Archive December 2018

Buy a parking space … Personal loan or mortgage?

Buy a parking space

Normally the acquisition of a garage, is performed simultaneously with the purchase of the flat or house, however, there are several reasons why this operation is not carried out jointly, whether the extra space is bought by spending to have a second car, or because the building where it was purchased does not have places to park the car or as an investment.

In this post we talk about the alternatives to the mortgage in the purchase of housing

That is why, in these cases, many Spaniards consider the need to access a funding proposal that best suits the case, and this is exactly what we will discuss next. Buy a parking space

Until recently, the market did not offer a specific product that provides the financing necessary to acquire a parking space, therefore, there was no other option than requesting a personal loan for financing.

If you are considering a mortgage application, in this article we compare the online mortgage with the conventional mortgage.

The sunset of the parking mortgages

They were a product not very commercialized nor well known, of which, to date, there is no trace (or not advertised) in the market.

First, parking mortgages granted capital of up to 70% of the appraised value of the garage, a situation that is a comparative advantage over personal loans, which in general terms are more limited in the aspect of capital.

Normally and by the modality of mortgages, the requirements to access this type of loans were lower than in the case of personal loans, since it is enough to own a property for the loan to be granted.

In this other article we show you how many years it is better to buy or rent

Also, one of the main advantages of mortgages against loans is the repayment term. Normally these mortgages were granted with terms of up to 15 years for their return and therefore maintain a much lower rate than a personal loan.

However, not all are advantages when we talk about these mortgages. In general terms, the formalization expenses were very high, since a multiplicity of commissions were applied, such as opening, early cancellation, partial amortization and study, etc. The effect of these commissions can increase the final product by up to 5 %. 

The second difficulty when trying to access this type of credits, is that they were not very popular. There are few banks and boxes that have created this specific product. As an example we can mention the Parking Mortgage that at the time it was selling Unnim, although it was not a product that was lavished before and that, of course, is still not very abundant (not to say it is non-existent)

The best thing in these cases is to find out in your bank or cashier the type of financing offered, however, personal loans are usually between 8% and 10% per annum and all options should be analyzed.

Mortgages today

In any case, and apart from these specific operations to which we referred, mortgages nowadays begin to be truly affordable in relation to what they supposed to be only a year ago. Let’s not forget that after the rupture that supposed to transfer the psychological barrier of the spreads to 2%, we have witnessed a scenario in which these differentials have gradually been decreasing, until finding today an offer in which we can find differentials to 1% (although it is true they are not the most frequent)

In other words, mortgages are becoming cheaper each time, although, it is true, this drop in spreads has to do with a time when interest rates and the price of money have fallen dramatically, and in the fact that even the effects of disinflation are felt. It is also notorious, and so we must pick it up, the fact of the decrease in the levels of demand, for example, by reducing the requirement of minimum income to access the best conditions of mortgages although, yes, we must take into account that the levels of bonding are increasingly higher.



You are urgently looking for a financier for your loan who will help you?

Many people in urgent need of cash do not turn to their bank, but go on the Internet in search of a suitable financier. There are different possibilities for this. You can contact a private credit intermediary or register on an internet portal and place an ad with the content: “Seek urgent lenders.” Subsequently, various private lenders will be ready to help you to fulfill all or part of your request. Often you can already have your money within a few hours.

Seek urgent lenders- Immediate loan

The function of a private credit intermediation portal is not to act as lender. However, it wants to bring together private lenders and private borrowers who can individually agree on the conditions for lending. The data transfer is completely anonymous, so that the borrower can always be sure that his identity is protected. When registering on the Internportal, however, various personal information including the account number must be provided. However, this does not mean that the lender learns about it. Once a suitable lender is found, the money can be disbursed immediately and used for its intended purpose.

Seeking urgent funders – financial bottlenecks

There are many situations where there is an urgent need for action and cash is needed to bridge financial bottlenecks. It is particularly difficult when the bank is unwilling to help in the short term and to provide an installment loan. A personal loan is often the only alternative. If this is also not possible, it may be possible to apply for an instant loan with a domestic or foreign bank. However, the Financial Credit Institutions and the income plays an important role. With a foreign bank the information can be neglected.

The Ideal Loan for Public Employees

The Ideal Loan for Public Employees

Do you work as an employee of a public administration? Do you need a loan but are you already busy? Request a quote for the transfer of the fifth public employees immediately. The sale of the fifth is the ideal loan for you!

The transfer of the fifth to civil servants is a personal loan for employees of the civil service.
Employees of the public employment are defined as employees who provide services to public administrations, such as hospitals, municipalities, provinces, regions, social security institutions, etc.

Civil servants can obtain a fifth transfer with a maximum payment of 20% of the monthly net salary and an amortization plan with a duration of between 24 and 120 months. The maximum eligible amount is calculated in relation to the maximum amount expected, which for public employees amounts to € 85,000.

In order to request the transfer of the fifth, it is necessary that a public employee has completed at least 3 months of employment (regardless of the accrued TFR). The duration applied is calculated, moreover, based on the age of the applicant who must not exceed 70 years of age at the expiry of the contract of the fifth degree; this data is valid for both men and women.

To request a quote please fill in your contact request with your details and you will be contacted by one of our consultants.
Your income documents are enough to get a free estimate of the amount you want, but if you send the salary certificate completed by your administration you will get a more precise estimate and for the maximum amount obtainable. Remember: if you are a public employee, the sale of the fifth is the ideal solution to apply for a loan!

How to loan money privately?

Looking for loans on the Internet and looking for private investors can have several reasons. This often happens because of poor credit ratings or because you want to avoid the burden of high interest rates, as they are currently in consumer loans or discretionary loans on the agenda. Especially entrepreneurs or company founders have a hard time with banks, because banks generally lend only higher sums, because otherwise the testing costs would not be worthwhile. Especially for company founders who only need a small start-up financing, this is often a problem.

In addition to classic lenders, such as banks, there have been other models offered over the Internet for some time now. In these models, private individuals act as lenders who use these models as an investment opportunity. Placement platforms can be used to set up a project, whether private or commercial, and there is a kind of auction in which the donors can participate. With a little persuasion and luck, you can win enough financiers for your project or one who invests the whole sum. For many it is interesting and important that the whole thing without a credit check is going on. The decisive criterion is the project and the interest offered in the auction. Often, these projects are forms of debt rescheduling, where money is used to pay off expensive loans, purchases and investments, or repairs and renovations that need to be done.

In addition, this is especially interesting for entrepreneurs or company founders, there are various ways to borrow money from private investors. One possibility is private equity funds, which raise capital from investors and make it available on a loan basis. Another possibility is in the form of equity investments and so-called mezzanine financing. Even so-called business angels can be found on the Internet, investing in a company or in a trade.

Personal loan for the summer holidays?

Ah summer! The sun, the days to extend, the barbecues with friends and… the holidays! About half of the French go on holiday during the summer, for a period of a few days to 3 weeks. But faced with the number of possibilities that come to us for the organization of our stay, everyone does according to his desires and according to his budget. By the way, here is everything you need to know about the French summer holiday budget.

A budget equivalent to a salary

A study shows that the summer vacation budget amounts to an average of 1,473 euros, more or less the equivalent of a salary. Of course, this figure hides in fact great disparities, because the budget is very different, depending on whether you leave alone or with family or whether you choose to go on vacation at the hotel or in the family home.

What we can note is that 61% of the French provide a holiday budget of less than 2000 euros, and even 16% a budget of less than 500 euros. At this price, it is obvious that we must make a choice between length of stay, attractiveness of the destination, quality of housing and activities…

As a general rule, the French holiday budget is divided as follows:

  • Housing: 30%
  • Transport: 20%
  • Hobbies: 20%
  • Restoration: 20%
  • Miscellaneous (purchase of magnets and postcards among others): 10%
  • Of course, it is always possible to reduce a position to favor others when you have a limited vacation budget.

Financing a holiday smoothly thanks to the personal loan

We can do what we want to reduce the cost, go on vacation, it is always a budget, especially if we want a minimum of comfort and do some activities. And then, go camping in a tent deep in the Cantal, it’s nice, but you can also want to discover other things, like holidays by the sea or abroad. And right now, the budget is not the same.

To finance holidays smoothly, a simple solution exists: the personal loan.

With an amount of 200 to 75 000 €, the travel credit is an ideal solution to enjoy a pleasant holiday without having to worry about cash. As part of a personal holiday loan, the repayment is in principle of 3 months and 5 years, enough to fund regular holidays out of the ordinary alone or with family.
Once the loan is granted, the funds are directly deposited into your account. You then have no proof to use to use the credit money and can do whatever you want.
Finally, the cost of a holiday credit depends on the amount, the duration, but also the establishment that grants you. Thus, you can find both rates at 0.8% to almost 7%, so you will need to be vigilant and compare offers to find the most adequate.

So, south of France or exotic destination? All you have to do is choose your destination and apply for your holiday credit. This year, you will be able to enjoy!


Loan calculator

Through the loan calculator you can know the truths of the amounts of your debts and consolidation operations. There are a number of reasons why people opt for debt consolidation. Having paid just to worry about each month is much more convenient than trying to do an effective follow up using the loans calculator.

The loan calculator will help you calculate your debt consolidation, with which you can help reduce your minimum monthly payments, which can be useful if your family budget is already stretched to the maximum. To see how much you can save, you’ll want to use a consolidation loan calculator.

The purpose of a loan calculator online debt consolidation loan is to help you see if it makes sense to consolidate your loans into a single debt. The loan calculator will ask for information about all of your current debt, including the interest rate, the minimum monthly payment, and the total amount owed for each account. Also the loan calculator will take into account the current rate of income tax and the fees associated with the loan that you have chosen.

Advantages of using the loans calculator:

You can estimate the amounts in the loan calculator if you do not know the exact total, but the most detailed way possible, will make the loan calculator more useful. If you are not sure what type of debt consolidation loan you have, you can use a loan consolidation loan loan calculator to evaluate all your options.

You can compare with the loan calculator, such as change factors and how the length of the payment term can affect the total amount of interest you will pay or see how a home equity loan compares to using a personal loan for your needs of debt consolidation. You can also use the loan calculator to see how to increase your payment. Depending on the agreements reached with your creditors, your savings may vary. Of course, if after late on your loan, you can expect to see your interest rates that have aroused again.



Internet Loan

Lending via the internet has become extremely popular with borrowers in recent years. Especially in a financial emergency, must be acted quickly. Invoices have to be paid and further delays are usually associated with additional costs. The Internet with its credit providers helps promptly and also offers particularly attractive interest rates.

What must be respected?

Like a house bank loan, even credit leases via the internet should not be hastily completed. Be sure to get some comparisons and pay attention to lenders. Check various reviews of other borrowers and pay special attention to the fine print in the loan agreements. Reputable providers recognize that all facts and figures are disclosed openly. You can often choose your own runtime and adjust the monthly installments to your current financial situation. In addition, a premature repayment of the loan should be possible at any time and of course free of charge. Using a repayment plan, you can see in advance what the monthly repayment and interest charges are. Examine these documents carefully and only then should you sign the loan agreement.

Advantages of an internet loan

Of course, the loans from the Internet also have many advantages. In addition to the ability to compare various providers quickly and even, of course, the faster processing period is observed. If someone is interested in a loan, it often has to go fast and here, the loans from the Internet probably the biggest advantage. Within a few hours, you will receive an acceptance or cancellation and the granted loan amount will often be transferred to the account on the same day.

The loan application can be completed online and transmitted. For some people certainly a big advantage, because the personal way into a bank means for many a great overcoming. If you also have the question “who can lend me money today”, you should take a closer look at the internet loan offers.