How To Get Small Postal Loans?

To obtain small postal loans there are several options that the customer can turn to.

How the Capital lender loan works

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The first is the Capital lender loan, the ideal solution to carry out your projects by choosing the repayment plan that best suits your needs. Up to 30,000 dollars can be requested and is available in any post office, even those open on Saturday morning. The minimum amount that can be requested is $ 3000 and the maximum is $ 30,000. The duration ranges from 24 to 84 months. The requirements to obtain this loan are not many, it is enough to have a residence in Italy and have a demonstrable income from work or pension produced in Italy.

To apply for a capital lender loan, simply go to a qualified Post Office and present the required documentation, or a valid identity document, health card, and income document. Obviously, depending on the specific characteristics of the applicant and to access particular promotions in progress, additional requirements or additional documentation may be required from the post office in addition to the one we have previously listed.

It is possible to receive the requested amount, obviously in case of approval of the loan, through various methods such as for example by crediting the BancoPosta Current Account, for Capital lender Current Account Holders, by crediting the PostePay Evolution card, for PostePay Card Holders Evolution, by crediting the Ordinary Nominative Postal Savings Book for Postal Bookholders, by crediting a bank account or directly in cash at the post office counter (for amounts up to 10,000 dollars) for all other customers who are not in possession of cards, accounts or passbooks.

The repayment of the installments is monthly and takes place, based on the type of customer, by direct debit from the Capital lender Current Account, Postepay Evolution Card, Bank Current Account or through the payment of postal slips. This is a safe loan as it is possible to subscribe to an optional insurance coverage made specifically to protect the owner and his family.

Flexible Capital lender, for holders of a passbook

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Another small postal loan is the Capital lender Flexible Loan which adapts to your needs and is dedicated to Capital lender account holders or passbook holders. It is possible thanks to this service to change the amount of the installment, or to move it at the end of the financing and also, in this case, it is available in any post office, even in those open on Saturday morning.

The amounts payable range from 3 thousand to 30 thousand dollars and the duration ranges from 24 to 180 months. flexible Capital lender loan is the personal loan that can be requested if you live in Italy and have a demonstrable income from work or pension produced in Italy. To apply for the flexible Capital lender Loan just go to a Post Office authorized to give it and present the following necessary documentation, that is, a valid identity document, the Health card, and an income document.

Also, in this case, depending on the specific characteristics of the applicant or to access particular ongoing promotions, additional requirements or additional documentation may be requested by Italian post offices with respect to that already listed. The BancoPosta Flexible loan is disbursed in a single payment by direct credit to the BancoPosta account in the name of the applicant.

The duration of this type of loan ranges from a minimum of 24 months to a maximum of 108 months and the repayment takes place through the payment of fixed monthly installments automatically debited to the applicant’sCapital lender account.

This type of loan is also dedicated to holders of Ordinary Nominative Postal Book and is disbursed to them in a single solution with direct credit to a bank account in the name of the applicant. The duration of the loan in this ranges from a minimum of 24 months to a maximum of 84 months and the repayment takes place through the payment of convenient fixed monthly installments automatically debited to the bank account.

The borrower’s situation in the country

Saturation with cash loans is growing, especially in the online loans sector. Not every borrower with good intentions will receive a favorable loan agreement to sign.

The market is very diverse and particularly sensitive to monitoring the borrower’s creditworthiness. What is the situation of the average borrower in Poland? About this in the article below.

Market diversification or beneficial?

Market diversification or beneficial?

The credit industry is normally divided into offers for individual clients and services dedicated to business owners. Other target groups of the credit market are farmers, students, pensioners, independent specialists, e.g. lawyers, doctors. The customer in the premium category, with high monthly earnings, always receives a loan agreement on convenient, relatively economical conditions.

The worse the creditworthiness, i.e. the poorer the customer, the worse the contract, which leads to equalization of risk. Retail banks and parabanks are usually profitable to serve one large borrower instead of hundreds of small, which is understandable from the perspective of normal business operations. The lack of access to cash loans is a social and political problem.

Inability to meet basic consumer needs, because it is mainly a cash loan, generates adverse moods in the economy and forces the government to make concessions in managing social programs. Lack of credit in the national (general) economy means shifting the burden to public institutions – social programs.

Creditworthiness is the most important concept

Creditworthiness is the most important concept

On the other hand, the borrower’s limited creditworthiness prevents him from using all available debt instruments. This results not only from the policy of retail banks, but from top-down guidelines of the National Bank of Poland (central bank) and the Polish Financial Supervision Authority. Retail banks service loans as well as deposits from a social perspective. Any threat to the retail bank’s liquidity is clearly reflected in higher economic indicators.

The situation of the borrower, especially the poorest, has been worsening in recent years due to scrupulous creditworthiness checks. Submitting too many loan applications is often completely excluded from signing the contract. The key need is the evolution of the credit market in favor of fair rather than usury agreements. In some contracts, not only interest is the main cost, but commissions reaching dizzying amounts and even fees for reaching the customer.

An aware borrower has a much better chance of protecting his fixed assets. Many contracts on the domestic credit market are secured, e.g. with real estate, or relatively dangerous blank promissory notes. Such behavior is fundamentally negative for the borrower, who pays the risk of losing the property generated for generations by obtaining little money.

Alternative forms of financing needs on the offensive

Alternative forms of financing needs on the offensive

However, there is a significant improvement in the sector of social loans as well as loans obtained from private investors on personalized terms.

A borrower with an unfavorable creditworthiness is able to take advantage of many interesting alternatives, and with the justification of a normal repayment plan receives a loan at a good interest rate.

In addition, you can see virtually the entire credit market through free multimedia comparison websites (integration of all offers). How do you assess the credit market for the average borrower in the country?

What is a zero interest loan – Loan Guide

If you want to buy a car or any other object, but you don’t have enough money to cover expenses, you can apply for a loan if you meet the requirements. The best option may seem to be a zero interest loan at first glance, but behind this choice lie many aspects, often not entirely transparent.

Everyone, sooner or later, in life, happens to be forced to apply for a loan, so the best thing is to inquire specifically about the differences and the various proposals.

The loans are not all the same starting from the services offered up to the installments.

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Therefore, to avoid additional costs not counted, it is necessary to weigh each aspect before making the final choice.

The zero interest loan allows you to purchase a product, good or service by paying it through a series of installments, without interest. This means that the applicant does not have to return the interest to the bank, but only needs to return the total capital that was the subject of the loan.

But all that glitters is not gold: in fact, often, those who are passed off as zero-interest loans are not at all, since, despite the zero nominal annual rate (TAN), the annual percentage rate (APR) is lifted up. For this reason, in order to avoid rather unpleasant surprises, it is necessary to try to keep the APR as close as possible to 0. The solutions that are defined as “at real zero rate” are those in which both the TAN and the APR are zeroed.

So, if the TAN is set to zero, the APR (the indicator of the total loan cost) also need not be, so you have to make sure that these details are clear before applying for a loan with zero interest , that is, you must be sure that this is actually free of charge.

When can the Zero Rate be applied?

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The zero-interest loan is a type of personal financing that has become very common in recent years due to the slowdown in the economy which has completely demolished the purchasing power of every Italian. You will have seen that, when purchasing a television, a computer, a new appliance or other consumer goods, most of the time, especially in large shopping centers, the zero rate is proposed.

Loan agencies and dealers usually make arrangements to ensure that the buyer can pay a very expensive item in convenient monthly installments without any interest, therefore without having to return a higher cost than the one requested.

By contacting the provider directly, often, even if it is very rare, there is also the possibility of obtaining a loan with zero interest for the purchase of a car. The zero rate is convenient for both the dealer and the buyer in order to make the solution convenient and safe.

One of the most important things that must be taken into account when applying for a zero interest loan is the fact that the apparent convenience of the rate must be subordinated to the sustainability of the expense. In fact, the zero rate is not always the best choice because it binds to certain rules imposed by the provider.

For example, sometimes it may be more convenient not to have the zero rate, but to have the possibility of prolonging the repayment of the sum by diluting it in several installments of lower economic value.

When is the APR zeroed?

 

Even if these are rather rare situations, sometimes the full zero rate is advertised, including the zeroed APR, it is possible that the retailer has already included the management costs of the file in the price of the purchased good, or if it has been accepted in full. Usually, to access this type of interest-free loan, a minimum spending ceiling is needed to obtain the benefits.

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The characteristics of the zero interest personal loan

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The zero interest personal loan specifically concerns a consumer credit product with a loan of an established amount without interest, which can be repaid with a usually monthly installments plan. Unlike the above, personal loans are included in the category of non-finalized loans, i.e. loans that are not directly related to the purchase of services and goods.

Therefore, unlike solutions such as those of targeted loans, there is no agreement with the agreement, but the process is concluded only between the applicant and the lender, that is, the only subjects who are actually interested.

So, if the application for a zero-interest personal loan is accepted, the money arrives immediately to the consumer and not to the partner (third party).

In this case, a guarantee (service or good) is necessary to avoid failure to return the sum, otherwise this solution would become rather risky for the Institute that financed it, that is, a financial company or a bank.

Personal loan at zero interest: what are the requirements to access it

Personal loan at zero interest: what are the requirements to access it

Typically, each bank or financial institution adheres to specific criteria and different rules when evaluating the application for a zero-interest personal loan. Normally, a request for a loan can be sent by any person between 18 and 70 years of age, but above all to those who can guarantee with certainty the total repayment of the loaned amount.

An employee will be able to present his paycheck (or pension payslips for pensioners), as well as a self-employed worker will have to show his tax return to verify the effective certainty of the loan repayment.

If the impossibility of the repayment of the loan is verified, or if an applicant has no way of presenting the tax return or the paycheck, a third person will be required to undertake to repay the institution in the event that the applicant had not the chance to do it. Obviously, the third person will also have to prove that he is able to bear the costs of returning the loan.

In fact, the bank or the credit institution must protect itself well from the risk of losing the money lent, for this reason very thorough checks are necessary regarding the economic possibilities and the situation of the applicant.

 

 

Is it possible to split the debt into installments? Yes, of course!

More and more Poles are reaching for a loan. On average, every third person has a problem with giving back borrowed money. The consequences of not paying loan installments can be associated with many unpleasant things.

Starting with applications for recovery, ending with the bailiff’s visit. Fortunately, banking institutions give us the opportunity to spread the debt into installments. We advise how to act in a situation when we are unable to pay back the loan.

We borrow more and more often, do we give back?

We borrow more and more often, do we give back?

According to estimates, there are almost 2 loans per citizen of our country. Their destiny can be different. Some lend to buy a house, a car or new home equipment, while others want to go on their dream vacation. In the IMAS International report from November 2018, we read that as many as 13% of Poles are indebted in parabanks.
It is easy to take out a loan – worse with it. Almost 3/4 of Poles do not repay their obligations in the form of consumer or mortgage loans. Others have credit card debt.

The bailiff is just waiting!
The more debtors, the more work for bailiffs. Bailiff enforcement is not pleasant. The bailiff has the opportunity to take up the achievements of life. In the absence of assets, the executor also has other options to recover the debt by attachment of salary, freezing funds on a bank account or taking over a pension. Additionally, when the bailiff comes to visit, we expose ourselves to additional costs. The bailiff’s costs are borne by the debtor.

Help! I want to spread my debt into installments

Help! I want to spread my debt into installments

There is no situation without a solution. If we are not able to repay the loan or debt, let us inform our creditor first. Banking institutions often go hand in hand with their clients. By restructuring the loan, they enable the debt to be spread over installments according to current creditworthiness. There is also a possibility of total, temporary suspension of debt repayment. To take advantage of such opportunities, go to your bank branch.

However, if our debt has already reached the judicial stage, the first step we should take is to write a letter to our creditor. In the application for spreading the debt into installments, we should include information about the letter, explanations why we did not respond to previous calls and a description of the current financial situation supported by relevant documents (certificate of earnings, current housing commitments, etc.). Let’s not make it up. Let’s write the truth. Banks know well when the debtor pulls arguments out of the hat.

The most common reasons for a payday loan

What are the Swiss actually taking out loans for? This is what the well-known Swiss internet comparison portal wanted to know, and in April this year surveyed 1,011 adults across Switzerland. There were some amazing results here, because the reasons for borrowing are usually very different.

Over a third of those surveyed have already taken out payday loans

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In the survey, 34% of the respondents stated that they had already used a Swiss payday loan. Unsurprisingly, the car loan came in first place with 49% as a loan purpose. Other purchases such as furniture (13%) or consumer electronics (12%) came in at the bottom of the rankings.

Surprisingly, the loan is often used to finance training and further education (16%). This is even the main reason for credit demand among those under 35. Another interesting detail of the current survey is that men (41%) choose credit financing more often than women (27%).

 

Filling financial holes with a payday loan?

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Financial bottlenecks are increasingly being bridged with a loan – for 31% of those surveyed, this is the reason for a payday loan. 21% said they used the borrowed money to pay debts or open bills. The following reasons were repeatedly mentioned for a payday loan:

  • Unforeseen bills
  • unexpectedly high tax assessments
  • urgent repairs to the car or your beloved home

 

Most loan amounts remain below $ 10,000

Most loan amounts remain below $ 10,000

The loan requirement or the loan amount is not always negligible. The survey now found that 17% of borrowers took out a loan of $ 20,000. 28% of the respondents needed a loan with a sum of between $ 10,000 and 20,000.

By far the greatest need was identified for a loan amount of less than $ 10,000. 55% said they had taken out a payday loan of exactly this size.

 

There are also some regional differences

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The current survey also provides some results for regional peculiarities. It turned out that payday loans, for example, are more popular in Ticino than in German-speaking Switzerland or French-speaking Switzerland. There is also a very clear urban-rural divide. According to the survey, payday loans are generally used much more frequently in metropolitan areas and cities.

 

Looking for a cheap and fair loan?

Looking for a cheap and fair loan?

More and more Swiss are looking for a fair and cheap payday loan on the Internet. We at Best Bank offer our crowdlending loans at precisely this point, placing our offer to private borrowers. With growing success: Direct lending, transparent fees and Swiss reliability are our credo. We also personally support our borrowers in answering your questions.

The Best Bank loan calculator is easy to use. You can quickly and easily get a financing offer for your new car or the urgently needed repair. But first of all it doesn’t matter what you need your online credit for – at Best Bank we cover a wide range of credit solutions:

  • payday loans
  • refinancing loan
  • Credit increase
  • Credit card refinancing
  • car loan
  • house financing
  • Health loan or
  • Home loan

We already answer numerous questions about borrowing at Best Bank in our FAQ. If you have any further questions, please contact us at any time using the contact form.

How to do if mortgage loan insurance is expensive

Mortgage, usury, and withdrawal from the insurance policy too high: the customer can find the most convenient offers on the market.

You asked for bank financing. In the face of the mortgage that will be paid to you, the official told you that you will also have to take out insurance for the risk of dismissal and death, which will safeguard the bank if, for one of these events, you will no longer be able to return the loan.

Cost of the policy

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Except that, when you do two accounts, you realize that the cost of the policy is extremely high. It almost seems to you that behind it lies the bank’s intent to charge additional charges. So you wonder what to do if mortgage insurance is expensive. In these cases, there are two remedies to be carefully evaluated.

Insurance ends up being a burden on the customer so that, by turning on the main contract, the mortgage one, it can invalidate its validity and even render it null. It is, in fact, a single commercial operation, even if formalized with a different writing and a separate form.

The recent regulations for the protection of borrowers have laid down some guarantees aimed at preventing vexatious conditions from being hidden behind the insurance.

Recently, the Cassation also intervened on this point, which, as we will see in this article, clarified how the cost of the policy can be relevant for the calculation of the usury of the loan. But let’s proceed with order and see what to do if the mortgage insurance is high.

Is mortgage insurance mandatory?

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Banks, credit institutions and financial companies often condition the disbursement of the real estate loan to the stipulation of an insurance contract (e.g. building policy, fire, etc. or on the person of the lender for the case of death, serious injury or insolvency, with a constraint in its favor: in this way the bank can pay off the residual amount of the loan by collecting the compensation paid by the insurance company).

The bank may well condition the provision of the mortgage to an insurance policy but cannot oblige the customer to underwrite its own.

In other words, the borrower is free to look for a cheaper policy on the market, always on equal terms. In this case, the bank must accept, without changing the conditions offered for the disbursement of the mortgage, the policy that the customer finds on the market. This policy must have minimum contents corresponding to those required by the credit institution and the financial intermediary.

Right to withdraw from expensive insurance

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If, on the other hand, the customer signs a policy proposed by the bank, by the credit institution, by financial intermediaries or by their agents, the customer has the right to withdraw from the same within sixty days. In the event of withdrawal from the policy, the loan agreement remains valid and effective. If the policy is necessary, the customer can replace another policy found on the market with the minimum required contents.

Information obligations

The bank must inform the customer of the commission received and the amount of the commission paid by the insurance company to the intermediary, in both absolute and percentage terms on the total amount.

To hedge interest rate fluctuations, mortgage transactions can also be linked to the subscription of other financial products, such as, for example, swap derivative contracts or investment funds which are pledged to guarantee the fulfillment of mortgage obligations. ; also, in this case, the subscription is optional.

Expensive insurance: the mortgage is usurious

To calculate whether or not the bank loan exceeds the usury thresholds, it is not only necessary to consider the interest rates but also the cost of all ancillary charges such as the preliminary costs and the insurance policy. ABF himself, the Banking and Financial Arbitrator, pointed out more [1] that the usury of the loan contract must be assessed by also counting the insurance costs incurred by the debtor to obtain the credit.

Cost of insurance

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The cost of insurance is indicated in the Tang (annual percentage rate of charge); it is in fact from this that we can get a precise idea of ​​the charges that are incurred with financing and whether this is convenient or not.

Therefore, the failure to explicitly include in the costs relating to the insurance premium violates the obligations on the information in favor of the consumer, even if it is a cost imposed by the law and obtainable from other documentation.

This violation determines the nullity of the clause relating to the Taeg and consequently the application of only the substitute legal rate.

What are the consequences of a usurious mortgage?

In this case, the customer no longer has to return the interest or the insurance costs and premiums to the bank, which will be returned to him as soon as possible.

Online bank for individuals and businesses.

Best Bank is the official website, the second largest Italian banking group in terms of size and turnover. Today more than ever the site of a bank is extremely important because it represents a fundamental interface that acts as a link between the credit institution and the customer. Precisely for this reason we decided to start a series of reviews of the websites of the various banks to understand how they are structured and what services they offer to the customer.

Review Best Bank 

Review Best Bank 

First let’s analyze the structure of the Best Bank website. The site is divided into some central sections where all the products and services that concern individuals, young people and small businesses are collected (for large companies a separate portal with dedicated services is available). The subsections are those that most interest us as they enter the specifics of products: Accounts, Cards and Bancomats, Loans, Mortgages, Investments and Savings, Insurance and Internet Banking.

In each of these sections you can find detailed information on individual products and also some industry news. But let’s go in order and try to deepen our analysis. In ” Accounts “, for example, you can find descriptions of all types of bank account in the My Genius series.

Also noteworthy is the “ Work with us ” section, which is very useful if your aspiration is to work in a bank. You can join a specific ad or simply submit your application for the preferred position. Although there are no major personnel acquisitions taking place at the moment, it is still worth a try.

Best Bank : our opinions

Best Bank : our opinions

The Best Bank website is done quite well although, at times, the information can be a little confusing. The biggest flaw, if we want, is the limited possibility of interaction with the user, a limit that, in our opinion, should be filled immediately. On the contrary, you can find a simple button “Make an appointment” that allows you to get advice in the branch.

Especially from a credit institution like Best Bank we would have expected a little more, from this point of view, but the bank must be acknowledged that the site is full of technical information on the products offered to all types of customers, which many other banks they don’t.

Overall, our opinion on Best Bank is quite positive. If they could organize the content a little better and allow, for example, to request a quote for a personal loan, a mortgage or for opening a bank account directly online, it would be really the best.

Small Government Agency loans for retirees 2019

Government Agency loans are loans that are disbursed, on favorable terms, to civil servants and pensioners. In the past, these loans were disbursed by Government Agency, an institution which has now been discontinued and whose functions have been transferred to Social Institute. The particularity of this form of financing is given by the economic conditions to which it is granted, which are obviously very advantageous. In this short guide we will try to give as much information as possible.

How to get an Government Agency loan

How to get an Government Agency loan

If you are an employee of the public administration or an Social Institute pensioner, you can apply for an Government Agency personal loan: in order to obtain the most suitable financing for your situation, it is advisable to follow the right bureaucratic procedure and be familiar with the possibilities that Government Agency loans allow. So let’s see everything that can be used by the applicant for funding, in a few simple points.

Requirements: to be employees, former employees or pensioners of the public administration registered for the management of social credit benefits, be aged between 18 and 70 and be resident in Italy. Obviously, having paid contributions to Government Agency (for at least four years).

Types of loan Government Agency: there are four;
– Small Government Agency loan (up to $ 5000, repayable between 12 and 48 months)
-Mutuo Government Agency (up to $ 300,000, refundable between 10 and 30 years)
– Loan for Marriage or Child (up to $ 15493.73, refundable in 5 years)
– Car loan (up to $ 100,000, repayable in 10 years)

Government Agency loans: tables and calculation

Government Agency loans: tables and calculation

The Facilitated rate: as regards the Small Government Agency Loan, you can take advantage of an interest rate of 3.5% if the repayment takes place within two years, while 4.25% if the repayment takes place after this term. A fixed rate of 4.15% and a variable rate of 3.75% are available for the Government Agency mortgage. The same interest rates can also be applied for Wedding or Child Loans. As for the Auto Loan, the rate will be between 7 and 8%.

Assignment of the fifth: it is advisable to request it because of the numerous advantages that this particular type of refund brings. Unfortunately, it is only available for two types of Government Agency loans, namely Loan for Marriage or Child and Loan for Cars. Thanks to the transfer of the fifth of one’s paycheck, you will have the total guarantee of the return of the capital, and therefore much less “bureaucratic hitches” in presenting any additional documentation aimed at showing greater guarantees. However, it should be remembered that according to the rules in force on this particular type of loan repayment, the transfer of the fifth will not be applicable for more than 120 monthly installments, therefore 10 years.