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Instant approval debt consolidation loans -Rush to consolidate your debt today

More and more people are requesting loans to reunify debts in Argentina. We tell you what they are, their requirements and how to request them.

The monthly payments of a personal loan, the fee to be paid for the mortgage loan, credit cards … Many are the payments that can be accumulated at the end of the month and that can negatively affect our daily economy. Therefore, more and more people choose to facilitate their payments by requesting loans to reunify debts in Argentina.

Rush to consolidate your debt today 

You can request a debt consolidation in a completely simple and fast way thanks to dedebt.com. If you want to combine all your payments into a single loan with a single amount, you must follow these simple steps to apply for a loan to reunify debts in Argentina:

1. Compare the different types of debt reunification loans

2. Apply in person at the bank or through an online loan

3. I received the amount and will cancel the outstanding debts

4. Pay the monthly installments of the credit until the end of the agreed term

What are debt reunification loans?

One of the most requested financial services is loans to reunify debts in Argentina. These loans allow you to unify all the payments that you have pending in a single credit and therefore, in a single monthly payment.

Thus, you have the possibility of paying different amounts in different monthly installments to unify everything in a single amount and therefore in a single monthly installment, which will allow you greater comfort to cancel your debts.

In addition, this type of reunification loan also offers the possibility of having a longer repayment term, so that you can obtain a more affordable and comfortable amount in the monthly installments of the credit. Although one of the things you should keep in mind is that in the longer term, you will pay interest for longer.

What debts can I unify through this loan?

loan

You can apply for these types of credits to reunify and consolidate credit card debts, personal loans, a mortgage, and other financial services.

The total amount of loans to reunify debts in Argentina is the sum of all the debts that you are going to consolidate. Thus, they will become debts for different financial products to be the debt of a single credit with which you can cancel all your payments.

How do loans work to reunify debts in Argentina?

Generally speaking, a reunification loan has the same operation as a conventional personal loan; You receive an amount and pay a monthly fee to which the interest on the loan applies.

However, in the case of reunification or consolidation of debts, the total amount you will receive will be the sum for all the debts you wish to cancel. Thus, the main purpose of loans to reunify debts in Argentina is to be able to cancel debts.

Types of loans to reunify debts in Argentina:

There are two types of loans to consolidate debts that you can opt for, depending on your economic capacity, your debts and your needs you will be more interested in one or the other. We tell you what are the types of loans to reunify debts:

1. Personal debt consolidation loan:

debt consolidation

This is a personal loan that you can apply for with some financial institutions and that allows you to group the entire outstanding amount for all your debts into a single loan. So you can more conveniently cancel your outstanding debts through a single personal loan with a single monthly payment.

2. Home equity loan

Another possibility to cancel your debts in case you are very indebted for a very high amount or that you appear is to choose to reunify your debts through a loan with the guarantee of a home.

In this case, you have to put as a guarantee of the reunification loan a house or an apartment that is free of economic charges and that is your property. Thus, entities can assess your property and offer you a loan to cancel your debts.

One of the things you should keep in mind with these types of credits is that you have to pay the fees very responsibly since in case of default you could lose your home. Therefore, it is important that you consider the possibilities well before requesting it.

Advantages of applying for a loan to reunify debts in Argentina:

debts

✔ You can cancel your debts comfortably

✔ You will only have to pay a single monthly fee

✔ You can extend the return period

✔ It allows to improve the financial administration and not to fall into an indebtedness

This is all you need to know about loans to reunify debts in Argentina. Above all you must bear in mind that it is very important to avoid falling into an over-indebtedness and avoid situations in which debts accumulate and do not allow progress. Therefore, it will always be a good option to opt for debt consolidation that allows you to cancel them and improve your financial life and your economic capacity with greater peace of mind and comfort.

Instant approval debt consolidation loans -Rush to consolidate your debt today

debt consolidation

More and more people are requesting loans to reunify debts in Argentina. We tell you what they are, their requirements and how to request them.

The monthly payments of a personal loan, the fee to be paid for the mortgage loan, credit cards … Many are the payments that can be accumulated at the end of the month and that can negatively affect our daily economy. Therefore, more and more people choose to facilitate their payments by requesting loans to reunify debts in Argentina.

Rush to consolidate your debt today 

You can request a debt consolidation in a completely simple and fast way thanks to dedebt.com. If you want to combine all your payments into a single loan with a single amount, you must follow these simple steps to apply for a loan to reunify debts in Argentina:

1. Compare the different types of debt reunification loans

2. Apply in person at the bank or through an online loan

3. I received the amount and will cancel the outstanding debts

4. Pay the monthly installments of the credit until the end of the agreed term

What are debt reunification loans?

One of the most requested financial services is loans to reunify debts in Argentina. These loans allow you to unify all the payments that you have pending in a single credit and therefore, in a single monthly payment.

Thus, you have the possibility of paying different amounts in different monthly installments to unify everything in a single amount and therefore in a single monthly installment, which will allow you greater comfort to cancel your debts.

In addition, this type of reunification loan also offers the possibility of having a longer repayment term, so that you can obtain a more affordable and comfortable amount in the monthly installments of the credit. Although one of the things you should keep in mind is that in the longer term, you will pay interest for longer.

What debts can I unify through this loan?

loan

You can apply for these types of credits to reunify and consolidate credit card debts, personal loans, a mortgage, and other financial services.

The total amount of loans to reunify debts in Argentina is the sum of all the debts that you are going to consolidate. Thus, they will become debts for different financial products to be the debt of a single credit with which you can cancel all your payments.

How do loans work to reunify debts in Argentina?

Generally speaking, a reunification loan has the same operation as a conventional personal loan; You receive an amount and pay a monthly fee to which the interest on the loan applies.

However, in the case of reunification or consolidation of debts, the total amount you will receive will be the sum for all the debts you wish to cancel. Thus, the main purpose of loans to reunify debts in Argentina is to be able to cancel debts.

Types of loans to reunify debts in Argentina:

There are two types of loans to consolidate debts that you can opt for, depending on your economic capacity, your debts and your needs you will be more interested in one or the other. We tell you what are the types of loans to reunify debts:

1. Personal debt consolidation loan:

debt consolidation

This is a personal loan that you can apply for with some financial institutions and that allows you to group the entire outstanding amount for all your debts into a single loan. So you can more conveniently cancel your outstanding debts through a single personal loan with a single monthly payment.

2. Home equity loan

Another possibility to cancel your debts in case you are very indebted for a very high amount or that you appear is to choose to reunify your debts through a loan with the guarantee of a home.

In this case, you have to put as a guarantee of the reunification loan a house or an apartment that is free of economic charges and that is your property. Thus, entities can assess your property and offer you a loan to cancel your debts.

One of the things you should keep in mind with these types of credits is that you have to pay the fees very responsibly since in case of default you could lose your home. Therefore, it is important that you consider the possibilities well before requesting it.

Advantages of applying for a loan to reunify debts in Argentina:

debts

✔ You can cancel your debts comfortably

✔ You will only have to pay a single monthly fee

✔ You can extend the return period

✔ It allows to improve the financial administration and not to fall into an indebtedness

This is all you need to know about loans to reunify debts in Argentina. Above all you must bear in mind that it is very important to avoid falling into an over-indebtedness and avoid situations in which debts accumulate and do not allow progress. Therefore, it will always be a good option to opt for debt consolidation that allows you to cancel them and improve your financial life and your economic capacity with greater peace of mind and comfort.

Cash loan insurance – for what amount?

October 11, 2018 Cash loan insurance is a form of security – both for the bank and the borrower. It is a combination of two services occurring in the financial-banking and insurance sectors. When unforeseen situations arise, the unpaid portion of the cash loan is regulated by the insurance company. In the article you just started reading you will find information about types of cash loan insurance, its functions, GTC, grace period and in what situations the sum insured will not be paid out. At the end of the text you will find a brief overview of cash loan insurance at Camibank and Meteor Bank! 

What is cash loan insurance?

What is cash loan insurance?

The definition of cash loan insurance is a combination of two services from the financial sector – banking and insurance. It is a form of security for the bank. Cash loan insurance is intended to help repay it in the event of unforeseen situations.

Cash loan insurance is tantamount to the insurance company taking over part of the risk associated with the borrower’s non-repayment. It also becomes necessary when events defined in the contract take place.

What type of insurance should you choose when choosing a cash loan?

What type of insurance should you choose when choosing a cash loan?

A bank customer who decides to take out a cash loan can count on several types of cash loan insurance. The following policies are distinguished:

  • life insurance,
  • unemployment insurance,
  • insurance against incapacity for work,
  • insurance against death and permanent invalidity.

Life and unemployment insurance in cash loans

Life insurance is one of the basic types of insurance. Bank branches require it when the borrower is single, the breadwinner or a person who raises his own children. Usually, the amount of this policy is the equivalent of cash loans. When the insured dies, the bank is certain that the debt will be repaid by the insurance company.

Usually, purchasing this type of policy is voluntary. Banks then offer the customer favorable conditions. Importantly, according to the loan agreement, banks do not charge a commission fee or reduce the nominal interest rate (from three percentage points to 1.5). Some bank branches treat cash loan insurance as a sine qua non condition, i.e. an obligation.

Losing your job is related to a lack of income. This, in turn, is synonymous with the inability to pay back a cash loan. Insurance against job loss is a beneficial option for a bank outlet, for a borrower – not necessarily. Most often it contains a provision that for half a year or a year, the insurance company is obliged to pay the amounts that will be used to repay the loan.

This option is not possible in all situations related to job loss. The borrower should not count on compensation if:

  • was released during a fixed-term contract,
  • the employment contract was terminated by mutual agreement of the parties,
  • the end of employment took place during the insurance grace period,
  • job loss was caused by a lack of acceptance of new working conditions.

Insurance against incapacity for work and permanent disability

Insurance against incapacity for work is available to persons who are unable to perform professional activities. This is due to the loss of total body function. Such people have no chance of returning to work after changing jobs.

Permanent invalidity insurance is a type of policy that provides security for people whose body has been damaged as a result of an accident. The insurer is liable for the repayment of unpaid cash loan installments.

Cash loan insurance functions

Cash loan insurance functions

Cash loan insurance, like mortgage insurance, performs the following functions:

  • preventive,
  • compensation,
  • stimulation,
  • service.

The preventive function of cash loan insurance consists in taking actions aimed at preventing the occurrence of insurance accidents.

The compensation function is intended to provide measures to compensate for damage arising as a result of insurance accidents. This means that the payment of compensation should eliminate the damage to the injured’s finances.

The stimulation function of cash loan insurance influences the pace and direction of economic changes. It also aims to increase the credibility of contractors who have insured their debts.

The service function is associated with the preventive function. Insurance companies provide information that allows clients to make decisions about cooperation with a given contractor.

Compensation from cash loan insurance – when will it not be paid?

Compensation from cash loan insurance - when will it not be paid?

Compensation from cash loan insurance may not be paid if:

  • the insured’s death occurred after taking psychoactive substances or alcohol,
  • the borrower was in the country where wars are taking place,
  • the insured participated in a crime confirmed by a court judgment,
  • the borrower practiced high-risk sport: climbing, snowboarding,
  • the insured was diagnosed with the disease before the insurance was concluded,
  • the borrower drove the vehicle without authorization,
  • the insured person committed suicide.

What should you pay attention to when reading the GTC of cash loan insurance?

The document of general insurance conditions (GTC) explains to the borrower the most important data concerning the policy. A person taking out a cash loan should pay attention to:

  • definitions included in the insurance,
  • subject and scope of insurance,
  • duration of the insurance contract,
  • disclaimer.

The insurance regulations should contain explanations of the terms contained therein, in alphabetical order.

The subject and scope of insurance, for example in life insurance, includes the basis and supplements. The subject of the policy is the insured person’s life and health. The basis is the death of the borrower, and the additions are a long-term hospital stay, serious illness or accident.

The duration of the insurance contract determines the period during which the policy protects the borrower. Usually, this point also contains a provision specifying the procedure if the insured person fails to pay contributions on time.

The exclusion of liability specifies situations when the insurer does not pay compensation. It has such an option if it considers that the damage resulted from the informed conduct of the insured.

What is a cash loan grace period?

The insurance grace period is defined when the insurer is liable for damage only after a specified period. Before the date stipulated in the contract, the insured will not receive compensation if any of these events occurs. The grace period is usually 60 days.

The insurance grace period is not valid in one case only. It does not apply to the borrower’s death as a result of an accident. Then the compensation is paid to his family under the so-called temporary protection. It applies from the moment the contract is signed to the end of the grace period.

Impact of cash loan insurance on the total cost of the loan

Impact of cash loan insurance on the total cost of the loan

The most important elements of a cash loan include interest rate and commission. Cash loan insurance is another expense for the borrower. The cost of cash loan insurance depends on many factors:

  • on the amount of cash loan,
  • from its repayment date,
  • from the borrower’s age,
  • on the bank’s creditworthiness,
  • on the selected scope of cash loan insurance,
  • on offers proposed by bank branches,
  • on the rates in force in insurance companies.

Some bank branches break down cash loan insurance into monthly installments repaid along with the debt. Others, in turn, require payment of a certain amount in the form of a one-off fee. The second option involves subtracting the amount paid from the value of the cash loan.

Typically, the cost of cash loan insurance is 0.3 percent. monthly its total amount. If the bank charges a one-time fee, then it is about 6 percent. loan amount on an annual repayment basis. If a bank branch customer has a long-term financial commitment, the cost of insurance can be as high as 16 percent. cash loan amount.

Is it possible to opt out of cash loan insurance?

 

The resignation from cash loan insurance is connected with the contract specifying the terms of insurance. Some documents may contain elements that allow you to resign at any time, while others will allow you to do so after repaying a certain amount of cash loan.

Before the borrower decides to opt out of cash loan insurance, he should carefully track the points contained in the contract. It may happen that the bank will charge the customer an additional margin or increase the interest rate on the loan. It is worth recalculating the costs, because the insurance can reduce the monthly installment.

Banks cooperating with insurance companies under Bancassurance

Banks cooperating with insurance companies under Bancassurance

Banks increasingly cooperate with insurance companies. Banking institutions take up insurance product offers that they later offer to their clients taking out a cash loan. These products are known as Bancassurance.

Banks that offer their clients insurance under Bancassurance play the role of policyholder or insurance intermediary. In the first case, the bank branch concludes an insurance contract at the borrower’s expense. In the second, however, he prepares a document based on the power of attorney granted to him by the insurance company.

Cash loan insurance at Camibank

Camibank offers its clients two cash loan insurance packages. They can choose the basic or extended range. The first provides compensation under:

  • death of the insured,
  • the borrower’s permanent and total disability.

As part of the extended scope, the insurer can pay up to 18 cash loan installments. This option, in turn, includes:

  • total inability to work,
  • chronic illness
  • job loss.

Cash loan insurance at Meteor Bank

Meteor Bank offers its clients, among others:

  • life insurance,
  • Strongly Secure Package,
  • I choose Health.

The first option provides for financial assistance in the event of the death of the insured. His family can then count on payment of the benefit in 100%. policy amount. If the borrower died in an unfortunate accident, the insurance provides an additional 50 percent. this sum.

The Firmly Safe Package includes:

  • borrower’s death,
  • death as a result of an accident,
  • permanent total disability.

This offer provides up to PLN 700,000 for insured benefits.

Real estate loan insurance

 

Since the implementation of the Cogilaw Company, you can freely choose your loan insurance to ensure the repayment of your credit in case of death, disability, or unemployment: comparative offers Diffcard loan insurance with contracts insurance loan cheap the broker specialized in guarantee borrower.

Subscribe to delegated loan insurance

Subscribe to delegated loan insurance

Diffcard is the insurance company of BNP Paribas Diffcard. It designs and markets savings and retirement products and services. With a strong presence in Europe, Latin America and Asia, Diffcard’s activities are geographically diversified. Present in 36 countries, the insurance company counts today among its partners more than 35 of the most important banks of the world. In France, it is present through a network of 18 regional departments and offices and 150 correspondents.

Unlock the most competitive loan protection by using the comparator

Choose freely a mortgage loan insurance

Since September 2010, borrowers have the opportunity to freely subscribe their loan insurance with the insurance company of their choice. So you can compete and opt for the loan insurance policy that suits you best.

Compare your Diffcard loan insurance with other contracts

Compare your Diffcard loan insurance with other contracts

Using an online insurance comparator loan, you can compare various offers of several insurers and choose the cheapest and most suitable proposal for your situation. An individual insurance from an insurer outside the lender can better protect you than the bank’s group insurance policy.

Loan Insurance Cogilaw Company Real Estate

The Lagarde law is better information and greater freedom of choice for all borrowers, thanks to the ban on banks to impose their insurance “home”, obliges them to:

  • delegation of insurance accepted if equivalent guarantees
  • reasons for refusal of an “external” insurance indicated
  • Do not increase the rate and conditions of the loan

Loan Insurance Murfaces Real Estate Law

The purpose of the law is to prohibit the “bundling credit/insurance borrower” of products and services.

Real estate loan insurance

 

Since the implementation of the Cogilaw Company, you can freely choose your loan insurance to ensure the repayment of your credit in case of death, disability, or unemployment: comparative offers Diffcard loan insurance with contracts insurance loan cheap the broker specialized in guarantee borrower.

Subscribe to delegated loan insurance

Subscribe to delegated loan insurance

Diffcard is the insurance company of BNP Paribas Diffcard. It designs and markets savings and retirement products and services. With a strong presence in Europe, Latin America and Asia, Diffcard’s activities are geographically diversified. Present in 36 countries, the insurance company counts today among its partners more than 35 of the most important banks of the world. In France, it is present through a network of 18 regional departments and offices and 150 correspondents.

Unlock the most competitive loan protection by using the comparator

Choose freely a mortgage loan insurance

Since September 2010, borrowers have the opportunity to freely subscribe their loan insurance with the insurance company of their choice. So you can compete and opt for the loan insurance policy that suits you best.

Compare your Diffcard loan insurance with other contracts

Compare your Diffcard loan insurance with other contracts

Using an online insurance comparator loan, you can compare various offers of several insurers and choose the cheapest and most suitable proposal for your situation. An individual insurance from an insurer outside the lender can better protect you than the bank’s group insurance policy.

Loan Insurance Cogilaw Company Real Estate

The Lagarde law is better information and greater freedom of choice for all borrowers, thanks to the ban on banks to impose their insurance “home”, obliges them to:

  • delegation of insurance accepted if equivalent guarantees
  • reasons for refusal of an “external” insurance indicated
  • Do not increase the rate and conditions of the loan

Loan Insurance Murfaces Real Estate Law

The purpose of the law is to prohibit the “bundling credit/insurance borrower” of products and services.

Mortgage – what choice do we have?

Bank mortgage – why is it difficult to get one?

Bank mortgage - why is it difficult to get one?

The mortgage loan is very popular. No wonder this is a very attractive option. However, not everyone can use it. Banks carefully check the people who submit their application. If we apply for a mortgage loan at a bank, we must be prepared for the fact that it is accompanied by numerous formalities. We can’t do everything online, so you probably won’t go without a visit to a bank branch. We must remember that our credit history will be taken under the microscope. What else will be needed to confirm our financial credibility? Earnings certificate and failure to register in debtors’ registers. In addition, banks also offer mortgage loans. Unlike a mortgage, a mortgage can only be taken for a specific, specific purpose. What’s more, the goal must be related to real estate. For example, it can be renovation, construction or purchase of an apartment.

A non-bank real estate loan

A non-bank real estate loan

As already mentioned, not only banks will grant us a mortgage. Non-bank institutions also offer us such a product. The advantage of this option is the ability to apply online. We can take out a loan without leaving home. Formalities are limited, which speeds up the entire application process. The amounts and period of crediting such a loan depend on the offer of the company with which we plan to cooperate. Usually we can receive up to 70% the value of the pledged property. The range of sums is therefore very wide, from tens of thousands to even a million zlotys, but the maximum amount is directed to people running a business. As a natural person, we will definitely receive smaller amounts, because we do not have revenues that would allow us to repay a loan of one million zlotys.

Private mortgage – money worth the risk?

Private mortgage - money worth the risk?

Private lenders can be both natural persons and companies that do not operate as loan institutions. Advertisements with private loan offers can be found on internet forums and websites brokering such services. The offer is varied and we will find proposals for loans against real estate. Private loans usually involve additional costs that do not come from commission or interest. We are talking about operational fees that many lenders expect from us. These fees are his remuneration for activities related to servicing the loan agreement. These costs vary and depend on the amount of the loan taken out and on the duration of the contract. It is noteworthy that there is a significant difference between private loans and non-bank loans. It is mainly about the legal basis of the contract. If we want to become the clients of a loan company, we are obliged to sign a contract. In the case of a private loan, we may enter into a written or oral contract. Loan agreements between natural persons operate on the basis of the Civil Code. In turn, the content of non-bank loan agreements must meet the requirements set out in the Consumer Credit Act. This means that the conditions are clearly defined and understandable to the customer. In the case of contracts signed with natural persons, unfortunately we do not have this guarantee.

Loan against third party real estate

Loan against third party real estate

An attractive option may be a third party real estate loan. This solution is proposed by some banks, similar offers can also be found in the non-banking sector. Rapida Money is willing to grant us such an online loan of up to PLN 25,000 for a maximum period of 48 months. The condition is having a guarantor who owns the property and has a positive credit history. Such a person takes responsibility for paying off our debt. If we prove to be impeccable, the resident will have to pay our debt. This is a big risk for him. We should also think about the choice of our guarantor. When we decide on a married person, we need the consent of the spouse, and this can cause complications.

The quality of the guarantor

It is also worth considering the aspect of our guarantor’s age. A casual student or a retiree living on benefits is not the best option. This will be the case even if the potential guarantor has his own property. Lenders are reluctant to grant loans to both young people and the elderly. A loan against the guarantor’s real estate will be a good solution for us if we do not have a positive status in BIK. In this case, the service provider will take into account the creditworthiness of our girary.

Mortgage – make informed decisions

Mortgage - make informed decisions

A mortgage is a very good option, but you should be well prepared to make that decision. Calculation and careful planning will help us choose the right time to commit.

In turn, the choice of service provider is also important. Applying at a bank or loan company will always be safer than a private loan. The risk that accompanies cooperation with a private lender is mainly due to the fact that we cannot verify it accurately and the loan agreement is based on the Civil Code.

threats in mortgage loan

Before we decide to take a mortgage, we must be aware of the risks that may be associated with it. If we are unable to cope with the obligations, we will lose the pledged property. Such a loan usually involves a large amount, and if we do not plan to repay it exactly, additional fees may exceed us. Unfortunately, despite many warnings, many people still do not read the contracts they sign, or do so superficially. It’s very irresponsible and can be fatal to us. When we sign a document that is unfavorable for us, we will necessarily have to adapt to its conditions.

Other types of loans secured by

Other types of loans secured by

Not all of us know that a loan against collateral need not only apply to housing. Other goods can also be our protection. A car loan is a very popular option. This possibility gives us, among others Autokapital. We will receive an installment loan there for the transfer of the vehicle. This offer is addressed to both individual clients and people running a business. The procedure is analogous to that for a loan against a flat.

loans for movable property

We can also take out a loan against movables. Kasomat prepared such an offer. We then receive a loan with security in the form of an object of our choice. The loan company does not provide specific information about what these objects can be. It is known that they must belong directly to the customer. The selected item should be very accurately described by us in the form. It is also necessary to send documents confirming his pledge. The loan amount will depend on the value of the item selected by us.

As you can see, there are plenty of attractive solutions in the field of secured loans. It’s important to know what’s best for us and how to use it.

Loan up to 30,000 PLN for 5 years – get to know the 7 best offers!

August 28, 2018 Nowadays life without credit is very difficult. Trips, car, apartment – how to finance your needs without having rich parents, without being the president of a successful company or winning millions in the lotto? The solution is a cash loan. 30,000 loan can meet our needs without reaching out to the family. Borrowing from loved ones spoils relationships! It is better to take a loan of 30 thousand. for 5 years and pay off convenient installments. We invite you to the article, from which you will learn how much you have to earn to get a loan and make your dreams come true. 

30,000 loan for 5 years – what installment awaits you?

30,000 loan for 5 years - what installment awaits you?

If you want to take out a loan for 30,000, the loan calculator will help you calculate the installment and see if you can afford it. You will quickly find out what monthly payments are associated with a cash loan and how much the total cost of the loan is. Banks do not borrow for free! You must be aware of all fees.

How much do you have to earn to get a loan?

How much do you have to earn to get a loan?

We already know the 7 best loan offers for 30,000 Cash loan, one of the most popular types of loans, can be used for any purpose. Provided we receive additional funds. How much do you have to earn to get a loan? The amount of remuneration has the greatest impact on the size of the loan.

It is assumed that the loan installment cannot be higher than 50% of our monthly income (in the case of clients earning below the national average, the remaining limit is 65% of income). Until mid-2013, it was one of the most important restrictions of the T Recommendation. It is a document addressed to all banks, which concerns good practices in the area of ​​retail risk management of credit exposures.

Today, the document issued by the Polish Financial Supervision Authority does not contain strict regulations, but gives some recommendations that banks should stick to. The provisions of Recommendation T say: “It is recommended that banks adopt an objectively safe level of burden on retail clients’ income by repayment of credit and financial liabilities, taking into account the impact of macroeconomic conditions on their creditworthiness.” The amount of credit that we can take depends on the assessment of our creditworthiness .

The assessment of creditworthiness affects the price of the loan!

Banks are required to assess creditworthiness, taking into account primarily:

  • the amount of income received and regularity of payments to the account,
  • type of contract – clients with an employment contract of indefinite duration are most preferred because their income is the most stable. This does not mean that, when working on a subscription contract, we will not receive credit, provided that we regularly receive remuneration,
  • household maintenance costs,
  • current liabilities, including purchases in installments and a credit card,
  • credit history in BIK,
  • loan type and amount.

The amount of income received and the loan

Given that the average loan installment for 30 thousand. is 700 PLN, we cannot have earnings lower than 1450 PLN. According to GUS data, the minimum wage in 2018 is PLN 1,530 net (PLN 2,100 gross).
A higher mortgage requires much more. How much do you have to earn to get a home loan? Everyone finally wants to stop renting an apartment. However, you have to be prepared that you have to have a slightly higher income to your own four corners. Especially when we do not buy a flat for a single, but for a family. The average price of an apartment in Warsaw is currently PLN 516,800. In this case, the installment for your own angle with a 35-year loan period will average us PLN 2,200. 30 years of repayment will increase the monthly payment to approximately PLN 2,400. As a result, we have to earn about PLN 5,000 net so that we can afford to live on our own.

How much does the loan cost? – 30,000 loan and the fees

Looking for an answer to the question about the amount of the installment, we should find out how much the loan costs, and more precisely – what affects the amount of the installment?
The cost of credit consists of:

  • commission related to granting the loan,
  • interest rate: fixed or variable,
  • type of loan installments: permanent, decreasing or increasing,
  • credit insurance, voluntary or compulsory, depending on the type of loan.

Before signing the loan agreement, pay attention to all costs so as not to be surprised by the amount of the installment.

30,000 loan without income certificates – in which banks?

30,000 loan without income certificates - in which banks?

MiBanks are not as liberal financial institutions as loan companies. They usually require certificates from the client who applies for additional funds. Let’s check whether for loans for 30 thousand. additional documents are required from the banks mentioned by us?

Only Bankor does not require an income certificate. The bank checks the credit history at BIK to make sure that the client will be able to pay the installments. If you need money quickly, you can consider proposing quick non-bank loans. In the installment loans ranking you will find installment loans of up to 25,000!

If this amount is sufficient, submit an application and enjoy your money in 15 minutes. You can also take advantage of credit and loans at the same time, provided that your finances allow it. A bank loan is not an obstacle when applying for payday loans!

Credit to two: the co borrower

Financing a huge purchase is not easy for most of us. Few can buy their homes without having to make a loan. Almost all the time, a big purchase, and a fortiori a real estate purchase, is done to two. Unity is strength, as they say, and getting together helps to get better terms of purchase and credit.

Reimburse a credit when there is no marriage contract

Reimburse a credit when there is no marriage contract

When no marriage contract has been celebrated, the so-called “community reduced to acquests” which corresponds to most marriages in France, the debts contracted by one of the two spouses engage the property of the “community And the borrower’s own property. The community of property is everything that has been purchased by the spouses, together or separately since the day of the marriage: a purchase of housing after the marriage is thus part of the community of property. The property of the spouse who has not borrowed, which he already possessed before getting married, is thus not endangered. In the case of the purchase of real estate, it is very rare that a banker agrees to grant credit without the signature of both spouses.

Article 1415 of the Civil Code tells us: “each spouse may only pledge his own property and income, by a bond or a loan, unless they have been contracted with the express consent of the another spouse who, in this case, does not engage his own property “.

Repay a credit with a marriage in a universal community

Repay a credit with a marriage in a universal community

With the universal community, all the assets of both spouses without exception are pooled. The spouses are totally supportive, including for mistakes made by one of the two vis-à-vis the credit. This is, we suspect, the most dangerous regime at the individual level.

Repay a credit with a marriage in separation of property

Repay a credit with a marriage in separation of property

A marriage in separation of property engages only the spouse who buys, as in common law. It is perfectly possible for a married person under this regime to have another co-borrower than his spouse. This matrimonial regime is the least risky on an individual basis, involving only the property of the borrower and not those of the spouse.

Make a credit separately with your spouse?

Make a credit separately with your spouse?

It is possible, to buy the same property, that each of the borrowers make a credit on his own, separately. For example, Monsieur asks for a loan from his bank, Society General for example, by using his PEL (home savings plan) and Madame does the same with his bank, such as Credither. The credit requested by each is thus smaller to buy the apartment or the house. The credit is obtained provided the other spouse also gets the credit. This solution is not very widespread, and is not necessarily very advantageous: there are two credits to negotiate, two contracts, and a “risk profile” more complicated. It is indeed advantageous to borrow from two from a single bank.

Credit without a co-borrower

Credit without a co-borrower

We have seen that it is simpler to make a credit for two, and therefore it is more difficult to make a credit without a co-borrower, to make a credit on your own. Of course, who says “difficult” does not say impossible, what matters in the end, it is the income, according to the eternal 1/3 rule: the credit monthly can not exceed one third of the monthly income. All credits that the borrower repays are counted. It is therefore possible to buy without co-borrower, as long as we can afford to buy alone.

Credit Insurance in France

Insurance and reinsurance brokerage

Insurance and reinsurance brokerage

Ions France is an insurance brokerage and reinsurance company headquartered in Paris, with 8 offices throughout France. It is a subsidiary of the Ions plc group, a world leader in two main areas: insurance and reinsurance brokerage and risk management consulting.

Ions France in numbers

Ions France was created in September 1997. It generated a turnover of 300 million euros in 2012. Its 1,100 employees are able to provide sound advice to a clientele of 30,000 companies and a million individuals.

The company is brewing premiums of around 2.7 billion euros for all insurance combined. In order to facilitate the approach with customers and to be proactive in their needs, Ions France has set up 2 contact and management center.

What are the main products offered by Ions France?

What are the main products offered by Ions France?

The activities of Ions France are grouped around three distinct categories. The first is brokerage and insurance consulting, managed by the IonsRisk Solutions branch, which covers credit insurance, damage to property and business interruption, political risks, civil liability, borrower insurance and construction. 

Reinsurance

Reinsurance

The second is reinsurance brokerage, offered by the IonsBenfield branch. It is intended for insurance companies, provident societies and mutuals. The third and final category is Human Resources Consulting, supported by Ions Hewitt.

Accompanying developing companies

  • Revenue growth
  • Financing of Working Capital Requirements
  • Improving profitability by controlling financial costs
  • Outsourcing & optimization of credit management
  • Credit risk assessment of foreign subsidiaries
  • Increase in average time to recovery of trade receivables
  • Boosting national & international development

Solutions for professionals

  • credit insurance
  • factoring
  • recovery
  • bonds

Credit Insurance in France

Insurance and reinsurance brokerage

Insurance and reinsurance brokerage

Ions France is an insurance brokerage and reinsurance company headquartered in Paris, with 8 offices throughout France. It is a subsidiary of the Ions plc group, a world leader in two main areas: insurance and reinsurance brokerage and risk management consulting.

Ions France in numbers

Ions France was created in September 1997. It generated a turnover of 300 million euros in 2012. Its 1,100 employees are able to provide sound advice to a clientele of 30,000 companies and a million individuals.

The company is brewing premiums of around 2.7 billion euros for all insurance combined. In order to facilitate the approach with customers and to be proactive in their needs, Ions France has set up 2 contact and management center.

What are the main products offered by Ions France?

What are the main products offered by Ions France?

The activities of Ions France are grouped around three distinct categories. The first is brokerage and insurance consulting, managed by the IonsRisk Solutions branch, which covers credit insurance, damage to property and business interruption, political risks, civil liability, borrower insurance and construction. 

Reinsurance

Reinsurance

The second is reinsurance brokerage, offered by the IonsBenfield branch. It is intended for insurance companies, provident societies and mutuals. The third and final category is Human Resources Consulting, supported by Ions Hewitt.

Accompanying developing companies

  • Revenue growth
  • Financing of Working Capital Requirements
  • Improving profitability by controlling financial costs
  • Outsourcing & optimization of credit management
  • Credit risk assessment of foreign subsidiaries
  • Increase in average time to recovery of trade receivables
  • Boosting national & international development

Solutions for professionals

  • credit insurance
  • factoring
  • recovery
  • bonds