adsmithlor1949.org http://www.adsmithlor1949.org My WordPress Blog Tue, 19 Mar 2019 16:41:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Long-term Loans – is it worth it? Where to take a long-term loan? http://www.adsmithlor1949.org/2019/03/19/long-term-loans-is-it-worth-it-where-to-take-a-long-term-loan/ http://www.adsmithlor1949.org/2019/03/19/long-term-loans-is-it-worth-it-where-to-take-a-long-term-loan/#respond Tue, 19 Mar 2019 16:41:09 +0000 http://www.adsmithlor1949.org/2019/03/19/long-term-loans-is-it-worth-it-where-to-take-a-long-term-loan/

 

Long-term loans are among the most popular ways to obtain a loan from a non-bank outlet. Many of us are at a certain moment entering such a stage of life, when it falls into an uninteresting financial situation. Income grows disproportionately to the needs we have – we need to borrow a certain amount of money. Unfortunately, it is not enough to pay for a small amount with a period of 30 days to repay – what then? A long-term loan was planned for such situations.

Not without reason, when writing about a rescue board for people who need an injection of cash with a repayment period spread over time, we write about loans. Loans, because they often do not have such generous conditions and their conclusion by those in dire need of cash may prove to be a difficult obstacle to overcome. What’s more, we get loans only in bank branches, with numerous formalities, certificates and a considerable waiting time to make a decision.

A loan is defined as something like a financial product that is provided by companies and companies that offer non-banking services. Obtaining it in a lawful establishment also requires several formalities, but it is exorbitantly easier than obtaining a loan. And although the number of customers in the non-banking sector is not growing too fast, analysts are observing a clear increase in the average value of loans. Long-term loans, therefore, can more easily meet the needs of consumers in need, which is the main reason for their dizzying popularity.

Long-term loans – what is it?

On the loan market, the dominant type is, of course, online payday loans. It is obtained in the amount of a relatively small amount, usually in the range of 500 to 2000 PLN. its main condition, which unfortunately turns out to be a serious obstacle for some, is the repayment period, which in most cases amounts to no more than 30 days (a month). As we know, it can be problematic to find resources that we have not been able to find in our budget before. What, then, remains the only sensible way out in a difficult financial situation?

It is worth taking a look at the offers presented by long-term loans. Their award terms are characterized by a much higher maximum amount that we can get, and an incomparably longer repayment period. The first value can be as much as several tens of thousands of zlotys, and the second – even 36 months (3 years). This is undoubtedly the most advantageous type of loan that exists on the Polish market.

Briefly speaking, it is characterized by the following features:

To sum up the above-mentioned information, it is worth summarizing and substantively demonstrating the benefits that lenders set in the context of long-term loans.

  • The speed of obtaining and an incomparably faster decision than in the case of a bank
  • Short waiting time for money – up to 15 minutes by bank transfer, without leaving your home
  • The amount we receive can be used for any purpose
  • The possibility of obtaining a large amount of money
  • Time repayment spread over time
  • Specified, convenient monthly installments
  • Relatively little formalities
  • A simple procedure for obtaining a loan

Momentum and a long-term loan – the basic difference

It is worth adding that comparing payday loans to long-term loans, however, there is a serious flaw in the latter.

Many outlets often provide promotions for the so-called the first free loan for those who take out payday loans. It consists in the fact that the borrower gives exactly what he borrowed earlier. In the case of long-term loans, unfortunately, this is not possible. Everyone has to be aware that the loan will be charged with additional costs added according to the tariff. Their repayment will of course be obligatory and included in the loan installments.

Only the fact that it will be spread over a longer period and in monthly installments can only calm us down as we could feel in a shorter repayment period. That is why taking a financial commitment for a longer period is worth thinking about in a long-term. It is possible to prolong the repayment of a long-term loan, but additional fees are foreseen for this activity. In addition, you must apply for a written application, at the same time remembering that there is a risk of refusal from the lender’s representatives.

Long-term loans that offer the longest loan term

Long-term loans that offer the longest loan term

It is worth taking a look at non-banking institutions that offer the most advantageous – ie the longest and the most-spread loan periods.

The maximum loan period allows us to spread the loan amount into installments appropriate for our budget. In this way, even a long-term loan of a high amount is not a heavy burden on home finances. With the amount of the installment, we can get acquainted on the lender’s website, choosing the loan amount and the loan period that interests us.

Examples of the maximum loan period:

  • Duper Gross – gives us from 2 to 48 months (4 years) for the return of all due money. It does not require from us certificates of income earned. However, it is required to complete the age of 21. Long-term loans are offered for the presentation of an ID card, from PLN 1,000 to PLN 15,000. The first customers can receive less – a maximum of PLN 10,000. In addition, the form offers a payment by check GIRO.
  • Prida Cash – this facility also offers a 48-month (4 years) loan guarantee guaranteeing a minimum of 12 months (2 years). The lender requires us to indicate a guarantor who would take responsibility for our debt if we have a problem with its regular repayment.
  • Cashy Loans – for the offer, in turn, allows the repayment of the loan within 3 to 36 months (3 years). Consumers, regardless of the cooperation period with the lender, can borrow from PLN 800 to PLN 15 000, and the lender verifies their data via the telephone. Debtors’ databases are checked, but they do not require certification of the amount of income earned.

Worth noting offers of long-term loans:

  • Nominent – from PLN 300 to PLN 15 000 with a crediting period from 3 to 36 months. We receive the money immediately on our bank account, and we can make repayments up to a month after we receive the money on our account. If we return the entire amount in a month, in this case we will get a loan for free, at no cost.
  • Cashy Loans – from PLN 800 to PLN 15000 + requirements highlighted above.
  • Duper Gross – from PLN 1000 to PLN 15,000. The current offer is attractive for the borrower – the first free break if its value does not exceed PLN 10,000. The condition is the repayment of this loan within 30 days (month).
  • Profit Loan – from PLN 5,000 to PLN 25,000. When submitting the form, we provide all our data with a phone number, inclusive. The employee calls us back and offers us, in their opinion, an attractive offer. The decision belongs to us. The loan period is, without surprise, 36 months, in turn if necessary it is possible to postpone the repayment period or reduce the installment.

Long-term loans for people who are in debt

Long-term loans for people who are in debt

If we are in debt and we urgently need a loan – good news. It is possible to conclude a long-term loan without the Credit Information Bureau. All lenders are required to check our creditworthiness. however, some do not always take into account whether we have previously paid off our liabilities on time. If our case does not undermine the trust of the non-banking institution, at most an additional security feature such as the guarantor’s declaration may be demanded.

Here are the outlets that negotiate terms with debtors:

  • Prida Cash – the debtor can obtain a loan not exceeding PLN 25,000. Not only the longest loan period is offered, but often it is also declared to help in repaying existing debts. The applicant must meet two important conditions – continuous income and credit history, which will not raise the uncertainty of the non-banking institution.
  • Auto – finance – here, in turn, the debtor can obtain a long-term loan without certification to even PLN 100,000, even if it has a negative credit history. The condition is one – putting it under the penalty of our car. Then, on the basis of the car’s value, a specific loan amount is determined.

Summary

We must remember that even such favorable types of loans as long-term loans require us to appropriately recalculate our financial capabilities and capabilities. We must remember that it is a long-term commitment, which, although it supports our budget for longer, it also involves the lender. It’s worth remembering to pay your installments regularly and remember your interest!

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Payday loan despite low income http://www.adsmithlor1949.org/2019/02/28/payday-loan-despite-low-income/ http://www.adsmithlor1949.org/2019/02/28/payday-loan-despite-low-income/#respond Thu, 28 Feb 2019 12:51:03 +0000 http://www.adsmithlor1949.org/2019/02/28/payday-loan-despite-low-income/

A loan is not indispensable in spite of, but because of a low income. If the regular cash inflows are just enough to cover the cost of living, there are hardly any reserves for purchases that can not be made without borrowing. A loan despite low income is harder to get than a consumer loan at a monthly earnings. However, there are certainly opportunities for credit.

An erroneous statement of income is not a suitable solution to obtain a loan despite low income. This is true even for the rare and only for low amounts existing offers for borrowing without proof of income. These too are linked to the demand for income. Anyone who purposely makes false statements due to the lack of verification must expect serious consequences in case of accidental detection.

What is a low income?

A uniform definition of low earnings does not exist in lending. The regular monthly income of the borrower must be sufficient for the livelihood and for the settlement of the loan installments. This requirement can be met by the applicant chooses a long term for a loan despite low income. This leads to a lower monthly repayment rate and thus facilitates borrowing with a low household income. In addition to repayability, many banks require a labor income that exceeds the seizure-free limit, so that if there is no repayment discipline, they can directly access the salary of a defaulting creditor.

For smaller amounts and longer maturities, it is conceivable that the budgetary accounts would allow loan repayment, while the labor income would be lower than the seizure limit. In this case, low-income borrowers choose a financial institution that satisfies with a positive test of repayment ability and does not insist on an income above the wage-earning limit. It should also be remembered that applicants for a loan often receive extra income despite low income.

These are not valued by many banks as revenue relevant to the revenue and expenditure account. Low-income earners with additional income thus pay attention before submitting the loan application to which financial institutions allow ancillary income to be included in the budget. Corresponding instructions are often only to be read indirectly in the award conditions. The clearest indication is that a bank requests additional income receipts as credit application facilities.

Lending despite low income

The easiest way is to get the credit despite a low income for needed purchases through a dealer. Most shops that offer installment waive the usual sums of money on the presentation of a proof of income and do not ask for the monthly earnings. The installment customer pays attention to the fact that he only enters as many payment obligations as he can reliably serve with his little income. At first glance, the use of the disposition credit also seems appealing in the case of low income.

Most banks require a regular, but not a high income to grant a discretionary framework. Nevertheless, the discretionary loan is not a reasonable solution for a low-income loan, because the interest payable to him are extremely high. Relatively easy to obtain and cheaper than the collection of the current account is a call-off loan. Some consumer banks offer such a loan in a limited amount of mostly three thousand euros for each customer and thus regardless of income. In many cases it is possible to take out a bank loan together with another applicant whose income is higher. Individual banks require an identical address of both customers for joint borrowing.

The provision of a loan guarantee is also possible, but represents the less appreciated form of support by most credit institutions. Their reluctance to provide a loan guarantee is based on the high claims of jurisdiction on their effectiveness, which is limited especially in emotional attachment of the bank client with his guarantor , Careful price comparison is indispensable for every loan despite low income. In addition to a low interest rate, the loan agreement should provide for the right to an occasional installment suspension, so that unexpected household expenses do not lead to repayment difficulties.

The organized personal loan with low income

The organized personal loan with low income

As an alternative to traditional banks, there is an organized private loan for a desired loan, despite low income. The applicant submits his loan request via a platform for the intermediation of credit between private individuals, describing the project to be financed as accurately as possible. He gets the desired loan despite low income paid as soon as the private lenders have drawn the desired loan.

Lending is possible through one or more members. The private loan platforms recommend a detailed specification of the intended use, but do not prescribe them in a binding manner. However, the experience of the users of the respective platforms shows that the most accurate project description is indispensable for a successful private loan application. By far the most private lenders use their drawings to decide less on classic creditworthiness than on whether they want to support a given purpose of credit.

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1000 Euro Payday Loan Simulator http://www.adsmithlor1949.org/2019/02/22/1000-euro-payday-loan-simulator/ http://www.adsmithlor1949.org/2019/02/22/1000-euro-payday-loan-simulator/#respond Fri, 22 Feb 2019 13:27:59 +0000 http://www.adsmithlor1949.org/2019/02/22/1000-euro-payday-loan-simulator/

 

In this article we will see how to use the simulator that we find on the website of Ultranix . This will allow us to calculate the repayment installment of the loans we are interested in. In particular we will take care of small loans of 1,000 euros , analyzing the different solutions proposed and offering you an overview of the treatments offered, so as to allow you to choose the option that is right for you.

Payday loan of 1,000 euros: online simulator

Payday loan of 1,000 euros: online simulator

 As often repeated on our website, Ultranix loans are by far the cheapest in circulation. If you are interested in applying for a loan, then you can not take this company into consideration. There are many loan options that we can request either online or by going to one of the branches whose list is available on the financial website. A very useful service offered on the same website is the online loan simulator .

This allows us to simulate a loan, specifying the characteristics of the same as if we were to make the request. In this way we can immediately know everything that interests us about the product we are interested in, so that we can choose the option among those proposals that is more convenient according to what our needs are. Using the simulator of Ultranix to calculate the repayment installment for any loan is very simple, and the only data that we will have to insert will be the amount we need.

It is important to underline the fact that it is not necessary to be an Ultranix client, nor to register with the company’s website. To know the characteristics of small loans offered by Ultranix, we simulated a loan of 1000 euros , and we reported the results obtained in the following table :

DURATION MONTHLY RATE TAN% TAEG%
6 months 169.55 euros 5.91 6.07
9 months € 113.86 5.90 6.07
12 months 86.02 euros 5.90 6.07
15 months € 69.32 5.91 6.07
18 months 58,19 euros 5.91 6.07
21 months € 50.24 5.91 6.07
24 months 44.28 euros 5.91 6.08

This table allows us to better analyze the loan we are interested in, thanks to the ability to immediately compare the various options available. As can easily be seen from the summary table, the feature that we will have to choose will be the duration of the loan . What we will have to take into account when choosing will obviously be the repayment installment that we will pay each month, which will decrease with the increase in duration. On the other hand, by increasing the number of months in which we will make the repayment, the interests that we will have to pay to the company will be greater.

Insurance for € 1,000 loans: simulation of installment calculation

As we have seen, simulation for loans offered by Ultranix is very simple, and allows us to know immediately what is there to know about the financing of our interest. The amount we need is the only information needed to start the simulation. A question that will also be asked will concern the insurance we can choose to apply or not to our financing.

Securing your loan can be beneficial for several reasons, although obviously the cost we will have to face will be greater. The policy that can be stipulated with the company covers the client in case of death , total permanent disability due to injury , total temporary incapacity from injury and hospitalization due to illness . The following table summarizes the available loan options, again in the case of loans of € 1,000, but with the stipulation of the insurance contract.

DURATION MONTHLY RATE TAN% TAEG%
9 months € 117.62 5.91 6.07
12 months 88.86 euros 5.91 6.07
15 months € 71.61 5.91 6.07
18 months € 60.11 5.91 6.07
21 months € 51.89 5.89 6.06
24 months € 45.74 5.91 6.07

In this case it is immediately clear how, compared to the previous table, the minimum available duration is 9 months. Overall, however, the cost of insurance does not over-modify the characteristics of our loan. The maximum difference in terms of the monthly payment we will pay is found in the case of a reimbursement in 9 months and is only 3.76 euros. Given the low cost, it may be convenient to choose the insurance offered by Ultranix to its customers, in order to be protected in case of unfortunate events.

 

 

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