Loans to Finance Consumer Goods | Installment Loans

Anyone who listens to a classic character trait of the Germans often gets the following answer: economical ! That may still be true in principle, but times are changing.

Especially when the ECB’s low-interest-rate policy is prompting European consumers to spend their money instead of saving it. So it is not surprising that more and more people use a loan to finance consumer goods.

Since 2013, the demand for loans has been rising steadily and an end to the flagpole is far from being in sight for borrowing.

42 percent of citizens use loans

 

42 percent of citizens use loans

Currently, the Germans stutter off a good 225 billion euros in lending volume. A study by GfK shows that as many as 42 percent of German households use consumer finance through a loan .

The most common type of loan is classic consumer credit or consumer credit. For the lending banks, consumer loan-financed life is a good deal. Even though the banks are not getting tired of talking about the opposite, consumer credit is far from the low-margin business that you could hold it for or make people believe!

On the contrary, recent studies show that margins on loans for banks have even increased significantly in recent years.

 

Credit threshold seems to have dropped significantly

 Credit threshold seems to have dropped significantly

 

That a loan for more and more people should be more of a positive option than inhibition, especially in the advertising. Because it is often suggested to people that it is perfectly normal to get into debt. But for the increased willingness to finance their own consumption by means of a loan , there are other reasons.

There are, of course, the currently historically low interest rates, which make credit seem particularly favorable right now. On the other hand, the labor market situation has been good for years and consumers are hardly left with job worries. Points that can certainly “fuel” consumption. But the easy handling of loans has its downside and that means simply over-indebtedness.

Because when consumers spend money that does not exist at the time of purchase, it is inevitably associated with a not just low risk. It is not without reason that debt counselors refer to the fact that their number of clientele with financial difficulties has been steadily rising for years. In addition, calls for state intervention to prevent over-indebtedness have been coming up for years from a wide range of consumer protection issues.

 

Over 90% of citizens repay loans on time

 

 Over 90% of citizens repay loans on time

A reputation that the banking industry association as the umbrella organization of the commercial banks in Germany, in this form can not understand. Because according to the trade association, after all, 97.6 percent of borrowers pay off their installment loan on time. A statement, which is also supported by the current figures of Credit checker.

But these numbers also prove that the remaining 2.4 percent of Germans have real debt problems. So the question arises, what can be done to not belong to the future as a consumer to those 2.4 percent “debtors with payment problems”? Basically, no life should be financed on credit.

Inputs and expenses should be known on a monthly basis and a corresponding budget may be the appropriate help here. This is the only way to see how much is left in the month and whether this is sufficient for the taking up of a loan under the aspect of monthly installments! And without it being financially tight!

Cash loan of Payday Bank, Beneficial And Always At Hand

Looking for an attractive cash loan, we usually browse the offers of various banks, even those that do not have their branches in the place where we live. Sometimes we forget that the best solution is right at hand, at the post office – Payday Bank. Sensational cash loan with an attractive interest rate, which is intended for representatives of liberal professions, employees of selected enterprises, pensioners and pensioners, can be obtained immediately.

Each of us knows how to bring joy to ourselves and our relatives. For some, it will be an exotic trip with the closest person, for others a small renovation of the apartment, which will give a better life, or a new automatic washing machine that will make our life easier and make washing easy, effective and economical.

You can easily achieve what you dream about! Finally, plans that you always put off for later will come true.

 

A cash loan at Payday Bank is always at hand

A cash loan at Payday Bank is always at hand

  • Low interest rate
  • The amount of the loan – from PLN 500 to PLN 150,000
  • Loan repayment period – from 6 to 150 months
  • Up to PLN 15,000 without the consent of the spouse

At Payday Bank, there is always a promotional offer of cash loans for BI Account holders. Cash loan is the loan amount up to PLN 100,000 with a reduced interest rate, a lower commission and simplified formalities. The required documents are only: two identity documents (including an ID card) and a decision on awarding the benefit or a decision on the last valorization. Cash loan for Nestor is a loan term of up to 120 months. We can borrow up to PLN 10,000 without the consent of the spouse.

 

Pensioners and Pensioners

Pensioners and Pensioners

Cash loan without certificates. Loan for evidence! Two identity documents (including an ID card) and a decision about granting the benefit. This is enough to get a cash loan from Payday Bank, as long as the senior has

 

Cash loan for selected professional groups

Cash loan for selected professional groups

A cash loan for selected professional groups is also an attractive offer available at Payday Bank. Attractive interest rates are waiting for customers – from 9.99% per annum.

The loan is intended for:

 

– representatives of the so-called “free professions”, that is:

  • attorneys, notaries, legal advisers, bailiffs, probation officers,
  • accountants, tax advisors,
  • statutory auditors, property appraisers, patent agents,
  • insurance brokers,
  • pharmacists,
  • architects,
  • sworn translators,
  • doctors, dentists, nurses, midwives,
  • veterinarians,

who obtain income under a contract of employment, managerial contract or business activity and submit a document confirming the right to practice.

Employees of the so-called “Reduced Risk Workplaces”, meaning

Employees of the so-called "Reduced Risk Workplaces", meaning

    • Marshal’s Offices and Local Government Units (JST) and their budgetary units, including kindergarten and school,
    • Polish Armed Forces and their subordinate institutions, including Military Property Agency, Military Housing Agency,
    • state offices and institutions:
  • ministries and voivodeship offices as well as institutions subordinate to them, including universities, Polish Academy of Sciences, National School of Public Administration,
  • Internal Security Agency, Foreign Intelligence Agency, National Security Bureau, Government Protection Bureau, State Fire Service, Police, Border Guard, Customs Service,
  • Agricultural Property Agency, Agency for Restructuring and Modernization of Agriculture, Chief Inspectorate for Environmental Protection, Chief Veterinary Inspectorate, National Fund for Environmental Protection and Water Management, National Forestry Enterprise State Forests and institutions subordinated to them,
  • State Archives, Central Statistical Office, Central Office of Measures, Polish Committee for Standardization, Patent Office and institutions subordinate to them
  • General Inspector for Personal Data Protection, Main Pharmaceutical Inspectorate, Main Office of Building Control, National Health Fund, Supreme Audit Office, National Labor Inspectorate, State Fund for Rehabilitation of Disabled Persons, Public Procurement Office and institutions subordinate to them,
  • Institute of National Remembrance, Supreme Administrative Court, National Electoral Commission, Supreme Court, General Courts, Public Prosecutor’s Offices, Ombudsman for Children’s Rights, Ombudsman, Office of Competition and Consumer Protection and institutions subordinated to them,
    • listed companies listed on all WSE indices,
    • companies and institutions with a stable economic situation.

Cash loans and other products of Payday Bank are available online. All you have to do is complete the on-line application which you will find on our website, and the adviser will contact you immediately and inform you about the next procedure.

Ideal Time To Conclude Forward Loans

Many a homeowner looks with envy on current homebuyers, because they can enjoy particularly attractive mortgage rates. The current interest rates are extremely cheap, so cheap real estate could never finance. Some people say that they would have waited a few more years to buy the property, assuming interest rates had been predictable.

 

Loan without the benefit of a prepayment penalty

Loan without the benefit of a prepayment penalty

However, it does not help to get annoyed about the situation. Anyone who is already repaying a loan and looking at a higher interest rate should rather find out by what time an exit from the financing is possible. After a period of ten years, this is possible in principle, even if a longer interest rate commitment has been agreed with the bank. The legally stipulated special termination right allows an exit after ten years – without the benefit of a prepayment penalty.

Should it be possible to exit in one year, the conclusion of a forward loan is a good idea. This is a loan that will take some months or even years to complete, but whose interest rate is already fixed. Accordingly, there is an opportunity to already pay interest on subsequent follow-up financing in order to benefit from the current attractive conditions.

 

How early a degree is possible depends entirely on the bank

How early a degree is possible depends entirely on the bank

Some banks offer forward loans up to three years before the actual debt rescheduling date, with some institutions even allowing four or four and a half years. As a result, many homeowners have the opportunity to take out a conditional backup right now.

The question of whether to wait is hard to answer. It is possible that interest rates will fall even further, but considerable interest rate advantages are not to be expected. In that sense, it can indeed make sense to become active soon and secure attractive conditions.

NOVELTY! Short-term loans on SMS, without any certificates

A momentary without phone certificates is the best and at the same time the most convenient way to improve the financial situation. A fast loan without BIK, as proof is available for everyone. Transfer of cash to your account takes up to 15 minutes. The maximum age of the borrower can be 75 years. All applications submitted via the Internet are accepted.

Waterpumps – Loans without certificates for the phone!

Waterpumps - Loans without certificates for the phone!

  • from PLN 100 to 25,000 via the Internet,
  • cash on account in up to 15 minutes,
  • without certificates,
  • In every place,
  • first loan for free,
  • the opportunity to take the next minute without unnecessary formalities.

Loans via the Internet, SMS or telephone

Loans via the Internet, SMS or telephone

Sad Loans tempts with a new loan offer – loan in installments. Simplicity, low interest rate, high loan amount, long repayment period and transparency are its most important advantages. The refreshed online installment loan offer now has a higher available amount of PLN 25,000, lower interest rates, large better terms and a repayment period extended to 48 months.

Sad Loans are a convenient, non-bank loan in installments from PLN 800 to 25,000, completely via the Internet. Repayment period from 3 to 48 months. Sad Loans available from the age of 18. The minimum amount of paperwork, a quick online decision, information about the costs of Sad. You will receive loans immediately after submitting the application (application), instant transfer to the account, high admissibility, verification in the debt registers: BIK, BIG, ERIF and KRD.

Waterpumps – Loans without certificates for the phone!

Loans without certificates for the phone!

Our offer includes 4 new payday loans on the market (new payday for free up to 3000 PLN for 30 days), the latest internet loan offers without certificates and a new loan without phone calls to the employer and without signing a paper loan agreement. In addition, the offer includes a new non-bank loan for installments with immediate withdrawal of funds irrespective of the Bank – a new installment loan of up to PLN 10,000 with the option of taking and receiving money 24 hours a day, 7 days a week. However, the new non-bank loan, Karato, is a non-bank loan with the first loan of up to PLN 1,500, the money on the account even in 15 minutes.

New – Home Loans: the first loan for free from APY for O% without commission and interest Lime Loan . A new free loan of up to PLN 3250 for house credit for new clients is granted for PLN 0 for 30 days. We make dreams of cheaper loans online. New loan offer on the Lime loan market worth attention.

New – A loan to your home in a short time is a loan in amounts from 500 to 5000 PLN. The new home remark is granted without any certificates or additional documents. The entire loan granting process takes place online. The customer who completes the application. Momentomatist will receive the decision on granting the loan in a few minutes. The first first loan for free up to PLN 2,000 in the time of the APC meeting with 0% APR. The cost of a new loan is 0 PLN. The new 0 per cent cash loan is the best new loan on the market.

Another new feature on the payday market is the new Chip Credit loan. New loan for free on the Internet from PLN 100 to PLN 1000 – a new loan on the market PLN 1000 for 7 days for PLN 0. The new loan on the market is granted in the maximum amount of PLN 5,000, and the repayment of the new loan ranges from 7 to 30 days. Like all non-bank companies offered by the new loans on the market and here you can get money in as little as 15 minutes.

New payday loans

payday loans

On the Nita market, LNK and the new loan. BNM Loan are new short-term loans for individual clients with the highest admission rate. The advantages of new online loan offers include: high granting, minimum formalities, money on your account up to 15 minutes, 24/7 online availability, the first loan for free and attractive interest rates for the next loan.

Check out the latest offers of installment loans and new payday market via the Internet in our new non-bank loan statement. If you are looking for a new payday offer on the market, check out all the first new online loan offers in the list below and choose the best loan. All new payday loans on the online market selected for you.

Increase of the Philoan loan amount to PLN 40,000. We are pleased to announce that the promotional offer of the Philoan revolving loan is even more attractive: a revolving limit of up to PLN 40,000, and the first payment for 100 days! The new, higher loan amount with the revolving limit of PLN 40,000 applies, the new first repayment date is only 100 days.

All about the reunification of debts without mortgage and without endorsement

Bank reunification is an agreement between several entities that in many cases allows to obtain better conditions for the client. If you have several debts and it is costing you to make ends meet, reunification is an interesting option to change the payment terms. In this article, we will study the advantages of reunification for clients who have direct payments from several financial entities.

What is the reunification of debts?

What is the reunification of debts?

To improve the payment conditions you must centralize the installments in a single entity. This is precisely the reunification of payments. By generating a single receipt in an entity that encompasses all your payments, you can save commissions and interest. If a financial institution agrees to reunify your debts, you will get better conditions for payment and you can stabilize your domestic economy.

Although it is possible to receive the reunification of debts without a mortgage and without a guarantee, certain requirements must be met for a financial institution to approve the process. Keep in mind that this is a negotiation between several banks and the financial entity that carries out the process, so guarantees are needed to approve it. The financial institution Good Samaritan offers you alternatives to unification to update your payments through your quick loans.

Can it be done without a guarantee and without a mortgage?

Can it be done without a guarantee and without a mortgage?

The short answer is yes. But the reunification of debts without a mortgage and without a guarantee requires solvency guarantees, such as the demonstration of fixed income. Better conditions are obtained for the payment of debts because the repayment term increases considerably, the usual is around 30 years. In addition, partial or full repayment of the debt can be made in the future if your economy improves.

However, not all are advantages to reunify debts without a mortgage because you incur a longer term commitment to pay your debts. In general, the process requires an opening commission and a management closure. You must pay both payments to formalize the process, one at the beginning and one at the end, respectively. By not mortgaging a good, you do not run the risk of losing it if you fall in default, but you could have to prove better solvency conditions than someone who has a property as collateral.

In short, reunifying debts without collateral is not a simple task, but can compensate in some cases. For example, if debts do not let you breathe, and you have a stable job, it is a good choice. In exchange for extending the repayment of the debt through unification, you will be able to gain time to recover your stability. In the long run, there will come a time when you settle the debt in advance because you can save with lower monthly payments.

Who is interesting for and how does it work?

Who is interesting for and how does it work?

The reunification of debts without a mortgage and without a guarantee is not for everyone. As we have mentioned, only a certain client profile is suitable for this option. As an alternative, Good Samaritan offers good conditions in quick loans so that you settle your outstanding debts and arrive at the end of the month. In many cases, it is possible to catch up on debts through these small loans. This way you can avoid more formal procedures such as reunification.

Keep in mind that reunifying debts without mortgages implies formalizing a longer loan. This means that you will have to pay fees for longer. In case your economic situation changes in the future the quotas could be more complicated to deal with, although being monthly reunified lower it is also true that it is easier to make payments.

To reunify or not reunify debts?

To reunify or not reunify debts?

Before seriously considering to reunify debts without endorsement you must study the conditions of this operation. Also, the financial one you choose to get the agreement is the one that will determine if the process is approved. If you do not have a real estate or other type of guarantee, you usually ask for more requirements, such as a payroll or other stable regular income samples. It is also common for an opening commission to be requested as a guarantee for the finance company that you will have to face.

For this reason, reunifying debts without a mortgage and without a guarantee is not for everyone. Many people have no choice but to settle their debts through small quick loans without papers . Actually, it is a good strategy to settle payments whenever you can to have a lower load in the coming months. Since Good Samaritan, you are supported in these types of decisions so that you soon recover economic stability.

If you are interested in proposing a reunification, you do not lose anything consulting your options with a financial one. After all, it is possible that, if at present you do not meet the requirements, later on you can. The key to ensuring your financial stability revolves around studying well the decisions related to your money. When you have outstanding debts, it is best to settle them as soon as possible.

How to get better at the end of the month

How to get better at the end of the month

Almost all of us have customs that make us spend more money for things we do not need. That is to say, we like to give ourselves a whim from time to time, but have you asked yourself if you can do without something? One of the most repeated guidelines by experts in economics is that living beyond the possibilities is what indebts many people. Adjusting your belt a bit is not comfortable, but it is what you touch if you have to pay debts.

Good Samaritan helps you settle your urgent payments with customized micro loans. The process is very simple and you can count on the money in your account in minutes. Learn more about the system of this financial institution on its official website , you will see that everything is explained clearly. There is no small print or hidden conditions, from the first moment you will see the terms of the service contracted.

Many people already benefit from the services of this entity to have control of their finances. With small punctual aid, online credits , you can settle your debts little by little. When you have a lower monthly payment load, you will begin to breathe easier. Trust in the expert attention of this financial institution to fulfill your objective as soon as possible.

The best ways to save

“Currency saved, currency won”. It is one of the many pieces of advice that our proverb tells about the not always easy task of saving and that in these times we should have even more present. In this article we expose you some keys on ways to save and methods on spending control , with a clear purpose: make better use of your income and increase your purchasing power in the medium and long term.

Set yourself savings goals

Set yourself savings goals

Let’s start at the beginning: to save, you have to set saving goals. And for those objectives to be real and achievable , we must be very clear about our income . Given the variety of current contracts, this point is not always clear: part-time, part-time, self-employed, prorated payroll, etc. contracts. Therefore, the most appropriate is to calculate what is the actual figure you receive per month and, on the other hand, what are your fixed expenses each month (rent, mortgage, receipts, etc.). Subtract the fixed expenses from the monthly income and it will give you a figure: your current money , which you can really use every month. And depending on that number, you should mark the saving objective.
Each person and each family can set specific goals. In fact, there are people who devote to saving is what they perceive in the return of the Income Tax Return, so their figure is not fixed but variable. In any case, it will help to know the savings rate of Spanish households : the percentage usually ranges between 9% and 10% of disposable income , according to the National Institute of Statistics. Therefore, if your annual income is € 20,000 net, an interesting amount of savings could be € 1,800 or € 2,000 per year, or what is the same, around € 150 per month.

Establish an expense control method

Establish an expense control method

“Saving is not just saving but knowing how to spend”. Undoubtedly, another interesting tip of the Spanish saying, which in this case makes mention of another key aspect in saving: spending control . Again, each person is a world and can choose their own method, although most of them will require constant work of recording expenses and disposable income .
One of the most successful methods in the Anglo-Saxon world is envelope budgeting or envelope budget . In fact, it is a traditional method that many people carry out at home without realizing it: distribute the money in different envelopes, each for a different use: rent, leisure, transport, clothes, etc. In this way, you ensure that no concept steals the budget from others. It can be done physically, that is, with real envelopes and bills, but also virtually: there are several applications for mobile, such as Simplebudget, which allows you to write, add, subtract or transfer money from one envelope to another on your smartphone . With this, you will really know how your envelopes evolve and what is the real situation of your current account.
Another traditional and effective method, in this case of Japanese origin, is the Kakebo . This method is in practice a book of accounts in which the user must write down their expenses in each box, so that the accumulated disbursement is calculated by day, week and month. This will shed light on the real destiny of our money, promoting awareness and responsible consumption. It also allows you to mark savings forecasts and other spending commitments.

Some ways to save

Some ways to save

Any way to save is valid as long as it is effective. And for this, the indispensable premise on the part of the user is honesty with himself and perseverance . The most classic method is undoubtedly the piggy bank , which can be filled with periodic contributions or with the daily change that can be dispensed with in daily expenses.
Another current resource is that of banking products . For example, savings accounts , with periodic or punctual contributions, that will allow you to have the money controlled and safe at all times, in addition to receiving a small return on the deposit. Pension plans are another example, which give greater profitability, but with greater risk and with almost zero availability until retirement.
Finally, one of the keys to any of these ways of saving is respect for saving . That is to say, the commitment with oneself that this quantity that grows little by little can not be touched, except as a cause of force majeure. In this sense, online microcredits are an aid and a method of protection against the temptation to take advantage of savings when you do not have to: in the face of small extra or unexpected expenses, Credit Positive provides you with a fast online credit of € 50. € 750 immediately and without long-term ties: you request it, spend it and return it, and meanwhile your savings will remain intact.

Is it Possible To Reduce Interest Rates On Credit?

The key feature of any loan comparison with other loans is precisely that APR or annual interest rate , which determines the percentage that you will have to pay if you choose to receive the loan. These interest rates essentially show the amount of money the bank will charge you for as a commission on the money that has not yet been repaid, which in turn means that a loan of 1000 Euros 5% will be 50 Euro, but out of credit with an outstanding amount of 500 Euro, 5% will be 25 Euro. In this way, it is easy to understand how the same interest rate for different loan volumes can cost so different, but it is even more important to understand how different interest rates for one loan amount can make different rates.

Taking the same example with a 1000 Euro loan, the 3% rate for such a loan would be only 30 Euro per year, while the 20% rate would amount to as much as 200 Euro per year, not to mention GPL rates, which are up to 100%, in which case you would have overpay all 1000 Euros, and that is already frenzy! Just because this interest rate is the most important part of any loan, a cut in interest rates could be quite profitable and even a one-percent lower interest rate on long-term loans can be very beneficial over several years! So let’s also try to find out what these ways are, how can these interest rates be reduced?

 

Changing the creditor

Changing the creditor

One of the easiest and most common ways to change the loan interest rates is by changing the service provider where you essentially get the same loan from another bank or private creditor, but with the lower interest rates and the second loan pay the first loan and continue to pay credit in that second institution. Such actions are not frequent, but there have been cases when people are doing this and have received much lower interest rates, especially if they are from private creditors to the bank or from one bank to another. But it is possible that as soon as you notify the bank that you want to refinance your loan, the bank will offer you more favorable terms and ultimately you or that you will benefit.

 

Securing a Loan with a Pledge

Securing a Loan with a Pledge

Also securing a loan with a mortgage or a guarantor can reduce the interest on this loan, because in this case the creditor is less at risk of losing his money and therefore it is possible to offer a lower percentage. Adding a new guarantor or collateral to an existing loan is not rare, but in the recent economic crisis, banks even asked their most insecure customers to do so so that they could guarantee that the loan would be repaid. And if the bank has already demanded such measures, it is possible that if you want to reduce your loan interest rate, you will be able to do so by creating a guarantee or by attracting a guarantor.

 

Negotiating

Negotiating

And usually the easiest way to reduce interest rates is by negotiating with bank representatives, where you can tell that you are looking for ways to cut interest rates, and that you are a customer of that institution for so long, so the bank can you trust and give these lower interest rates. Of course, the chance that such a move will succeed is tiny, but it will definitely not be a bad thing, and in the worst case, you just get a refusal.

I hope that any of these techniques will work for you, but if you have any further suggestions, be sure to write them down in the comments section and we will add them to other readers!