Archive 2019

Unsecured loan

 

Unsecured loan for home renovation? Yes thanks! If you want to make a small purchase, maybe an appliance, if the kids have grown up and it is necessary to change the furniture of their room, or if your home cries out for revenge and a minor renovation is needed, there is a type of loans made just for you : unsecured loans precisely.

Despite its apparently complex name, the unsecured loan only means a “signed” loan. A particular type of loan, however, where no other guarantee is generally required except the signature of the applicant.

Unsecured loan, how it is structured and how it works

Unsecured loan, how it is structured and how it works

As mentioned, the only guarantee required is the signature of the debtor. The presence of a notary is not required, as is the case for the mortgage loan, and this is an obvious saving. Furthermore, since there is no mortgage, it is not possible to risk a foreclosure in the event of non-payment.

The presence of a guarantor is not always required, as in the case of other forms of loans, but it could be “welcome” or perhaps those requesting credit may be asked to ask for bills of exchange or pledges on securities.

In relation to the lower request for guarantees, there is the lesser amount of the amount that can be requested, which generally does not exceed 10,000 euros.

As regards the duration, the unsecured loan never exceeds 4 or 5 years and therefore is considered a short-term reason. On the other hand, the return time is perfectly related to the small amount of the amount granted.

As with other types of loans, the repayment takes place in monthly or quarterly installments. The amortization plan is obviously decided together by the applicant and the Institute that grants it. The rate, always like other loans, can be variable, fixed or mixed.

As was said at the beginning, the unsecured loan is generally required to buy furniture or to face small expenses.

Types of unsecured loan

Types of unsecured loan

The unsecured loan should not be confused with the mortgage, more correctly with the mortgage loan, because in this second case you would be forced to take out a mortgage on the property, which in the case of the mortgage loan is not required.

The assignment of one fifth of the salary or pension are types of mortgage loans, in which never (unless there are very few exceptions) can there be requests for guarantors, because committing one’s income is already considered a sufficient guarantee by the Banking Institutions.

The unsecured loan therefore, especially in the renovation of a house, can be a useful ally in the realization of a dream, small but very very concrete. More details on the unsecured loan.

Loans online – How to get instant?

 

How To Get Instant Loans Online

How To Get Instant Loans Online

Immediate online loans are a type of fast disbursement credit, usually within 24 hours, specially designed for those who suddenly face unexpected non-binding expenses.

Online loans without paycheck: how to do it?

Online loans without paycheck: how to do it?

Online loans without paychecks are possible, but – obviously – specific requirements must be met to obtain them: in particular, it is necessary to demonstrate that you are able to count on constant income.

Loans between Individuals Online

Loans between Individuals Online

Loans between individuals online are forms of financing that eliminate the intermediation of banks and credit institutions as they are based solely on the contact between the demand and supply of individuals. It is therefore a particular method of credit, which is called social lending. Let’s find out the details …

Loan Astro Finance Purchase Appliances: review

Loan Astro Finance Purchase Appliances: review

If you are struggling with a small domestic drama, such as breaking a refrigerator or simply feeling the need to buy a dishwasher, then you may want to consider taking out a loan aimed at a reliable credit institution such as Astro Finance.

Flexible Bankate loan: review and opinions

Flexible Bankate loan: review and opinions

Are you looking for a loan that will give you – if necessary – the opportunity to skip or postpone one or more installments to meet your current needs? Well, then it is appropriate to evaluate the Flexible Bankate Loan offer. In this review I talk to you about the characteristics of this financial product, I summarize the opinions of those who have already taken advantage of this offer …

Bank credit: purpose, operation and costs

Bank credit: purpose, operation and costs

Usually when you need more liquidity you think about applying for a loan. But there is also a second option that can be considered that is that of the credit line. Surely you have heard of it and now you are thinking about the bank credit how it works?

Online financing: benefits and requirements for applying for them

Online financing: benefits and requirements for applying for them

You are looking for a quick loan but you don’t have time to go to the bank to make the request, you need a simpler solution and therefore, you are thinking that online financing maybe does it for your home. There are actually several banks and financial companies that offer the possibility to forward the request directly from your …

Astro Finance loan: features, requirements and online application

Astro Finance loan: features, requirements and online application

When you need more liquidity in a few days, perhaps to make a purchase or to urgently meet expenses, the best thing is to choose a fast loan. Among the various bank offers, one of the fastest is the Astro Finance loan. The company belonging to the Boclore group gives the opportunity to obtain…

Practical Guide to Personal Loan: All About How It Works

Practical Guide to Personal Loan: All About How It Works

The personal loan represents one of the types of financing that a bank can provide to private individuals. This is a sum of money that is granted without the beneficiary having to justify its use, but obviously at the time of stipulation, the number and amount of the monthly installments for repayment are established, but also the interest rate. …

Loans changed online

Loans changed online

Are you looking for specific information on loans changed online? Unfortunately, finding these kinds of indications can be a difficult task as these types of financing are only available in particular situations. In this article we hope to give you useful information to facilitate your online search.

How to choose the best loan

How to choose the best loan

Are you considering whether to apply for a personal loan and are you struggling with the 10,000 offers available online? Don’t worry, in this guide I will explain how to choose the best loan, what expenses you need to consider and what to do if you do not have an adequate income to request the desired amount. If you follow my advice, you will be able to easily identify …

Online Loans: the best banks and financial companies that provide them

Online Loans: the best banks and financial companies that provide them

Are you looking for a loan online? Here are the best banks and financial companies that have websites that allow you to send your loan request in a very short time. If while reading the article you feel like going to one of these sites to send a request for an offer, I advise you to prepare the necessary documents first …

Online Loan: review and opinions

How many loan offers are there online! Of course, choosing is really complicated, opening costs, interest rates, speed of approval of the file, timing of disbursement of the loan, flexibility of the installment and whoever has more. Those just mentioned are very important factors, but there is also another factor that has its weight in the choice of the lender, namely the trust that the latter has been able to win. That’s why when you learned about the Bankate Online Loan, you decided to inquire and evaluate whether it can be the best personal loan for you.

In this review, in addition to listing the general characteristics of the online loan of Italian post offices, I also report the opinions of those who have already signed up for this loan and left feedback online. What do you say if we now get to the point? Take a few minutes to read this article and find out more about your possible future loan. Enjoy the reading.

Bankate Online loan: summary of the general characteristics

Bankate Online loan: summary of the general characteristics

The personal financing of Poste Italiane online is dedicated to the holders of a Bankate account, and can be requested and managed directly through the internet platform made available to the customer.

Among the general characteristics of this product we find:

  • Maximum amount that can be requested: 30 thousand USD
  • Loan duration: from 24 to 84 monthly installments
  • Refund procedure: direct debit from the Bankate bank account
  • Insurance: not required

Those that I have mentioned only some of the specifications of the product, the details we will go into them throughout the article.

Review and opinions

Review and opinions

The Bankate Online loan was positively assessed by those who requested it. The general opinions in fact determine that this product is accessible and fast as it can be requested directly online, without having to go to a post office.

In addition to the advantage of being able to apply for funding online, users also appreciated the possibility of managing everything directly on the platform made available by Poste Italiane. In addition, the flexibility of the installment was also positively assessed, as you can choose to change the amount or skip them during the loan.

The only flaw found, however, is that this can only be requested by holders of a Bankate account. This clause can of course also be respected by those who do not have an account at the moment, as it is possible to open it in a post office before making a loan application.

The Bankate online loan is recommended for all those who are looking for a financial product that can be managed directly online, without having to go to the post office. This also adapts to the needs of those who need a sum for purchase or to obtain greater liquidity in a short time.

In conclusion, the product generated positive opinions both in terms of management and in terms of delivery speed after sending the application.

Full description

As mentioned, the Bankate online loan can be requested directly online. This is possible thanks to the use of digital signature to mark the contract at the time of delivery.

To send the application, therefore, simply access the Italian Post Office platform with your login data, enter the required data, upload the documents and check the progress directly from your PC.

As for the request, the management of the entire loan is completely online and allows you to change the duration or the amount of the installment in line with your needs.

Who can apply for it: the online loan application can be submitted by …

  • Residents in Italy
  • The holders of a Bankate account
  • Public and private employees hired on permanent contracts
  • Independent and self-employed professionals who have already made at least one tax return
  • Do not have ongoing loans that exceed 2/5 of the net salary value (unless you are applying for debt consolidation funding)
  • You don’t have to be registered with CRIF as a bad payer
  • You must have a good credit rating

Required documents: there are not many documents for the Bankate online loan and must be uploaded directly to the platform at the time of application. I’m…

  • Valid identity card
  • Fiscal Code
  • Pay slip, pension slip or Single Model
  • Document certifying the regularity of the stay for non-EU citizens residing in Italy

Amount that can be requested: the amount that can be requested ranges from a minimum of three thousand USD up to a maximum of 30 thousand.

Duration of the loan: the duration of the loan ranges from a minimum of 2 years up to a maximum of 7 years. During the management of the loan, if the exchange or skip installment options are used, the loan can reach a maximum duration of 108 months.

Disbursement: upon acceptance of the loan, the credit is made directly to the applicant’s Bankate account.

Repayment method: the loan is repaid in monthly installments with automatic debit on the applicant’s Bankate account.

Interest rates and duration

To calculate, simulate a loan and see the installment, interest rates and amortization plan of the Bankate Loan, just register on the site, and complete the guided procedure.

Once you have registered and logged in, you can follow the instructions on the screen and simulate your loan after selecting the type of loan. You can choose between the following types of loans:

  1. Loan for the purchase of a home
  2. Loan for the renovation of a home
  3. Loan to furnish the house
  4. Loan for debt consolidation and thus having only one installment
  5. Change an old mortgage with one more suited to current needs
  6. Loan to take a vacation, a wedding, study etc …
  7. Small loan for liquidity
  8. Loan for medical, aesthetic or other health and well-being treatments

Once the type of loan has been selected, all that remains is to follow the simple instructions that will be shown to you on the screen step by step. Here is a simulation – you can also find it on the post office website but for convenience I summarize it below.

Example of financing for 14,000 thousand USD

Below is an example for a loan of $ 14,000. Note the APR interest rate which on a repayment calculated on 72 monthly installments is 7.64%. To date, this rate is in line with the offers available online.

  • Duration: 72 months
  • Monthly rate: 240.37 USD
  • Interest rates: fixed Tan 7.25% and APR 7.64%

Payment and method of repayment of installments

As far as loan disbursement is concerned, these are approximately 7/15 working days – unless the file does not run smoothly and is approved without delay. The money is paid into the Bankate bank account.

The refund is made by direct withdrawal / direct debit from the Bankate account.

As already mentioned, Poste Italiane relies on AStro Finance for this loan despite the fact that interest rates remain in line with most of the loans offered online.

Alternatives to the Bankate Online Loan

Alternatives to the Bankate Online Loan

Before proceeding with Bankate, I recommend that you also evaluate the personal loans offered by Bankate, Caloper and AStro Finance. These Banks – Financials directly manage the loans while the Poste Italiane case relies on AStro Finance, which is why going to the source could offer some additional economic advantage.

Bank Announces First 6 Months Financial Results of 2018

 

Bank, the leading corporate bank in Azerbaijan, announced its financial results at its press conference for the six months ended June 30, 2018 and its subsidiaries (Bank Georgia and PASHA Investment Bank AS). Member of the Board of the Bank, Chief Financial Officer Bahruz Nagiyev made the keynote speech at the event.

Net profit of the Bank for the six months ended June 30, 2018 was AZN 35,394 thousand, which was AZN 50,324 thousand for the first six months of the previous year. Interest income on June 30, 2018 reached AZN 109,031 thousand. As at 30 June 2017 this amount was AZN 132,453 thousand.

Non-interest income amounted to AZN 15,586 thousand on June 30, 2018, which is a 16% share of total operating revenues. The Bank’s total operating revenues decreased by 10% to AZN 97,489 thousand compared to the previous year. The major part of non-interest income is income from dilutive transactions – AZN 7,952 thousand or 51%. This means that the share of net income in total operating income is 8%. Net fee and commission income amount to AZN 7,390,000, representing 47% of non-interest income and 8% of total operating revenues.

For the six months ended 30 June 2018, the total operating expenses of the Bank increased by 2% to AZN 43,606 thousand compared to the same period of the previous year. The rate of income ratio for the six months ended June 30, 2018, increased to 45%. For the same period of 2017 the same amount was 40%. PASHA Bank currently implements the cost calculation methodology. This initiative will provide more accurate information for product and segment analysis. This, in turn, will make a positive contribution to the price formation mechanism.

As a result of the strategic decision taken to diversify its portfolio of assets, the Bank has maintained a good balance of its services. As at 30 June 2018, the aggregate assets of Bank amounted to AZN 4,469,931 thousand, which is a 24% increase over the 3,614,019 thousand AZN registered in the respective year 2017.

The Bank’s assets as at 30 June 2018 are as follows:

 

The Bank

Cash and cash equivalents – 36.1%

Loans to customers – 34.4%

Investment securities – 18.5%

Amounts due from credit institutions – 6.5%

Other assets – 4.5%

As of June 30, 2018, the Bank’s total loans reached AZN 1,566,498 thousand. It means a 11% increase compared to the end of 2017.

The effective interest rate of the loan portfolio at 30 June 2018 was 3.9%. This interest rate remained stable compared to 4.5% on December 31, 2017. The quality of the loan portfolio is one of the Bank’s main goals and is under strict control. PASHA Bank has a very comprehensive lending and risk assessment process. In addition, this process is constantly being improved by the Bank’s credit risk specialists. All these procedures prevent significant changes and unexpected results in the amount of reserve and provide reasonable predictions.

PASHA Bank continues to increase customer base based on its relationships and quality of its services over the years. As at 30 June 2018, customer accounts increased by 15% compared to the end of the year and reached AZN 3,320,558 thousand. As a result, the ratio of cumulative loans to customer accounts decreased by 47% compared with the 49% observed at the end of 2017.

As of 30 June 2018, the Bank’s total capital adequacy ratio was 11% (this figure was 15% at 31 December 2017). The liquidity ratio as of 30 June 2018 was 96%. It should be noted that this figure was 99% by the end of 2017.

PASHA Bank has maintained its position as the largest commercial bank in terms of its total equity capital of 542,821 thousand manats. At the same time, the bank paid 61,414 thousand Dividends for the first six months of 2018.

PASHA Bank is committed to increasing its share in corporate and KOS sector by maintaining competitive and progressive products to its customers and maintaining its leading position in the Azerbaijani market.

The quality of assets and the adoption of proper financial decisions for customers are still number one priorities and the Bank has continued to invest in improving this approach from year to year. Having become a regional local bank in Azerbaijan, PASHA Bank has introduced a concept of banking and credit risk researches that have been built on the relationships in local banking, which has resulted in asset quality and profitability in a changing economic environment.

As an ambitious bank, PASHA Bank has become a regional bank, overcoming recent peaks in recent years. The Bank, which operates on a larger scale, fully comprehends its responsibilities in every decision taken on a daily basis. Investment and financial aspects are based on appropriate measurement units and reflect the concept of long-term and sustainable growth. The Bank demonstrates the highest level of accountability to its partners by applying unique and sophisticated internal and external financial reporting standards in the local banking segment in accordance with the IFRS.

Debts with Tickets, Tickets, Invoices Are you in debt?

 

I’m in debt, I have to pay my debts! How do you know if you are in debt? It’s tricky, but most people do not usually make too many bills in their day-to-day life, and only realize they’re full of debt when it’s too late. Carnations that do not stop arriving, charges by phone, letters, e-mail … It is to take the sleep of anyone. Do not wait to get bogged down in debt to take action, start now!

First steps

 

The first step is to put on paper all the bills that you need to pay in the month. Do not lie to yourself, put ALL the bills, from the breakfast roll to the purchase on the card you’ve hidden from your husband or wife. Add everything. After that, add up all the proceeds that will be used to pay these bills: benefits, salaries, wages, commissions, rents, receipts, everything. Now the account is simple, take the total of the revenues and reduce the total expenses. So, did you get scared by the result? If the value was positive, congratulations! Now it’s negative, it’s time to do something about it, do not you think?

Financial planning

Financial planning

 

Being between heaven and hell (in the red) is not a comfortable situation for anyone, but getting lamenting also will not solve the problem. If you’re spending more than you should, there are only two solutions: either you increase your revenues, or you lower your costs and expenses. Using your money consciously, making financial planning and respecting your limits is the ideal recipe for anyone who wants to thrive financially, make money more and build a better quality of life in the long run for you and your family.

 

The marketing industry produces more and more consumer items desired by many people every day, everyone wants fashionable clothes, fashionable cell phones, the most modern computer. The incentive to consumption, the increase in the use of disposable products and the constant evolution of the electronics and household appliances makes the purchase volume of these items is much higher than it was some time ago.

Avoiding Debts

Avoiding Debts

But is there any formula for avoiding debts? Formula maybe not, what exists is the exercise of your conscience and respect for your limits, according to your budget. Before buying anything be honest with yourself and ask yourself: Do I really need this? If the answer is yes, ask yourself another question: Do I really need this now? Stipulating buying priorities is a smart way to spend your money on what you really need and avoid spending on futile or impulse-bought items.

Financial health

Financial health

Money is a bargaining chip, but it can not be synonymous with exchanging a quiet life for a life full of worries about debt. Follow the tips you’ve read above and see the result yourself! Building a healthy and prosperous financial life can be the key to a future free from worry and full of happiness and accomplishments.

Personal Finance Tips to Manage Your Money!

 

 

You have money? Money controls you or you control your money , who controls who? The term personal finance still scares a lot of people, but it means nothing less than controlling the expenses and revenues of your personal life, it is in this item that you will determine whether you will control your money or if it will control you.

When it comes to budget control, many people think that in order to understand and practice the subject, one needs a diploma, a higher education course or an accountant because they are mistaken. My earliest personal finance concepts I learned even before attending school, with my mother, who despite not even having a high school diploma, is a master at home economics. The great secrets that have been revealed to me and which I now pass on to you are very simple and do not require any magic formula:

1 -) Never spend more than you earn :

 

At this moment you must be wondering, with spending little? I have so many accounts, and everything is so expensive! So we got into the second board.

2 -) I really need this :

 

To spend less we need to practice and perform a great exercise when buying something, regardless of the amount to be spent. Ask yourself do you really need this? We do not always buy just what we need, and often buy because it’s cheap and worth it. But at this point we need to consider whether it’s worth having to pay by credit card, for a new shoe, a video game, new wheels for the car, etc …

3-) Value your money :

3-) Value your money :

Value every penny you earn and the moment you need to buy something, research well. Prices vary a lot from store to store, do not be ashamed, search, rate, haggle. After all the money you are using is yours, earned through your work and effort and if you do not value it, no one will.

4 -) Write down all expenses :

4 -) Write down all expenses :

 

keep note of everything you buy and for what you do not have note put in a notebook, this is key so that you at the end of the month look and review everything you have spent, so you know where you invested your money. This will help you to see if there was unnecessary expense, so that you take more care next time.

 

5 -) Credit card :

5 -) Credit card :

 

It is useful, but in the right measure: having a credit card does not mean that you should spend the limit every month and also that you need to get into debt with it. Do not be afraid of the card, just know that it can be villain or good boy depending on the use you make of it. The conscious use of credit and your money is the best way out, so plan the expenses, put in the card only what is really needed and never forget that even buying on the card will have to pay later.

You see, controlling your money against consumerism is the hard part, and curbing the urge to buy is not being miserable, but being aware of what you are getting. Here are some basic tips that can change your financial life if you choose to understand them, but just thinking about them will not change your bank account, you need to put it into practice every day, every day until it becomes habit. Show your money that you have control over it, and get to work!

Amortization of Debt from Bank Financing

 

Anyone who has already borrowed money knows that there are almost always costs involved. Be it the interest rates charged on the cash advance, or additional costs built into the financial transaction, the credit card billing delay, the foreclosure costs or notary’s expenses at the conclusion of the contract etc. In general borrowers can not deduct the costs of debt financing immediately. Instead, they need to pay off these costs over the life of the loan or financing.

The amortization of debt

The amortization of debt

In case of this article: how to repay loan debts in banks, borrowers who have contracted loan or financing with extended repayment term, have the possibility to pay installments in advance, carry out the reduction of the initial term of the financing or if you want, can also portability the loan financed to reduce the installments paid monthly.

You can usually pay off your debt financing costs. This involves recognizing these costs over the life of the loan, using what is known as the effective interest method. This method is a bit more complicated than a linear method, but results in faster deduction recognition.

To help in this process, it is not advantageous for them, the main Brazilian banks have different forms of procedures for this purpose. Check out how each one acts.

Amortization at Banco do Brasil

Amortization at Banco do Brasil

In the “Banco do Brasil” (BB), carry out the operation for debt repayment or settlement of financing installments in advance by being done without problems or hindrances, for this the borrower should seek the agency that was granted the real estate loan and do the payment, at least, to the amount of a current installment. The BB client also have the possibility to opt for the reduction of the value of the provision of the financing or the term financed. The repayment of the debt for the reduction of term is decreasing, that is, backwards / from the last installment to the first.

Amortization in the Savings Bank

 

According to the “Caixa Econômica”, the payment of installments to anticipate the term of operations with real estate credit, can be made in any agency of the institution in all Brazilian territory, but the option is not allowed for “financing in the Par Acquisition” ( Residential Lease Fund of the Minha Casa Minha Vida Program), for families with a monthly income of up to 3 minimum wages. Repayment is only possible if the borrower is in full (on time) with the installments of the contract when the advance is requested.

Amortization at Itaú Unibanco

Amortization at Itaú Unibanco

For Banco Itaú clients who have “Itaú real estate financing” and wish to amortize debts with prepaid installments, part of them or the total debt with the institution, the first step is to contact the “Imobfone” on the telephone 11-4004-7051 or 0300-7897051 , during business hours. The service of the “Imobfone” will give all the instructions and documentation necessary to carry out the operation.

Amortization at Bradesco

Amortization at Bradesco

In Bradesco, the client does not even have to leave the house, if you want to repay the debt of real estate financing, simply enter the bank’s website through the internet and make the option of one of the two types of early settlement available, to be amortized in the real estate financing in the same current account in which the debit of the installments occurs monthly. That simple.

Amortization in Santander

 

The extraordinary amortization or early settlement of debts in Santander also occurs in a simplified way, the borrower contacts the “Real Estate Credit Advisory Santander” at the telephones 11-3553-4058 (São Paulo), 21-3460-1304 (Rio de January) and 0800-286-0909 for other Brazilian locations. When the client wants to make a repayment in the financing, he informs the amount that he wants to write off, to carry out the liquidation of the financing, Santander’s advice informs the debit balance. In both cases, the central Santander sends the ticket to the borrower to make the payment.

Amortization at HSBC

 

At HSBC the borrower should go to a branch of the nearest bank and request a simulation of the debt repayment , they are two options, it is possible to check the repayment by the number of installments or the balance due. To have access to simulation, the borrower will need to identify himself through the CPF and RG or CNH, after that, the agency issues the ticket to make the payment.