Monthly Archives: March 2019

What is Loan Consolidation? What to Do When it is not Enough to Repay Installments

Many people in today’s world are deciding to take on various financial obligations. Mortgage loans or loans for consumer purposes are quite fashionable today. Unfortunately, it happens that some people have more than one debt, which means they have problems with the whole of their obligations. For such persons, loan consolidation may be an interesting facilitation.

What is loan consolidation?

What is loan consolidation?

A consolidation loan is a service offered by banks to their clients. It is a commitment that is supposed to make it easier for the client to pay off his liabilities. This applies to debts, such as: cash loans, car loans or home loans. Thanks to the consolidation of loans, all customer’s liabilities are packed into one loan, which is repaid in the form of one fixed installment to the bank. Thanks to such a solution the client has a much clearer situation. Even then, he does not have to wonder where he has what debt. The bank repays its obligations, but in return the customer is obliged to regularly pay the agreed installment of the consolidation loan.

Due to the fact that more and more people fall into the spiral of debt due to recently fashionable short-term loans, the banks also introduced in their offer the possibility of consolidating payday loans with a bank loan.

The consolidation loan installment may be low

The consolidation loan installment may be low

A consolidation loan has several advantages. One of them is the possibility of negotiating the loan installment. The bank may agree to reduce the installment. The installment may be lower than the installment, which resulted from the sum of previous commitments made by the client. However, if the installment is lower, then of course the debt repayment period will be extended accordingly. For those who have become heavily indebted, a consolidation loan can be a great way out. If the installments of their obligations overwhelm their financial capabilities, a consolidation loan may turn out to be a godsend. Remember, however, that such a loan is also an obligation that is not free. The bank charges additional interest and, as a consequence, the debt that will ultimately pay off the client will be higher than previous liabilities.

The bank requires documents

The bank requires documents

Of course, the consolidation loan taken by the bank, just like other loans, is related to a proper X-ray of our financial situation. Not every bank will want to give such a loan. You will need to prepare a number of documents that document our income, economic situation. The credit history will also be important for the bank.

It is worth knowing that consolidation belongs to loans that are difficult to obtain. For this reason, during the loan procedure it is worth supporting with the help of a professional credit advisor, who can do much more than we do ourselves. Thanks to the possibility of negotiating with a decision-maker at the bank, with the help of an intermediary, we have much better chances for a positive decision of the bank and also for saving on consolidation.

Summary

 

A consolidation loan is an interesting solution for people who want to make their lives easier by eliminating many obligations to one. It is also a good solution for people who can not cope financially with their liabilities. However, deciding whether to consolidate loans should be carefully considered. Never make hasty decisions.

Loan with check: fast and secure credit option

Check Loan: Fast and Safe Credit Option

Check Loan: Fast and Safe Credit Option

Check Loan, a fast and secure personal credit option for anyone who is in need of borrowed money. If you are having a certain urgency in getting extra money and you do not have many options at your disposal, using check sheets may be the ideal solution. Do not do not think it’s just take a checkbook and get out by doing loan, the operation requires analysis in most of the financial market, have to be with the name clean and working. Without restriction you can find the best products and conditions offered.

The operation accepts the use of sheets of ” normal check or overdraft “, whatever. Interest rates are not the best, but for those who are looking to take out a loan and can not apply for a payday loan or with a guarantee, this is great. 

Just do a search query through the internet that will soon find you a dozen other financing companies. Returning to the main subject, the personal loan with check is nothing more than a type of fast personal credit, where the client has available financial resources to him quickly and easily and, in many cases enjoys the convenience of accomplishing the financial transaction of his own home, it is possible to make the transaction by phone or by applying for the loan through the internet, directly on the computer.

How does check operation work?

How does check operation work?

The process is as simple as possible, once the customer knows what amount he wants, how amany installments he wants to pay, it only remains to define the payment dates that best fit the budget and leave with the bank or financial the number of leaves check in accordance with the installments established in the contract.

The sheets must be filled with the dates of each maturity to be discounted on the respective dates by the creditor institution. In most financial transactions, the contractor must have a normal, special checkbook, receive a current account salary, or have a bank account. In addition, a bank must be a minimum of 6 months for CLT and 12 months for Autonomous).

All this process is a credit analysis and after the documentation is analyzed, and the loan is approved, the requested amount of the credit will be deposited in the customer’s current account, usually done the same day or the same night.

Loan with check

Loan with check

Usually granted with terms ranging from 3 to 24 times, the basic documentation for the client to submit are: CPF; RG; the last 3 Holars, checks or proof of income; proof of current residence and the check to date. The concessions vary between a minimum loan of R $ 300 and a maximum loan of R $ 15,000. Depending on the Financial involved and the economic profile of the client, the maximum value may be higher.

Who can apply for a loan on the check?

Who can apply for a loan on the check?

The Check Loan is a payment transaction with the use of a pre-dated check, so any person who is of legal age (18) is working, that is, salaried, self-employed, retired, borderless pensioners, civil servants, military the military, medical professionals, lawyers, and taxi drivers get money without difficulty.

Key advantages of using check stubs

Key advantages of using check stubs

The monthly installments of the loan with check are fixed, the client is the one who chooses the best date to pay, the payment term can be in up to 24 months, the application process is facilitated, fast and safe, the interest rates are compatible with the product, interest and deadlines are flexible, the minimum of 3.75% and maximum monthly rate of 8.11% and in most cases up to 60 days to pay the 1st installment, the release of the money is made directly into the account of the applicant.

Crowdlending investments – SME Loan

Crowdlending investments, ie investing in a diversified consumer and SME loan portfolio, are a good alternative to the zero interest rate environment. Nevertheless, institutional investors are still reluctant to invest in this asset class. For example, only a few investors are active in the market, such as Bank Marketys. Mr. Kirks believes that the asset class is underestimated. There are several good reasons why this asset class can be a profit in a balanced portfolio. These points are supported in a new PwC study (1).

Lower volatility

Lower volatility

Due to the monthly returns and the stable return, there is hardly any volatility in the portfolio. Even general interest rate increases have only a minor impact, as the yield structure of the portfolio also moves accordingly due to the possibility of reinvestment. This distinguishes this asset class from other interest rate products.

Low correlation to other asset classes

Low correlation to other asset classes

PwC has calculated the correlation between asset classes based on the US market. It included equities, bonds, treasuries, high yield and crowdlending assets. While interest-bearing assets, such as Treasuries, have partially reversed the stock market, particularly high-yield assets have been found to be somewhat dependent on the stock market. Crowdlending was the only asset class in comparison that showed no significant correlation to other products.

Positive influence on the overall portfolio

Positive influence on the overall portfolio

Due to the low volatility and the very small dependence on other asset classes, the admixture of crowdlending investments improves the sharp ratio of a weighted portfolio. In addition, a balanced model portfolio can improve the overall return. In the calculated example based on the US market (2011 to 2017), the annualized performance increased from 8.6% to 9.00% pa.

We are convinced of the advantages of crowdlending equipment. Therefore, Mr. Kirks offers individual products for institutional investors. We can offer you a tailor-made investment solution for just CHF 1 million with your own ISIN. We are happy to be at your disposal for further information or questions by phone or email.