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List of borrowers with the lowest mortgage loan rates

 Those darlings who get the lowest rates

Those darlings who get the lowest rates

The favorite profiles of banks remain executives and other high-level socio-professional categories. They are in the 35 – 40 age group , and have an intake of at least 20%. In addition, it is not necessary to bring more than 30% of the project to obtain the best conditions.

Jerome Robin, president and founder of Lite lender, recalls the principle of competition: “the banks engage in strong competition to capture this clientele with high potential. We thus manage to negotiate exceptional conditions for these borrowers who therefore also have an interest in going through a broker, because it is not always in their own bank that they will have the best offer ”.

However, the most attractive rates primarily benefit solid, first-time or second-time buyers profiles. “Even if rates are historically low in a context of stable prices or slightly decreasing, it is ultimately the good profiles who benefit the most because, given the economic context, the most fragile borrowers remain wait-and-see and postpone their project. ‘purchase’.

Credit repurchases are pampered

Credit repurchases are pampered

This 3rd edition of the darling barometer of Lite lender banks takes into account the renegotiation of existing home loans. Today it is possible to have your real estate debt repurchased by a competing bank, which will offer to pay it off cheaper .

If banks like these operations – because interest goes into their coffers – they are also very interested in the potential of loyal customers. Remember that today banks take little risk in granting credit, because the rates are exceptionally low, there is almost no chance that these new customers will infidelity thereafter.

These privileged darlings who borrow without contribution

These privileged darlings who borrow without contribution

Apart from the repurchase of credit, it is always possible to obtain a mortgage without contribution . Funding will therefore cover the entire project, including notary fees. However, banks are very selective, as explained by Sandrine Allonier, responsible for bank relations at Lite lender. “Some banks, even if they are rare, still accept to lend without contribution and even finance the notary fees. On the other hand, they wish to set up a long-term relationship with these customers, with domiciliation of income and a prospect of future savings.

List of favorites

List of favorites

Those who got the best credit

And the winer is: this Marseille couple in the 32-35 age group, with 2 children, with monthly income of $ 4,500. Their property debt amounted to $ 175,000, which he reimbursed at 4.1% . The local agency renegotiated the rate to 2.45% , without contribution. Note that when part of the capital has already been repaid, it is simpler to buy back credit without contribution.

Another example in Avignon, where this couple in their forties with 2 children presented a property debt of $ 216,000. High socio-professional category with $ 7,500 per month, renegotiation allowed them to obtain 2.65% .

Those who borrowed from the lowest

The record for all categories in the 3rd quarter of 2014 concerns this Lyon couple, first-time buyers. Executives without children, their joint monthly income amounts to $ 4,700. They obtained funding of $ 202,000 , without personal contribution, to buy their main residence, at the rate of 2.34% .

2nd place on the podium goes to this 33-year-old Nantes couple, also first-time buyers, also from a high socio-professional category, who too buy their main residence. With incomes of $ 4,500 per month between them, they were able to provide capital of $ 31,500. Total funding was $ 210,000 , at a nominal rate of 2.40% .

The 3rd place of the podium in the main residence category, goes to this Toulon couple. 2 second-time senior managers, 37 years old, with a child and having a contribution of $ 90,000. They cumulate between them revenues of $ 8,900, and obtained a rate of 2.45% , to finance $ 350,000 .

These young darlings who borrowed without contribution

These young darlings who borrowed without contribution

The previous Lite lender barometer showed that the darlings of banks are young. It is still relevant today, like this 24 and 29 year old couple with a child living in Grenoble. First-time buyers with no contribution, accumulating revenues of $ 2,850 between them, they obtained a rate of 2.49% to finance $ 109,000 . They are the youngest on the list, and they take 7th place in the ranking.

These singles and divorced pampered by the banks

Banks prefer couples because they have plans. But people living alone still manage to fare well. Thus, this divorced 52-year-old living in Toulouse, obtained a rate of 2.58% to finance $ 168,500 intended for a main residence. His income is only $ 1,600 per month, but he received a contribution of $ 65,000.

Right behind him comes this single from Capital lender without children. With monthly income of $ 1,500 and a contribution of $ 20,000, he obtained 2.65% to finance $ 100,000 , again for a main residence.

The least pampered among the darlings

To truly measure the opportunities of the current market, it is advisable to look, certainly the first of the classification, but also the last. And the last one is a single from Nice, with an income of $ 1,932, with a contribution of $ 10,000. The Lite lender brokers obtained a rate of 2.80% for him, to finance $ 122,850 for his main residence.

Instant credit without private credit checker and credit check.

With home and car banks, it is not possible to get an instant loan without private credit checker and credit check. In the free financial market, creditworthiness plays a subordinate role, since a borrower can secure a loan in different ways and thus lead to approval.

The offers are suitable for applicants who are rejected due to their poor credit rating at the house bank and who would not receive a permit. The loans on the free financial market stand out with some advantages and are low-interest as well as flexible in the general conditions.

Private donors or foreign banks?

Private donors or foreign banks?

Anyone applying for an instant loan without private credit checker and credit check can choose between private donors, foreign banks, your own search with a comparison, or the service of a free financial intermediary. To find the right instant loan without private credit checker and credit check, you shouldn’t just look at the interest. The contractual terms are also very important, as they decide on the changes in the term and allow the repayment to be adapted to the personal circumstances of the borrower.

In this way, you can avoid debts and an entry in the private credit checker by striving for a temporary deferral, reducing or increasing the repayment rates and not having to expect additional costs. Since an instant loan without private credit checker and credit check can be found in different amounts and with different lenders, every potential applicant can easily find the offer that fits his wishes and the focused criteria for the contractual arrangement. There is no difference in interest rates between private investors as donors or foreign banks that convince with the same advantages.

Properly secure the loan

Properly secure the loan

Since the creditworthiness has no influence on an instant loan without private credit checker and credit check and is not checked by the lender, the applicant must provide other guarantees. Anyone who has property or savings, capital-forming insurance or a building society contract can, by overwriting these securities in the appropriate amount for the loan, establish themselves for a permit and look forward to an unbureaucratic process. If you do not have real assets, you can name a guarantor or co-applicant when applying and you will also receive approval for the loan amount.

Interest on various loans

Different loans, different interest rates. Financing through a bank does not always have to offer the best conditions. Many finances and purchases that are incurred and which can often not be dispensed with can no longer be financed out of one’s own pocket by private households. Waiting and saving until you have the necessary money can not always be enforced, because for certain things the money must be available in close proximity. So the alternative to this dilemma is often a loan from a bank. If you decide to take this route, the next big step is already imminent: comparing the conditions of the various credit institutions. After all, you don’t want to get into a financial emergency with your loan, which can quickly become confusing with the incidental costs of a loan.

 

Fees for a loan

Fees for a loan

A bank loan involves a number of different fees. The best known are the interest that has to be paid in addition. The nominal interest is the cost that is actually incurred only for the interest. In addition to these, there is also the effective interest rate, which also includes other costs of the loan. In addition to the interest, there are also fees such as closing fees, various commissions and of course the processing fee. With the effective interest, these fees are already factored in and show you how much you have to pay for the loan for additional costs.

 

Zero percent financing: the alternative through the dealer

loan financing: the alternative through the dealer

Now, of course, different banks are also demanding different terms from borrowers. In particular, they differ enormously in height, which is why a comparison is definitely worthwhile. Without comparison, you take a risk these days because you would pay too much without a loan comparison. The interest that a bank spends on a loan depends on several factors. It is also worth comparing whether you should finance through your bank at all. Because, as many also know, there is so-called 0% financing, which is issued directly through the dealer from whom you want to buy. For example, car dealers or various electronics stores offer this option. This 0% financing means that you will not incur any costs other than the loan itself that you will have to repay.

 

Interest rates on car and home finance

Interest rates on car and home finance

The interest rate for car financing is around four to six percent. New cars often have the option of 0% financing, but also with the restriction that this financing is only offered for certain models.

If you decide to build a house or buy a house, you also have to differentiate here. The home loan is often cheaper than a bank loan. Building finance has another difference to bank loans: the longer you set the fixed interest period, the higher the interest rate will be. This also applies to a very large sum that you would like to take out as a loan. Low-interest loans can also be obtained from the state. If you want to buy a house or want to renovate or renovate an existing house, there are certain grants from the state that offer favorable conditions.

Quick cash – why is it worth making friends with an installment loan?

Installment loans are a financial product offered by parabanks, which are becoming increasingly popular. They can be obtained by completing the formalities directly at the branch of the loan company or taken on the Internet within a few minutes. The cash obtained will support the household budget and allow to raise funds for necessary expenses. Despite the high popularity and increasingly attractive installment loan offers, many people are still wondering if they are a good and safe solution. To dispel your doubts, it is worth knowing what benefits an installment loan has.

Disadvantages of cash loans

Disadvantages of cash loans

Until recently, people in need of financial support went to the bank, where they applied for a loan. Cash loan is considered by many to be the best form of obtaining cash. As it turns out, however, taking it is not so easy. Statistics show that banks reject a significant number of applications. There may be many reasons for this, among others lack of credit history, too low creditworthiness, lack of stable employment and income, too many other obligations, untrue documents or incorrect fulfillment thereof. All this, as well as other factors, make you forget about a bank loan. Their first disadvantage, therefore, is the relatively difficult availability of the service. Only a few, who the bank will assess positively, can obtain cash loans. And you have to remember that banking verification is not easy – not only do you have to meet restrictive conditions, but also be patient and prepare numerous documents required by banking institutions. These usually oblige the future borrower to provide evidence of income, employment, monthly maintenance costs, current debts. Completing all the documentation is ongoing, it takes additional time for the bank to examine the application – which can take up to a month. In the case of a cash loan, there is no quick cash. Because of this, a bank loan is not for people who need quick cash support.

So before you apply to the bank, it’s worth checking how much money you have to earn to get a loan?

Long waiting times, formalities and difficult availability are not the only disadvantages of a bank cash loan. Issues that are equally important to the borrower include high costs, the need to take out insurance or other accompanying products (e.g. a personal account).

What is the difference between installment loans in a bank and a loan company? The answer can be found in this article.

Advantages of quick non-bank loans

Advantages of quick non-<a href=bank loans” />

People who want to avoid the inconvenience of a bank loan should make friends with the installment loan. It is a product similar to a bank loan, but it is granted by non-bank companies. Installment loans also have many advantages. First of all, it is easier and faster to get it. Applications for non-bank loans can be submitted online, and verification takes only a few minutes. Money from an installment loan to the borrower’s bank account can be transferred on the same day, and can be used for any purpose: renovation, vacation, buying a car or household appliances, organizing a family celebration, etc. Equally easy as getting a non-bank loan is repayment. For the borrower’s convenience, the debt is repaid in several installments, payable monthly. The installments are set in the contract, as well as the dates of their payment. This means that repayment of a non-bank loan is not a heavy burden for the household budget.

In the article The fastest installment loan. Money on the account in 15 minutes. We advise on how to quickly get money to your account even in 15 minutes.

Fast cash is not the only advantage of a non-bank loan. It is also worth appreciating the ease of obtaining it. Loan companies do not require any documents confirming employment or the amount of income received. Installment loans in the amount of $ 10,000 – 15,000 can be obtained by anyone who has creditworthiness and has no negative entries in BIK and KRD.

What is the cost of the installment loan?

What is the cost of the installment loan?

One of the main concerns of borrowers are the costs they have to incur if you want to get quick cash. These, however, do not have to be much higher than for a cash loan. If you want to know them, check the APRC, i.e. the Actual Annual Interest Rate. This parameter informs about the total installment loan costs on an annual basis. It includes both the interest rate, as well as commissions, margins, insurance, administrative or handling fees. APRC is expressed as a percentage and you can read it already at the stage of analyzing and comparing the offers of individual loans. If we want to accurately check the exact cost of our commitment, it is worth calculating the installment loan installment using a calculator.

Why is it worth choosing an installment loan?

Why is it worth choosing an installment loan?

An installment loan is a great solution for people looking for a way to get quick cash. It is worth to decide on it if you want to make a financial commitment conveniently and comfortably, e.g. via the Internet, while not wasting time on formalities. Thanks to spreading the loan into installments, its repayment is not burdensome for the household budget, and at the same time allows you to get significant cash. Most important, however, is that fast cash is available to almost everyone.

If you are interested in an installment loan, we invite you to familiarize yourself with our offer.

How do you apply for a loan online?

Before entering into a loan installment contract online, you should carefully read the offer and think about all the pros and cons. The online loan granting process is now virtually fully automated. Just a few steps to get quick cash. Below we present the application procedure.

What information must the loan application contain?

What information must the loan application contain?

Everyone can apply for an installment loan, but you must meet a few basic conditions to get it. First of all, all non-bank companies require the borrower to be of legal age and possess Polish citizenship. There are also more and more offers in which it is not enough to be 18 years old, a frequent requirement is to be 21 years old. If these conditions are met, you can proceed to submit the application. All you have to do is log in to the online portal of the loan provider and complete the loan application. You will need your ID card details, email address and phone number, and sometimes your bank account number. Importantly, it must be the applicant’s personal bank account (it cannot be, for example, an account that other co-owners also have). Both the account number and the mobile phone number will be used to verify the applicant’s identity.

However, what if the applicant does not have a bank account or does not have access to the Internet? Loan companies can also apply for a loan over the phone, and the lack of an account can be compensated by using a Giro check. The consultant guides the client through the entire loan application procedure. So it turns out that the only technical requirement necessary to obtain cash is a functional mobile phone from which you can make voice calls and receive an SMS. In the event of any difficulties in completing the application, qualified consultants in the call center will help.

Where can you get a quick installment loan online? Here are our hints!

How do banks verify their customers?

How do parabanks verify their customers?

Since installment loans can be applied for online or by phone, there must also be two separate ways to verify customer identity. The first of these is the so-called verification transfer. To check if someone else is impersonating the applicant, the loan company will ask you to make a symbolic transfer of $ 0.1 or $ 1.00. After the verification process, this amount will be refunded to the customer.

There are other methods for verifying customers when borrowing online through installments. A loan without a penny transfer is a solution that will appeal especially to people who have a debit account or do not want to wait for the verification transfer to be credited. Identity checking can be based on the data that the customer provides when logging into his bank. It is a completely secure method, using SSL encryption tools. In addition, it does not require installing additional applications on the phone, which also allow you to confirm the identity of the customer.

What if the applicant does not have a bank account? The loan companies have also found a solution. The method of receiving cash via a Giro check comes in handy. With its help, the money from the loan granted can be taken at any post office. If the loan application was submitted by phone, the identity of the borrower will be verified by a postal worker, who is obliged to show both the ID card and the unique cash collection code. The code is sent via SMS after obtaining a positive decision on granting the loan.

Analysis of customer data in BIK and KRD

Analysis of customer data in BIK and KRD

Less formalism is an undoubted advantage that distinguishes loan companies from banks. Therefore, when applying for an installment loan online, in most situations you do not have to be afraid that the loan company will ask you to provide certificates whether it is about your income or permanent employment. In almost every situation, all you need is a customer statement on the subject. However, loan companies must assess the risk of lending money to a particular customer. In this way, the company not only protects its interests against dishonest customers, but also protects the borrower against excessive debt. The most important information base for them about the client’s guarantee that he will repay the loan on time is data from BIK and KRD. Most companies check these registers and additionally use their internal databases.

Online loans without BIK and KRD are therefore more risky for the lender, hence the simple conclusion that the loan company must secure itself in some additional way, e.g. by requesting a loan guarantor, i.e. someone who undertakes to repay the loan if the borrower fails to do so . Almost always such loans will also bear higher interest, i.e. simply more expensive.

However, it is worth remembering that loan companies, guided by the principle of responsible responsible lending, will not grant a loan to a person who has negative entries in BIK and KRD. More information about responsible lending in the article – You want to take a quick installment loan – check what responsible lending is.

How quickly will I receive the money by taking a loan online?

How quickly will I receive the money by taking a loan online?

Loan companies know that people who use online installment loans care about time, hence many of them have fully automated their processes. That is why it is so important that the application is completed correctly. Even a small error, e.g. in the PESEL number, may result in rejection of the application by the company’s algorithm.

The time it takes to get your payout also depends on the type of identity checking method you choose. If it is a method with a verification transfer – after the application has been approved, the transfer with the loan will be sent immediately after the verification transfer has been posted ($ 0.01 or $ 1.00). In the case of a loan without a penny transfer, the money will be transferred immediately after making a positive decision on granting the loan (the whole procedure should not take more than 24h). In turn, with the Giro check, the client can collect money in person at any Astro Finance outlet. He usually has 10 calendar days to do this.

If you really need quick cash, you should look for the fastest installment loan offer to have the money in your account in 15 minutes.

It is worth remembering that the decision to incur a financial commitment is a serious matter. You should always rethink and re-calculate whether in a given situation a loan will definitely be the best and the cheapest solution. It is worth using the services of proven reputation companies that comply with the principles of responsible lending. It is a good idea to use online comparison and loan company rankings, thanks to which you can easily and quickly compare offers of many companies.

Sms loans vs Private loans

Basically, a sms loan is a type of private loan since the definition of private loan is that it is aimed at private individuals, does not require any security and is used for consumption. However, there are some differences between regular private loans and sms loans.

 

Sms loans have faster processing times

Sms loans have faster processing times

You probably know that it usually takes up to 24 hours to get a definitive response to their loan application when you apply for a private loan. Then it takes up to 3 banking days for the money to be in the account after the loan agreement is signed and has reached the lender. It may not matter that much if you are going to borrow a larger amount of money and / or want a low interest rate, but if you need to borrow money quickly, it is of course taken for too long.

Many loans are already paid on the same day if you make your loan application in the middle of a weekday, otherwise you will receive the loan the following weekday. In addition, there are many lenders who pay sms loans directly to certain banks, which means that you can get your money right after the loan application is approved. These loans can often be paid on weekends.

 

Sms loans have lower requirements

Sms loans have lower requirements

Most private loans have quite high requirements, you often have to earn at least USD 120,000 – 200,000 per year depending on the bank and you may not have any payment notes. If you do, you can, in some cases, only borrow smaller sums. This means that you who do not earn so much and / or have a payment note are not able to take a regular private loan, but it is not at all impossible to take a sms loan in these circumstances.

There are many sms lenders that you can apply for a quick loan with payment note at and most have fairly low income requirements. Sometimes it can be enough to earn around USD 20,000 – 50,000 / year to borrow money. 

 

Sms loans have a higher interest rate

credit loan

Sms loans have a clearly higher interest rate than private loans, which is because:

  1. The loan is smaller and has a shorter maturity. It would simply not be profitable to lend say 3,000 USD for 30 days and offer the same interest rate as a private loan.
  2. Sms loans entail a higher risk due to the lower loan requirements.

But many times a sms loan doesn’t have to be that expensive because the loan is small and the term is short. For example, you can borrow USD 3,000 and pay USD 100 – 200 for it, plus you can find sms loans that are completely free. Then you only pay back what you borrowed and not a penny more.

 

Sms loans are smaller and have a shorter repayment period

Sms loans are smaller and have a shorter repayment period

Pay day

When the fast loans went through, the amounts that were lent out were rarely greater than USD 3,000 – 6,000, but that doesn’t really look like today. Today, there are many sms lenders offering fast loans of up to, for example, USD 12,000, 20,000 or USD 30,000.

However, larger loans usually have a longer maturity (ie the time between the day you took out the loan and the day the loan is to be repaid) than the smaller loans. The purpose is to facilitate the borrowers’ ability to repay the loan. The lowest amounts usually amount to USD 500 or 1,000, but there are even lower loan amounts than that. Typical maturities for sms loans are usually between 14 – 90 days, but some lenders offer maturities of up to one or two years.

 

Consumer Lending

This type of loan is also called interlibrary loan and is one of the most common types of loan. The interest rate on a private loan is also relatively high, for example, when compared to a mortgage, since the loan in question has no collateral. A typical private loan from the bank has previously been around USD 10,000 – 350,000, but can vary widely between amounts today. Today there are private loans up to both USD 400,000 and USD 500,000 and some private loans can be only USD 5,000.

The repayment period here differs from the fast loans. When you take out a private loan, you can repay it in about 1-12 years. However, you should keep in mind that the loan becomes more expensive the longer the repayment period due to interest costs.

If you need to borrow less than USD 5,000 or USD 10,000, then sms loans are your only option, but if you want to borrow larger amounts, ie you have thousands or hundreds of thousands of USD, you must take a private loan.

How to check if the online loan is safe?

When we decide to get a loan in installments from one of the many non-bank financial institutions, we are often concerned about security issues. Unnecessarily, because the activity of loan companies is regulated just like the activity of banks. There are many registers in which you can verify the legality of each entity’s operations.

What else should you remember when applying for an online loan? What information to verify?

1. See the National Court Register and the KNF warning list

1. See the National Court Register and the KNF warning list

The first step to check any company that offers installment loans should be to verify it in the KRS database. The National Court Register is nothing more than a database of enterprises, associations, foundations, and even social and professional organizations. The obligation to have a KRS number is imposed on the entities mentioned by the Act of 20 August 1997 on the National Court Register.

Checking the company offering installment loans in the National Court Register will allow us to verify the legality of its operation, but it will not guarantee ethical and proper treatment of customers and compliance with the regulations. However, do not worry too much about it, because you can easily deal with this problem. It happens that the Polish Financial Supervision Authority has reservations about the way a particular entity operates, which it informs the public about. Among other things, it is worth having a look at the list of warnings kept by the Polish Financial Supervision Authority before signing the loan agreement. We will find there entities which the Polish Financial Supervision Authority has more or less serious doubts or objections. The presence of the loan company of interest to us on the list of warnings should therefore alarm us and make us reconsider the decision to use its offer.

In addition, you can check whether the lender we choose belongs to Lite Lender and whether the non-banking institution has recently carried out an ethical audit. Obtaining the Ethical Certificate is a confirmation of compliance with high ethical standards in line with the idea of ​​responsible lending and respecting the Principles of Good Practice (ZDP), developed by ZPF. The ZDP document is a set of obligations for financial institutions that are based on moral standards and applicable legal provisions.

2. Check the Register of Loan Institutions

2. <a href=Check the Register of Loan Institutions” width=”640″ height=”479″ />

The Consumer Credit Act of 22 July 2017 introduced an obligation for companies offering installment loans to be entered in the Register of Loan Institutions. It is kept, similarly to the list of public warnings by the Polish Financial Supervision Authority, and its occurrence requires the fulfillment of a number of formal conditions.

Considering the above, checking the company in the said register should be another element of verification of the lender. We should remember, however, that the mere presence of an entity in the register is not synonymous with its positive assessment by the PFSA, but only a confirmation of compliance with the obligations imposed by the legislator.

3. Verify opinions about the company offering installment loans

3. Verify opinions about the company offering installment loans

We will definitely learn more about the principles of the subject’s operation or his approach to the client’s needs and expectations, from people who had the opportunity to take advantage of his offer. If someone from our relatives applied for a loan at a given loan institution, be sure to ask them for opinions. What if we can’t count on such support from our friends? It is worth looking for recommendations on the Internet. There are many websites where individual loan entities are evaluated. Reviews are also available on financial online forms, so don’t forget to look there.

4. Carefully study the offer

4. Carefully study the offer

A cash loan is a financial product with very simple operating principles. If, when analyzing the offer of the selected entity, we are not able to accurately verify the actual cost of financing, consider choosing another company. The installment loan offer, as well as all related costs, should be clearly and clearly described or explained by a company employee. If, despite in-depth study of the loan agreement and the table of fees and commissions, we are not able to understand the principles of calculating fees or the mechanism of the installment loan itself, let’s use the offer of another entity. Honest companies clearly communicate the amount of real financing costs, offer calculators to quickly calculate them, and avoid complicated and difficult to understand formulas and constructions in their loan agreements.

Business plan for your financing: We give you 10 keys – Business Loans

When you consider starting a business, you have a lot of uncertainty, adrenaline and ambition to eat the world. But do not be stunned, take paper and pen and capture all your ideas. The day will come when these ideas will have to be ordered and a business plan or Business plan created.

One of the first needs your business will have will be the need for financing. When that time comes you must have a good business plan. In this guide you will find all the steps to create a good business plan. Keep reading.

The business plan

The business plan

Lets start by the beginning. The business plan is a document that reflects the business activity as clearly as possible and where the opportunities, strengths and weaknesses and threats are analyzed. All the specifications regarding strategy, financial … to carry out the business must also be reflected.

What is a business plan for?

What is a business plan for?

A business plan, above all, and perhaps more importantly, allows the entrepreneur, while it is being carried out, to carry out an exhaustive study and analysis of both his new business idea and the market in which he will operate, and thus achieve a global vision of everything It has to do with your new business. In addition, once the business is established and started, the evolution of the business can be checked by contrasting it with the business plan.

This business plan has a second fundamental objective that is to serve as a presentation to potential investors, collaborators or financing providers. This business plan will help them to know in depth the business idea, its market, its potential … and thus be able to value investing in it or not, or finance the business or not. Therefore, when making the business plan, think of all these people who will want to know more about the business and make it as easy as possible.

How to make a business plan?

How to make a business plan?

Let’s get down to work.

The business plan requires more time than it seems, therefore it is better to get there as soon as possible. We start with the infographic summary and then we will explain a little more each.

What a difference in loans!

cash

We simply do not want to believe our eyes at first sight. We have always known that there are differences between banks’ loans. What’s more, it’s not surprising that no single loan within a bank falls into a price range. But these numbers surprised us too. Look at you too, then interpret what you see!

The calculator is the key

bank

If you did not believe that you should use the credit.com calculator , this will definitely change now. We’ve written in several articles how much money it takes to take the trouble and see what kind of credit is right for you.

The calculator can show a lot of things, so it is worth spending a little more time with it, as we have done now. We have seen what happens when the final result of the calculation is not just the cheapest offers. And then now comes the part where you should hang on.

The talkative numbers

bank

We thought it was a good reflection of what we were talking about when taking out a $ 50 million loan over a 22-year term. This is a large enough amount to show the difference we have made so far. The banks we are just randomly selecting are the same for each bank.

Let’s start with Budapest Bank! The cheapest loan you give us is $ 73,309 per month and a total of $ 19,513,587 that we will repay over a period of 22 years. This is one of the best and cheapest deals on offer from banks.

However, if you scroll down the results, the most expensive bid is $ 95,217 per month. All in all, this means that we will refund $ 25,166,030 to the bank. As you can see the difference is 5.6 million forints. What does that mean?

Being able to borrow at Budapest Bank is very cheap and expensive. So it’s not enough to just count one and see which bank has the cheapest deal and walk into them. Contact us and we will help!

Results of other banks

Results of other banks

As with the bank mentioned above, we have experienced similar differences elsewhere. At Good Finance, say, the two extremes of the monthly installment payment are HUF 77,513 and HUF 95,217. For the total amount, this means US $ 20,484,363 and US $ 25,158,909. The difference here is “only” about 4.5 million forints , but let’s not forget that Good Finance’s cheapest loan will be a million forints more expensive than Budapest Bank’s.

Bank also has some interesting numbers. On a monthly basis, one of their loans is 15 thousand HUF cheaper than the other. And it matters to HUF 71 729 or 86 275 HUF referred to for 22 years. In total, the small monthly difference of 15 thousand HUF swells to almost 4 million HUF . And you could buy so much more from this…

What does all this mean?

bank

It is quite clear that the differences are due to two reasons. One is the interest period . It doesn’t matter how long our fixed monthly payments stay. The other is that it does not matter what kind of income we have and how we are classified. Because of this complexity, contact us! It is our job to find the best opportunities for you to find the solution for you.

Loans Mortgage calculator

Loans. Free administration of home and personal loans. We are professionals in credit management.

Borrowing without waiting

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National credit administration, at home, at work or wherever you want. Borrowing without waiting, without waiting in line. Mortgage calculator

As a national network of Good Finance:

  • We are available anywhere in the country or, if not, we go wherever you want
  • More than 18 years of experience in credit administration, our credit specialists have the required MNB qualification
  • Safe professional background
  • Almost all domestic financial institution products are available in one place.
  • A universal banking comparison and rating system with just a few clicks
  • Professional support: either in Family Home Discount or in lending matters.
  • Most of our partner financial institutions offer discounts to our clients that are more favorable than branch offers

Home Loans

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  • Consumer Friendly Home Loan
  • Home loan used to buy a home
  • Home loan for new home purchase
  • Home renovation loan
  • Home improvement loan
  • Bridging loan
  • Loan For Land Purchase

Subsidized home loan

  • Subsidized home loan for new home purchase
  • Subsidized housing loan for families with multiple children
  • Subsidized home loan to buy a used home
  • Subsidized home loan for new home purchase, construction
  • Subsidized home loan extension
  • Subsidized home loan for modernization
  • Construction, renovation, extension, modernization
  • Construction loan

Mortgage Loans

Mortgage Loans

A mortgage loan is a mortgage or real estate loan that can help you claim more money from financial institutions. In such cases, the loans taken are usually used for whatever purpose you want, so you can buy an apartment, a car, or start your own business. In most cases, the amount of credit is determined by the value of the property being offered as collateral.

Mortgage loans can include types of loans such as new home purchase loans, used home purchase loans, home construction, extension, modernization or renovation loans, and free use loans, but also debt settlement loans.

Financial institutions work with personalized mortgages

Since all Hungarian financial institutions work with personalized mortgages, which are always determined by the value of the real estate offered, it is worthwhile to look closely at the banks offering mortgages, as it does not matter at what time and at what price.

Provides the debtor with a long-term repayment opportunity

Provides the debtor with a long-term repayment opportunity

A mortgage can be cheap because there are differences between them. When Can a Mortgage Loan Be Cheap? First of all, if it provides the debtor with a long-term repayment opportunity, or if the monthly repayment installments remain fixed over the long term, but at least show only a slight increase. The client is well-known if he / she knows in advance that the installment payment for the given month will be the same the next time.

Since we offer a real estate collateral to the bank when taking out a mortgage loan, it is easy for most domestic financial institutions to obtain such a loan, because in such cases the credit assessment is simple.