My WordPress Blog Fri, 08 Mar 2019 13:38:09 +0000 en-US hourly 1 Payday loan: 4000 euro credit Fri, 08 Mar 2019 13:38:09 +0000 Read More ]]>

A 4000 euro loan is offered by many banks. The maturities and the monthly loan rates are very different. Due to the large number of offers, it is advisable to make a comparison and only then to decide on a loan.

Credit Comparison 

4000 euros is a loan amount that is very often in demand. There are many consumer goods that can be financed with it. For example, one might think of a direction of home or a used car. In the latter case, you can take out a car loan that is expressly earmarked. Other installment credits are usually available at leisure.

In a credit comparison, you should include as many banks as possible. You have essentially two options. You can study the offers of various banks at your location or use a credit comparison portal on the Internet. The last-mentioned variant has a whole series of advantages. Thus, a comparison on the Internet is much faster and you will receive significantly more offers presented, which you can compare in peace with each other. Ideally, you use a comparison calculator that is integrated into many credit comparison portals. Here you only have to enter the desired loan amount, the purpose, the duration and the amount of the monthly loan installment. Then you not only get a list of banks and private lenders offering a $ 4,000 loan,

credit conditions

If you would like to receive a loan from a German bank, you must be able to prove that you have a regular income on the one hand and positive private credit information on the other hand. If only one of these two conditions is not met, it becomes difficult with the credit. A rejection is often the result, if the income is insufficient or if there are negative private credit entries. In this case you do not have to give up your request for a 4000 euro credit, but can look for an alternative. Among other things, you have the option of contacting a private credit intermediary who can help you find a suitable loan for you. Even private or foreign lenders who do not request private credit information are eligible as potential lenders.

The credit requirements are sometimes considerably different. This applies not least to private lenders who can come from their own friends, relatives or friends. There is also the option of obtaining a personal loan through a credit intermediation portal on the Internet. Private lenders can largely decide for themselves under what conditions they would like to grant credit.

Banks, savings banks and cooperative banks

All banks based in Germany require a private credit information from their customers. This is true not only if you have a installment loan but also if you want to get a credit line on the checking account. private credit information is an important criterion by which the creditworthiness of the customer can be assessed. It is always obtained after a loan application has been received by the bank.

If a loan of 4,000 euros can be approved, the bank pays out the loan in one amount. This means that you will receive the full amount of money in your checking account. The repayment begins at the time that has been contractually agreed. Uniform monthly repayment installments must be paid over the entire term. The final rate may well be different from the other rates.

dealer loans

dealer loans

Dealer loans can be taken in the dealership, in the furniture store or at a comparable institution. Here larger consumer goods are financed directly by the provider and not by the bank. This has the advantage that a 4000 euro loan can often be given on very favorable terms and with low interest rates. Under certain and temporary special promotions, even zero-percent financing may be possible.

The requirements for personal creditworthiness are often slightly lower for a dealer loan than for a bank loan. This is essentially due to the fact that the € 4,000 loan is a concrete value and that the goods remain the property of their dealer until they are fully paid by the customer.

Foreign loans and personal loans

Foreign loans and personal loans

Foreign banks can grant a 4000 Euro credit to Germans if they meet the requirements. Abroad, a private credit information does not matter. For this reason, income is often the only criterion that can be used to assess creditworthiness. It must necessarily result from a job and be paid regularly. In addition, it should have a height of at least 1100 euros per month. Otherwise, there is not enough room for payment of monthly loan installments. The statutory seizure free limit must be exceeded with the income in any case. This is the condition that the bank can access the income if the borrower falls significantly behind with the payment of monthly loan installments.

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Continuous loan Thu, 31 Jan 2019 12:52:42 +0000 Read More ]]>

If you expect to need extra money for an extended period of time, you can opt to take out a revolving loan. For example, to pay for your child’s study. What a revolving loan is, what its specifics are and the advantages and disadvantages we have selected for you.

What is a revolving loan?

Continuous loan is also called DK by the financial world. A revolving loan is a loan, where you can withdraw the agreed maximum amount in one go, or in parts. So for example when you expect to need money, but do not know exactly how much. Or if you want to be able to cope with unforeseen expenses.

This loan form, in contrast to mortgage loan, falls into the consumer loan category. Just like a personal loan or purchase on installment. It is therefore intended for the purchase of consumer goods, such as a car, stuff for the baby room, study books or a new television.

For whom is a revolving loan convenient?

A revolving loan can be useful for people who know that they need a regular and recurring money. Consider, for example, the study of your daughter, of which you do not yet know how much you actually need. The minimum and maximum term for a revolving loan differ per lender.

Do you prefer more certainty about the term or the interest ? Then a revolving loan is less suitable for you. Or do you already know exactly what you want to spend and are you not planning to withdraw money after that? Then you might also be better off choosing another type of loan.

The loan amount with a revolving loan

Together with the lender you agree on a maximum loan amount. You can decide to withdraw the amount in one go, for example because you need everything for the construction of your new garden. Or, if you first need a part for the study of your daughter to purchase the study books, you can also record a part. With many lenders it is true that after a certain age you get a lower loan limit, so that the outstanding amount is repaid at a certain age.

The theoretical term with revolving loan

As soon as you withdraw the money, or part of it, you start paying off. The repayment amount is at least 1% of the loan amount and is calculated on the basis of a theoretical term, for example 60 months. The term is theoretical, because you can withdraw money every time until your loan limit has been reached and can be repaid in the interim.

Suppose you have a loan for € 5,000 and you have used € 2,000 of that, you can always withdraw the remaining € 3,000 at any time. Did you use the full € 5,000, but did you also pay off € 2,000 again? Then you can also withdraw the redeemed € 2,000 if you need it. So you can imagine that a revolving loan can go through a long time.

If you want to redeem the loan earlier and faster, you can opt to deposit an extra amount in addition to the monthly payment on your revolving loan. You can do this without penalty. That is not the case with all other forms of lending. So do you have a little more to spend? Then you might consider paying off some extra in the meantime.

Variable interest rates with a revolving loan

As with any loan form, you pay interest on your revolving loan. With a revolving loan the interest is always variable. This means that your interest can vary each month. You pay a fixed amount to the repayment every month, but the interest component can therefore vary monthly in terms of height. As a result, it is not possible to say in advance how long you will be willing to pay off your loan. Because with low interest rates it will go faster than with a high interest rate. You also have your own hands when you have completely repaid your loan. If you withdraw an amount over and over again, this goes slower than if you withdraw an amount once and then redeem.

The interest is determined with a revolving loan on the basis of:

  • The purchase costs of the loan passed through;
  • Profit margin storage;
  • The risk storage;
  • The maximum amount of the loan to be withdrawn;
  • The amount of the loan.

If one of the above items changes in height, your lender may also change the interest. It is therefore an uncertain form of borrowing, you never know in advance what it will do. Does the interest change? Then this will be communicated to you.

Monthly amount of a revolving loan

The monthly amount of a revolving loan always consists of repayment and interest. Is the interest high? Then you pay more interest and you pay less. This ensures that the term of the repayment is also longer. And vice versa, at lower interest rates you pay less interest and your redemption part is larger.

Benefits of a revolving loan

If in certain situations you occasionally need some extra money, a revolving loan can be useful. The other benefits:

  • It is flexible, because you do not have to include the entire amount of loan in one go and you can also re-enter the redeemed part.
  • You only pay interest on the part you have recorded, so not on the entire amount if you did not include it.
  • If you no longer want loan, you can always repay the revolving loan free of charge in one go or in parts.

Disadvantages of a revolving loan

Every advantage also has its disadvantage. It is wise to keep this in mind also, if you plan to take out a revolving loan.

  • Many people never complete a continuous loan. It is very tempting to constantly have extra money at your disposal. People often take back the redeemed amount or part of it later.
  • You do not know exactly in advance how long you are paying off, because of the varying interest rate, the amount that you pay off monthly varies. The higher the interest rate, the smaller the monthly repayment part.
  • You can not deduct the interest from the tax, as opposed to the interest on a personal loan, under certain conditions.

For people who prefer security on a loan, a revolving loan is not so suitable.

Pay a revolving loan

If you have paid the remaining outstanding amount of the revolving loan and will no longer use it in the future, you must cancel the revolving loan. You do this in writing, also mention your contract number. You will then receive a confirmation and an overview of the interest paid for the current year. The interest still due is automatically debited and the loan is canceled at the BKR .

What happens in case of death and the outstanding debt of the revolving loan?

You probably do not want to think about it, but what happens to your outstanding debt of your revolving loan when you die? You do not want your children to be the victim of it. It differs per loan provider how it is handled. For example, there is the possibility to take out a ‘Survivor protection’ via your intermediary. The survivors are then, under certain conditions, protected against your outstanding debt. The maximum amount that is waived is fixed, so it may be that your survivors still have to pay an amount. These options do not apply to all lenders, so it is always good to be informed before you close the loan.

The survivors must always report the death to the lender. The lender is a loanor after the death. This may not recover the debts within the first 3 months. That is regulated by law. For example, your children or partner will not be ‘bothered’ by the lender with the amount still to be paid.

Insight into your revolving loan

With a revolving loan you can quickly lose the overview. How many have you already included, how much have you already paid off and how much can you still withdraw? Fortunately, you receive an overview every month or quarter, depending on your provider. This indicates the loan margin, the total interest paid over the current year, the paid monthly installments, interest and the outstanding balance. And when the year is over, you get an overview in the new year of your total interest paid for the year.

Convert your ongoing loan

A high interest rate often applies to many revolving loans. Do you want to make sure you pay a lower interest rate on your loan? Our financial assistants from the current loans / loans department are happy to help you to see if you can save. That way they can convert the loan for you into a loan with lower interest rates. They can also provide you with expert advice, so you know that it is well organized!


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Loans for New Employees How to do? 3 Ways to Get It! Request It Now! Fri, 28 Dec 2018 01:17:27 +0000 Read More ]]> Loans for New Employees

Loans to new hires, an easy way to get new liquidity! Outcome in 24 hours.
If you want a new loan and do not have the possibility of a guarantor, the loan for new recruits offers you the possibility of obtaining a new availability of money to meet your needs. If you are just hired and would like to receive more information and a free estimate, fill out the form and within a few moments you will be contacted by one of our consultants.

Do you have any doubt to clarify or do you want answers concerning your position? Write us a comment in the space at the end of this article.

Newly recruited Loan: fixed time and indeterminate time

Newly recruited Loan: fixed time and indeterminate time

Getting a loan with a recent hire is never easy. We can classify three types of customers:

  • who has never made loans (not registered)
  • who is a good payer
  • who has negative reports for late payments

In all 3 cases the type of employment contract plays a strategic role, so whether for a fixed or an indefinite period. Let’s see how these two conditions are combined.

  • temporary contract : regardless of length of service, or the number of months of employment, an employee hired with a fixed-term contract (determined) will always need a guarantor, or a second signature that endorses his request for funding.
  • indefinite contract : the guarantor is not always essential, as specified in the next paragraph of this article.

We therefore realize that making a fixed-term payroll is strictly linked to a second signature. But what happens if the first applicant is reported in Crif or otherwise in the databases for late payment? Let’s find out together.

Loans to Newly recruited Determined with alerts

Loans to Newly recruited Determined with alerts

Marina contacted us and wrote:

Hi, do I have a fixed-term contract can I apply for a loan even if I have been reported for a Fiditalia loan?

In this case, unfortunately, without solutions, there are no solutions to date. In the presence of problems in credit systems, access to credit for a worker translates into transfer of the fifth or delegated payment or loan. All these loans provide for the repayment of the installments by deduction on the paycheck. The figure of the guarantor is therefore not necessary.

But if I have a fixed-term contract? In this case the solution is to await the transformation indefinitely. A second signature, even if an excellent payer, will not help.

Loans to Permanent Loans

This type of contract, even if part time, opens a different scenario; a customer interested in financing can proceed with a single signature even if:

  • uncensored, that is, if he has never made loans in the past
  • bad payer
  • protested or distraught
  • too much indebted

It is therefore evident that this condition is clearly advantageous, but let’s see together what are the minimum conditions to be met:

  • minimum length of work
  • type of company in which you work

Is it possible to obtain loans with a 6-month contract ? Regarding the length of work and the type of company, to obtain a loan are necessary contracts of 6 months if employee of a Spa, Srl, Cooperative with at least 16 employees, 24 months if employees of an individual firm, sas, snc.

NB: calculation of the date of employment

The 6 months refer to the date indicated in the payroll as an assumption, not to the permanent transformation. For example:

  • Mario: hiring on a pay slip 01/09/2017 – permanent transformation 01/02/2018 = calculation of the hiring date at 01/03/2018 = 6 months
  • Luca: hiring on a pay slip 01/09/2017 – permanent transformation 01/12/2017 = calculation of the hiring date at 01/03/2018 = 6 months

New employee loans without guarantor

New employee loans without guarantor

As we have seen before, the figure of the guarantor, if we talk about personal loans, can play a strategic role as long as the first applicant is not reported in the database.

But who does not have a second signature? Are there solutions for those without a guarantor? As mentioned in the previous paragraphs yes, but the advice is to proceed:

  • with a personal loan request if you are a good payer, then already present in the databases as good customers. The important
    • do not be over-indebted
    • wait at least 12 months from the date of the last loan obtained.
  • with assignment of the fifth for new employees as long as:
    • hired for a minimum of 6 months
    • with a permanent contract.

Are you a bad payer?

Are you a bad payer?

If employees of a Srl, SpA, Cooperative with more than 16 employees, even if newly hired, you can get the loan to newly hired employees. The assignment of the fifth new recruiter is the practical, easy and safe solution to obtain new liquidity.

Minimum requirements for employees of private companies

  • srl, spa, cooperatives with a minimum of 16 employees
  • minimum 6 month hiring
  • permanent contract
  • provision of severance pay in the company, at a fund
  • are excluded : apprenticeship contracts and tfr cash settlement in payroll (quir)

For public and state employees, 3 months of employment are sufficient.

If employed by a private company, the aforementioned minimum requirements are essential. Fernando from Brescia contacted us, writing to us:

Good morning, my name is Fernando and I live in the province of Brescia. I can not get a personal loan because I am in Crif for a Compass loan and a badly-paid Agos credit card. I have been employed for 5 months in a spa with over 300 employees. I’m interested in a fifth assignment for new Findomestic employees, but I’m having difficulty because they tell me I do not have enough seniority. Can you help me? Are there loans just taken ? Can I make the transfer of the fifth just hired ?

In this case we had to wait one month, so as to satisfy the requirement of the minimum 6 months of recruitment. Fernando has obtained new liquidity, for a slightly lower amount than his needs, but he has also managed to carry out his projects.

Loans for new employees, why choose Financemm?

Loans for new employees, why choose Financemm?

We are a credit brokerage company regularly registered in the OAM n M359 register. Our role is to broker loans and loans, that is, we find a list of active financial with our company, the best personalized offer according to your needs.

Unlike a bank or a loan agency, which only offer their products, we are interested in identifying the most convenient solution, without favoring one institution over another.

How does it work?

First you must fill out the contact form on our site; after a few minutes you will receive a call from us and you will talk to a consultant to analyze the real feasibility of your request. Obtained a simulation and a personalized estimate, you will arrange an appointment directly at home with one of our collaborators.

Where do you live? Rome, Savona, Florence, Naples, Milan, Palermo, Cagliari, Belluno, Taranto or Ancona ? Well, we are also present in your city. Our network is active throughout the national territory.

Working age for loans

Working age for loans

When starting a new job (new employees) can you get a loan after the second paycheck?
Usually the loans are granted on the basis of seniority then only after the second paycheck, but often the signature of a guarantor is appreciated. If you do not know who to ask for help, the personal loan to employees will allow you to carry out your projects even if you are new.

The factor of seniority is not the only binding point for the issue of a loan.
It also depends on the rules and underwriting criteria of the various financial companies. In fact, if a financial company accepts the request for financing, it is not said that another financial company will do the same. The previous activity and work experience will also be the guarantor. If, in fact, before a new job was hired by a company and had a seniority of service, then the loan request will be easier and more plausible.

It remains to keep in mind your history at the database. It will therefore be important to see if you are already supported or if you have personal loans in progress. If your financial situation is good then it will be very likely to get a loan even for fairly large amounts. If, on the other hand, there is no historicity, the same can be requested for loans for sums not raised and at most one can ask for support from someone who acts as guarantor.

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