Month: October 2019

A loan at the client’s home – how does it work? What are the advantages of such a loan?

by admin

Sometimes you can find the opinion that in the Internet age loans at the client's home are dinosaurs on the non-bank loan market. Nothing could be more wrong. A loan at the client's home is a very convenient, secure and still extremely popular form of incurring financial obligations. What is the customer's home loan? What are the benefits of a home service loan? How to use it? Who can apply for a loan at the client's home?

 

A loan at the client's home - what is it?

home loan at the client

Household loans appeared on the Polish financial market in the 1990s and quickly gained a lot of supporters. The most important distinguishing feature of a home loan is that you can make a commitment and then pay it back in installments at your home. All you have to do is make an appointment with the lender's representative so that he can come to the address and help you complete all formalities. After signing the contract, the representative hands the customer a certain amount in cash.

A loan at the client's home is an alternative to financial products granted on-site at the lender's office or via the Internet.

 

Advantages of a customer loan at home

Advantages of a customer loan at home

A loan at the client's home is a convenient way to take out a loan that many people still use. Despite the intensive development of loan services on the Internet, there is a large group of customers who prefer personal contact with a representative of a loan company. In such cases a loan at the client's home is a great solution.

The most important advantages of a home loan

  • The loan can be taken without having a bank account - this eliminates the need for a verification transfer; cash goes directly to the customer's hands
  • A convenient solution for the elderly - most lenders provide services via the Internet, and older people are not always sufficiently familiar with these issues. They prefer a face-to-face meeting with a consultant
  • No need to leave the house - you don't have to leave the house to get money. This is important for people who, for example, have mobility problems or fulfill duties that require their constant presence at home
  • No obligation to make regular bank transfers - a loan company representative regularly arrives for cash at the client's home. Thanks to this, you don't have to remember to make a transfer
  • Possibility to adjust the date of the lender representative's visit - customers have the option of adjusting the date of the loan company's representative to other activities - working hours, leaving home, trips, etc.
  • Quick explanation of any doubts - if any doubts and ambiguities arise when signing the contract, the client can ask the loan company employee to clarify them
  • Loan for any purpose - it is not required to specify the purpose for which the funds are to be allocated

 

How do you get a home loan?

How do you get a home loan?

There are several ways to get a home service loan.

1. Making a phone call to the Customer Service Office to the number provided by the loan company

2. Sending an SMS to the Customer Service Office to the number provided by the loan company

A loan consultant will contact us to discuss the details and date of the visit.

3. Use the form on the loan company's website. Specify the number of installments and the loan amount you are interested in. It is also necessary to provide basic personal data to verify the borrower.

The granting of a non-bank loan depends on the positive assessment of the customer's creditworthiness.

 

Who can take advantage of the customer's home loan?

Who can take advantage of the customer

The clients of companies providing home-based loans are mainly people who cannot or for some reason do not want to take advantage of bank loans and online loans. It is often dictated by the lack of a bank account, a negative credit decision in the bank or the inability to leave the house.

A non-bank loan at the client's home can be obtained by persons who:

  • are over 18 years old
  • they live in Poland and have a permanent address
  • are Polish citizens
  • they have an ID card
  • have a cell phone number
  • they are not entered in the registers as debtors who do not regulate their obligations, including in BIK, BIG InfoMonitor, KRD, ERIF
  • have full legal capacity
  • complete an application or contact the loan company's Customer Service Department
  • they will receive a positive credit decision after applying for a loan
  • accept the terms of service by signing the loan agreement

 

How do I return money in a home loan?

How do I return money in a home loan?

When signing the contract, the customer receives a schedule of repayment. He should read it carefully. In the case of home-based loans, installments are most often collected weekly, rather than monthly as for other types of loans. When the repayment date arrives, you must have a designated amount of money with you. A loan company representative will come to your home and collect your cash. After collecting the loan installment, the consultant should leave confirmation of receipt of the money. For the customer it is an important document, a certificate that he has repaid the installment of the commitment.

Sometimes it is also possible to pay the liability by bank transfer, for example when we leave for a longer vacation or change our place of residence. Thanks to this, the fact that we took out a loan will not negatively affect our other plans.

If you ever encounter problems paying your loan installments on time, you should contact a loan company representative. After explaining that we do not have enough funds, the consultant usually tries to find a solution and thus help. Non-bank companies have at their disposal various instruments that help in repaying the liability, for example deferring the payment deadline.

 

How high can the customer's home loan be?

How high can the customer

The amount of the loan without leaving home can be up to $15,000, it all depends on the offer of the given loan company. This obligation may be spread over a minimum period of ten weeks. The maximum loan repayment time is 104 weeks. Thanks to this, the customer can adjust the amount of the installment of the commitment to his financial capabilities.

Regardless of the amount of the loan and how long repayment period we decide, before signing the contract it is necessary to read all the provisions of the document. A deliberate borrowing of money allows you to save the right amount in your home budget for repayment of subsequent installments, thus avoiding excessive debt.

 

Don’t be fooled – how to take a loan safely?

by admin

However, do not do it too lightly, without thinking through and checking the terms of the contract. It is worth finding out how to take a loan safely so as not to be stretched or cheated. Let us remember that too hasty decisions can be a source of long-term problems, frustration and extreme stress in the future. And this can be avoided!


Let's set a goal and assess our credit standing

Let

Spontaneity is not recommended. Before we sit down to browse and choose the right offer, we should clearly define our needs and financial capabilities. For example, our goal may be renovation of an apartment, purchase of new household appliances or financial assistance in becoming grandchildren. After that we can move on to the next step - analysis of our creditworthiness. Let's consider whether we are able to spend part of the amount needed from our own pocket, or whether we will have to borrow the whole. It is also worth making sure that we do not have any outstanding debts and thus do not appear in credit or business information bureaus as a debtor.

 

How to check the credibility of a loan company

How to check the credibility of a loan company

Before signing the contract, you should carefully verify the lender and the services it offers. How to check a loan company? We can do it via the Internet. Thanks to this, we have the ability to quickly reject unbelievable companies that are not subject to any supervision, and thus are focused on quick profit, preying on the naivety of their clients.

 

The best loan comparison engine

The best loan comparison engine

The only question is how to find a reliable lender and the best offer? An online comparison site for loan companies can be helpful here. Before the offer of the non-bank service reaches the ranking list, the lenders' reliability and compliance of the provisions of contracts concluded with it are checked with the applicable legal regulations. There is no place for unverified and accidental services here.

 

Check the rankings of such companies

Check the rankings of such companies

The ranking of cash loans gives us the opportunity to compare several offers in terms of parameters such as APRC, interest rate, monthly installment amount and commission. Loan companies are required to operate under the provisions of the Anti-usury Act. This means that the prices of loans with individual lenders are very similar, but not always the same. They often differ in nuances, e.g. some offer the first loan for free, while others add a commission. Therefore, when reading the contract, we must pay particular attention to: interest on the loan, additional fees, collateral and costs associated with servicing the loan and other provisions, especially those written in "small print".

 

Secure internet loans

Secure internet loans

Once we decide on a specific offer, the comparison site will redirect us to the company's website, where we can apply for a loan. A few minutes after filling out the form, we will receive information whether our application has been granted. Later, the money is transferred to a bank account.


Safe Credit

Safe Credit

To sum up, finding a secure loan offer is not that difficult. We just need to spend some time comparing offers and thoroughly reading the contract. Let's not regret this time! We gain in this way anyway, because we don't have to go to banks or make phone calls.

Banking loan

by admin

Floral Bank is a Danish online bank that has been in the Danish loan market since the year 2000. At Floral Bank you as borrowers have the opportunity to take out a private loan, a car loan or a collateral loan. However, Floral Bank differs from the traditional Danish loan providers. Basebank also serves as a bank where you have the opportunity to get an account and a credit card. Among other things, you can get a salary account and a budget account with the bank.

Base Bank is for those who want to borrow a larger amount

loan credit

Floral Bank offers loans of between USD 30,000 and 500,000 with a maturity of between 12 and 180 months. The bank interest rate at Floral Bank is extremely competitive compared to other providers. The interest rate goes from 19.95% and down to 4.95%. What interest rate you are offered depends on your credit rating. The better the credit rating, the lower the interest rate you will get.

What sets the bank apart from other banks in the market is that, as a rule, you do not have to provide collateral for your loan. The fact that you do not have to provide collateral for the loan has the advantage that the loan process is easy and fast, and at the same time there are no costs associated with registering what you would like to provide for the loan. When you borrow money from Floral Bank, it all goes online in 3 simple steps:

  1. Choose how much money you want to borrow and how long the term should be
  2. Sign the loan application with your NemID
  3. If you get approved, the money is paid right away

Floral Bank offers an attractive collateral loan

bank loan

If you have debts with several different creditors, Floral Bank offers to collect your debts with them in a single loan. This means that it becomes much more manageable because you only have to deal with one creditor. If you have very expensive debt, such as a consumer loan, there is also a chance that your debt will become cheaper if you collect it from Floral Bank.

The bank offers some really attractive interest rates. When you need to apply for a collateral loan, you can use the bank's online calculator, where you can enter the debt that you would like to collect. You also choose the maturity, and based on this you can see how much you have to pay off per month. A really smart tool that makes it easy for you to collect your debt.

What requirements do I have to meet?

To be eligible for a loan from Floral Bank, there are a number of requirements that you must meet. We will discuss these below:

  • You must be over 18 years of age
  • Your residence must be Danish
  • You must have a fixed income
  • You must not be registered in the RKI or the Debtor Register

Many Danish loan providers do not offer loans to 18-year-olds, just as Floral Bank does. Are you a young person with a fixed income and would you like to borrow money? So Floral Bank can be a really good offer for a loan provider.

All possibilities to finance a car

by admin

Are you considering the purchase of a new car, but do you (just) not have enough financial space to pay for it in one go? Borrowing money is then an option. Of all 10 cars sold, almost 7 are (partly) financed by a loan.

You can borrow money in different ways: from the car dealer, your own bank or from a lender. Curious as to whether it is wise to borrow money for a car and what the advantages and disadvantages are? In this article we tell you everything about financing cars and how you can do this most cheaply.

  • Financing a car at the dealer
  • Borrow Money From The Bank
  • Borrow money online

Financing a car at the dealer

Financing a car at the dealer

It seems so obvious: take out a loan where you buy the car. Your car dealer. A loan through the dealer is indeed easy, everything goes through one portal. But the interest rates through the dealer are considerably higher than at the bank or the lender.

What are the different options and what should you look out for?

Rent buy

It is common to take out car loans as a 'hire purchase'. In that case, your dealer will remain the owner of the car until you have fully repaid the loan. If you do not pay back or if you do not keep to the agreements, the dealer can simply put the car back in the showroom.

Purchase by installment

If you choose to purchase on installment, the car will be yours immediately. However, the interest rate is high with this form of loan and the term can be long. What is the biggest disadvantage? By the time you have paid off the loan, the car may already be so old that you can no longer resell it.

Private lease is an alternative to installment payments. You drive a (new) car for a fixed amount per month and you have no maintenance costs. This form of car financing is becoming increasingly popular, although the costs are high.

50/50 Deal

A third option is the well-known 50/50 (fifty-fifty) deal. You pay very little interest on the first half of the loan. You pay the second half after an agreed period. The advantage with a 50/50 deal is that you pay little interest. The big disadvantage, however, is a high fine if you are unable to pay off the second half.

Borrowing from the dealer entails a number of disadvantages. Many customers feel uncomfortable talking to the dealer about borrowing money. Moreover: if you have to indicate in advance that you cannot pay for the car yourself, you will never receive the best price or the maximum discount from the dealer. You have no negotiating space on the purchase price, a higher trade-in value or accessories.

Borrow Money From The Bank

Borrow Money From The Bank

Would you prefer a loan through your own bank? This option is often chosen because it feels familiar to borrow from the bank, where your account has been running for years.

But do you decide too quickly and are you mainly looking for the convenience and the familiar feeling? When borrowing from the bank, you are still more expensive, due to the overhead costs of traditional banks.

Borrow money online

Borrow money online

A loan through an online lender appears to be the most cost-effective and sensible option. The Dutch Credit Company has a specialization in consumer credit. We also use an online method only and can therefore offer your loan cheaper. You can quietly compare which loan suits you best and how much you can borrow. The interest rate is a lot lower than with the regular banks.

At Good Finance you can finance your car through a Personal Loan or Continuous Credit. We will explain below which loan type is more sensitive.

Personal loan or revolving credit?

With a Personal Loan you borrow exactly the amount you need. Then you immediately start paying off, based on a fixed monthly amount. Accelerated repayments can and are free of penalties with us. A Personal Loan is the most secure and economical way to have the amount available for your car within 2 working days:

  • Fixed amount per month
  • Fixed duration
  • Fixed interest
  • Always be able to pay extra without penalty

With a Personal Loan you see your debt shrink every month. You cannot withdraw an amount of money within the loan. A safe feeling, because you will not be tempted to build up an extra debt.

With a revolving credit, the interest is not fixed. If interest rates rise, you pay less and the term becomes longer. In this way, a residual debt risk can even arise: the car is then worth less than the outstanding debt.