Best Online Loan For Bad Credit -Luxitality.Com / Fri, 03 Jan 2020 07:58:20 +0000 en-US hourly 1 Credit refused: explanations and advice for applying /credit-refused-explanations-and-advice-for-applying/ Fri, 03 Jan 2020 07:58:20 +0000

A credit refused by the bank or a loan refused by Bankate, Viloan or anyone else is never a pleasure. Fortunately, there are solutions. We must not remain on a first failure and challenge our project definitively. The refusal criteria are not the same from one bank to another. We will see how to make or reapply for a loan with the maximum chance of reaching an agreement.

Consumer credit refused by the bank

Consumer credit refused by the bank

Almost one in two consumer loans is refused by banks on average. Traditional banks do not prioritize consumer credit. This is the reason why companies like Bankate, Good Finance and even Zaloan were born.

To be able to grant a loan, you have to know how to assess a client’s risk as well as possible. To earn money, a bank must succeed in lending only to customers who will repay it best. However to assess the risk of a customer on a consumer credit, the credit file certainly requires supporting documents but much less than for a mortgage. Banks find it difficult to assess the situation and the repayment capacity of those they do not know. They especially do not want to invest time to process the files on small amounts, preferring to focus on the mortgage.

Online organizations in response to credit refused by its banker

As the banks do not specialize in consumer loans, their conditions for obtaining credit are different from those of online credit specialists.

To hope to obtain a credit in a bank, it is generally necessary to be an excellent customer for a long time (ten years), to have savings and an irreproachable account management.

It is common for a credit refused by your bank to be accepted by a credit organization such as Viloan, Zaloan, Bankate, Oney or others. In the event of a loan being refused, financial organizations have the full right not to communicate the reasons for their decision.

Note: It is important to always provide the correct information when applying for credit online. Organizations rely on supporting documents to verify the accuracy of the information. A wrong entry can lead to a credit being accepted and then refused later. An avoidable waste of time.

The Benefits of Online Organizations

As we have just explained, knowing how to assess the financial risk of an unknown client requires know-how. This is exactly the skills that organizations such as Viloan, Good Finance and Franfinance have developed. Their job is to know who they can lend money to and at what rate.

To give our customers a better chance of obtaining an agreement, we have developed a unique solution.

Credit refused by Bankate, Viloan, Zaloan or other: how to do it?

In the event of a credit being refused by AStro bank, Good Finance, Bankate or the others, we may wonder if we will end up finding someone who will accept his file. There are several cases. As we detailed in our article Credit refused without reason, a loan refused by the agencies is generally refused for a question of logic.

Reasons for Refused Credit

  • Generic refusal rule : this type of rule corresponds, for example, to being on file with the Banque de France or to the payment incident file. Or may be the result of too much debt, insufficient living space per homemaker, etc. In all these cases, there is practically nothing to do. The credit will be refused by most, if not all, players. The only possibility in the event of too much debt is to consider buying back credits.
  • “Score” refusal rule : if we are not in the previous case, this is where our system intervenes. The credit can be refused simply because his file corresponds to files that have had repayment problems. In this case, it is entirely possible that a specialist refuses the request for rapid credit but that another accepts it without problem. That’s the point of using a comparator with immediate response.

Credit comparator with immediate response

Credit comparator with immediate response

We are certainly a credit comparator which allows us to obtain credit at the best rate, but we have above all developed an exclusive system.

It makes it possible to have a better chance of obtaining your loan at the best rate in case of credit refused by the bank or financial companies.

Since the latter do not all have the same credit score (or criteria for accepting a credit), it is never surprising that people are refused by one organization but accepted by others.

We have developed a single questionnaire allowing the best three organisms to be questioned simultaneously, based on the APR rate. Our system therefore concentrates several requests in one. Save time and more chances of reaching a pre-accepted credit. These steps are obviously not engaging.

Example of the results of a credit simulation:


In this example of a request for a 10,000 euros personal loan over 48 months, the best organization (Zaloan) does not accept the application. Bankate, ranked second, however agrees in principle. A percentage of acceptability greater than 50% indicates that the credit is accepted, provided that the credit documents correspond with the information indicated in our questionnaire.

Credit refused by the bank: Home loan

Credit refused by the bank: Home loan

The home loan is not an easy credit application. If the credit turned down by the bank is a mortgage, the approach is similar. Just because a bank refused your file does not mean that another bank will not be able to accept it. Even if it is even more annoying that our own bank refuses to support us in a project as important as the purchase of a house or an apartment, this is not a reason to abandon its project.

As we have explained for consumer loans, in the event of mortgage loans refused by the bank, competition must be brought into play. Because beyond the credit score as we saw before, when it comes to a mortgage loan refused, there may be other reasons that come into play.

For example, for young people, it is rare that a loan without contribution passes easily. The type of property (house, apartment) can also affect the credit decision, as can the geographic area. There are many reasons to get a declined credit.

Home loan refused: what options?

You have to make competition to not stay on a mortgage refused by the bank; but also and above all to lower the rate. This is exactly the role of a broker. But unlike consumer credit, when it comes to home loans, rates may vary by region. And mounting the request is much more technical.

Our comparator is adapted to the specifics of the mortgage. To seriously assess everyone’s file, we have set up a completely free service. It makes it possible to make a first point on the request and to understand the reason for the credit refused by the bank, but especially to assess the different possibilities.

Once the online credit application is completed, if the file is assessed as eligible, our specialist mortgage loan partners will get in touch quickly to study the file and explain the borrowing possibilities.

Credits Creed for Negatives and Their Traps /credits-creed-for-negatives-and-their-traps/ Thu, 02 Jan 2020 07:13:59 +0000

The number of delinquent people in Brazil has been growing day by day, today there are millions of people in this situation in our country. And precisely when you are in this situation the search for credit becomes the main solution to settle accounts and “clear” the name.

However, you must be very careful when seeking credit when your name is negative.

Some financiers have gained prominence by offering this type of credit, and we can cite the crevice here. Theoretically, it would be great news for all those who are looking for this type of credit to have a Astro-sized financial company to help them, right? Wrong! We will detail for you some precautions regarding the negativity credit crevice.

Astro Credit for Negative

Astro Credit for Negative

Astro is a financial institution whose main focus is personal loans, in 2015 it posted a profit of over one billion reais, which caught the attention of everyone in the market.

Some years ago this financial company also stood out for facilitating credit for negatives .

However, you must be very careful when looking for the credit for negative credit, the interest rate practiced by this financial is extremely high!

To give you an idea, in a $ 7,000 negative credit crunch loan simulation to be repaid in 12 installments, the total repayment amounts would be 100% higher than most banks and financiers operating in Brazil.

Unfortunately, this is the high price Astro charges for those who are negative.

It is also worth noting that Astro does not offer credit to negatives in the following situations:

  • People who do not have a formal license.
  • Autonomous people.
  • People who are unemployed.

Search and Inform

Search and Inform

If you are looking for credit and have the name “dirty”, be sure to research this type of credit before closing a deal and signing anything.

Remember that lenders and banks working on this type of loan take a higher risk, so they do a very strict analysis before releasing the credit. Thus, installment maturities are generally stricter than those offered by other types of loans.

Also be sure to pay close attention to the interest rates on offer, and try to take in small installments so that you have full ability to honor the commitment you make.

The Disadvantages of Credited Creed for Negative

The Disadvantages of Credited Creed for Negative

Founded in the 60’s, today Astro is one of the largest financiers in Brazil, offering personal loans to retirees, pensioners and civil servants. For some years Astro has been standing out in the domestic market for facilitating credit for negatives, attracting many customers who are currently restricted on credit.

Unfortunately, Astro is also one of the financial companies that offers one of the highest interest rates in the domestic market. The personal loan rate for Astro averages 20.06% per month or 796.74% while the national average is 3.79% per month or 56.29% per year ( This demonstrates how expensive it can be to apply for credit at the crepes.

We will highlight for you some important points about Astro credit for negatives, so that instead of solution this does not become an even bigger problem for your pocket.

Disadvantages of Astro Negative Credit

Disadvantages of Astro Negative Credit

  • High Interest: On average, the interest rates charged on loans offered by Astro is the second highest in the Brazilian market, well above what is practiced in Brazil according to samers
  • The amounts released in Astro credit for negatives are very limited.
  • There is no 100% online platform for hiring Astro credit for negatives .
  • Fees: There is not a “registration” fee that is very present in other financials, but you should be aware of any extra fees before signing anything.

Credit for negatives is offered only by lenders, as its name says, it seeks to “help” people on delinquent lists who want to clear their name and find it difficult to get credit at banks.

Because of the risks taken by the financial companies that work with this type of service, they end up charging extremely high interest rates. The Central Bank does not discriminate the average interest on this type of credit, so we can easily find rates above 20% per month.

It is also worth noting that Astro credit for negatives is not offered in the following situations:

  • People who do not have a formal license.
  • Autonomous people.
  • People who are unemployed.

Be sure to Search and Inform

If you are looking for credit and have the name “dirty”, be sure to research this type of credit before closing a deal.

Remember that the financial companies that work with this type of loan take a higher risk, and therefore make a very strict analysis before releasing the credit. Thus, installment maturities are generally stricter than those offered by other types of loans.

Personal loan comparator: find the best deals /personal-loan-comparator-find-the-best-deals/ Tue, 10 Dec 2019 07:12:46 +0000

To offer an objective personal loan comparator and define the TOP 3 of the best offers among the largest credit organizations, one must be very vigilant on the following points:

  • Use the legal rate of the personal loan: APR (Annual Effective Total Rate)
  • Be wary of inaccessible promotional offers
  • Trust only known financial organizations

But offering a personal loan comparison is not enough to avoid certain pitfalls. So we have also put together tips and advice to get the best personal loan rate in as many cases as possible.

NB: Our exclusive personal loan comparator not only makes it possible to obtain the classification of the best rates from the largest credit organizations but it also provides a principle response in real time from the cheapest organization. This lets you know what better rate everyone can actually get. It is also possible to access a simple classification thanks to our credit comparator.

Personal loan comparator: APR rate

Personal loan comparator: APR rate

The annual percentage rate (APR) includes all the costs included in a loan, including administration fees. It is therefore the rate that must serve as the basis for any personal loan comparator. Many loan comparators ignore this when presenting rankings that benefit them but not necessarily the customers. Always check this rate before taking out a loan.

Distrust of inaccessible promotional offers

It is very common to see offers of the “  rate from 1.00%  ” or even “  0% rate credit ” type, especially at car dealers. For all these offers, the mechanics are generally always the same:

The advertising rate is only valid over a credit period of 12 months. However over 12 months, the monthly payments of credit explode. For example, for a credit of 8000 USD, the monthly payments to be reimbursed will be more than 650 USD , which very few people can afford. But it does not matter, the “marketing” trap worked: the customer called and the advisor can then propose another offer over a longer period so that the credit can be accepted BUT the rate will no longer be at all even !

This is particularly why going through an auto loan comparator will avoid any unpleasant surprises. And our other advice is to sign nothing without comparing the loans and their rates before. Take the time, because a loan commits over several years in most cases.

Trust only big brands

The credit scams are multiplying with the development of internet. And the operating mode is almost always the same: a person testifies to have been in great financial distress, no bank having wanted to lend him money. A mysterious individual, Mr. X or Y, got him out of this bad patch thanks to the best credit that we can find on the market, from 500 USD to 500,000 USD!

Systematically avoid these testimonies which are only scams and trust only in large known financial organizations like Viloan or Demito. Regarding personal loan comparators, it must be verified that they are registered with ORIAS as can be the Capitaine Crédit under registration number 14006971 as a non-exclusive agent in banking operations and payment services (MOBSP ). It is the single register of insurance, banking and finance intermediaries. A good personal loan comparator will necessarily be there.

Why go through a personal loan comparison?

Why go through a personal loan comparison?

Our personal loan comparator often offers different rankings. Credit organizations all permanently offer thousands of offers. Indeed, if we cross all possible repayment durations with all amounts and all types of credit, we obtain thousands of possible combinations. And an organization can sometimes offer the best new car credit but a catastrophic personal loan rate. This is the reason why, it is essential to compare the personal loan.

To be even clearer, we decided to take a concrete example. Take the example of comparing a consumer loan in the amount of 10,000 USD over 60 months. Without doubt the most requested credit in France. Our personal loan comparator shows the following difference (statement made in March 2017):

The cheapest taeg fixed personal loan rate: 3.20% monthly payment: $ 222.02 cost: $
656.96 The most expensive fixed taeg personal loan rate: 5.90% monthly payment: $ 233.69 cost: $ 1,217.12

It’s almost double to double for exactly the same credit. And if we compare the personal loan of the latter and the former, it is because the brands are as well known as each other. But it is essential to check the current ranking of the personal loan comparison before committing because the offers change all the time.

Negotiate your personal loan

Negotiate your personal loan

For those who hope to get a better rate from their banker without going through a personal loan comparator, we still recommend checking before and negotiating their credit.

Although bankers only accept the best files and they are on average more expensive than specialists like Bankate or Bonabank, some prefer to question them anyway (they are not necessarily wrong if they are “good” clients). In this case, here is our negotiation technique to get the best personal loan :

  1. Get the best offer from consumer credit specialists through our personal loan comparator. In this way, you concretely obtain the best offer for your own file. A prior offer will be sent by mail. It is not engaging until it is signed but allows to show that we already really have a first offer.
  2. Make an appointment at the bank.
  3. Go to the bank to get a simulation of their best rate. At that time, you have to take out the offer you received thanks to our personal loan comparator. Either they can do better, or you already have the best deal.

Personal loan: what type of credit?

Personal <a href=loan: what type of credit?” />

A personal loan designates any type of credit not allocated to a specific acquisition. In other words, a personal loan is a credit for obtaining a sum of money which the borrower does not have to justify its use.

Because if the personal loan is a little more expensive than the new car loan or the work loan, there is no documentary evidence to provide concerning the use of the funds made available. Our personal loan comparator also allows you to obtain a car loan comparison and a work loan comparison by choosing this type of project in the simulator.

Mortgage loans: Difference between mixed and variable rate /mortgage-loans-difference-between-mixed-and-variable-rate/ Sat, 28 Sep 2019 17:58:56 +0000 Mortgage loans They have their own characteristics that differentiate them from other types of bank loans. One of these characteristics is that, depending on the type of repayment system with which they are paid, they have three types of interest rate: fixed rate, mixed rate and variable rate. In the next post we will see the differences between mixed rate and variable rate of mortgage loans.


Mortgage loans: Difference between mixed and variable rate

Mortgage loans: Difference between mixed and variable rate

In mortgage loans there are three types of interest rate under which the loan can be amortized:

  • Fixed rate: As the name implies, this type of interest rate does not vary throughout the term of the loan, so the customer pays the same fee from the first to the last, without changing whether the rates go up or down.
  • Variable rate: It is the opposite of the previous one. This type of rate changes over time and is updated annually or semi-annually, depending on the bank’s conditions.
  • Mixed rate: It is a mixture between fixed rate and variable rate since during a period of the credit a fixed rate is charged, between 5 and 10 years depending on the term of the credit, time from which it becomes variable and begins to be updated.

However, it should be noted that each type of interest rate has its advantages and disadvantages, although clients usually prefer to choose the fixed rate since it provides greater stability and security in the payment of their fees. But what about mixed and variable rates?


What is the difference between mixed and variable rate?

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Well, in the variable rate the interest changes when the first year of the term (or the first semester) passes according to the interests in force at that date. This will be the case throughout the life of the credit, so each year the client must face a different interest rate that can go up or down. This last point is important since many think that their interest rates in variable mode will only go up, but the truth is that they can also go down.

However, with the mixed rate you have a fixed-rate credit period, which allows you to stabilize your expenses during the first years of the credit. This is very useful since after facing the heavy expenses involved in buying a house (since not all the value of the house can be financed by the bank) the most convenient thing is to have some stability with respect to the payments of the debts. Even so, by passing this period you are likely to face changes of a variable rate.

So the main difference between mixed rate and variable rate is that the mixed rate offers the possibility of having a stable period at a fixed rate and then starting with the variable rate. On the other hand, in the variable rate the changes begin to be applied as soon as the first year of the credit passes.


Mortgage credit: What is appropriate: mixed or variable rate?

Mortgage credit: What is appropriate: mixed or variable rate?

As mentioned earlier, many customers opt for the fixed interest rate, which, although it is usually a little higher, implies a fixed fee for the entire loan. However, under certain circumstances it is convenient to select mixed or variable rates.

Mixed rate: It is convenient to select a mixed rate for the mortgage loan when:

  • You are willing to assume a variable rate over the fixed rate period.
  • You plan to renegotiate the mortgage loan after the end of the fixed rate period.
  • You are stabilizing your personal finances, and betting that they will improve your income to face a variable rate.

Variable rate: It is convenient to select variable rate when:

  • You have the economic capacity to face interest variations annually.
  • When a period of economic stability is predicted in the country.
  • You can ensure that your economic condition will be maintained and even improved.


Being clear about the difference between mixed and variable mortgage rates can help you make the decision on which interest rate to choose to pay off your credit. If you consider that your economic situation can improve over time it will be convenient to choose a variable rate, since you can face the changes when the rates rise but you will also enjoy the benefit of having a reduced rate when they fall. And if you plan to renegotiate the mortgage loan in the future, a mixed rate may be convenient since it allows you to have stability for a while and then enter a variable rate stage.

Loose Credit Early – Costs, Tips and Information /loose-credit-early-costs-tips-and-information/ /loose-credit-early-costs-tips-and-information/#respond Fri, 12 Apr 2019 08:48:32 +0000

Christmas bonus, an unexpected inheritance, or a salary increase. All this, and more, can help a borrower prematurely repay a loan, or at least partially. The bank escapes by the early repayment of the loan, of course, an already calculated profit. These profits, which have been lost through special repayment, can be reduced by the banks with a penalty, the so-called prepayment penalty. What you should consider if you want to repay your loan early and how you can do it explains this guide to early loan repayment. See

A good installment loan makes a special repayment possible at least once a year, without incurring costs for the borrower. In the early redemption of a loan must be distinguished between a conventional installment loan, and a mortgage loan. For both, different requirements apply from the legislator, and there are differences in the early repayment penalty. For borrowers, the calculation of prepayment penalty is often incomprehensible. According to consumer advocates, there should be a rate of over 90 percent in the recalculation in favor of the borrower.

Replacing credit early – there are two options

Replacing credit early - there are two options

There are two different ways to replace a loan early. One is the fact that somewhere enough money has come to replace the loan. This can be, for example, an inheritance sufficient to replace the loan prematurely. It is best to call the bank that gave you the loan and ask what the exact schedule for early redemption is and what the potential prepayment penalty will be. You can then transfer the current transfer fee to the account that the responsible employee of the bank names you, and the credit is deducted.

Option two is a premature redemption through a new loan. This can be financially rewarding if you pay significantly higher interest on your old loan than is now common practice. This is happily done when a low interest rate phase is reached and a legacy loan is still closed in a high yielding phase. The first step to a cheaper loan is an online loan comparison. If you have found a new loan with low interest rates over it, with which you can replace your previous loan financially rewarding, the next step may follow. In addition you give the new offerer a written power of attorney, that it can carry out the premature repayment of the credit for you. The power of attorney is usually included directly in the credit agreement, and does not have to be formulated by you. The new loan provider then takes all the important steps, carries out the necessary formalities, and replaces your previous loan for you. Important: the new provider requires the important data of the old loan, such as credit provider, contract number and the original loan amount.

If you want to replace a car loan, in which the vehicle registration was deposited as collateral for the loan, this will be sent to you after the loan has been paid by post. If the car loan is replaced by a new loan, the new loan provider receives the car letter from the previous lending bank.

1. Redeem the loan early – what you need to know

1. Redeem the loan early - what you need to know

Depending on the type of loan, the calculation of the prepayment penalty can be very different. If the loan is repaid prematurely during mortgage lending, the prepayment penalty is calculated using a complex calculation. The basis of this calculation are different approaches. The aim of the lending bank is to minimize the financial loss that you incur as a result of the premature repayment of the financing. A personal consultation is often the best way to work with the bank employee to find out which is the best way for you as a borrower. Another possibility: a telephone consultation with a potential new provider, through the financing of the previous loan is replaced. Incidentally, the briefing and the written proof of the amount of the prepayment penalty are free of charge.

Since the calculation of costs in the prepayment penalty for mortgage lending for laymen is not comprehensible, if possible, a consumer advice should be included in the event of premature repayment of a mortgage loan. This allows countersignance compensation to be offset by their experts, often followed by a correction by the lending banks.

Exempted are property loans with a term of more than ten years. At the end of the tenth year of the financing, borrowers have an extraordinary right of termination, without the bank being able to claim a prepayment penalty. This means that you can replace mortgage lending at any time with a new loan, without incurring any costs for you.

For installment loans, on the other hand, the calculation of prepayment penalties is also comprehensible for laymen. If the loan has a remaining term of less than one year, 0.5 percent of the remaining debt may be required as prepayment penalty. With a residual term of more than one year, a maximum of 1.0 percent of the loan debt may be calculated as prepayment penalty. This is important for an installment loan for free use, but also for a car loan. But one thing is also important: not everyone who wants to replace a loan early, must also pay this fine. This depends on what has been agreed in the loan agreement. Several banks are foregoing a prepayment penalty and are making special repayments and early repayments of non-penalty credits possible.

For borrowers, it is therefore important to calculate in advance whether it is worth the early repayment of the loan, or whether the costs are higher than the interest that could be saved. It is advisable to compare the interest rate advantage with the prepayment penalty and to see whether the advantage still prevails even after deduction of the penalty interest. Only if the interest advantage outweighs the penalty, it is worth the bottom line, an existing loan prematurely replaced by a new loan.

Almost all credit providers of installment loans now offer their customers the option to reduce the loan by a certain amount once or several times a year. These special repayments are then free, and worthwhile, for example, if the Christmas bonus is invested in a reduction of the remaining debt. Through our credit test, you can see directly what the underlying conditions are with the respective credit providers so that you can repay the loan early. This also applies if you want to arrange a premature replacement of your car loan.

Of course, the best installment loan is also the one that stands out in the early replacement. The winner in 2016, Norisbank, offers its borrowers the opportunity to redeem 50 percent of the previous year’s residual debt prematurely each year without having to pay a prepayment penalty.

Many banks now offer at least one, some even several free special repayments annually. However, a complete loan repayment usually costs fees in the form of the prepayment penalty. With the current credit test winner, you can pay off up to 50 percent of the current remaining debt every year, without having to pay a penalty. This gives borrowers the opportunity to repay their loan gradually. A bank even waives a prepayment penalty, if a loan is completely replaced before the end of the term. This also often depends on the responsible case officer, and his discretionary decision in matters of credit.

2. When does it make sense to replace a loan early?

2. When does it make sense to replace a loan early?

For borrowers, there can be various reasons that make it worthwhile to prematurely replace an existing loan. A common reason is the achievement of a low-interest phase, and an existing loan with far higher interest rates. In this case, it can be financially beneficial to repatriate the old loan with a new, cheaper one. It is important to have the right time so that the greatest possible savings can be achieved. Periodically compare the offers in our Loans Test to see when the financially appropriate time for loan remittance is. By prematurely replacing an expensive loan with a new, cheaper loan, you can even save several hundred euros on the bottom line.

It may also make sense to combine several smaller loans into one big loan, thus rescheduling it. Check your existing loan agreements and calculate the interest you currently have to pay for your loans. Compare these interest rates with the lending rates of other providers, this is possible with an online loan comparison. If you have found a loan with more favorable conditions than before, you can tackle the debt restructuring. Especially for loans with high interest rates, such as the credit line, it may be advisable to obtain a different loan offer. For overdrafts, far higher interest rates are usually charged than is the case with normal installment loans. Decisive for you should be whether you drive through the replacement of the available credit financially better than continue to pay the interest on the loan.

Redeem Credit – The credit line

For financial reasons, it can be very useful to replace his credit line. This also applies and above all, if several current accounts are led with several credit facilities. Most banks charge very high interest rates for this type of loan. The reason: the credit line is a short-term loan that should only be used to temporarily bridge financial bottlenecks. Account holders who permanently use the dispensing system should definitely consider rescheduling. In the event of a transfer of an out-of-pocket loan, the borrower has nothing further to consider. A prepayment penalty is not due here because such loans have no specified term. All that is required is to have the open amount directed to your own checking account so that the posting control system is replaced. For the new loan provider can transfer the money directly to the current account, and the account is back to zero, or depending on the loan amount even in plus. You can then cancel your credit line, so that you do not use it again after that, and again high interest due.

Redeem Credit – Expensive Credit Card Debts

In Germany, more and more consumers are using credit cards where there is a flexible partial payment. While this is a practical matter, credit card transactions can be made without them becoming due in full by the next 1 at the latest. The disadvantage, however, is the very high interest rates that apply to credit cards with flexible repayment. This makes it possible to quickly fall into a debt trap, especially if the overview of the transactions carried out is lost. Interest rates of 15.00 percent pa and more are not uncommon in such credit cards with partial payment, but rather common. With a total of 5,000 euros of debt on such a credit card you have to pay about 750 euros in interest annually. This is even more expensive than the already expensive MRP interest.

If the open amount can not be repaid in the near future, rescheduling should be considered by means of an installment loan without earmarking. As a result, the expensive credit card debt can be replaced with a much cheaper credit. Our test winner, the norisbank, offers loans from 2.90 percent pa onwards. The debt repayment of credit card debts makes a lot of money financially. It is important not to reuse the then released credit line on your credit card again. Either cancel your credit card afterwards, or choose the full collection of weekly or monthly billing. Of course, you can choose a prepaid credit card that can only be used on a credit card basis. As a result, you always have your expenses in full view with the credit card!

3. When a premature redemption can be beneficial

2. When does it make sense to replace a loan early?

If a period of low interest rates is around the corner, and you have real estate financing with a fixed interest rate, you may be eligible for premature loan repayment. A rescheduling can be useful even if you have a mortgage with a variable interest rate, and a high-yielding phase is reached. A premature repayment of the loan by rescheduling a new real estate loan can help save money. It makes sense to discuss the early repayment penalty even if you have the opportunity to repay your loan early due to an inheritance or increased income. Before you cancel your loan, be sure to seek advice so that you do not fall into a cost trap. Consumer centers are happy to help here, other credit providers also advise in this case.

To replace an installment loan prematurely is useful if the interest on the new loan is at least 1.00 percent pa cheaper than is the case with the previous loan provider. The higher the difference in interest rates between the previous loan and the new loan, the higher the savings that premature redemption entails.

4. When the prepayment penalty does not have to be paid

4. When the prepayment penalty does not have to be paid

If you have a loan agreement that has been agreed with variable interest, you have the right to terminate the contract by law with three months’ notice. However, in practice this is not often the case that borrowers have a loan with a variable interest rate. This is more common in Britain and other Anglo-Saxon countries. If you have a loan with fixed interest, this rule does not apply. For contracts in which a fixed interest period of more than ten years has been agreed, you have the right of extraordinary termination in the tenth year. In this case, no prepayment penalty must be paid. If you want to redeem your car loan ahead of time, you should carry out a review of the interest rate commitment. However, financing for ten years is unlikely when buying a car.

In the past, many banks were subject to a major error in the cancellation policy in the loan agreements. In the loan agreement, the borrowers must be informed about their right of withdrawal. Within 14 days, you can revoke a concluded credit agreement. This is intended to help protect a borrower from hasty decisions. Check your previous credit agreements to see if the cancellation policy has been correctly completed. Otherwise, under certain circumstances, you may receive back your already paid prepayment penalty, or you may not be required to pay the Bank a penalty on termination of the loan agreement.

5. Conclusion: replace one loan early

The premature repayment of a loan can cause high costs. In conventional installment loans, even laymen can understand the costs incurred in the form of prepayment penalty, and even calculate. However, if you are rescheduling, and may even want to redeem multiple loans ahead of time, you may be able to save a lot of money by moving to the right provider. With our current credit test winner, the norisbank, you get loans from an effective annual interest rate of only 2.90 percent.

Anyone who wants to repay the loan premature on a real estate loan must expect a prepayment penalty, which has to be paid to the bank. This can be very expensive for the borrower. However, mortgage lending with a variable interest rate may be terminated at any time with a notice period of three months. For real estate financing with a term of more than ten years, these can usually be terminated at the end of the 10th year, without having to pay for early redemption of the financing of a prepayment penalty.

Even if a prepayment penalty has to be paid, the loan repayment can still be worthwhile. This is the case when mortgage lending has been completed during a high yielding period, but the current low yielding phase makes far lower interest rates possible. In any case, the cost and the potential savings should be checked before the loan is terminated!

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Payday Loans Without Credit Check /payday-loans-without-credit-check/ /payday-loans-without-credit-check/#respond Sat, 16 Mar 2019 14:52:07 +0000 If the creditworthiness of negative entries in the Private credit is not good, more and more consumers are trying to take out small credits without a credit check. But the past shows that banks and savings banks do not grant such a loan. They work with quite firm procurement schemes, which can not be softened even in exceptional cases. And this includes the query of creditworthiness. So what if money is needed under such circumstances?

Payday loans without credit check from the Internet

Small loans without credit check from the Internet

Meanwhile, there are more and more providers on the Internet, promising Payday loans without credit check. According to offer, these are loans of a few thousand euros. They can be applied for as instant loans and should be available accordingly quickly. Often, Payday loans without credit checks are offered by Swiss banks. But even a few German banks are focusing on this clientele and designing suitable loans.

For these reasons, you should check very carefully with which loan partner you are dealing before concluding such a loan. Thanks to the Internet, this has become very easy and with just a few clicks you have an accurate picture of the provider. Important in this context are the ratings and experiences of other borrowers.

And even if there are Payday loans without credit checks, the forgiving institutions never waive collateral. A corresponding creditworthiness must be given despite all this. If you have no work and can not record a correspondingly high income, you will not get any credit. No matter how small the loan amount may be. The work has to come from a permanent position. Self-employment or temporary employment is not sufficient. At best, one is employed in the public service. That brings more positive credit ratings.

Hedging do the lending banks by a seizure clause. Should a default occur, the institution will collect the attachable part of the salary received. And usually without long announcements, because you have agreed in advance of this clause.

In addition, the interest rates are adjusted accordingly. They are significantly higher than credits and promise good income for the lenders. And even the intermediaries, who often have to be contacted for such a loan, are earning money from the credit-unsecured business. You receive high processing costs, which must be paid in advance and become due even if there is no credit agreement.

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Online Cash Loans Online Counseling /online-cash-loans-online-counseling/ /online-cash-loans-online-counseling/#respond Tue, 19 Feb 2019 09:41:04 +0000 Do not use the offers of “parabanks” and payday loans! Choosing a cash loan you do not overpay and you will get the money as quickly! Contact us – we will help you choose an offer that will meet your expectations!

What will you gain?

What will you gain?

  • Low interest – by choosing a banking product you can be sure that you use the cheapest forms of financing.
  • High loan amount – we will get up to PLN 500,000 for you.
  • Long repayment period – the available loan period is up to 144 months thanks to which you will reduce the budget burden.
  • No expensive insurance – we choose an offer without insurance, minimizing the cost of the loan.
  • You will sign a loan agreement in a convenient place for you

A cash loan

A cash loan

  • cash on your account even on the same day
  • APRC from 6.18%
  • high loan amount – up to 500 thousand zł
  • long repayment period – up to 144 months
  • no verification of the funds spent
  • without a guarantor
  • an individual approach to your situation

The actual annual interest rate (APRC) is 7.33%, the total loan amount (without crediting costs) 40,000 PLN, the total amount to pay 55 977,60 PLN, variable interest rate 4.99% per annum, total loan cost 15 977 PLN 60 (including a commission of 10% – PLN 4,000, interest 11,797.60 PLN), 120 installments of monthly installments equal to PLN 466.48. The calculation was made on 11/05/2018. on a representative example.

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Small Loans from Private /small-loans-from-private/ /small-loans-from-private/#respond Sun, 10 Feb 2019 15:39:50 +0000

Today, it has happened to almost everyone that you have to make a much-needed investment or pay for a slightly more expensive repair without having the much-needed capital to do so. As a rule, this does not pose too much of a problem either. You can simply go to a bank and simply apply for the necessary funds in the context of a loan. An assessment at

But what if this option is no longer available for a variety of reasons? Then often only two options remain open. Either one speaks with its creditors to find a solution, or one tries to get small loans from private.

Situation Germany compared to other states

Situation Germany compared to other states

Compared to Germany, where this variant of capital finding is gaining momentum and establishing itself on the market, it has been used in many other European countries for a long time. And with a small loan from private it is quite common that both parties do not even know each other. The contract or the complete transaction is carried out completely anonymously.

Private loans – a useful addition to conventional loans

Private loans - a useful addition to conventional loans

As an example we take the repair of the car. For this, about 2,000 EUR are needed. The bank rejects the loan application for some reason or the interest to be paid is simply too high. Then the question is where the money comes from. In addition to the banks, there are investors who imagine a certain return on their money or capital, but this can not be done by the banks, and who do not want to speculate on the stock market. However, the yield expectations of these residents are well below the interest rates of a bank. For this group of people offers the opportunity to offer on the Internet completely anonymous micro-loans from private.

Approach to the loan application

Approach to the loan application

In order to enjoy such a loan, you have to register on the internet at a portal that arranges such loans. Here you just have to explain your own situation and the purpose of the loan. So for our example the repair of the car. However, this should be done as accurately as possible, ie with the presentation of the measures to be carried out. Furthermore, the desired sum, the own idea of ​​term and interest may not be missing.

The provider of such a loan can then also view this application via this portal. If your own ideas coincide with those of the lender, then this can then finance the loan. Settlement is anonymous via third parties.

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The New Personal Loans of Nanocredit /the-new-personal-loans-of-nanocredit/ /the-new-personal-loans-of-nanocredit/#respond Thu, 24 Jan 2019 09:40:56 +0000


As much as you try to have an excellent planning in the financial field, there are always problems in life that prevent us, especially those unforeseen situations in which you need help immediately, that is why Nanocredit has a new line of mini-loans and quick mini-loans that offer the solution to all problems.

It is one of the best options in personal online loans that can get us out of trouble at any time, since it is one of the best short-term solutions, when people require liquidity urgently, since the application form is very simple to carry out.

Main characteristics of the loans of Nanocredit

Main characteristics of the loans of Nanocredit

Among the main characteristics that can be mentioned about the loans of Nanocredit are some like the flexibility that is had when selecting the value of the loan, and also of the time that you are going to need it, to amortize it in a better way.

As if that were not enough you will have the possibility of saving time, since the process is totally online, therefore you will not have to be making annoying queues, as well as saving all the paperwork process that is required in the online loans of other entities..

Another of the details that are part of the products of Nanocredit is that everything is carried out with absolute speed, security and discretion, there is no type of hidden or additional expenses that are not known. The response to customers is offered within 15 minutes.

Loan conditions

Loan conditions

Surely you are wondering what are the conditions that the Nanocredit Loan should have, the first is that you can choose an amount of up to 1000 euros as the maximum amount, while the minimum is 100 euros. With regard to the part of the loan repayment time, it is from 5 to 30 days, but there are also options in which the period of time that can be had can reach up to 90 days.

The APR that you have for this type of loan is one of the best in the market, since it is 0%, this only for the first of the credits that you have with this institution, therefore the guarantee that you have is that One of the most affordable in the market today is undoubtedly the best.

After having completed a personal loan from Nanocredit in a correct manner, users will have the ability to request an amount that goes up to 300 euros, with the ability to pay in a period of 90 days, ie 3 months. The best thing of all is that the authorization of the same could be even up to 15 minutes if everything is in order, since in emergencies this kind of credits is very useful.

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