/ Sat, 02 May 2020 07:37:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.1 How to Apply for Government Agency Loans: Online Procedure and Application Method /how-to-apply-for-government-agency-loans-online-procedure-and-application-method/ /how-to-apply-for-government-agency-loans-online-procedure-and-application-method/#respond Sat, 02 May 2020 07:37:09 +0000 /how-to-apply-for-government-agency-loans-online-procedure-and-application-method/

How to apply for Government Agency loans, what are the procedures for obtaining these loans at subsidized rates and which requirements must be respected? The Government Agency Social Institute loans correspond to a rather complex offer, in which direct loans and those in agreement find space.

The ones we will discuss are direct funding, or directly managed by the Social Security Institute. There are two proposals, the Small Loan and the Multi-year Direct Loan.

The two public credit lines share these two lines of credit, i.e. civil servants and pensioners enrolled in the unitary management of credit and social benefits. The worker with a fixed-term contract can obtain and repay the loan only while his employment contract is active.

Social Institute loans for civil servants and pensioners: how to send the application

Social Institute loans for civil servants and pensioners: how to send the application

We come to the modalities relating to how to apply for Government Agency loans. Direct loans must be requested online, the services of the Institute’s official website (Social Institute.it) will be used. The application procedures change, in detail, according to the funding examined.

The application from employees must be provided to the Institute by contacting the reference administration. Retirees, on the other hand, can use online services or patronage.

On the pages ” Apply for a small loan for Unitary Management of credit and social benefits” and “Apply for a direct multi-year loan for Unitary Management members”, manuals are available which detail the procedures.

Government Agency loans: rates and duration of direct loans

Government Agency loans: rates and duration of direct loans

In addition to having seen how to apply for Government Agency loans, we analyze the general characteristics of these loans. Small Government Agency loans provide a repayment plan structured in a period ranging from 12 to 48 months. They allow you to enjoy a fixed rate of 4.25% and do not concern particular uses.

Multi-year Direct Loans are associated with two types of repayment plan, five or ten years. It is a credit line based on the assignment of the fifth. The request for funding must be pertinent with the purposes set out in the Social Institute regulation. The interest rate is lower than the Small loan, it corresponds to 3.50%.

With regard to direct Government Agency Social Institute loans, therefore both the Small loan and the Multi-year direct loan, an online calculation function is available on the Social Institute website. In this guide you will find all the information to perform the simulation of the repayment plan.

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How to get a payout loan in 24 hours? /how-to-get-a-payout-loan-in-24-hours/ /how-to-get-a-payout-loan-in-24-hours/#respond Thu, 13 Feb 2020 01:03:18 +0000 /how-to-get-a-payout-loan-in-24-hours/

Suddenly time is running out. The rent should be debited in two days, but you have to be horrified to find that you do not have the necessary money on the account. A loan is supposed to free you from this clamp. But where do you get a loan with such a short lead time? In theory, you need a loan with a payout in 24 hours. A disposition, a temporary overdraft or an instant loan are possible. However, you have to make clear cuts with this.

A credit with payment in 24 hours: the overdraft facility

A credit with payment in 24 hours: the overdraft facility

In principle, everyone knows what a overdraft facility is: You can overdraw your checking account by this amount. The overdraft facility is actually easily granted on request and this is often done in less than 24 hours if it is made clear that there is a great need for the money. Most banks admit a discount rate that is up to 250 percent higher than the monthly net income.

The advantage of the overdraft facility: you have the money at your disposal quickly and you can also decide how much money you want to pay back and at what pace. The disadvantage of the overdraft facility: it has a high interest rate. Mostly even with double-digit interest amounts.

A credit with a payment in 24 hours: the one-time overdraft

A credit with a payment in 24 hours: the one-time overdraft

Unlike the overdraft facility, the one-time overdraft is easier to obtain because no paper has to be signed for it. You just say on the phone how much money you need and the bank immediately unlocks the new credit line. For the one-time overdraft, however, there must be a watertight repayment plan that can be easily negotiated with the clerk.

If you need a small sum quickly, the one-time overdraft is the best option. However, the credit limit for the one-time overdraft remains at 250 percent of the monthly net income. If you need more money, you have to use the instant loan.

A loan with payment in 24 hours: the instant loan

A loan with payment in 24 hours: the instant loan

The instant loan is the classic loan with a quick payment if you need a larger amount than you can get through the overdraft facility. However, as a loan with a payout in 24 hours, there is rarely an instant loan. It is usually approved during this period, but not yet paid out. The bank needs time to check the creditworthiness and above all the creditworthiness of the applicant.

This means that such a quick payout is only made by banks that already know the customer and have been serving customers for a long time. As a completely foreign customer who has just come to a bank, you actually have no chance of receiving an instant loan in such a short time.

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A loan for self-employed comparison always makes sense. /a-loan-for-self-employed-comparison-always-makes-sense/ /a-loan-for-self-employed-comparison-always-makes-sense/#respond Sat, 08 Feb 2020 01:32:41 +0000 /a-loan-for-self-employed-comparison-always-makes-sense/

If you want to take out a loan as a self-employed person, it is much more difficult for workers with a regular income to find positive feedback. This becomes clear when you look at a loan for the self-employed in comparison. Providers who are nevertheless willing to grant a loan to the self-employed often require extremely disadvantageous conditions for the borrower due to a lack of security. These start at four percent, regardless of creditworthiness, but can increase to double due to the lack of collateral, if a loan can still be granted.

There is a credit for self-employed in comparison with numerous online comparison tools

There is a credit for self-employed in comparison with numerous online comparison tools

Anyone who chooses the option of external financing as a self-employed person will find a variety of tools on the Internet that compare the respective providers and analyze their conditions thoroughly. It also shows how high the hurdles in the credit granting process actually are. For example, many banks require tax returns or balance sheets for the past two financial years. Information on personal financial relationships is also mandatory, but this is also the case for normal employees.

A surety or other collateral is extremely advantageous

Another clear comparison with regard to a loan for the self-employed is that these people with their own trades by placing fixed assets or finding a suitable guarantor in the form of business partners or affiliated companies certainly increase their own chances of a positive one at the respective bank To get reaction, increase significantly.

The maturities and repayment flexibility also play an important role

The maturities and repayment flexibility also play an important role

If you want to take a close look at a loan for the self-employed in comparison, you should not only pay attention not only to the interest rates, but also to the terms and the repayment flexibility. Smaller companies in particular can face financial constraints in the first few years. If a bank does not grant flexibility in the form of a monthly suspension of repayments if there is a positive reaction to the granting, appropriate insurance is more than advisable.

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Long Term Loans – You Should Be Aware /long-term-loans-you-should-be-aware/ /long-term-loans-you-should-be-aware/#respond Wed, 22 Jan 2020 01:20:31 +0000 /long-term-loans-you-should-be-aware/

A long-term loan is used if the monthly financial burden is to be kept as low as possible. The longer the term of the loan, the more monthly installments are available. This in turn also has a very favorable effect on the individual repayment rates. Borrowers in particular opt for a long-term loan that has little equity or does not have a high monthly income. Even with a rather average income, a long-term loan can be chosen because the monthly charge is kept low.

Choosing a long term loan

Choosing a long term loan

In general, many borrowers opt for a loan with the shortest possible term. Many borrowers do not want to have liabilities for so long. Nevertheless, all borrowers have to realistically estimate the amount available for a loan each month. There should always be a certain amount left for the repayment rate and the fixed costs should already be deducted.

After certain special expenses were often not taken into account, many borrowers can easily misjudge. There are often high, unpredictable costs that make it difficult for average incomes to service higher repayment rates. The repayment rate must inevitably be higher if the term of the loan is shorter.

Pay off the low repayment rates safely

Pay off the low repayment rates safely

Difficulties arise again and again if the calculation is too small. To avoid bottlenecks in monthly repayments, long-term loans are used. With lower monthly repayment rates, the quality of life does not have to suffer and there may also be something available for extraordinary financial burdens such as an additional electricity payment or a car repair. Everyone knows these unpredictable costs and these should be taken into account when choosing the right loan.

General information about the long-term loan

General information about the long-term loan

Since the monthly charge is reduced to a minimum even with a larger sum, the loan with a longer term is often used. The loan is often preferred, although consumers know that it will cost a lot more money in the end. Many prospective creditors use a loan comparison to find a cheap loan.

Another disadvantage is that a loan over 85 or even 120 months is a very long commitment and no one can say what will happen in the future. With a loan calculator on the Internet, a borrower can enter his desired rate for a certain loan amount. Before doing so, he should calculate a possible rate based on the income and the monthly charges. The computer then automatically calculates the runtime.

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It’s so easy to get a denture loan. /its-so-easy-to-get-a-denture-loan/ /its-so-easy-to-get-a-denture-loan/#respond Tue, 31 Dec 2019 01:06:13 +0000 /its-so-easy-to-get-a-denture-loan/

Treatments at the dentist are expensive. It becomes even more expensive when a denture is due. This applies at least to the group of people who are insured in the statutory health insurance. As is well known, the statutory health insurance companies only pay around half for dentures. The patient’s own contribution can easily amount to several thousand USD. Those who have not taken out additional dental insurance must pay this portion out of their own pocket.

Credit for dentures

Credit for dentures

But where should the money come from if there are no reserves? In such cases, all that remains is to take out a loan for the dentures. Two options are available. Many patients like to use their dentist’s offer for a loan. A data center then collects the monthly installments and can also be transferred by standing order.

The other option is to get a denture loan from a bank. Here, however, it is important to pay attention to the conditions of the individual banks and to compare them with each other. In this area in particular, banks are taking their own path. While one bank allows special repayments free of charge, but the interest rate is higher, the other bank completely eliminates special repayments, but the interest rates are lower. A comparison is therefore worthwhile.

Save money with supplementary dental insurance

Save money with supplementary dental insurance

A credit for dentures does not have to be. It is advisable for every patient who has statutory health insurance to take out additional denture insurance. The monthly amounts are much lower than the rates for the loan for dentures. This additional insurance covers the portion that is no longer covered by the statutory health insurance companies.

Additional dental insurance can also be taken out for treatments that statutory health insurance companies no longer cover, such as professional teeth cleaning. It is therefore advisable to take out a comprehensive insurance package that covers these costs. Because a loan for dentures costs money, which would actually be unnecessary.

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This is how you get a loan for studying abroad. /this-is-how-you-get-a-loan-for-studying-abroad/ /this-is-how-you-get-a-loan-for-studying-abroad/#respond Sun, 08 Dec 2019 01:14:18 +0000 /this-is-how-you-get-a-loan-for-studying-abroad/

Completing at least part of your studies abroad is now a good way to distinguish yourself later when looking for a job, because in addition to improving your language skills in a foreign language, the student also trains his key qualifications, such as his social skills, during a stay abroad. As the degrees at all European universities are now recognized throughout Europe, the only thing that ultimately has to be done is to finance the stay abroad. There are various approaches here.

Bank education loan

Bank education loan

The Bank education loan is a loan for studying abroad provided that the study is an advanced, supplementary or additional course. First degree programs cannot be financed through this loan for studying abroad. For this educational loan it is important that the student is at least 18 years old and at most 36 years old. In addition, the period of study abroad must not last longer than two years. The foreign universities must also be treated as equivalent to a German university.

If these requirements are met, a loan for studying abroad can be applied for. The student can then cover part of his costs with a monthly sum of 100 to 300 euros. On the one hand, the advantages of this loan for studying abroad are the conditions – the borrowing rate is from 2.78 percent per year. On the other hand, no collateral is required for this loan for studying abroad and it can be applied for in addition to the Cream Bank.

Student loan from the Bank

Student loan from the Bank

At least one semester abroad can be financed through the Bank student loan. The basic requirement here is that the student remains enrolled in Germany and does not claim a semester of vacation. In this case, the semester abroad counts as a sponsored semester. It is important, however, that the semester abroad does not increase the funding duration of a maximum of 14 months and the proof of performance must be provided at a German university. With this loan for studying abroad, the borrowing rate is at 3.99 percent per year.

The house banks, such as the local savings banks, may also offer a loan for studying abroad. Here, however, the requirements and interest rates vary greatly from place to place. Nevertheless, a visit to the local savings bank is worthwhile to clarify the respective offer, because some savings banks offer attractive special conditions for studying abroad.

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Cheap bank loan – that’s how you get it /cheap-bank-loan-thats-how-you-get-it/ /cheap-bank-loan-thats-how-you-get-it/#respond Sat, 07 Dec 2019 00:33:56 +0000 /cheap-bank-loan-thats-how-you-get-it/

Sometimes bank employees smile quietly when they hear that their financial institution doesn’t know what borrowers really want when they apply for a loan. This is not a question: everyone in the bank knows that every borrower wishes that the cheapest possible loan from the bank would jump out for him.

The problem that sometimes arises in the communication between bank employees and customers is that the latter have a problem with recognizing what it really is a cheap loan.

A cheap loan from a bank: the so-called loan order

A cheap loan from a bank: the so-called loan order

Each bank offers different types of loans: Roughly, these include earmarked loans (car, construction) and unrestricted loans (overdraft facility, personal loan, instant loan).

The question of whether a loan is expensive or cheap is measured by how high the interest rates are: There is something like a loan sequence for all loans: Traditionally, earmarked loans are among the cheapest loans: At the bottom is usually the construction loan ( because the rates are immensely high anyway due to the extreme amount of the loan), followed by the car loan, then comes the personal loan, this is followed by the instant loan and the most expensive loan is practically always the overdraft facility on the checking account.

A cheap loan from a bank: compare cross-over

A cheap loan from a bank: compare cross-over

So if you want to know when a cheap loan from a bank is available, it makes no sense to compare the different loan types of a bank. A overdraft facility will always be more expensive than a home loan. However, this says nothing about how expensive or cheap the overdraft facility is compared to what other banks offer.

So in order to really answer the question of whether the overdraft facility is cheap or expensive, you have to cross-compare with other banks and not across a bank.

A cheap loan from a bank: think about other costs

A cheap loan from a bank: think about other costs

In addition, you should make sure that your own comparison is complete, because loans unfortunately not only cost interest, but also other fees and charges. For example, administration fees are traditionally used. However, the comparison of these is easy as there is almost always an APR that includes these costs.

The question of hidden costs, which may only be due, is more exciting. A prime example of this is the cost of a special repayment: These must also be included in a comparison.

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Who grants a loan to entrepreneurs? /who-grants-a-loan-to-entrepreneurs/ /who-grants-a-loan-to-entrepreneurs/#respond Wed, 27 Nov 2019 00:46:26 +0000 /who-grants-a-loan-to-entrepreneurs/

The successful start of a company rarely fails because of the good business idea, but more often because of the financing of the same. Most of the time, a loan is needed for company founders. There are a number of financing models for this.

Microcredit

Microcredit

Microcredit is a good choice for a business start-up loan. Microcredit is an instrument created by the European Social Fund in cooperation with the Federal Ministry of Labor and Social Affairs and the Federal Ministry of Economics and Technology to enable young entrepreneurs to get a loan for entrepreneurs. This loan is available for company founders through local partner companies of the German Institute. Here, a company founder receives a loan of up to USD 20,000 with a term of up to 3 years.

The interest rate on this loan for business founders is around 7.5%. The advantages of a microcredit are that a Credit Bureau entry is not always an exclusion criterion, that the loan amount can be paid off in installments as well as finally paid and that non-bank collateral can also lead to a loan approval. There is also a liability fund for microfinance, the Good Finance Germany. This fund assumes the entire liability risk for the financial institution granting the loan and is managed exclusively by Good Bank.

Credit from private

Credit from private

This is a very young form of lending, in which online loans for entrepreneurs are financed by private investors. The best-known credit portals are Best Lender and Good Lender, where a loan for business founders can be obtained from an effective annual interest rate depending on the provider and loan amount from 2.01%. This form of credit is suitable for company founders who only need a smaller amount to finance their business idea.

Nevertheless, these credit portals have some advantages that should not be underestimated, because private investors often incorporate social aspects into their decisions when lending and so it is often possible for borrowers with a low credit rating or a negative characteristic at Credit Bureau to have one to get credit.

Business angels

Business angels

A good alternative to a conventional loan for company founders is a so-called business angel. This “company angel” is a person who participates financially in starting a company as well as assisting the company founder with their professional know-how and diverse contacts.

These are mostly well-heeled managers who are not afraid of the risk of participating in a young company and often steer this company very target-oriented into a safe haven due to their extensive experience, which creates a win-win situation for everyone involved.

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