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Payday Loans

The payday loan – a loan without a bank.

If you want a particularly efficient loan, you can opt for a payday loan.

If you want a particularly efficient loan, you can opt for a personal loan.

This new model of lending is convincing more and more borrowers and offers particularly attractive terms and flexible framework conditions. The payday loan is a loan that is granted by private investors to private borrowers.

In order to use a payday loan, you do not have to make an application to the house bank, but can find offers on the Internet where private investors with a loan to private individuals enable their wishes to be fulfilled.

There are two different options for private loans. On the one hand, the private lender can request information from Schufa, on the other hand, he can also grant the loan based on the current financial situation and present current income notices.

Private loans convince with far more favorable conditions than loans from banks and large credit institutions. The contracts have flexibility and are designed with a particularly favorable effective annual interest rate. For a payday loan you can use renowned portals on the Internet and register here as a borrower.

In the portals you will find numerous investors who grant various levels of personal credit with their investments and thus enable the realization of private projects and wishes.

If you have no collateral, you also have the chance of an attractive loan with a payday loan. For example, private lenders accept the car as a deposit if it is realistic in relation to the loan granted.

payday loan for employee

Personal loan foe employee

There are many options for payday loans and an employee usually receives the desired amount from the private investor. Of course, the loan application must be realistic in relation to the current income and the financial situation of the applicant. The private lender is satisfied with a security in the form of pledging the car or other valuables and has security in the event that the borrower no longer pays the contractually agreed installments.

The borrower can continue to use the pledged objects since they remain with him. The deposit is only redeemed in the event of the borrower’s insolvency and thus used as security for the lender.

The self-employed also have a hard time with payday loans. Since a self-employed person can usually not provide transparent information on a regular income and security of self-employment with a view to the future, credit inquiries from self-employed persons are also rejected for payday loans.

Exceptions can occur, but are rather rare. With the payday loan, employees have a cheap and appealing way to get an attractive loan without having to put up with long waiting times. The payday loan is always applied for online.

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Loans in 1 hour: who to contact.

There are many people who have to meet a sudden economic need and turn to the Web to obtain immediate loans, those who in a few hours, usually during the day or at most 48, are disbursed without long and tiring procedures.

Specifically, the fastest are loans in 1 hour, i.e. those for which within an hour, maximum two, a response is given on the outcome, negative or positive, from the financial company where the request was made. This is particularly advantageous because in the emergency situation in which we find ourselves, it is very important to have the information necessary to know how best to move.

There are very few financial companies that grant loans of this nature and just as few categories of users who can access them. Among the companies most active in this sector, we highlight Finatel and Kìron which are characterized by their particular speed.

Let’s try to understand well together therefore if obtaining loans in 1 hour is more a mirage or is really a real possibility to pursue.

How to request them

How to request them

Although difficult, it is not impossible to obtain loans in 1 hour. Certainly it must be said that in order to hope to access immediate loans of this type, it is compulsory to contact the Web and request online financing, because having to physically go to the branch of a credit agency necessarily entails that procedural practices are lengthened and prevent the disbursement of the requested sum within a few hours.

Another attention that must be paid when aiming to have access to immediate loans is in the preparation of the documents to be attached, documentation which must be able to demonstrate without a shadow of a doubt the applicant’s income capacity in order to facilitate and facilitate the control phases to which the financial submit all requests for funding they receive.

Who can request them

Who can request them

The documentation, even if complete, however, may not be sufficient to be able to obtain such a fast loan because no matter how quick the checks that have to be carried out, it is still necessary some time to interrogate all the bad pay databases to which the applicant could be enrolled.

For these types of users, it is probably preferable to request a transfer of the fifth on the salary or pension, that type of financing reserved for workers (civil servants, state employees, private individuals) or pensioners.

In order to obtain this type of loan it is not necessary to have an immaculate credit reputation and it is sufficient to present the paycheck of the company where you work and the salary certificate correctly completed by the employer on which the part of the net salary is reported which can be dedicated to the repayment of the loan.

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Loans 60 months – How to do an online simulation?

 

The terms granted for the repayment of a loan can range from a minimum of 6 months to a maximum of 10 years. The 60-month loans are among the most popular as accessibility, above all thanks to a fairly close bond that they maintained for a long period with the assignment of the fifth. In fact, 2005 and subsequent amendments are due to the introduction of the possibility of choosing any duration for the assignment of the fifth, as long as between 24 and 120 installments.

In terms of personal loans, the duration of 5 years (or 60 months) is usually available, except for those forms of loan designed to last a short time because they are linked to reduced amounts. Even for finalized loans, the possibility of being able to choose a 60-installment plan is often at the center of interesting offers, especially in some sectors such as the car and furniture sectors, considering the rather high amounts that must be requested to purchase these products.

Economic characteristics and conditions

Economic characteristics and conditions

For 60-month loans, a distinction must be made in two sectors: loan assignment loans and other personal and finalized loans. Within the latter category we find those connected to the amount requested and those released. For these two types, the differences on interest, on the amount of the installment and on the rates applied can be considerable.

5-year financing: better the transfer or a ‘traditional’ loan?

First let’s go to see the peculiarities that characterize a transfer of the fifth to 60 months. The first is related to the possibility of renewal before the contract expires. Unlike general personal loans, when you want to renew the assignment of the fifth, you must have reached a minimum repayment percentage equal to 40% of the remaining term. However, if a transfer of the fifth with a maximum duration of not more than 60 months has been made and you want to make a renewal to pass to a ten-year period, you will not have to respect any refund quota already made but it can be requested at any time.

Furthermore, even today, for the long-term loans ex Inpdap to finance some specific needs (such as car purchase, birth of a child, wedding, funeral, ceremony, etc.), the 60-month version will have to be chosen for the 10-month version. years is related to other types of motivation.

As for the other personal and finalized loans, this time horizon allows to identify many alternatives, present both in the traditional offer and in the online one. Obviously for the latter it becomes much easier to make a calculation or a simulation, to decide whether to move to a quote and possibly to the actual loan request.

However, we would like to remind you that the estimate is not binding in any way and does not lead to a notification in the system of a pending loan request. Not only that, it represents an indispensable step to fully understand the convenience of one loan compared to another and to allow you to carefully evaluate the sustainability of the installment in light of all the commitments that are already in progress.

Loan Spin Lender, Across Lender and Lite Lender Company

Loan Spin Lender, Across Lender and Lite Lender Company

Spin Lender and Lite Lender Company offer a service to guarantee a quick online calculation but with different conditions not only on the side of the rates applied. If Spin Lender allows to release the amount required by the duration, Lite Lender Company instead maintains precisely this type of bond (for example for low sums it will be difficult to obtain an amortization plan of the maximum expected duration or the 120 installments). However, the 60 installments will almost always be available for low, medium and high amounts.

Simulation 1

We consider a request of 20 thousand USD to be returned in 60 months.

Based on these parameters, with the calculation made on 26-09-2017 on the official Lite Lender Company website, we will have an installment of $ 409.90 with a 8.45% Tan and a 8.79% Taeg.

If we go to consider the offer of Spin Lender instead we will find ourselves in a situation with an installment of 403 USD with Tan 6.91% and Taeg 8.30% (Source: Spin Lender official website – survey date 30/09/2017)

A simulation of this type allows us to understand the weight of ancillary costs given the gap between Tan and Taeg.

Simulation 2

The second example takes as reference a sum of 10 thousand USD to be returned in 60 months. With these conditions we also consider Across Lender.

    1. Spin Lender: installment from 192.10 USD a Tan 4.92% and Taeg 6.45% (Source: Spin Lender official website – survey date 30/09/2017)
    2. Lite Lender Company: installment 194.50 USD a Tan 6.25% and taeg 6.43% (Source: Lite Lender Company official site – survey date 30/09/2017)
    3. Across Lender: installment of 198.01 USD, Tan 7% and Taeg 7.29%. (Source: Across Lender official website – survey date 30/09/2017)

It is therefore evident that for an intermediate duration, as in the case of 60 installments, the differences in the economic conditions on the rates applied become significant with the decrease of the amount, reaching almost 2% less if the requested sum is halved.

Beyond the calculation that can be conditioned by the conditions and rates of the moment, these differences must be carefully assessed, pushing to request the “right” sum (that is the one that is actually needed) and not to extend the duration of the amortization plan more than necessary

Conclusions

Conclusions

The choice that can be encountered when looking for loans to be repaid in 60 installments is wide, going through almost every type of loan, from the assignment of the fifth to the loan aimed at buying a car, even passing through a mortgage. On the other hand, many more evaluations must be made starting from the calculation and / or simulation phase, recommended even before arriving at the actual request for a quote.

Unfortunately, this possibility is not offered by all banks and all financial companies. The problem can be solved by using independent calculators, while paying attention to the rate policy that that company applies. As regards sustainability, on the other hand, the amount of the installment must always be assessed solely on the basis of one’s economic availability, except in the case of the assignment of the fifth where the installment and income ratio by law is tied to the amount of the net income received in average per month.

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Transfer of the fifth 10,000 USD and personal loan.

The personal loan family is large and also includes the assignment of the fifth. This, like other non-finalized loans, has the advantage of not needing to give explanations or justifications to the lending bank to obtain the requested sum. But how does it differ from all other personal loans?

  1. the income installment ratio: this is established by law, without the possibility of derogations, from one fifth of the salary or pension;
  2. the categories of subjects who can request it: public / private employees and pensioners;
  3. the possibility of access also to protestors and bad payers.

What is the amount that can be obtained more easily?

If you are looking for a small loan (understood as a small amount) you are aware that the requested sum will not necessarily be granted, but that it will still be easier to obtain than higher amounts. It is no coincidence that some banks segment the offer of their loans into various tranches based on the amounts to be requested: an example is Cream Bank with the Small loan up to $ 10,000 and Large from 10 thousand to 30 thousand USD.

For the assignment of the fifth, there is no such kind of “prudence” precisely because the installment ratio will act as a ‘reference’ which, as already mentioned, is fixed by law and is equal to 20% of the salary or net pension monthly. So if we think we can more easily obtain a transfer of the fifth 10,000 USD compared to a larger one, we are on the wrong track.

In summary, in fact, the total amount with this type of financing will be conditioned:

  • from the income installment ratio: the amount of the monthly commitment cannot exceed 20% of the net income received;
  • from the chosen duration.

Precisely for this reason, even in the case of the transfer of the fifth, it is necessary to pay attention to the interest rates applied. Indeed, given that generally one assignment of the fifth can also be repaid in 120 installments (without prejudice to personal data limits), the impact of interest expense could be high.

How to get online quotes

How to get online quotes

Online loans allow you to take advantage of the installment calculators, or calculation tools through which you can find the most convenient or sustainable installment to be repaid, and then go directly to the display of the quote: all this does not require registration or filling in forms with own data.

With the transfer of the fifth, however, this aspect is lost. Even in the case of online financial notes such as Good Finance, we immediately realize that the use of the installment calculator is not possible and that you will have to go directly to the request for the non-binding estimate. Let’s take a practical example:

    • Suppose we need to request a transfer of the fifth for 10,000 USD with Good Finance.
    • Selecting the button that sends us to the request for a quote we will find ourselves in front of this page:
  • Going forward you will have to fill in the various pages, with the required data such as personal data, work, etc. It is good to note, however, that it is specified that this is a non-binding quote request;
  • At this point the estimate is obtained directly

This practice is common to many other financials or banks although there may be differences. For example with Unicredit it is necessary to make an appointment at the branch while with Best Bank you will be called back by a consultant on the number entered in the request phase of the quote itself.

Who to ask for quotes?

Who to ask for quotes?

It is clear that as regards a transfer of the fifth of the salary or transfer of the fifth of the pension, the procedure through consultant is considered a cornerstone by any possible bank, financial or brokerage company. The only small annoyance is therefore that of having to turn to various ‘consultants’ before being able to choose the proposal that seems most convenient.

This difficulty can be overcome by taking advantage of some specialized marketplaces, or sites where it is possible to leave your main data to allow the various ‘adhering’ consultants to make more estimates with a single request. In this respect, the Capital Lender service may be interesting. Let’s see how it works:

    • To use the market place, just register and enter the main data (obtainable from the image below).
  • Once this is done, you will have to wait for the arrival of the various estimates (maximum 5) and then evaluate every single proposal from the various consultants and choose the one you prefer. At this point it is possible to proceed with the proposal deemed best, having already communicated the fundamental data and avoiding both the proposer and the potential customer to waste precious time.
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Bank credit – How much does it cost to go red in the current account.

We know well by now how all banking and financial institutions work every day with innovative proposals and products to always attract new customers. From increasingly flexible loans to smart current accounts. However, there is also another tool available to banks to meet customers: bank credit. Let’s find out the characteristics of a Cream Bank loan (the online bank headed by Best Bank) and how much it suits customers.

Difference between credit and loan and Cream Bank credit terms

Difference between credit and <a href=loan and Cream Bank credit terms” width=”660″ height=”660″ />

Let’s start by saying that a credit line consists of a sum of money that is made available by the bank to its own account holder (private citizen or company) when the latter is in the red! To be clearer, the credit line represents the maximum amount that can be used by a current account holder beyond his / her availability on the current account: for example if I have a credit line of 2000 USD and the account balance is 500 USD, I could use the liquidity on the current account for a total of 2500 USD.

The fundamental difference between the credit line and the loan consists in the fact that in the credit line, interest is paid only on the sums used, and for the period of their use. To these must be added some other items of “expenditure” related to the making available of the credit facility itself. Subsequently withdrawals and payments can be managed freely, always within the limits of that amount.

In the case of Cream Bank, there is talk of a maximum of double the net of the credited salary, up to 5,000 USD . In addition, absolutely nothing is paid for funds availability commissions, as well as for the preliminary and credit renewal expenses. As for the interest rates applied: the Tan is at 4.5%, while the Taeg reaches 4.94%. The request for opening and the granting of the Cream Bank credit will always remain free. To be able to apply for a loan, you do not have to go to a Bpm branch but everything is managed online from the personal area of ​​your bank account, always strictly at a distance, thanks to the use of the digital signature.

Requirements and term of the credit line

Requirements and term of the credit line

To qualify for a Cream Bank credit, certain requirements are required. The main one is to have had a Cream Bank account active for at least 6 months. You must then have ordered the continuous crediting of the salary for at least 3 months.

As regards the duration, then, it is necessary to know that the credit limit remains valid as long as the crediting of the salary is maintained. If you want to give a practical example: if you request a credit line for three months and you take advantage of a sum of about 1,500 USD per month, the sum to be paid will be equal to 16.88 USD.

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What are the lowest interest rate loans?

Getting into debt can be a big problem for your financial health, isn’t it? If you need the money and are thinking of visiting your manager, it is important to know the different lines of financing offered by banks.

Therefore, a good solution is to apply for a loan with a lower interest rate – thus, it becomes even easier to organize financially.

Choosing the type of loan that best suits your needs can result in good money savings. After all, requesting it can be a complicated task and turn into debt even greater than the one you had initially. So, this is an attitude that should only be taken as a last resort.

Thinking about the importance of this theme, we prepared this post. Throughout the text, you will discover which are the loans with a lower interest rate and their main advantages. Come on?

How do loan interest rates work?

cash

When applying for a loan, few people seek to understand the fees and charges embedded in the transaction, in addition to interest. For this reason, it is very important to opt for credit lines with lower interest rates.

Easy access to credit and a lack of knowledge about how interest rates work are primarily responsible for the increase in the number of indebted people. Therefore, before signing the contract, it is necessary to be aware of the conditions offered by your bank. This will give you autonomy, in addition to helping you choose the loan and the institution better.

But, after all, how do loan interest rates work? This is the question of many people. They are basically composed of three values: the customer’s acquisition cost, the investor’s rate of return and the cost of the sale.

However, within this calculation, the financial institution may consider other factors, such as credit and market risk.

Therefore, the amount of the interest rate embedded in the loan is charged to protect the bank from possible contingencies that may arise up to the total settlement of the amount – and the greater the risk of default, the higher the fee charged for the money borrowed.

What are the lowest interest rate loan options?

money

The variety of loans available on the market is very tempting, but there are a number of clauses in the contract that must be carefully evaluated in order to meet your needs and take the rope off your neck without making your debts snowball. .

Despite this diversity, it is essential to know how all types of loans work, in order to find the one most compatible with your financial profile.

Below are the loan options with the lowest interest rate and their main features.

Personal loan

Personal loan

A personal loan is a great option for individuals who are paying higher interest on the overdraft or revolving credit card. In addition, it is also an alternative when an unforeseen event arises and you do not have an emergency reserve.

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Why should I apply for a loan from online banks.

 

In recent years, a phenomenon has been taking place in the banking world that is slowly acquiring more and more loyal people: that of online banks. These are banks, equipped with all the tools and services of a traditional bank, but with the difference that full online operations are guaranteed (although in many cases it is possible to go to the branch anyway).

Everything takes place online, resulting in lower costs and greater advantage for customers. Among the services that can be obtained in an online bank there are also those of personal loans. Let’s find out which are the most convenient loans from online banks taking into consideration both foreign banks such as Spin Lender and Italian ones such as Infrabank.

When they happen in collaboration with financials

When they happen in collaboration with financials

One of the most used online bank loans is Infrabank! It allows the customer to obtain up to 30,000 USD refundable up to a maximum of 84 months. The special feature of Infrabank’s personal loan! is to be created in collaboration with the financial Copy Lender. As an indication, on an average loan of $ 5,000, rates are APR at 11.29% inclusive of interest and Fixed TAN at 9.49%.

Continuing our overview of online bank loans, we can remember that of Cream Bank!. The online bank of Across Lender, Lite Lender Company group offers customers different types of personal loans: one of the most interesting is the Hello loan! Project, which can be requested and obtained entirely online, through a digital signature. The advantage over other loans is that it is very fast and effective.

Most popular

Most popular

One of the most popular online bank loans is the “Orange Loan”, a personal loan made available by the Spin Lender online bank that allows maximum flexibility, with the possibility of disbursing amounts from 3,000 to 30,000 USD repayable with personalized plans. from 12 to 84 monthly installments.

In addition, this type of online loan does not entail ancillary costs for the customer (for example, opening and management of the file, stamp duties, etc.) and has rates all in all on average: on an amount of 10,000 USD the fixed Tan is at 7, 95 and the Taeg at 8.36%.

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Vehicle as a guarantee of debt: why hire a company?

The indebtedness scenario has been recurrent in the routine of most Brazilians. The consequence of this adversity is the search for quick solutions, however harmful to the financial health of both the family and the business.

If you are thinking of giving your vehicle a debt guarantee, we suggest that you carefully analyze the alternatives present in the market.

It is not uncommon that, in their eagerness to resolve the issue, people turn to friends or loan sharks for loans. Know that this choice is not usually the right one!

Therefore, in this post, we will highlight the importance of seeking these solutions in companies that operate in a solid and consistent manner in the market. Continue reading and understand better!

Why shouldn’t we take a loan from loan sharks?

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Moneylending is a very risky alternative to obtaining a loan. Because it is a practice that is outside the market regulations, it often causes even greater losses to the policyholder.

The loan made by loan sharks is a crime against the financial system. However, indebtedness and the difficulty of obtaining credit approval have led the consumer to accept high-interest rates that can reach 100% of the amount borrowed in this case.

In addition, as we have already highlighted at the beginning of this topic, moneylenders operate in parallel with the financial market, which allows them to create their own regulations. To make you even more convinced not to resort to this option, learn about some recurring practices in this segment:

  • the guarantees requested are greater than the amount borrowed;
  • impossibility of debt renegotiation;
  • collection methods are often violent;
  • unilateral changes to the agreed terms may occur;
  • inability to file a lawsuit to review contractual terms.

No matter how difficult it is to get a line of credit compatible with your family or company budget, it is not recommended to take loan from loan sharks. So research and carefully analyze your options before making any decisions.

In order to provide more information on the paths that must be followed to pay your debts safely, we recommend that you check out the sequence of this article. In the next topic, we will work on another type of loan that needs to be avoided.

Why isn’t it healthy to get money from friends?

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“Friends, friends; separate business ”. The saying teaches us the importance of not mixing friendship with business. Given this, borrowing money from a friend can put into question a relationship that, many times, started in childhood.

From the perspective of legality, it is perfectly feasible to make a loan between individuals. However, in order to avoid questions about the suitability of the negotiation, it is recommended to adopt some precautions. See some of them below:

  • the interest charged cannot exceed the constitutional limit of 12% per year;
  • the monetary correction must be linked to some official index (usually the IGP-M);
  • a contract must be drawn up with forecasts that benefit the parties equally;
  • the guarantee provided by the policyholder can be either a vehicle or a property.

Even though legal issues are observed, we know that the risk of default is considerable compared to obtaining a loan through a financial institution. In addition to financial losses, this mandatory non-compliance can certainly compromise friendship.

So, if you need to pay off your debts with the overdraft or get working capital for your company’s activities, keep in mind that there is a range of other possibilities. Therefore, follow the last topic of this article and discover the ideal solution.

Why bet on a company when applying for a loan?

money

In the previous topics, we highlighted the loan modalities through the practice of loan sharking, as well as the possibility of obtaining a value to resolve late payment by suppliers through the modality between individuals. Learn now why we recommend taking out a loan with a company.

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Loans 120 months – How to evaluate a convenient loan?

A long duration for funding can be both an advantage and a disadvantage at the same time. If on the one hand being able to repay loans in 120 months is easier for the sustainability of the installment, on the other hand it will force us to pay a much higher amount of interest than for equal amounts and shorter durations.

We are also called upon to choose above all specific types of loans such as consolidation loans or transfers of the fifth. While for the request of a personal loan that does not fall into these two categories, the number of banks offering a 10-year amortization plan is rather small.

Loans in 10 years: when is it obtained with certainty?

Loans in 10 years: when is it obtained with certainty?

As mentioned above, there are only two types of loans for 120 months, ie with a “certain” repayment term of ten years. These are two loans that have been more or less accurately regulated by the same legislator, namely the consolidation loan that was created to help those who already have loans in progress and want to reorganize them by combining the various installments into one and the transfer of the fifth for which two possible “durations” of 60 or 120 months have been decided.

Obviously for both types, these are “maximum” durations because the determination of the amortization schedule cannot be separated from the applicant’s age. To better understand this concept let’s take an example:

  • the applicant is 45 years old: he can apply for a loan with a duration of 120 installments;
  • the applicant is 70 years old: if the bank to which he applies provides for a maximum age equal to or greater than at least 80 years, then he can obtain a ten-year amortization plan; if, on the other hand, the maximum age is 75, then at most, you can expect a repayment in 60 installments.

From this point of view, it is very important when choosing, especially if you are looking for loans for 120 months, to focus on the financial ones or banks that apply longer durations. For example with Spin Lender there are no particular limitations for reaching a ten-year repayment (not being linked to the requested amount), but the maximum personal age is 75 years.

With Lite Lender Company, thanks to the policy of the Best bank which belongs to the same group, up to 90 years of age are obtained, but the duration is also linked to the amount requested: for low amounts the durations are short, while only for high amounts close to the 60 thousand USD can be aspired to for a duration of 120 months (always in the context of personal loans).

Convenience and durability

It goes without saying that to mitigate the impact of interest expense that will inevitably weigh more for longer durations, it is necessary to choose loans with lower rates or preferably that decrease as Tan with increasing duration. To better understand this aspect, it is sufficient to ask for two or three quotes with a duration of for example 120 months, 60 months and 84 months. In this way, the comparison both as interest income and as rates actually applied becomes very easy.

Particular attention must be paid to fixed rate products (always intended as Tan). In fact, with increasing duration, the effect on the Taeg becomes particularly heavy, even if from a psychological point of view one feels reassured by the wording of the “fixed tan”. Finally, it should be stressed that there are very few cases in which variable rates are applied and generally these are loans with a duration of over 120 months.

Examples
To make a sort of classification of “typical” credit policies, let’s see some examples of conditions, remembering that rates obviously change over time and that therefore they are only models to be used to be able to choose more consciously:

  • Infra bank : the maximum amount that can be obtained is 30 thousand USD and the amortization plan ranges from 24 to 120 months. The investigation costs applied are variable and the estimated delivery times are 20 days. The reimbursement must end within 75 years of age;
  • Cream bank has a fixed rate for the duration that is chosen. To be able to get up to 120 months of repayment you have to choose the Large type which starts from over 10 thousand USD in amount to reach up to a maximum of 30 thousand USD. There are no preliminary costs. Furthermore, if you credit the salary to the current account, you get a discount on the finished rate of 0.8%. However, the funding must be paid off within 70 years at the latest;
  • Spin Lender allows you to get up to a maximum of 30 thousand USD, with the rate decreasing slightly with the duration. What makes the loan from the Across Lender finance company very popular is the fact that even for small amounts, the possibility of obtaining the ten-year duration is provided. Functional the presence of options that make the management of financing more flexible;
  • With Fine bank you can have “similar” effects in terms of flexibility with the version of the Spin Lender Top that allows you to get up to 75 thousand USD repayable up to 10 years. The maximum age on expiry must be 85 years;
  • Copy Lender : the Cream Bank also offers this duration within its own line called Easy and precisely in the case of the db Easy Ristruttura version. The maximum amount proposed is 30 thousand USD.

Conclusions

Conclusions

The choice to apply for loans to be repaid in 120 months should only concern fairly large amounts. The criterion to be used, however, is that of the sustainability of the installment: when making a simulation or requesting a quote, it is necessary to opt for the installment / duration ratio which stops slightly before the sustainability threshold without efforts of the amount to be reimbursed.

If a consolidation loan is to be chosen, the amount should be less than the sum of the installments already in progress. In this case, the possibility of going up to 120 installments must be carefully calculated taking into account the loans that we have already repaid for at least half of them.