Archives May 2019

The Benefits of Officials for Real Estate Loans

The conditions for obtaining a home loan for an employee are identical to other employees in the private sector. However, civil servants enjoy certain special advantages and can benefit from more attractive loan rates because of their status.


What are the benefits for public servants?

An advantageous guarantee

Civil servants or members of a public service mutual are interesting profiles for banks that have made them their target. This is why some banks, such as ABC Bank, have set up agreements with mutuals and public service banks such as Banque Française Mutualiste, in order to provide them with attractive benefits.

With regard to the guarantee fees, the mutual can provide security for an official so that the mortgage is avoided on a financed property, the costs of the guarantee will be lower. The mortgage guarantee can also be substituted by a bond for the partner banks; thus the cost of the guarantee is greatly reduced.


A lower mortgage rate

A type of “public real estate loan” exists for this typology of buyer, the conditions of obtaining are identical to the Loan Action Housing or 1% housing. The sums obtained when the funds are released are in addition to another loan agreement such as the loan PAS (social loan accession).


Preferred borrower insurance

The status of public servants also allows them to obtain other credit insurance benefits for the financing to be optimized. insurance expert, real estate loan broker, will help you to find all the advantages in order to have the best mortgage at the best price while negotiating a mortgage insurance cheaper. It is necessary in this case to go through a delegation of insurance from another lender.


What are the conditions for an official to obtain an Immo loan?

The conditions for obtaining a home loan when one is a civil servant are the same as for a classic home loan:

  • The debt ratio
  • The age of the borrower
  • The nationality
  • A work contract
  • Your income


What type of funding can public servants access?

What type of funding can public servants access?

Public servants can access the same types of loans as all other borrowers:

  • The purchase of a property or its construction
  • The purchase of an old property that will improve
  • Works that aim to expand housing
  • A non-residential space that turns into housing
  • Financing a principal residence
  • Financing a second home
  • Financing a rental residence


What are the amounts and duration of a loan taken out by an employee?

What are the amounts and duration of a loan taken out by an employee?


The amount of mortgage

In general, a home loan starts from 70 000 €. If your mortgage is less than this amount, it is better to choose a personal loan. The only limit on the amount of your mortgage will be your ability to repay it.


The duration of mortgage

All mortgage terms are possible: a 5-year loan as a 30-year loan, the average term is close to 20 to 25 years.

Take a Payday Loan Through Mobile Application

We all know that most services and purchases can be purchased using a smartphone. For these devices, there are a lot of applications for shopping and price comparison. Of course, it came to the Payday Loan – now you can take a payday loan using a mobile application.

Using a smartphone to get urgent money today is picking more and more borrowers. Last year, there were a little more than 65% of such Payday Loan clients, this year they are already 10% more. In this case, while the majority chooses the usual transition to the site, but the number of those who successfully use special applications still becomes larger. Last year this indicator was at the level of only 3%, at the beginning of this year at the level of 5%, and at the beginning of the summer already more than 8%.


Payday Loan through Mobile Application, Really?

Payday Loan through Mobile Application, Really?

Mobile applications are becoming more popular than search services in a mobile browser. Today, the user is more willing to install the application on the phone even if he plans to use it no more than once a month. payday loan applications can be useful and even save time and money. If only because personal data entered once is not required to be entered the next time money can be urgently needed. In addition, many Payday Loans encourage downloading and using their application, and for each new loan you can get an additional discount.

Of course, the existing clients of the company will most often find out about the application. But there are also among those who decided to take a payday loan through a mobile application, new customers. And, like the other indicators, these data have the same upward trend. So, for example, last year there were no new borrowers who used a mobile application to receive money. And in the summer of this year there are already almost 4% of all borrowers.

It is believed that new borrowers install an application for a company not only for the sake of convenience, but also to make it easier to provide all the necessary information about themselves and once again convince the Payday Loan of the seriousness of their intentions.

Applications are useful to both the borrower and the Payday Loan.

Every day, Payday Loans are more willing to approve loans that have been processed using a mobile application. Most likely this is due to the fact that the application is associated with a specific person, thereby the microfinance company reduces its risks.

Applications are useful to both the borrower and the Payday Loan.

Payday loans began to be popular because they can be issued quickly and receive money on the same day. But for this, the Payday Loan should quickly examine the potential borrower in order to approve the amount requested. This certainly helps mobile applications. After all, most of those who use them want to get money as quickly as possible and spend it on something concrete. Therefore, a person asks for the amount that he really needs, and not a little more, just in case.

Like the payday loans themselves, people will get used to their mobile applications gradually, but much faster. Many, installing the application, request the amount of 1000 – 5000 rubles. Then close the loan and already take the amount larger. In the future, the demand for such a service will only grow. New technologies will also contribute to this, with the help of which it is possible to confirm your identity faster and easier, which means you will get a service faster.

Payday Loan Do Not Plan to Eliminate, But the Measures Need to Tighten

At the next meeting of representatives of our state considered issues related to consumer protection. The issues of today and those that may arise in the near future have been thoroughly discussed.

The head of government pointed out that the most shortcomings are present in the service sector. Payday Loans, as a type of financial services, are no exception. Despite the tough measures taken by the regulator towards microloans, users of this service have a fairly large number of questions and complaints.
The President also pointed out that “microloans before wages” were legally allowed on the financial market with an excessively high interest rate. In his opinion, this service, which in some circumstances can cost up to 600 rubles. a day should be cheaper.


Financial Illiteracy is the problem

The main problem of the Russian consumer of microfinance services is financial illiteracy. People often “peck” on special offers and promotions in the store and, without appreciating their strength, borrow money a lot more than they actually need. In addition to this, there are organizations that do not specifically interpret to their client all the nuances of using this service.

Financial Illiteracy is the problem

The President insisted that CBA Bank continue to work closely on regulating the microloan market. In addition to this, it is necessary to work on high-quality public awareness. Russians should be well aware of their financial situation and plan their income and expenses. And also, all financial products should be as transparent as possible and the conditions for them are clear to the consumer in advance.


The day after the meeting

A court order was promulgated in which it was approved to impose a fine on some Payday Loan for unilaterally changing the terms of the contract. The organization, without the borrower’s consent, changed the list of loan repayment types.

Representatives of many microcredit companies confirm that this practice is widespread due to the fact that the working conditions of many payment systems are changing. Payday Loans themselves cannot influence these conditions. In turn, representatives of the “payments” state that they have no right to terminate the contract with the organization unilaterally, if it does not violate the law or does not conduct questionable transactions.

A Good Loan Without A Statement Of Income

Nowadays, many people need financial help. No matter how much we earn, our needs are greater than the amount of money we can spend. It is for this reason that the other of us is in debt.

Attractive cash loan with a low installment We do not always take out a loan, but at least once in a lifetime we have used a loan, either from friends, an employer or a financial institution. Thanks to that, we could afford faster for a new car, laptop or clothing. Unfortunately, in many cases, the loan is necessary for survival. It is simply not enough to eat or pay for a flat, which makes the situation very uncomfortable. Then, we come up with different ideas, not all of them are reasonable.

Remember that even when we are forced to take out a loan, we should do it with our head! It is obvious that a loan or loan that we are unable to pay off will only make our situation worse. So what to do to avoid falling into a vicious circle? Above all, keep your finger on the pulse. Cash loans without certificates are not always a good solution.


Loans without certificates

Loans without certificates

Above all, analyze your financial situation all the time. If you want to borrow money just to buy a car, your situation looks good. You specify only what amount remains in the home budget after deducting fixed expenses and possible unexpected expenses and you set the amount for the maximum monthly installment you are willing to pay. If you incur a loan that exceeds the amount you set, it will probably start

Your troubles. It is worth remembering what you are looking for and what offer you are interested in, even if the bank presents us with cash loans without income certificates , looking more attractive. In fact, you should be careful about the offers of both banks and financial institutions. In recent years, bundling has become a standard in the financial industry.

In the case of loans and credits, it consists in presenting a very advantageous loan offer, only if you use an additional financial service, such as a savings account or a credit card. This type of treatment makes it not always a good offer from outside, it will pay off. For this reason, it is necessary to read the contracts carefully and analyze them with the consultant before signing.

Returning to the beginning of the considerations, let us consider what a person who needs a loan for basic needs, for life can do. Above all, if there is not enough on the basics, the bank will not grant credit to such a person. What’s more, do not get into debt if you really can not pay the installment. Delays will make us reach the debtors’ database, which, very likely, will make it impossible to incur any liabilities in the future.


Credits without earnings certificates

Credits without earnings certificates

It is therefore worth starting by converting expenses and selecting only the most-needed ones. Sometimes we do not realize how much money we run away from things that we can survive without. Of course, the most important thing is eating, living and educating children. On these aspects, it seems that you can not save. However, if the situation is really stalemate, we can eat less “exclusive things”. Lack of a dinner consisting of two dishes or expensive cheeses will not change the value of food. What’s more, it is worth to put away all sweets and products without which you can really function. In addition, it will come out to every family for health, vegetables and fruits are in fact not only cheaper, but also healthier than even expensive hams and meat.


Credits without employment certificates

Loans without certificates

It is also very important to save on fuel or the current that we use at home. In principle, the car can be completely replaced by a bicycle, if possible. When everything is reduced to a minimum, the situation is not easy. In every home, however, there is something that you can sell or pledge in a pawnshop, which allows you to buy the goods again for a certain period of time.

It is also good to look for a better job, or at least an additional job, thanks to which such problems will not be repeated again. You can save in many places, and there are plenty of ideas for improving your life. What if we already have cash credits without earnings statements and unfortunately we can not pay them back? First of all, you have to start by talking to the bank. Dialogue in this topic really makes things easier. Please remember that the bank also depends on the recovery of money, and so often go to a settlement, spreading the debt into smaller installments, or simply postponing its repayment.

There are many ways to get out of the problems, you can describe them indefinitely. However, it is best if we learn to thoroughly analyze our finances without spending money. An important fact is also to avoid the vicious circle, which is surely to take another loan to repay the previous one.

Which Debt Is More Important?

What is the most important debt to pay first? The first thing that comes to mind is a credit card, but this is not always the worst kind of debt. In fact, there are several good reasons to pay off other debts first. Carefully analyze your financial situation to understand exactly which debt is more important to you.

Which of the worst debts is only one part of the equation. It is also necessary to determine which of the obligations will affect more your credit history, your general goals and financial stability. Review the following points before aiming for complete credit card cancellation.


How to determine which debt is more important?

remember your finances

Credit card debt can be really dangerous due to the high percentage. It is believed that the most common types of debt – credit cards, mortgages, non-payment of taxes and car loans. Very often, people pay only the minimum credit card payment, and some of them spend again the amount that remains on the card after interest is withheld. This state of affairs can last for a very long time without changing the situation in a positive direction. On the other hand, non-payment of a mortgage loan can lead to the loss of the apartment in which your family lives. And if you don’t pay for a car loan, you can be taken away from the car you drive to work, having lost that due to frequent delays, your financial situation will not improve.

It is difficult to decide which of the debts is the worst, and which of them needs to say goodbye first of all. It is necessary to look at the situation from the other side. The worst debt that you can not pay on time. Without paying on time, your debt grows exponentially and, at best, you have to borrow money to pay your bills.


Do not forget the credit history

If you do not regularly have time to pay your debts, it will negatively develop on your credit history. Your credit account must be treated with great responsibility. Now, perhaps, you think that you will never take a new loan. But tomorrow the opinion may change, and you want to buy a house or large household appliances. And having a good KI, you can count on more favorable conditions for a loan.

Deciding for yourself which debt is more important, do not forget about the credit history. It is important to remember that if you begin to extinguish debts regularly, it will not change your CI in one moment. Depending on the degree of neglect of the situation, you may need time from several months to several years. To get started, find out your credit history, set up effective payment reminders and start reducing your total debt. Stop using a credit card, aim at extinguishing the biggest debt, not forgetting to pay smaller ones on time.


Develop a plan

Develop a plan

There are two effective options, choosing and adhering to one of which, you can get rid of loans. Any plan should always have an end date. If you want to achieve financial freedom by 2020, you need to act today. So, the first option is to aim at extinguishing, first of all, the largest debt. At the same time, of course, you need to make the minimum payments on the remaining loans. The point is that the biggest loan has the largest amount you pay for using the loan.
The second option – on the contrary, to put on the machine a payment of a large loan and aim at smaller ones. First of all, repay the smallest loan – this will give you confidence that it is really possible to get rid of debts and you are already on your way to this.


Remember your finances

One desire to achieve the goal, as you know, is not enough. You need to face the truth – whatever the debt of all you would consider most important to you, you can pay as much as you can. If you have a particularly acute situation, try to communicate with the lender and revise the loan agreement to reduce monthly payments. Consider whether there is a way to earn more while paying off debts or how to save on other expenses. You need to take control of your home money.

In no case should not forget about the responsibility for tax payments. The amount of payment, in case of your ignoring, will grow with penalties. If you completely run the situation your property can be described.

Only you yourself can decide which debt is more important. Determine the amount you can pay on a monthly basis, determine which loan has the largest amount of payment for use, which debt affects your credit history more and how important it is to you. And do not forget about the family budget as a whole.