Do we only loan with ID? These are the ones you can access!

Have you been offered loans only with ID ? It seems unreal, right? But it’s not like that. Loans with ID only exist . These are instant loans made by banks without the need for many papers or collateral. These are some banks that offer you these types of loans:

Super Cash

bank

This is offered by Good Finance. Thanks to that one can be available from S / 2,000 to S / 50,000. Provide up to 48 months to cancel the requested amount. When applying for the loan you should know that the maximum TCEA that can be collected is 181.81%.

Free availability

Free availability

It is offered by the Financial Bank. Being a quick loan can be approved in a single day. The loan offers amounts from S / 1,000 to S / .50,000. Payment terms vary depending on whether people with dependent, independent work, those who have given any liquid, mortgage, etc.

More than one option through E-Money

More than one option through E-Money

Did you know that there are online platforms where you can compare all the offers? E-Money is one of them and you can find here loans of up to S / .30,000 offered by: Credit Access, Compartamos, Good Finance Bank, Qapaq, Caja Sullana, among others.

Some requirements to access these loans

Some requirements to access these loans

Although, for these loans, it is not necessary to have more than the DNI, no bank will agree to lend you if you have a credit history in red.

Have you been offered loans only with ID ? It seems unreal, right? But it’s not like that. Loans with ID only exist. These are instant loans made by banks without the need for many papers or collateral. These are some banks that offer you these types of loans:

Therefore, I advise you to review this information, on Infocorp or on the SBS website, before applying for your loan instantly .

Do I fall into default if I only make the minimum payment of the credit card?

You may not know what happens when you only make the minimum credit card payment. If so, surely you want to know the consequences of this, and if it implies falling into default. You can clear your doubts by carefully reading this article.

 

What is the minimum credit card payment?

minimum credit card payment?

The minimum payment is the lowest payment you can make to the grantor of the credit so that he does not declare you delinquent. Then, it is impossible for you to fall into default or financial delinquency if you make the minimum payment of the credit card.

Now, you must understand that the minimum payment is the lower limit of the allowed payment. That is, you can cancel an amount greater than the minimum payment without any problem, which is even convenient for you. Remember that the longer it takes to pay your card debt, the higher the interest to be paid.

 

What happens when I make the minimum credit card payment?

What happens when I make the minimum credit card payment?

The first thing that happens when you make this payment is the aforementioned: you do not go into default. That is, by making your minimum payments on time you achieve an adequate credit history, with the consequent benefits that this generates.

The Compari Bank and the Ministry of Finance and Public Credit regulate this payment. BANCOM determines how the instruction should use your credit card payments, whether minimum or higher.

Remember that with the same credit card you can assume two types of debt:

  • Debts acquired without specifying a quota amount, called revolving debts.
  • Debts made by specifying a fixed number of installments, established at the time of payment.

BANCOM has established a regulation for the use of your credit card payment that is beneficial to you. In the case of the minimum payment, a significant portion of it is dedicated to the cancellation of the revolving debt. And only a fraction of the payment of debts acquired in installments. In this way, the payment of the type of debt that generates the greatest interest is prioritized.

Mortgage loans: bread for today, hunger for tomorrow

You really have to think about it long before taking out mortgage loans, given that a product purchased today, in the next 20 or 30 years, can become an unpaid debt. According to official measurements, in October 2008 the Credimash climbed to a maximum of 5.52%; added to more accessible differentials than the current ones, it implied default risks. However, at this time the situation has turned: the indicator is located at 0.54% but interest is around 2.5%.

Interest increase risk

Interest increase risk

Making calculations, these numbers hide a potential future trap, because the average quota of a mortgage of 150 thousand euros at 25 years with a differential of 2.5% would be 711 euros taking into account the current Credimash, but with an indicator of 4% the fee would rise to 1012 euros. Thus, mortgage loans that seem convenient today are likely not to be so good tomorrow. Given the risk of increased interest, some buyers prefer to find out for fixed-rate mortgages; However, these are not exactly the most convenient. 

Online banking demands less bonding

Online banking demands less bonding

If you still want to find a mortgage with this uninviting scenario, you should consider that online banking is the one that demands the least linkage. This is the market that requires less conditions to access mortgage loans. Thus, OutBank has launched the “Orange Mortgage”, which finances up to 80% of the value of the property plus receipts, home insurance and direct debit, with a differential of 2.69%. For its part, the Openbank “Open Mortgage” covers a maximum of 70% with a rate of 2.5%. Another proposal that is circulating on the web is the “Medfic bank”, which starts from 2.25% although with a floor of 3%.

Better financing conditions

However, the most attractive offers are for apartments in the hands of banks, because financial institutions need to get rid of their portfolio of properties and therefore offer them with better financing conditions. For example, Santander bank proposes mortgage loans that cover 100% of the house price, with terms of up to 40 years and a competitive differential of 1.75%. If we have to finally mention the offers of traditional banking, at this moment the most affordable option is that of Bankinter, with its “Variable Mortgage”. The differential is attractive -1.95% – but the maximum financing time is 30 years.

Borrowing some extra money is no longer taboo.

Research by Outbank shows that about half of the 5,000 respondents had no basic knowledge about borrowing money. This group could name a few options for extra money, but often did not know the basic knowledge for budgeting.

Other different studies show that many consumers are not so well aware of the types of borrowing, the consequences of borrowing money and how to budget.

For example, many consumers do not know that they can borrow extra money with a mini loan. Red is a little more known among consumers, but many do not see red as a loan form. This further emphasizes that they do not know all the consequences of all loan forms, because standing in red is indeed a loan and also costs money.

The government is aware that it must inform its citizens about borrowing money in order to prevent debts. You can always borrow extra, but borrow responsibly. Know which loan types are available and by requesting quotes, research which loan suits you best with which interest and conditions. In addition, more and more consumers are getting budgeting tips and in addition, the government is working on stricter rules regarding extra loans with a mini loan.

Borrow extra money for a new house

Borrow extra money for a new house

When you decide that you want a home of your own, it is wise that you save money. If you do not, you have to borrow extra money. Borrowing extra money costs money, because you have to pay interest on this. This interest is variable in most cases, when there is a recession, the costs can run high. That is why it is important to save, when that is not possible is an option to borrow extra money for a new house, for example.

There are different types of loans where you can borrow extra money. The most common loan is the revolving credit. The revolving credit is a flexible form of borrowing money because you can borrow and repay whenever you want. There is a danger here that you borrow too much and too often money, which can then run into substantial costs. This loan is often committed when, for example, someone has a renovation and does not know exactly how much it will actually cost. If it costs more than planned, you can easily borrow and vice versa.

Another form of borrowing is the personal loan.

Another form of borrowing is the personal loan.

A personal loan has a fixed interest rate, a fixed amount that is borrowed and a fixed number of months that the money must be paid back. This is a safer form of borrowing money because you know where you stand. This loan can be used, for example, to finance the study. Of course you can also borrow extra money for a new house!

Homeowner payday loan

Are you a homeowner and want to take out a payday loan? That works out well, the owner-occupied home helps you to negotiate a lower interest rate and makes more advantageous use of the credit. You can use the payday loan in the way you want. Buy a new kitchen, drive a nice new car or go on holiday with the whole family to relax. There are several options available, the personal homeowner loan provides a one-off amount that you can spend in the way you want. The fact that you have an owner-occupied home automatically leads to a lower interest rate on the loan.

Cheaper payday loan

Cheaper personal loan

The owner-occupied home offers the lender an important degree of extra security, regardless of whether there is surplus value. It is easier for homeowners to take out a payday loan, and you can count on a lower interest rate. At Fienatent we already ensure the lowest interest rate in the Netherlands, so that you as a homeowner with a payday loan can benefit twice. The high level of certainty thanks to the fixed interest rate and fixed duration also makes it easy to calculate the costs per month in advance.

payday loan with an owner-occupied home

Personal loan with an owner-occupied home

Take out a payday loan as a homeowner? Thanks to the owner-occupied home you can count on an extra competitive interest. The payday loan offers you the option of borrowing money once and then repaying it in pre-determined steps. The credit offers a high degree of clarity and certainty, so that you will not be confronted with surprises. The credit is comparable to a mortgage on which you make repayments from the outset, although in this case you are free to determine what you want to spend the available money on.

Request a free quote

Request a free quote

Curious about the possibilities of a payday loan as a homeowner? Do you have a goal in mind and do you need financial resources? Our advisers can indicate to you as the homeowner exactly what is possible with the payday loan, which interest rate is appropriate and to which monthly period this will subsequently lead. Send us a request online, contact us by phone or start a live chat. Our advisors can advise you free of charge and send you a free quote.

Credit For The New Year

financial loan

New Year’s Eve, or New Year’s Eve celebration, is one of the biggest and craziest parties of the year, where people usually spend large sums of money, but not always have enough funds to be able to relax properly and people often choose to borrow money for such New Year celebrations. But whether this practice is good and where it is better to borrow it in today’s article.

 

Credit for entertainment?

Credit for entertainment?

The first thing that we must definitely discuss is that any credit that is taken for entertainment does not cause the lovers and the surrounding community to be enthusiastic because it does not count as responsible borrowing, as is the case with other long-term loans. The loan that is taken for entertainment is definitely not the best way to take credit, because after this New Year’s Eve the money will be spent, but the debt will still have to be repaid, so even after thinking about why you borrowed this misunderstanding! The credit should be as a tool to help finance long-term projects and allow people to get housing or a car that would otherwise be almost impossible to collect, so a loan taken for entertainment is not beneficial and people usually condemn such practices!

 

The most profitable lenders

credit loan

But if you are all aware of this and still want to get credit then you have a number of options, as each creditor offers his / her offerings and by choosing to receive such a service, you have to compare all the possible offers and then choose the best one. At first you should decide whether you will take this credit from a bank or private creditors, as banks usually issue these loans with much lower interest payments, but in order to get credit in the bank you will need to sort out a lot more papers and most likely to indicate who this loan will be spent and hardly the bank will issue it if you indicate that it is being taken for entertainment in the new year.

 

If you take credit with non-bank creditors

credit loan

You will be able to get this loan in minutes and no one will ask you where and how you plan to spend the money, but due to this speed and discretion you will have to pay much higher interest payments and the loan repayment terms are also high. shorter than bank loans. As you can see, if you want to get a credit for a New Year’s Eve celebration , then you can do it both at the bank and with the non-bank creditors, but this is not a responsible borrowing, so be careful and choose a loan only if it is not really possible otherwise however, you want to get a credit, definitely use our website comparison tables to find the best deal for you!

Borrowing money with your own house.

You have your own house and want to borrow money: curious about the possibilities? The own house is of great added value to borrow money. For example, you can borrow money to install a new kitchen, buy a new car or have the children study. Whatever the purpose of the intended loan, thanks to the owner-occupied home, it is possible to borrow money in a relatively advantageous way. At Fienatent we will look for the lowest interest for you, so that you pay a low price for the money that you temporarily want to keep behind.

Low interest thanks to own house

Low interest thanks to own house

The owner-occupied home helps to ensure the lowest possible interest. A lender is always looking for security. Do you have your own house (with a mortgage) and is there any surplus value? That is an important measure of certainty. You then have assets, so that you can, as it were, offer the guarantee that you can repay the borrowed money. It means that you can borrow money a little more easily with your own house and that you can generally count on a lower interest rate. Of course, our advisors are happy to help you chart the situation and offer you the lowest possible interest. 

Discount on revolving credit or personal loan

Discount on revolving credit or personal loan

Borrowing money with your own house is advantageous if you choose both the personal loan and the revolving credit. Do you need one-off extra money to be able to pay for a new car, equipment or a holiday? Is it about some extra resources for the coming period or do you want to take full advantage of a low and variable interest rate? Then the revolving credit might be better suited. Our advisors can guide you in this and take into account, for example, the burden of the mortgage on your home. In this way we provide a credit that matches your situation and meets your wishes.

Free advice and free quote

Free advice and free quote

Our advisors are happy to give you free advice, so that you know where you stand when you want to borrow money at your own house. Moreover, we are happy to provide a free quote. These are the elements that help you make a good choice from the various available loans. Borrowing money with your own house is relatively easy, although that does not mean that we can always get the most out of it. Contact? This can be done by making a request online, starting a live chat or contacting us by telephone. Our advisors are ready for you.

Cost Of Car Insurance Policy What Determines It?

car insurance policy

As you know, not all car insurance has the same price. The cost of the policy depends largely on a series of points that qualify you as a good or bad driver as well as the scope of coverage and extraordinary services. Here we leave you the list of points that determine the price of your insurance.

 

Cost of auto insurance policy

Cost of auto insurance policy

Driving a car is a symbol of freedom, owning a car is a sign of independence and pay your insurance policy is a sign of your maturity and responsibility.

However, as a good adult you are, you must take into account all the variables, as well as the cost of your car policy.

 

Car insurance

Car insurance

Per year, the average of a policy is around 4800 pesos, however there are many factors for the cost of the policy that can decrease or increase this price. It is necessary that you have this type of contract that will be very useful in case you have an accident.

 

Points that determine the cost of the policy

car insurance

All the elements that affect the cost of the policy depend on a series of possibilities that are taken into account from the driver’s driving record.

There are insurers who strive to take into account all the components, others, let it pass and make you a different price accounting. Here I give you the points that are handled correctly and that are referring to the driver:

  • The driver’s history: no fines, no faults, no accidents. Everything is cheaper with a blank sheet.
  • The kilometers you drive: The more distance there is always more chance of an accident. Do you travel a lot with your car? Think well what policy you are going to request.
  • The use you give to your car: if you use your car as a means of school transport or to load with correspondence packages, then think well what policy you are going to ask for.
  • The driver’s place of residence is also analyzed.
  • Car storage place
  • Generalities of the driver such as: age and sex of the driver, the type of car and the insured credit

 

Recommendations

Recommendations

Before hiring your car insurance we recommend you take into account the following points:

  • You have to be aware of the needs that arise as a driver, the utility you give your car and your lifestyle.
  • As it is essential to have an insurance policy you must make a good decision about which one to purchase.
  • It would not be bad good advice from a specialist in each insurer