My WordPress Blog Tue, 23 Apr 2019 22:19:50 +0000 en-US hourly 1 Consumer loans from 5,000 to 500,000 – You can sign with Bank ID Tue, 23 Apr 2019 22:19:50 +0000



What is a consumer loan? When should I raise a consumer loan? These are questions you might need answers to. In this article, we explain to you, among other things, what a consumer loan is, what uses it, and in what situations you should not raise a consumer loan.

In short, a consumer loan is a loan without collateral. This means that when applying for a loan, you do not need to provide assets as collateral to the bank. If the loan were to be defaults, the lender would not be able to sell either housing, car or other assets to cover its receivable. Consumer loans thus entail a higher risk for the bank. It appears from the loan interest.

What are consumer loans used for?

What are consumer loans used for?

Consumer loans can be used for anything. The most common reasons why people raise consumer loans are:

  • When unforeseen expenses arise.
  • When refinancing debt.
  • Upon renovation.

Unforeseen expenses may be, for example, that your car needs repair or the washing machine has failed completely. The vast majority in this country are dependent on both car and washing machine in everyday life. It must therefore be fixed as quickly as possible. If you do not have money for this right away, consumer loans can then be an alternative.

Housing renovation is also a common area of ‚Äč‚Äčapplication for consumer loans. Renovation can cost up to several hundred thousand kroner. Especially if you don’t do it yourself and have to let someone else do the work for you. Those who do not want to live with a tired kitchen or bathroom for years, and who have not saved enough funds for refurbishment, then gladly bring up a consumer loan to pay for the renovation. Although, given the interest costs, the loan is not profitable, many believe that the result after the renovation is worth it.

Consumption loans for refinancing mean that you raise a loan to cover the debts you have from before, but then at lower interest rates.

What does a consumer loan fit for?

All the uses of a consumer loan as mentioned above have one thing in common: the loan is used for the acquisition of assets or other benefits. In other words, you are left with something in the end. The problems with consumer loans occur when you are left with nothing after the money is spent. Examples of what a consumer loan should not be used for are:

  • To serve other debts
  • for general consumption

When it comes to applying for a consumer loan, there are also some minimum requirements for banks. These basic requirements will vary from bank to bank, but the lowest requirement that is made today is that the loan seeker must have reached the age of 18, have fixed income, and not have payment remarks or debt collection cases. Some banks also require that you have income of over NOK. 200,000, or more, while others do not specify minimum income requirements.

Briefly summarized, a consumer loan is a loan you can get granted without lodging any kind of property or property. The best uses for consumer loans are refurbishment, repairs and refinancing of other debt, and you should not raise consumer loans if you are left with nothing in the end.

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Online small loans despite negative entry Fri, 19 Apr 2019 21:36:47 +0000

In the past, borrowers with a negative entry were categorically rejected by most banks. Today, borrowers with a limited credit rating in the form of a negative entry can benefit from numerous loan offers, which often convince even with attractive terms.

In addition to the numerous large commercial banks, online banks on the Internet in particular today offer low-cost online small loans , which offer not only low interest rates but also enormous flexibility. The flexibility of the offers is reflected in the options available in terms of loan amount, term and repayment, in addition, the intended purpose of the borrower can usually be determined individually.

Online small loans are characterized by a simple application and also offer a fast availability. Since more and more banks are offering online small loans , interested consumers should definitely resort to a credit comparison on the Internet before concluding a contract. Today, numerous financial portals in the internet offer free comparison of several offers.

Compare small loans – Borrowers should pay attention to this comparison

Compare small loans - Borrowers should pay attention to this comparison

When comparing multiple loan offerings, cost-conscious borrowers should focus primarily on the effective interest rate. The effective interest rate is usually variable and may be fundamentally dependent on the credit rating, term and loan amount, as well as the repayment. In particular, the credit rating plays a decisive role in determining the effective interest rate. Borrowers who have a high income can also benefit from attractive interest conditions, even with a small loan .

In addition to the credit rating, banks also take credit default risk into account. High credit sums and long maturities are associated with a high credit default risk, which is why many banks are calculating with a significantly higher effective interest rate. If possible, borrowers should always make the loan amount and the term as small as possible, as this can significantly reduce the effective interest rates, but never overestimate their own financial resources.

Particularly short maturities are associated with a high liquidity burden. Small loans prove to be especially against a discretionary loan as a very good alternative. Disposition loans are usually very interest-intensive, whereas small loans – even – can often convince with attractive interest rates.

Online small loans on the Internet compare and reduce the interest costs permanently

For the comparison of several loan offers, credit calculators are recommended. With a loan calculator, cost-conscious consumers can offer several loan offers in terms of term, loan amount, repayment and much more. to compare. By considering individual framework conditions, the search can be quickly restricted and the individual best offers are picked out. Not only is the loan comparison fast, easy and free, it can also be instrumental in keeping loan costs down permanently.

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Consolidation of loan – what you need to know Tue, 16 Apr 2019 23:55:30 +0000


Consolidation of loan

The loan providers offers you the possibility of consolidating several outstanding loans such as a car loan, a consumer loan, a revolving loan or a mortgage … These are detailed in the section “The repurchase of real estate loan with the loan providers” . You can also request additional funding to complete a new project. Read for a critique

With such a purchase of loans, you manage your budget more simply and thus more efficiently. Indeed, it allows you to benefit from a single interlocutor for all loans but also to pay only one monthly payment, whose date, duration and amount are defined according to your needs and your projects . The loan repayment period is between 12 and 172 months while the loan amount can vary between € 1,500 and € 250,000. The fees are negotiable.

This financial product offers you the opportunity to reduce the total amount of your monthly repayments by extending the repayment period. This is a viable solution against overindebtedness.

Each region of France has their own loan providers agencies, each offering different offers according to regional specificities. You can find the offer in your area on the dedicated web page of loan providers.

 Minimum amount borrowed: € 1,500
 Maximum amount borrowed: € 250,000
 Minimum loan period: 12 months
 Maximum loan duration: 172 months
 Application fees: Negotiable

Consolidation of real estate loans

The consolidation of real estate loan loan providers allows homeowners to consolidate all their loans and enjoy the many benefits provided by the grouping of loans: lower monthly payments, contact with a single interlocutor … Your advisor will suggest a fixed or variable rate for your mortgage repurchase. The repayment term of the loan is 15 years.

 Fixed rate for repurchase of mortgage, 4th quarter 2015
 Duration of the 15-year loan consolidation
 Highest rate: Not communicated
 Lowest rate: Not communicated

Practice the fixed or variable rate on the repurchase of mortgage



Loan providers asserts daily its willingness to support all its customers in all their projects. The loan restructuring proposed by the loan providers allows French households to control their debt. Many families have opted for this refinancing solution and have emerged from their problematic situation after a few years. They have even been able to envisage new projects thanks to the adaptation of the monthly payments according to their incomes and the personalized follow-up of one and the same advisor.

The repurchase of loan proposed by the Popular Bank offers you the possibility of paying a single monthly payment generally lower than the sum of the current monthly payments and to define the date of the levy of this one with your adviser.

Proximity being the watchword of this banking group, the online “My loan providers account” allows you, among other things, to contact your advisor, to follow the progress of your refund and the flow of the monthly payment to any moment.

Example of consolidation of loans

For a grouping of loans of € 15,000 and a duration of 60 months at the fixed annual rate of 7.46%, you repay 60 monthly installments of € 300.28. Annual Total Effective Rate (APR) of 8.02%. Booking fees 100 €.

Cost of the optional group borrower insurance: Death, Total and Irreversible Loss of Autonomy (PTIA) insurance, of a monthly amount of € 10.50 which is added to the monthly payment and the total amount due under the insurance on the total duration of the loan: 630,00 €. + Effective annual rate of insurance (TAEA): 1.58%. Total amount owed by the borrower, excluding optional insurance: € 18,116.80.

Example for illustrative purposes and without contractual value.

Simulation of consolidation of loans

Simulation of consolidation of loans

loan providers offers online loan simulation to its customers. This service makes it possible to prepare in advance its request for the consolidation of loans and serves as a guide in the choice of a financing adapted to each situation. It offers you the possibility of calculating your future monthly repayments in order to refine your project independently. This gives you a good overview of your future grouping request. In loan consolidation simulations, loan insurance is rarely included. This insurance, often optional, can be purchased if you feel the need but it may happen that it is imposed in the terms of the contract.

However, it is advisable to make an appointment with a financial advisor of the loan providers to make a more personalized study of your situation, by phone or agency. It is recommended that you go directly to an agency to study your various loans and debts as well as to negotiate certain elements such as the expenses of files. Refer to the “Contacting loan providers customer service” section.

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Information you need to know before taking a loan Fri, 22 Mar 2019 21:37:23 +0000


After finding out your credit rating, you can then search for the best lender . This is a crucial decision as some banks will only lend money to those who have high salaries and good credit. Your chances of success can be enhanced if you seek out a bank that accepts applicants who may have had credit problems earlier. If you are in a good position and can choose between different lenders, it is important that you carefully examine the conditions to find the best interest rate. A fixed rate loan is much better than variable, as you can then plan your finances in the long term, knowing that the amount will remain the same every month until it is repaid.

Once you have found a loan that suits your needs and a suitable lender, it is a good idea to look more closely at the terms of the loan. Many lenders will offer payment protection as an additional service. It costs a small monthly fee, but this protection can be invaluable if you become ill or unemployed. Under these circumstances, this protection will take care of the payments. You should also study what happens if you miss a payment. What responsibilities do you have as a borrower in these circumstances and what is expected of you?

Finally, you should talk to the bank or adviser adviser before and after your credit application. They will give you advice tailored to your personal circumstances. If you are not granted a loan, they may still be able to provide advice or an alternative solution to how you can improve your credit rating so that you have better opportunities for future credit applications.

Increase the chance of getting a loan

Increase the chance of getting a loan

It may be annoying to apply for a loan for the first time. Being exposed to an assessment is always difficult, especially regarding something personal as well as your own financial situation. It can be difficult to know how a financial institution assesses and weighs different tasks in an application and what importance they have for you and your chance to get a loan.

Fortunately, there are a number of things you can do in the lead and loan application process to make everything run as smoothly as possible and improve your chances of being approved.

Make a budget

For medium-sized and larger loans, many lenders attach importance to how the private economy looked during the last three months. For larger loans, it is always a good idea to be able to show off a budget. It shows in good order and whether bills are paid on time and if you can show how the budget has been seen in recent months. Compile all tasks in an Excel, print it out and bring it to the bank.

budget lines

  • Income
  • Fixed expenses such as rent, electricity and telephone bill
  • Possible savings
  • Payment of other loans and credit cards

The longer the history can be presented, the better, but as long as it can show at least three months of orderly finances, it should be enough.

Check your credit rating

If you have any doubts about your creditworthiness, please provide yourself with a credit report. On some websites it is possible to get a report for free, but to get complete information it can cost a few tens.

Apply for the right loan

What is the purpose of the loan? What is it for, how fast do you want to pay back and how big does it need to be? There are small loans from a few thousand dollars and large loans up to SEK 500,000 that can be obtained online. There are loans of one year and loans with repayment periods of up to 14 years. Think about needs and wishes and then do research to see which loans are available and which ones are best for you. A well-balanced amount with a clear purpose shows that you are serious about the loan and you are not just looking for quick cash to set off.

Lenders are often more willing to lend cash if the money is to be used to pay for more expensive loans .

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Car loan with bad credit rating Thu, 21 Feb 2019 23:20:49 +0000


Is it possible to get a car loan despite a bad credit rating?

Is it possible to get a car loan despite a bad credit rating?

It has therefore become easier and cheaper to get a loan for a new or used car for the last ten years.

  • Cheap Car Loan
  • Loan despite poor credit rating
  • Borrow with the car as security

Even those who, in the case of a credit report from credit ratingor other credit information companies, get a bad credit rating can today quickly get a car loan without too much hassle.

The lending industry (especially those lenders that specialize in lending money for car purchases) has grown and the increasing competition has made the offers ever better.

Thus, the interest rate you may pay for borrowing money for a car has become lower and the requirements for approval have become lower.

The only drawback to the fact that there are so many lenders is that it becomes difficult to know which one has the best loan option for you. Nobody wants to pay more than necessary.

Car loan with poor credit rating

In the car and caravan loan segment, there are creditors who also approve those who have a poor credit rating on the paper.

It is also possible to borrow from other private individuals to finance a car purchase. It is considerably easier to get through an application for a small car loan than an unsecured loan for unspecified consumption.

This is due to the fact that the same property that the money will be used for also constitutes security for the loan. Thus, the lender can be sure that if you do not repay the money plus interest, he can get his money back by regaining the asset, which significantly reduces the lender’s risks.

Weak credit rating – car loan?

By taking an internet loan with the car as collateral, it is possible that even for a consumer with a low credit rating get a cheap car loan.

The lender’s loss risk is limited by the fact that the car can be taken back if the borrower does not pay. This means that the customer’s credit rating for an information need not have such a large impact on the conditions that would otherwise be the case.

Undoubtedly, the interest rate will, however, be the interest rate for customers with weak finances or previous payment remarks higher than for ordinary car loans. But the difference is not so dramatic.

Car loans for customers with weak credit ratings have a higher interest rate compared to ordinary loans.

The most important requirement to qualify for car loans with weak credit ratings is your income and your debt ratio. This will also determine the length of the loan.

The lender will want to see that the loan is paid back faster because of the risk and the age of the car. The lender will adapt the loan to your budget so you have the best opportunity to repay it without any problem.

A longer repayment period means less monthly payments. But it also means that the total price you pay for the car will be considerably higher.

It is important not to miss any payments. Too much carelessness can mean that the car is retrieved. A repossessed car that goes for sale always means a loss and that part of the loan will remain.

Cheap car loans

As mentioned above, many lenders offer car loans even though the customer’scredit rating are not the best. This is because they offer loans at higher interest rates and thus make a good deal.

The best way to calm country money for the car is to find the lender that best suits your needs. This is done by contacting one of the lenders we recommend or doing your own search online.

You can contact as many lenders for car loans as you want and request loan offers from them along with qualification requirements. Then you can compare their offers and see which one is best suited for you.

Be careful about making many applications. Each time a credit report is taken, it is registered and becomes visible to other banks and creditors.

Once you have decided which loan option you want to apply for, first make a request with the lender. It is necessary to take certain precautions so as not to unduly attract information. Make sure you meet all requirements.

If you do not meet any of the requirements, ask the lender first if you can qualify after all. Rejecting multiple loans and many requests may adversely affect your credit rating. The next time you apply, you will be in an even worse position than before.

If you need to make multiple applications, try first with lenders trying out applications without uc first.

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Installment loan with a long term – determine the installment amount yourself Wed, 20 Feb 2019 22:55:06 +0000

A long-term installment loan is particularly suitable for purchases that are very expensive. These include, for example, real estate, cars or high-quality facilities for apartments or houses.

A longer term gives the consumer lower loan rates over the entire term of the loan. However, this makes the loan more expensive.

Longer-term loans are available from many financial services providers.

Quick read – in a nutshell

  • Long-term loans keep monthly rates low
  • Thanks to low interest rates, the amortization is not too short
  • Choose yourself – at first without obligation – your term with up to 144 months
  • Apply for your loan now tested safely

Long term installment loan – financing with the bank

Long term installment loan - financing with the bank

For large purchases, consumers often require high installment loan. These loans are provided by banks to their customers.

Installment loan with a long term – and of course low interest rate

Many bank customers often have longstanding business relationships with their bank.

If you want to apply for a long-term installment loan from your bank, you need an appointment with your client advisor. At the appointment, the bank customer must bring a valid ID.

For high-priced purchases should also cost estimates or purchase offers are presented. All data that the customer advisor otherwise requires for the installment loan can be taken from the data set on his computer.

In any case, a remark statement will be obtained and a loan check will be carried out. A loan of up to 10,000 euros is usually covered by the salary.

Bank customers need additional collateral for worse loan conditions. Without these collateral, the bank can reject a long-term installment loan.

Loan comparison – installment loan from the internet

loan comparison - installment loan from the internet

For consumers, installment loans from the Internet are becoming increasingly popular. This can be seen in the fact that now every fourth loan comes from an online or direct bank.

The loans of these banks can be conveniently applied for from home and are also often much cheaper than the offers of many branch banks. However, those who are looking for a cheap installment loan with a long term on the Internet today, need a lot of time manually.

Much easier is the search for an installment loan . On the loan portal, loans from 500 to 120,000 euros can be compared.

Extra long repayment terms of up to 12 years are offered. To help consumers find the right loan offer quickly, provides a loan calculator.

In the loan calculator, the loan amount, the repayment term and the intended use are entered. The consumer immediately receives numerous loan offers that correspond to the information provided above.

After selecting the offer, the loan can be applied for online immediately.

Online and direct banks – observe loan requirements

Consumers who have found a long-term loan on a loan portal are usually redirected to the bank’s website. An easy-to-understand online form is available for the application.

When entering personal information, a remark clause is signed. Thus, the consumer entitles the bank to obtain information.

For online and direct banks, a positive remark and a good loan rating are among the loan requirements. Without these requirements, a loan application will be rejected immediately and without any reason.

However, if the remark is sufficient for a long-term installment loan, the application can be made. To establish identity, institutions use either the videoidentity or the postident process.

The verification of the loanworthiness takes place via the salary statements. These documents are sent to the bank in their original form or as a copy.

If all loan requirements are met, the installment loan with a long term can be transferred to the current account of the applicant.

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