delayed housing loan and to whom you give credit under the subheading of Honest below. It will also be updated here as soon as another bank starts lending mortgage .

3 Month Postponed Vehicle Loan

   Vehicle loans have helped many people who want to buy a car or do business or just want to own a car. However, it seems like a very good idea to buy a car and pull out a loan and pay back after 3 months.

However, at the moment, no bank gives 3 months delayed vehicle loans. There may be many reasons for this, but the reason for us is that banks do not want to take risks. As a result, vehicle prices have a market that can increase or decrease at any time.

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Fine-free mortgage repayment

More and more homeowners are considering paying extra on the mortgage. The crisis, low savings rates and new mortgage rules make many people think about their mortgage. Certainly homeowners with a (partial) interest-only mortgage more often opt for an additional loan repayment. But sometimes you pay a fine for early repayment of the mortgage. What exactly is that and when can I repay my mortgage without penalty? Read everything about penalty-free repayments in the article below.

Why not pay off without penalty?

mortgage

With a mortgage you enter into an obligation with the bank: the bank borrows your money to finance your house and you pay it back with interest according to an agreed repayment schedule. This repayment usually lasts 30 years. If you pay more than agreed, the bank will miss out on mortgage interest . The penalty interest is intended as partial compensation for the lost income.

Note: Re-lending your mortgage before the fixed-rate period has expired also means that you have to pay a penalty interest.

Fine-free mortgage repayment – Limit

Fine-free mortgage repayment - Limit

Not every extra repayment automatically leads to a fine. Depending on the bank, you can repay 10 to 20 percent of the mortgage loan each year without penalty and there are banks that do not charge penalty interest at all. In addition to comparing interest rates when you take out a new mortgage, it is therefore wise to properly compare these types of conditions from different banks.

Tip! Repay your mortgage without penalty? Spread the extra repayment over several years, so that you can use the maximum penalty-free repayment several times.

Mortgage repayment without penalty – When not a fine?

Mortgage repayment without penalty - When not a fine?

In a number of situations you do not have to pay penalty interest if you take out the mortgage or pay off extra:

  • If the fixed-rate period has expired
  • If you have a variable-rate mortgage instead of a fixed interest rate
  • If the mortgage interest at the same bank is higher at that time
  • If you sell the property

Amount fine early repayment mortgage

Amount fine early repayment mortgage

The amount of the fine varies per situation, but there are some factors that partly determine how high the fine will be:

  • The amount of the outstanding mortgage loan
  • The remaining fixed-rate period
  • The difference between your mortgage interest rate and the bank’s current interest rate
  • The amount of the penalty-free repayment
  • The amount of the total repayment

A bank adviser can tell you exactly which fine you have to pay.

If you are considering taking out a mortgage or making additional repayments, ask the bank what penalty interest you should pay. You can put this in addition to the benefit that you will gain if you pay off extra or take out your mortgage. In some situations it turns out not to be more beneficial to transfer or repay extra, in other situations it is.

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Consider whether it is more convenient to buy or just borrow

First, think about whether you will use your bike, skis or car frequently, or if you ventilate them once in a while. With a bike, maintenance costs are minimal, but a car costs CZK 10,000 a year just for having it. Despite its diminishing value.

 

Enjoy the shine and feeling of uniqueness

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Ladies who are going to a prom or a wedding solve this dilemma almost without exception. A new robe costs thousands and wearing it for the second time is a violation of the label.

But look at it from the other side. Rents do not cost much less and moreover, you have to worry all evening to prevent the dress from being destroyed. More dirt is enough and you will have a fine.

When you buy a dress, you enjoy a wonderful feeling of novelty and really shine . You can also have them sewn – then they fit exactly to your liking and fit perfectly. If you do not want to keep them, offer them to others interested on the Internet. For earned money you can buy new dresses for the next prom.

 

Utility is a decisive factor

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For tools, consider whether you will need it only during a weekly renovation , or whether it will be used repeatedly in the coming years. Consider if you recall people who hire you DIY equipment for a minimum fee or dinner invitation. Even a short term rental from a specialized company can be more advantageous for you.

Lending is not something to be ashamed of or afraid of. This is an excellent way to try or use a thing without risking a disadvantageous investment. If you still succumb to the passion of shopping, do not be afraid to sell unsuitable items. Use sbazar , bazoš or aukro .

Where to get the money

Where to get the money

If you do not have the appropriate amount, but buying is inevitable for you, consider a loan or hire purchase. In this is a nice buy , which acts as a shopping cart for different e-shops at the same time. It will calculate the repayment amount for all products together , so you will save time and will only send one repayment.

 

Have you ever been carried away and bought something you never used again ? What do you borrow most often? Write us in the comments or on Facebook .

 

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Warning Signs of Financial Problems – Credits

Financial problems can affect anyone one day or the other. If you recognize yourself in the following situations, you may be in a problematic debt situation.

I only make the minimum payment on my credit cards.

I only make the minimum payment on my credit cards.

By making only the minimum payment on your credit cards, you will pay considerable amounts in interest (up to two and a half times your balance) and it will take you years to pay off your debts.

  • $ 3,000 = $ 6,360.54 paid / 15 years and 2 months to repay
  • $ 10,000 = $ 22,110.45 paid / 22 years and 8 months to repay
  • $ 25,000 = $ 55,860.57 paid / 28 years and 4 months to repay
  • $ 50,000 = $ 112,115.55 paid / 32 years and 8 months to repay

By assuming, credit cards at the interest rate of 20% and a minimum payment of 3% of the balance.

I am often late in my payments.

I am often late in my payments.

Are you late in your payments (rent, television, internet, electricity, etc.)? If so, this is a sign that you are having financial problems. If you missed several months of payments, it means that your budget is not balanced and each month brings you closer to bankruptcy. Check before it’s too late.

I close the end of the month with credit.

I close the end of the month with credit.

If you need to use your credit cards or line of credit to balance your budget, it means that each month you increase your debt. If you do not correct the situation quickly, your debt will continue to inflate indefinitely.

My financial problems are a source of conflict with my relatives.

My financial problems are a source of conflict with my relatives.

Finances are often a source of problems in couples. If your financial problems put stress on your personal relationships, this is a sign that you should consult a professional (a licensed insolvency trustee).

Collection agencies call me constantly.

If you do not dare to answer the phone for fear that it is your creditors who call you, it is probably because you have financial problems. We can stop their calls. Consult us.

If you recognize yourself in the situations above, we can help you! Ask for a free consultation to analyze your situation and we will take the time to suggest concrete solutions.