Find out how to borrow online loans

Paying off debts is a major current concern for people. When the money runs out and they are still there, the first option we use is the loan. Whether from family, friends, banks or through an online loan company.

If you have questions about how to borrow, check out the tips that the specialist in online loans brings to you.

Types of Loans

Types of Loans

The first step is to study the real need for the loan and not to compromise much of your income. Analyzing the current financial situation is also one of the first points to be observed.

Negative Loan

Negative Loan

If your name appears on credit protection agencies, the type of credit provided is different from the usual one, with the specific loan being negative.

Personal loan

The personal loan is one of the most well-known modalities. Ideal for urgent expenses, such as car repairs, accumulated debts, etc. In this option, it is necessary not to be included in credit protection lists, have a proven income and less than 30% of it is committed.

Payroll loan

Payroll loan

In addition to the personal loan and the negative loan, you can also apply for a payroll loan provided you have a formal contract. In this modality, the amount to be paid is deducted directly from the paycheck.

Within your profile, conditions and needs, you already have in mind which is the best loan to apply for. When choosing usas your online personal loan company, the steps to take out any loan is very easy.

Visit our website and choose the online credit you want to apply for. Have your documents in hand and follow requirements such as: having a bank account for depositing the money, legal age and proof of monthly income.

When signing the contract, read it carefully. Also remember to pay installments on time and keep track of expenses until the debt is fully paid off.

If you still have questions about how to borrow online, you can take all your doubtshere and discover all the advantages that we offer.

Mortgage loan: Is this a special product?

Nearly USD 90 billion. This is the value of mortgage loans at the end of September 2014 (these are the latest available data) granted by the Home Lends bank.

Looking at the entire market, Home Lends is second to none

At the end of the third quarter of 2014, the value of all loans granted by banks in Poland was USD 351.8 billion. And although Home Lends is still seen from the perspective of the bank for an older, conservative customer, more and more young people are using its services.

Especially with mortgage products. For a long time, it has been honoring different sources of income, and the wide financing offer means that, month by month, the Home Lends brand strengthens its position on the Polish market by regularly increasing the number of customers , especially mortgage.

Special conditions until February 20!

mortgage loan

And there may be even more. All thanks to a special promotion. Until February 20, Home Lends organizes Open Days for Mortgage Loans. Customers who visit a bank outlet during this time have a chance for an extremely cheap loan, with a margin of 1.3% and zero commission.

All you need to do is submit a complete mortgage application by March 20 and sign the loan agreement within 30 days from the day the loan decision is taken.

The maximum loan period is 35 years

Once a year, each customer can take advantage of credit holidays, i.e. the option of suspending the repayment of one installment. The offer of grace period, which may last up to 36 months, is extremely interesting. This solution is of particular interest to customers who buy real estate under construction. It allows you to save on loan costs. During the grace period, the customer only pays interest.

The own loan is intended primarily for the purchase of real estate (house, flat or plot), but money can also be used to repay a housing loan at another bank. An interesting option is the possibility of allocating up to 1/4 of the loan amount for any purpose. You can finance, for example, a credit card or buying a new car.

But that’s not all. Home Lends supports families. Everyone who has a Large Family Card – for the record – is for families with a minimum of three children – they can take advantage of half the commission (compared to to the standard offer). In addition, the bank will not impose a fee on controlling real estate: before the conclusion of the contract, before the payment of the loan tranche, and also at the time of payment of the last tranche. This unique promotion for a large family is available until August 31, 2016.

Promotions are especially attractive compared to the standard offer. In this commission, it can amount to even 3.5 percent. the value of the entire loan.

Loan for the first flat

Loan for the first flat

The bank also offers MDM Mortgage Loan, a special product for singles, persons up to 35 in the marriage relationship and for those who are raising children on their own. Importantly, such a loan may be granted for the purchase of the first apartment or house.

MIX Mortgage Loan is an extraordinary product. It is a combination of a regular mortgage loan and a loan for any purpose. In this variant, the bank can borrow money both for the purchase of an apartment and for a luxury vacation or car. In both cases, the loan is secured by a mortgage on the property.

Home Lends is one of the few banks on the Polish market that has such a wide offer of financing the purchase of real estate. The loan is not the cheapest in comparison to the competitors’ proposals, however, its undoubted advantage is its high availability. Because only such a tycoon as Home Lends is able to offer an offer practically for every customer.

Credit for new teeth – the patient has had to pay extra for new teeth

If you have to go to the dentist today, you can take a big wallet with you. Since the statutory health insurance companies have slashed their service catalog, the patient has had to pay extra for new teeth. A sum of several thousand USD is not uncommon. Not every patient has so much money on the high edge and has to take out a loan for new teeth.

Partial payment contract if the patient describes his situation

Partial payment contract if the patient describes his situation

The patient can freely decide where to take out the loan for new teeth. The house bank is ideal, but also direct banks from the Internet. The dentist often also offers a partial payment contract if the patient describes his situation. Often dentists also work with partner banks who can make loan offers.

If you look at the costs, which often amount to 10,000 USD and more, which the patient has to finance himself, many patients cannot avoid a loan. If implants become necessary, a single tooth can already cost 2,000 USD. Implants are not part of basic care, so the patient has to pay for them out of his pocket.

If the patient cannot afford these high-quality dental services, he should check the existing financing options. It is important that information about financing is obtained before the start of treatment.

The initial situation

The initial situation

Banks do not offer a special loan for new teeth directly. Here the patient could apply for an installment or consumer loan, which can also be used freely. The bank does not ask for the purpose of such loans. The bank is only interested in whether the patient can meet the credit requirements. The conditions that banks require for a loan are the same for almost all lenders.

If the patient can show a regularly incoming and sufficiently high income, he has already fulfilled part of the conditions. The impeccable Credit Bureau is also very important and should not be burdened with negative entries. If this is the case, the loan can be rejected, regardless of how high and how secure the income is.

Before applying for credit for new teeth, the patient should of course know what the costs will be. For this, he can have a cost estimate made at the dentist. If there is enough time, it makes sense to look at a cost estimate with another doctor. How high the loan amount can then depend on the customer’s creditworthiness. But not only that, the conditions of the bank also play a decisive role.

It should not only focus on the offer of the house bank. If you consult several offers, you will get a better overview of whether the loan is cheap or not. In general, the loan for new teeth can be taken out at any bank if the creditworthiness allows. The money is then transferred to the customer’s checking account. It is not necessary to set up a separate account.

The dentist loan

The dentist loan

Many dentists know about the problems of their patients and the high dental costs. For this reason, the dentist offers his patients a loan. This is pleasant for patients in that they do not have to apply for a loan themselves.

Of course, the loan does not come directly from the dentist, but rather works with financial service providers who transfer the loan amount to the dentist and agree on payment in installments with the patient. However, with this type of financing, the patient has no comparison options, including with regard to interest.

Credit from the bank

Credit from the bank

The loan for new teeth can of course also be taken out at a bank. The customer can opt for a normal installment loan or look for special loans for medical treatment. The credit comparison should be important here, because the terms and conditions can be very different. The patient should not only target the house bank, but also include the direct banks from the Internet in the search.

When comparing loans, the criteria are the loan amount, the interest, the terms and the monthly rate. If the customer finds a provider after entering the aforementioned numbers, he can apply for the loan directly via the comparison. However, with a loan for new teeth from the bank as well as at the dentist, it is also important to ensure that the creditworthiness looks as described in the initial situation.

If the customer can meet the conditions, the loan is approved and the loan amount is paid out. Checking the loan application is usually fairly quick when the credit requirements are met.

The overdraft facility as a credit solution?

The overdraft facility as a credit solution?

Most bank customers have a so-called overdraft facility. The bank makes this available to its customers if there is regular income. Banks are quite generous in their approval and often provide up to three net monthly salaries. If a customer earns 3,000 USD net, he could have a disposition of 9,000 USD. Sufficient as a loan for new teeth.

That’s how many loan offers you get

That

However, the overdraft facility is an expensive affair, and it is not uncommon for interest rates to be in the mid double digits. If the customer knows that he can pay the overdraft facility in a relatively short time, he would be a solution for quick credit requirements. Under no circumstances should it be used if there is no possibility of a quick return. Because the overdraft facility is always used and never returned, the overdraft facility adds up automatically. Often, an installment loan is still due because the overdraft facility has become confusing.

The bad Credit Bureau

The bad Credit Bureau

However, if the patient has a bad Credit Bureau, it does not look good with a conventional loan. Few banks then approve a loan. The way out could then be a Credit Bureau-free loan. However, this is almost only processed through credit agencies. Basically not a bad thing, but the customer has to calculate the commission of the brokerage in his credit needs.

Sufficient income is also important for these loans. There must also be a permanent position. The Credit Bureau does not matter, the credit does not appear in it. However, the loan amounts are limited. There are three loan amounts, $ 3,500, $ 5,000 and $ 7,500. At both of the latter loan levels, a long-term activity must be proven.

 

Loan for pensioner. Discover 7 Advantages

As a pensioner, your potential to obtain credit is greater in relation to most people, because your income is stable and guaranteed monthly.

Then the road to getting a pensioner credit becomes bigger and faster .

That way you can adjust your accounts, and use credit for what you need. Even to help the family, since many depend on the pension of parents and family in times of unemployment.

What is the best type of credit?

What is the best type of credit?

With the facilities that the internet provides such as online bill payments and diverse purchases of everything you need, online credit or loans can also be done online using your cell phone, tablet, notebook or computer.

This is a great agility provided by the internet, which came to make our life easier in all areas.

What are the biggest benefits of online credit?

What are the biggest benefits of online credit?

You will be surprised, the list is huge. A few years ago the only way to obtain loans was through the Bank. You should go there, talk to managers, employees and expose your whole life and often be denied credit.

Now with online credit the amount you need can be available in minutes without having to leave your home or explain your reasons for applying for capital. This credit is granted directly to you to purchase consumer goods or services, as you decide.

The 7 biggest advantages of online loan

1. Deposit in current account of the requested amount:

You receive the loan amount for pensioner by bank deposit.

2. Quick credit analysis:

Due to the agility of online information, it is possible to analyze whether credit can be granted at that moment, in a matter of minutes, you can obtain this information.

3. Without leaving home:

Requesting a capital or loan without leaving your home, without wasting time on transportation is more than good, it is a great advantage. That means saving time and convenience.

4. Internet access

With internet access you apply for the pensioner credit , filling in only a few personal details. Just access a device via the internet like your cell phone.

5. Safe and Private

No one needs to know that you are borrowing a certain amount. Only you and your credit provider negotiate what is best in a safe and private way.

6. 24 hours and 7 days a week

At any time you can apply for a pensioner loan.  In some cases if it is a weekend, the money will fall into the account on the next business day.

7.Lower rates and interest

Credit lenders have lower costs because the process is all online and because they are not banks, fees and interest are lower and more accessible. In the case of a pensioner loan, this interest is even lower.

The online loan which is a pensioner loan

The online loan which is a pensioner loan

If you need a pensioner loan , online credit is an alternative that will make your life easier, as it is fast, secure and has the lowest rates practiced by credit providers.

What is the best online credit operator to apply for pensioner loans?

For you to find the best credit provider, you need to go to different sites and perform the credit simulation to find the one that offers the best conditions and lowest rates. But there is a solution to carry out this verification once and for all, on several online credit providers.

Comparison of cash loans with a fixed interest rate

In the case of home loans, the type of interest rate is very simple. Virtually 100% of such obligations paid by Poles because they have a variable interest rate.

The market situation looks much more interesting if we consider cash loans. There are loans with a fixed interest rate and variable-rate cash loans on the market. Sometimes these two types of cash loans can be found in the offer of one bank.

We decided to explain how lenders set a variable interest rate for their loans. As a supplement, we present a loan offer with a fixed interest rate. Holders of such obligations do not have to pay attention to the level of interest rates

Variable rates are usually based on the GFIC interest rate …

Variable rates are usually based on the GFIC interest rate ...

At the outset, it is worth emphasizing that all issues regarding the type of interest rate and the rules for its update should be thoroughly described in the cash loan agreement.

The general rules for granting cash loans and consumer loans also provide important information on the principles of calculating interest. After studying such general terms and conditions of the banks, it turns out that the variable interest rate on loans is constructed similarly to housing loans.

It is the sum of the variable interest rate (GFIC) and constant margin. The main difference with housing loans is that the interest rate on cash loans is sometimes updated more frequently (e.g. every month), and the loan margin is higher due to the bank’s greater risk (caused, among others, by no mortgage collateral).

Regardless of the type of cash loan interest rate (variable / fixed), its level may not exceed the maximum percentage determined on the basis of the provisions of the Civil Code.

At the beginning of March 2019, this interest rate limit was 10.00% per annum. Agreements and regulations of loans with variable interest rates contain appropriate clauses ensuring that the level of interest does not exceed the code maximum (even if the sum of GFIC + the margin is higher).
The best online cash loans with a fixed interest rate (March 2019)

A fixed-rate seems to be the best solution …

money

In view of current macroeconomic conditions, it seems that currently, fixed-rate cash loans are a better choice. Holders of such loans as if in a “free” get a guarantee of an unchanged installment level. Importantly, fixed-rate cash loans are not clearly “more expensive” than their counterparts based on a variable rate.

In the table above, we have presented several loan proposals with a fixed interest rate, which has less than average installments. The comparative criterion was the installment of an example loan of USD 20,000 and a repayment period of 36 months. The cheapest such loan at the beginning of March 2019 was offered by Honest Bank.

When it comes to credit promotions, GFI’s temporary offer – Good Finance is also interesting. Until May 12, 2019, this bank offers a fixed interest rate of 4.40% for loans of up to USD 30,000 and a repayment period not exceeding 60 months.

Holders of such cash loans, after fulfilling the terms of the promotion, do not pay interest for the last year. It is worth noting that a cash loan from Good Finance has a fixed interest rate regardless of the repayment period chosen by the customer.

Uncertainty awaits holders of ‘variable’ loans

cash

People who buy loans with a variable interest rate must always be prepared for a slightly higher risk than for a fixed rate. In 2019, such people will need to follow media reports more closely than usual.

This is not only due to the fact that an increase in the GFI interest rate by raising the GFIC rate and installments of many loans is possible before the next 12 months.

It is also worth realizing that there is still confusion with the interbank GFIC rate, on which the variable interest rate of hundreds of thousands of loans (including cash) depends.

The method of calculating the aforementioned rate (reflecting the interest rate on loans granted by banks), unfortunately, does not correspond to the new EU regulations.

That is why the rules for calculating GFIC must be changed by January 1, 2020, or an appropriate indicator should be introduced in its place. If the necessary changes cannot be implemented on time, it cannot be ruled out that after 1 January 2020 variable loan interest rates depend on the GFI reference rate.

Loan despite Credit Bureau and temporary employment contract.

While one has to waive the approval for a loan despite Credit Bureau and a temporary employment contract with the house bank or car bank, the free financial market offers individual opportunities for all consumers. Favorable terms and flexible framework conditions convince, which choose a loan based on your own wishes and put a comparison of different offers on the agenda.

When it comes to a loan despite Credit Bureau and a fixed-term employment contract, nobody has to compromise or accept contractual terms that could lead to problems and restrictions in terms of term, which could reduce the attractiveness of the loan. It is important to strive for a comparison and to bring transparency to the diversity that presents itself on the free financial market and has the right offers for all requirements.

Recognize favorable interest rates and flexibility

Recognize favorable interest rates and flexibility

Consumers primarily focus on the interest rate and prefer a loan despite Credit Bureau and a fixed-term employment contract, which shows low interest rates and is therefore particularly cheap. However, one should bear in mind when deciding that low interest rates alone are not enough to make the offer attractive. Only those who prefer flexible contractual terms and thus their financial freedom in terms of term will, if there is a necessary change in the repayment, meet with the donor’s consent without restriction and can avoid the path to the debt trap.

At the time of applying for a loan despite Credit Bureau and a fixed-term employment contract, no borrower knows how his financial background will change in the term. The temporary employment contract can become a fixed employment contract, but it can also lead to unemployment after the fixed-term contract expires.

Since the lender attaches great importance to punctual and contractual repayment of his outstanding debts, a deferred payment free of charge, a reduction in the installments or an earlier than planned repayment of the entire amount can be of benefit to the borrower and an adjustment of the installments to his options and enable financial situation. In online comparison, you should therefore not only focus on interest rates, but also on contractual terms and choose flexibility here.

Securing a loan without any problems despite Credit Bureau and a temporary employment contract

Securing a loan without any problems despite Credit Bureau and a temporary employment contract

With this type of loan, the credit rating cannot be used to hedge. However, this is by no means a disadvantage; instead, despite the Credit Bureau and a fixed-term employment contract, it marks the loan as an optimal opportunity for consumers with poor creditworthiness or debts. Securing on the free financial market is possible with various means, such as, for example, transferring property and property to the lender. Anyone who has capital-forming insurance or savings investments can also deposit them as security and thus receive a permit for their application.

In very difficult cases and without own possession, it is possible to initiate the approval by naming a second applicant or by providing a guarantee. Instead of giving too much importance to creditworthiness, borrowers can use the security that they have and that they can provide for a loan despite Credit Bureau and a temporary employment contract.

The application is made without bureaucratic effort and does not involve a personal interview with the potential lender. Regardless of whether you rely on a loan from a private lender or a foreign bank, the submitted form is sufficient and initiates everything else. The applicant must provide all truthful information and make it plausible for the sponsor, so that the donor grants approval and transfers the sum immediately.

Long waits and cancellations are not to be feared for a loan despite Credit Bureau and a temporary employment contract on the free financial market. The offers are diverse and enable every consumer to get exactly the loan that suits them and is geared towards their personal needs.

For large and small purchases, there is also an opportunity with Credit Bureau entry and debts, as well as without a fixed employment contract and does not have to do without necessary new purchases or put important repairs, repairs or other needs behind. If you compare and examine the offers extensively, you can find a very cheap and quickly approved loan to fulfill your wishes on the free financial market.

Loan for temporary workers is possible.

The loan for agency workers is possible – but the approval is unfortunately not a matter of course. Temporary agency work and temporary agency work are booming, so the need for credit is high. Nevertheless, there are some hurdles to be overcome so that the loan request becomes a reality.

Loan for agency workers – difficult conditions

Loan for agency workers - difficult conditions

The loan for agency workers is fraught with big problems. Although temporary agency work is booming and new jobs are being created all the time, the “normal” credit institutions are critical of the credit request. Job security is very limited. Temporary employment agencies cultivate the “Hire and Fire” mentality. Only then do overtime work, due to the end of the working day, the termination is handed over. This is not uncommon for temporary employment agencies. Like wage dumping, it is part of the business idea of ​​many rental companies.

In addition to job insecurity, there is another problem. Temporary agency work is completely underpaid. A technician who, as a permanent employee, would have no problems with the garnishment exemption limits can only make it through it with difficulty as a temporary worker. If the rental company does not work for the employee for a short time, the meager salary shrinks even further. In view of this threatening backdrop, the loan officer has to decide on the loan request. His reluctance to approve the loan for agency workers is therefore human and factually understandable.

Credit options despite temporary agency work

Loan for agency workers - difficult conditions

The loan options for agency workers, without additional collateral, are severely limited in terms of term and volume. Little more than a small overdraft facility can be expected from the house bank. An installment loan is, as a modest framework, possible as an online loan. Small loans up to a total of around 5,000 euros are checked by most online banks using the simplified credit check procedure. An open-ended employment contract and a clean Schufa can already be enough for a small loan.

There are also chances of success for loans that are linked to a purchase of goods. Mail order loans and the credit for buying a vehicle are being examined equally well. Nevertheless, nobody should have too high expectations of the possible loan amounts and terms.

In the event of problems, a guarantor can be the solution. With his good credit rating, he can ensure that the clerk has a positive rating. In order for the guarantee to work, guarantors and applicants, each considered individually, should be able to make the repayment alone.

Change of provider – loan without bank

Change of provider - loan without bank

While the renowned credit houses are placing increasing demands on borrowers, a new credit market has developed. The private loan is gaining ever larger market shares. Low incomes and high credit hurdles on the one hand, minimal savings book interest rates on the other hand are causing the boom.

The loan for agency workers, from private donors, usually comes from one of the two platforms that dominate the market. Private investors are much more willing to take risks than professional banks. They are also free to choose whom to entrust their money to. Temporary workers and temporary workers receive a fair credit opportunity from private individuals at affordable terms.

Even in times of crisis, expensive credit should not be an option

The economy changes, but nothing changes in the credit world: credit cards and overdrafts are still bad options if you need money. With the progress of the coronavirus pandemic in the country, we ended up seeing many institutions mobilizing to postpone the payment of the loan installments, but situations in which the limit of overdraft and credit card is being increased.

Do not fool yourself! This can be the rope for you to hang yourself more in your finances. Guarantee explains you below why using these credits is so bad in these moments:

 

1. Very high interest

credit loans

Even with the market moves to try to reduce the interest value of these options, the credit card revolving rate continues at a rate of more than 12% per month and the overdraft of around 8% per month. In other words, both are still expensive options compared to personal loans and payroll loans, which start at rates of 2% per month.

 

2. You pay for the highest limit

The new overdraft rules that came into effect in 2020 determined that the limit that exceeds $ 500 will be subject to a tariff charge. Banks can charge up to 0.25% for this amount over $ 500, even if you are not using overdraft.

 

3. Unpredictability about debt

debt loans

Unlike a personal loan whose installment is fixed, on the overdraft and revolving credit card you do not know how much your debt will be. Interest is charged continuously (they are called compound interest), making debt a snowball. With this, you lose the ability to plan to know how much you have to collect to pay the debt.

 

What to do if there is no money?

Our first recommendation is that you review your spending spreadsheet. In doing so, try to identify what can be cut from your budget. In Good Lenders, expenses are monitored automatically.

Also look at the other end: income. Is it possible to increase it with some extra income? In this post, we’ve put together some ideas for that.

If you have already cut expenses and increased income, but the budget still does not close, we suggest as an emergency measure that you use a low interest personal loan. In it, the installments are fixed and the interest is lower than in the overdraft and credit card.