Online Payday Loans Bad Credit Direct Lenders -Traducaocertificadaetraducaonotarizada.Com http://traducaocertificadaetraducaonotarizada.com// Sat, 17 Aug 2019 11:55:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.6 Car loan: car or cash? Check! http://traducaocertificadaetraducaonotarizada.com//car-loan-car-or-cash-check/ http://traducaocertificadaetraducaonotarizada.com//car-loan-car-or-cash-check/#respond Sat, 17 Aug 2019 11:55:06 +0000 http://www.traducaocertificadaetraducaonotarizada.com/car-loan-car-or-cash-check/

What is a car loan?

What is a car loan?

The offer of some banks includes special purpose loans, i.e. loans in which the purpose is strictly defined both in the loan application and in the contract signed with the bank. These loans include car loans. Of course, you can buy a car – new or used, but not only for the funds raised from such a commitment.

Car loan is granted not only for the purchase of a car, but also for other vehicles. Depending on the offer policy pursued by the bank, this vehicle may be:

  • motorcycles,
  • campers,
  • scooters,
  • quads,
  • trailers,
  • tractors,
  • construction machinery,
  • motor boats etc.

They can be any vehicles with a valid registration document – new or used.

We have it at Totalmoney: Car loan and leasing – what’s the difference?

There are several types of car loans. There are car loans:

  • standard – repaid as part of the monthly principal and interest installments over the loan period specified in the contract,
  • one-time – one-time, which require an own contribution, and the remaining part is credited by the bank and repaid within the time specified in the contract, on a one-off basis – such loans are interest-free,
  • balloon – they consist of paying off low installments, which include, for example, 80 percent the value of the vehicle, and the rest of the value of the car is repaid once.

Car loan calculator

Car loan calculator

Comparison of car loans available to the customer at various banks allows for the assessment which will be the most profitable. In order not to waste time looking for an attractive car loan yourself, you can use an application such as a loan calculator. The car loan selected through it should meet all our expectations, mainly in terms of the lowest possible costs.

When assessing the profitability of a car loan, all costs associated with such an obligation should be taken into account, not just the amount of interest charged. The costs of commissions, fees related to establishing collateral or premiums for compulsory insurance and assignment of rights from the policy to the bank are added.

Good to know: Find out what you need to get a car loan

The car loan calculator should not be difficult for anyone to use. Just enter the basic parameters of the loan, i.e. the amount and repayment period, for the calculator to indicate in the form of a list of available offers a simulation of car loans. The cheapest car loan is usually displayed as one of the first on the list. Together with the bank name and credit costs, the following should be visible:

  • interest,
  • APR,
  • amount to be repaid,
  • amount of the anticipated installment.

For example, MyBank car loan offers a loan for regular and new customers. Funds from such an obligation must be allocated to the purchase of a specific vehicle indicated in the loan application. The APRC of the loan is from 7.47 percent. MyBank does not require a down payment, and the nominal interest rate on the loan is from 4.39%. per year.

The customer may choose a loan with a loan term from 6 to 120 months in the amount of up to PLN 450,000 gross (after all, the loan amount depends on the individual assessment of the customer’s creditworthiness). The loan can be used to buy a car, motorcycle, quad scooter or ship.

Car or cash loan – what to decide?

Car or cash loan - what to decide?

An alternative option to finance the cost of purchasing a motor vehicle relative to a car loan may be a cash loan. In fact, every bank in Poland will offer a cash loan, i.e. a basic loan product, which usually does not require borrowers to establish repayment guarantees to be borrowed.

Its characteristic feature is that it does not need to be disclosed to the bank for the purpose of lending. Car loans, unfortunately, require it. Therefore, if we want to secure the investment in our own vehicle first and then look for it later, we should choose a cash loan.

Many people wanting to buy a vehicle are asking themselves what to choose: car loan or cash? Both can be used to buy a new or used car. The answer in this case is unambiguous.

Do not miss: Who is financial leasing for? Check!

In financial terms, a cheap car loan is more profitable, which means that the customer incurs lower costs than with a cash loan. This is due to the fact that banks, when granting a car loan, have a number of different collateral in the event of default.

Most often they are registered pledge, appropriation for security and assignment from the AC policy. A cash loan has an interest rate higher because it does not have as much collateral as a car loan, and therefore it must be simply more expensive.

It is not always possible to take a car loan for a used vehicle over 10 or 15 years old, and with cash loans it is not a problem to buy a multi-year car. When buying a used car with a car loan, you can expect a higher interest rate on the loan than with a new car.

Important!

People running their own business may have a dilemma whether to take a car loan for a company or decide to lease. The loan requires the completion of many formalities. It takes time and submission of many documents for the client to receive a credit decision and payment of funds.

And what documents are necessary to obtain a car loan for a company? In this case, it is necessary to provide an extract from the CEiDG or KRS, a certificate of non-arrears with taxes from the Tax Office and attach financial statements. The advantage of such a solution, however, is the possibility to include, for example, interest and handling charges in the company’s operating costs.

Leasing, on the other hand, is a form of lease, i.e. actually a vehicle rental. It involves the right, but not the obligation, to buy a car after the end of the leasing contract. In this case, two solutions are possible:

  • financial leasing (similar to a car loan),
  • operational leasing (treated as a service).

The main difference between a car loan and a lease is that the latter solution requires a down payment of 1 percent. car values.

See also: Credit calculator – calculate your ability and choose the appropriate offer

Comparison of cash and car loans shows that they have their advantages and disadvantages. The benefits of using a car loan include:

  • relatively low interest rate (compared to cash loans),
  • a large selection of offers from various banks and financial institutions,
  • favorable credit terms offered by banks for specific car brands,
  • long loan period.

The downside is the difficulty in obtaining such a loan and the need to complete many formalities, including the establishment of repayment collateral. The lender becomes a co-owner of the car and remains so until the end of the loan agreement. For many people, it can be difficult to present many documents, not only confirming their identity, but also those verifying their income.

How to choose a cheap cash loan?

How to choose a cheap cash loan?

A cheap cash loan will finance the purchase of any vehicle, including a used one, from a private seller. He should have a low interest rate and commission for joining the commitment.

Comparing the cost of car loans with the cost of cash loans, one can get the wrong impression that the former are always cheaper for everyone. It doesn’t have to be this way. The cheapest cash loans can be a more advantageous option, especially when buying a used car that is more than 10 years old.

Also read: Check what you need to know before you get a car loan

The low cost of car loans is influenced by:

  • first, the age of the car – the older the car, the higher the cost; moreover, there are banks that do not grant car loans to finance the purchase of 15-year or even 10-year cars; some banks, due to their age, also impose restrictions on the repayment period, which means that the monthly installment increases;
  • secondly, the value of the car – the more expensive the car and the larger the loan, the more preferential the conditions;
  • thirdly, own contribution – making own contribution reduces the cost of the loan.

The conclusion is that car loans are cheap loans for a new car, and it is better to finance a multi-year car in most cases using a cash loan that will not require a down payment.

Online cash loan for a car

Online cash loan for a car

For many banks, you can take out a cash loan online. Where can you find a cheap cash loan that you can use to buy a car – new or used? It is worth using a loan calculator, which after entering the most important parameters of the liability – the amount and repayment period – will present a comparison of cash loans that are currently available in individual banks.

The cheapest cash loan should not have the lowest interest rate, but rather the APRC level, thanks to which we will be sure that the bank will not charge us with other, unforeseen fees during the preparation of the loan agreement and repayment.

Nearly all banks have in their offer cash loans, which means that the choice is very large and even when living in a small city, we will find several banks that will be able to provide us with such financing. It will be much harder when we decide to take a car loan. There are significantly fewer banks in its offer, including MyBank, Bankate, Comota Bank and Valksi Bank.

]]>
http://traducaocertificadaetraducaonotarizada.com//car-loan-car-or-cash-check/feed/ 0
Auto loan: the average price of a new car has increased by 90% in 25 years http://traducaocertificadaetraducaonotarizada.com//auto-loan-the-average-price-of-a-new-car-has-increased-by-90-in-25-years/ http://traducaocertificadaetraducaonotarizada.com//auto-loan-the-average-price-of-a-new-car-has-increased-by-90-in-25-years/#respond Sat, 10 Aug 2019 12:04:36 +0000 http://www.traducaocertificadaetraducaonotarizada.com/auto-loan-the-average-price-of-a-new-car-has-increased-by-90-in-25-years/

 

The (slight) rise in real estate rates does not affect the outstanding amount of housing loans granted to individuals. According to the latest figures from the Francia bank, outstandings continue to increase in March, and more rhythmically

Outstanding amounts that do not decline in the first quarter

Outstanding amounts that do not decline in the first quarter

Let’s take stock of the first 3 months of the year. Growth accelerated from January to March: + 5.1% growth rate in January 2017, + 5.3% in February and + 5.6% in March. On a gross basis, loans outstanding amounted to 914 billion euros.

If we take only new loans, the total amount is 32 billion for the month of March, a decrease compared to December 2016 (33.2), January (37) and February 2017 (32.7), but much higher than October 216 (24.5) and November (27.9).

Credit rates that rose moderately

Credit rates that rose moderately

As we have seen in recent months in our barometers, fixed rates for home loans have begun to rise since December. But a moderate rise. Confirmation with FB figures:

  • October 2016: 1.60%

  • November 2016: 1.56%

  • December 2016: 1.50%

  • January 2017: 1.50%

  • February 2017: 1.54%

  • March 2017: 1.53%.

The share of mortgage renegotiations in decline

The share of mortgage renegotiations in decline

It was expected, loan renegotiations decline, a consequence of the rise in property rates. One only has to see their share compared to new credits: after the peak of January (61.6%), it rose to 52.1% in March (59.8% in February).

For the record, the renegotiation of real estate credit, more commonly known as buyout mortgage, is to review the financial terms of its credit to obtain a more favorable interest rate.

Do not forget the mortgage insurance

Do not forget the mortgage insurance

There is a lot of talk about bank rates, but borrowers do not have to focus on just that one thing when they’re negotiating their mortgage.

Mortgage insurance is also a significant cost. Important point: to ensure you get the best insurance terms, you do not have to accept your bank’s group insurance proposal. You can call on external insurers to compare their offers and possibly benefit from individualized rates. In this case, we speak of insurance delegation.

For the record, this type of operation is possible:

  • when negotiating your mortgage (Lagarde Law, 2010);

  • up to 1 year after signing the mortgage (Hamon law, 2014);

  • after this period of one year, on each anniversary date of the mortgage insurance contract (Annual Termination Act, 2017).

]]>
http://traducaocertificadaetraducaonotarizada.com//auto-loan-the-average-price-of-a-new-car-has-increased-by-90-in-25-years/feed/ 0
Interest Calculator Car Loan http://traducaocertificadaetraducaonotarizada.com//interest-calculator-car-loan/ http://traducaocertificadaetraducaonotarizada.com//interest-calculator-car-loan/#respond Sun, 28 Jul 2019 01:48:40 +0000 http://www.traducaocertificadaetraducaonotarizada.com/interest-calculator-car-loan/

Interest rate calculator Car loan

Car loan or installment loan? 

Car loan or installment loan? If you buy a used or new car, you can easily and inexpensively equip it with a car loan.

If you buy a used or new car, you can easily and inexpensively equip it with a car loan.

In principle, financing for manufacturers may include manufacturer or dealer financing as well as a car loan from a free credit institution. Even if the manufacturer- or household-based offers sometimes have very favorable credit conditions, a car loan through a neutral service provider is often the best option.

Interest calculator

In our interest calculator you can select with just a few mouse clicks the best and cheapest offers from independent credit institutions.

In our interest calculator you can select with just a few mouse clicks the best and cheapest offers from independent credit institutions.

Car loan or installment loan? The car loan business is one of the so-called earmarking. The payment amount may therefore only be used for the purchase of a new or used car. If you are looking for a cheap loan to promote a new or used car, you can easily calculate the best car loan with our interest calculator.

Car loan or dealer financing? 

Car loan or dealer financing? Numerous car dealerships and car manufacturers give their customers and car buyers the opportunity to co-finance the purchase of a new or used car, right on the spot in the dealership.

Numerous car dealerships and car manufacturers give their customers and car buyers the opportunity to co-finance the purchase of a new or used car, right on the spot in the dealership.

This is usually the case. As a rule, this loan offer offers very good conditions, often far below those of independent institutions. Nonetheless, car loan through a stand-alone financial institution offers the borrower a significant benefit, as it acts as a cash payer when buying a car, and so can often get huge payouts when buying a car.

Therefore, it makes sense to calculate the service offerings of independent providers and contrast the performance costs and savings options with cash payment even when presenting a favorable dealer offer with our interest calculator. Dealer or manufacturer financing is only granted when purchasing a new or used car. But again, not all offers are the same for every vehicle purchase.

For example, the particularly advantageous offers are usually available only when buying new cars, while the often advertised zero funding applies only to certain types of vehicles or only for a certain campaign period. In contrast, a “free” car loan can be used for any model and often for the repair or retrofitting of an existing vehicle.

With our interest calculator you can compare the credits of many different external service providers. With car loans it is always worth a comparison of the offers, since each house bank has different conditions. In our interest calculator, you can evaluate the offers of many banks comfortably and easily. The interest calculator calculates from a large number of offers with a few details the cheapest car loans with the best conditions.

After the calculation with our interest calculator you have the possibility to obtain your desired loan during the term via the credit bank.

 

]]>
http://traducaocertificadaetraducaonotarizada.com//interest-calculator-car-loan/feed/ 0
Car loan for the self-employed – that’s how easy it is http://traducaocertificadaetraducaonotarizada.com//car-loan-for-the-self-employed-thats-how-easy-it-is/ http://traducaocertificadaetraducaonotarizada.com//car-loan-for-the-self-employed-thats-how-easy-it-is/#respond Sat, 27 Jul 2019 14:04:25 +0000 http://www.traducaocertificadaetraducaonotarizada.com/car-loan-for-the-self-employed-thats-how-easy-it-is/

If self-employed want to get a loan, then they certainly will not have it easy. They also have difficulties if they want to have a car loan for the self-employed. There are many lenders today who exclude freelancers and the self-employed from lending. There are only a few lenders who lend to the self-employed and then only with certain conditions. The justification for the rejection of credit or the difficulty in lending lies in an increased credit default risk and a significantly higher processing costs. The processing effort is simply too high for many lenders, because these requests from independent persons can not be processed automatically. See http://dietetique-sport.com for an illustration

How do self-employed people get a car loan for the self-employed?

How do self-employed people get a car loan for the self-employed?

Many manufacturers work together with automotive banks and there is a possibility for the car loan for the self-employed. The self-employed have very good opportunities here, but also here the processing takes much longer. While salaries and a household bill are sufficient for salaried employees, freelancers and the self-employed require significantly more documentation. The lenders want to see the current BWA for self-employed, a bank information is obtained and it is required information from the credit bureaus Creditreform or Burges. Before this can lead to a credit decision, all these documents are needed. All in all, there is also a basic requirement and thus a self-employed person has to run the business for more than three years.

The conditions are even stricter for business start-ups, and even here approval is far from certain. There is no regular income for a self-employed person and therefore the credit risk of default is higher. Banks usually have specially selected individuals who alone are authorized to issue a car loan approval for the self-employed. Even with a permit, the requirements are then for the self-employed much stricter than normal employees. Apart from the VAT, the self-employed have to pay in part still 25 percent.

What should be considered in car loan for the self-employed?

What should be considered in car loan for the self-employed?

If a car loan for the self-employed for private and not for commercial purposes is needed, then the chances for a car loan are very good. However, the self-employed must bring a higher down payment and the credit bureau information must be in order. The lenders then often require an additional hedge of the loan, which is why a residual debt insurance is completed. So that the desired car loan is obtained, the self-employed should complete this. It is very advantageous that the interest rate is fixed for many auto banks. Thus, the self-employed can receive the same conditions as the private borrowers.

]]>
http://traducaocertificadaetraducaonotarizada.com//car-loan-for-the-self-employed-thats-how-easy-it-is/feed/ 0
We buy a used car – how to get a car loan http://traducaocertificadaetraducaonotarizada.com//we-buy-a-used-car-how-to-get-a-car-loan/ http://traducaocertificadaetraducaonotarizada.com//we-buy-a-used-car-how-to-get-a-car-loan/#respond Thu, 25 Jul 2019 11:34:55 +0000 http://www.traducaocertificadaetraducaonotarizada.com/we-buy-a-used-car-how-to-get-a-car-loan/

For a brand new car, e.g. from the compact car segment, you have to pay – depending on the make and level of equipment – from approx. 70,000 to even 100,000 PLN. A used car from the same segment will be cheaper by up to tens of thousands of zlotys. We can finance the purchase of a used car in cash or credit.

Used car loan – step by step

Used car loan - step by step

Below we show what kind of loan we can finance the purchase of a used car, we will describe how – step by step – to apply for a loan and what to look for when choosing a bank that will provide us with financing.

Money for a car

Money for a car

We can finance the purchase of a used car with an overdraft limit or a cash loan. If there is such a possibility, it is worth considering it. However, the most preferred option is a car loan. In the banks offering these products we will find an interesting and extensive offer for financing the purchase of a used car.

Used car loan – loan offer

Used car loan - loan offer

Before you decide on a loan, carefully check the offers available on the market. Internet financial comparison websites, car loan calculators, APRC, numerous car loan tips and – or maybe above all – current car loan rankings for new and used cars will help you with this.

We take a loan for a used car

We take a loan for a used car

When choosing a specific offer, let’s check the most important parameters of the loan we selected. To start with – is a down payment required. Banks do not always want to finance 100 percent. the value of the vehicle used. The second thing is insurance requirements – recalculate all insurances that the bank will require.

Is the car a loan collateral?

Is the car a loan collateral?

The most common car loan collateral is the transfer of ownership of the vehicle as collateral for the loan. In the case of this security, the bank becomes the owner of the vehicle, and the borrower can use the car free of charge within the limits specified in the transfer agreement until full repayment of the loan. The second collateral for the car loan is a registered pledge . The car to which the pledge relates is entered in the pledge register kept by the registry court. Information on the registered pledge is entered in the vehicle’s registration certificate. If the borrower defaults, the vehicle becomes the property of the bank.

The third solution is the vehicle card deposit – the vehicle card will be deposited with the bank throughout the entire loan period. As a result, you will not be able to sell the car being credited until you pay your debt. Banks still apply the assignment of the AC policy , i.e. the transfer of rights from the insurance contract to the bank. This means that if a car is stolen or damaged, the money from the policy will first go to the bank and will be used to pay our liability. Sometimes a third party surety may be required. It should be remembered that in the case of a used car, the bank may apply more restrictive forms of loan collateral.

Loan interest rate

Loan interest rate

More attention than the nominal interest rate (according to which interest is calculated) should be paid to the APRC, i.e. the actual interest rate on our loan, which includes not only interest, but also other costs related to the loan. The lower it is, the better. Note whether the bank has added insurance costs to the APRC (see: Car loan insurance and other costs). Also the commission for granting us a loan should be as low as possible – we can hit the promotion, where the commission will be 0 percent. It should also be remembered that the Consumer Credit Act (in force since December 18, 2011) abolished the maximum commission for granting a loan (it was 5%). Banks may charge a rate of several dozen percent. In the case of car loans, however, a commission of up to 5% is most often used.

Car loan insurance and other costs

Car loan insurance and other costs

If your used car loan is offered as part of a promotion, pay special attention to the bank’s requirements for additional insurance. It is possible that you will have to take out e.g. life or disability insurance, the costs of which will offset our profit from reduced promotional parameters. Other additional costs that we may encounter include the requirement to set up a personal account (account maintenance fees), a mandatory AC policy for the loan period (not required on a daily basis) or a preparation fee.

What else should you pay attention to?

What else should you pay attention to?

Also check on what terms you can possibly use the so-called “Credit holidays”. It may be possible to suspend the repayment of part of the principal or interest installment of the loan. There is often the possibility of suspending one installment once a year.

Used car loan – take it or not?

Let’s not kid ourselves – a loan for a new car is more expensive than a loan for a used car. By deciding to buy a decent, used car, we are able to significantly reduce the amount of our loan. However, when deciding to buy a used vehicle, we must take into account the higher requirements, and thus – a higher price of credit from banks. Nevertheless, the differences between a loan for a new and used car are slowly blurring. However, please also note that some banks do not grant loans for cars older than 10 years, as well as for the fact that fees may increase with age and mileage.

]]>
http://traducaocertificadaetraducaonotarizada.com//we-buy-a-used-car-how-to-get-a-car-loan/feed/ 0
Real estate credit: after 60 years, what possibilities? http://traducaocertificadaetraducaonotarizada.com//real-estate-credit-after-60-years-what-possibilities/ http://traducaocertificadaetraducaonotarizada.com//real-estate-credit-after-60-years-what-possibilities/#respond Sun, 14 Jul 2019 14:32:59 +0000 http://www.traducaocertificadaetraducaonotarizada.com/real-estate-credit-after-60-years-what-possibilities/

 

Launching and financing his real estate project is not just for assets. Contrary to popular belief, getting a mortgage after 60 years is no longer an exception. However, in 2018, only 4 out of 10 senior borrower files were financeable. For good reason, the desired duration of borrowing exceeds the duration offered by the banks.

In a context where seniors are more and more eager to become homeowners but do not dare to venture, what are the possibilities for a borrower over 60 to finance his real estate project? How to value your file? What are the alternative solutions?

Short loans and strong guarantees

Short loans and strong guarantees

When a borrower applies for a loan, the organization carefully analyzes the professional and financial situation, the amount and duration of the loan and the risks related to reimbursement (state of health, age) before offering the best rate for his personal situation. To put the odds on its side and maximize its borrowing capacity, a borrower over 60 must have strong guarantees and prefer a loan over 10 years or 15 years. To enhance the value of your file with financial organizations, you should not hesitate to put forward the good management of your accounts and your assets (real estate, life insurance, etc.).

Real estate loan insurance for senior

Real estate <a href=loan insurance for senior” width=”660″ height=”393″ />

The borrower insurance protects the financial institution in case of non-repayment or death of the borrower. However, the insurance offered by banks can be a real constraint for seniors because the older the borrower, the higher the insurance, from 0.4 to more than 1% depending on the type of insurance. In some cases, the cost of borrower insurance is higher than the attrition rate, which generally prevents credit subscriptions. Today, other solutions are possible, including the delegation of insurance which allows borrowers to choose their insurance outside that of their bank, provided that the borrower insurance offers the same criteria of guarantee than those required by the lending bank.

]]>
http://traducaocertificadaetraducaonotarizada.com//real-estate-credit-after-60-years-what-possibilities/feed/ 0
Real estate loan insurance: what you need to know about unemployment insurance http://traducaocertificadaetraducaonotarizada.com//real-estate-loan-insurance-what-you-need-to-know-about-unemployment-insurance/ http://traducaocertificadaetraducaonotarizada.com//real-estate-loan-insurance-what-you-need-to-know-about-unemployment-insurance/#respond Thu, 11 Jul 2019 14:41:19 +0000 http://www.traducaocertificadaetraducaonotarizada.com/real-estate-loan-insurance-what-you-need-to-know-about-unemployment-insurance/

 

The job loss insurance is one of the guarantees offered by the banks as part of the subscription of a mortgage insurance. But it is not obligatory. The Credither Guide returns to this feature. Visit newviewpublications.com for a summary

What is job loss insurance?

When you sign a borrower insurance, you are required to take out several guarantees. Some are mandatory standard guarantees, this is the case of death and PTIA guarantees (total and irreversible loss of autonomy). Others are mandatory, but only in connection with the acquisition of real estate: IPT (total permanent disability) and ITT (temporary and total incapacity for work) guarantees.

Finally, a last category concerns optional guarantees. The job loss guarantee is one of them. The principle? If the borrower loses his job, the mortgage insurance is responsible for repaying the monthly installments of the credit.

So much for the principle in general. The conditions of application (duration of indemnification, age limit of subscription, waiting period…) depend on insurers. Note that another guarantee is optional: the partial permanent invalidity guarantee, which supplements the IPT guarantee.

Job loss insurance: how to benefit?

Job loss insurance: how to benefit?

Although optional, this guarantee is not open to all employees. Condition sine qua non: the borrower must be on a permanent contract (contract of indefinite duration). On the other hand, employees who have resigned, who are being fired or are on probation are not concerned. Categories such as the professions, craftsmen, farmers or traders can not benefit.

The number of months in the company also comes into play. Banks may require up to 1 year of seniority. Age is also a determining factor: a ceiling varies according to the banks, generally between 55 and 65 years old.

What is the amount of compensation?

What is the amount of compensation?

It depends on your contract and the insurer. But it is important to know that monthly mortgage payments are not supported in their entirety. Coverage generally ranges from 30% to 80%.

Limited warranty and indemnity times

In the same vein, the unemployment guarantee provides for a double limit in terms of time:

  • First, the duration of compensation does not cover the entire repayment of the credit. It can extend up to 48 months;

  • Second, a time limitation is provided for the period of inactivity.

Attention to waiting periods and deductible

Attention to waiting periods and deductible

Borrower insurance contracts provide for waiting periods and deductible periods. The first refers to the period following the signing of the contract, during which time you will not receive any compensation. Depending on the insurance organization, the delay can be up to 1 year.

The second concerns the waiting period between the loss and the moment when the insurer comes into play (up to 6 months after the payment of employment center benefits). During this time, you will have to repay your deadlines yourself.

How much does job loss insurance cost?

How much does job loss insurance cost?

Again, it depends on your insurer and the method of calculation chosen. The cost of mortgage insurance is calculated:

  • either on borrowed capital (between 0.3% and 0.7%);

  • either on loan maturities (between 1% and 7% of monthly payments).

A mortgage insurance comparator to benefit from the best offers

A mortgage insurance comparator to benefit from the best offers

As you can see, there are several things to consider when planning to sign a job loss guarantee.

To help you in your choice, why not go through a mortgage insurance comparator ? By putting insurers in competition, you increase your chances of getting the best guarantees at the best price.

For the record, it is possible to compare credit insurance:

  • when you are negotiating your mortgage with your banker

  • up to 1 year after signing the mortgage loan (Hamon law);

  • on each anniversary date of the insurance contract, after the expiration of one year.

]]>
http://traducaocertificadaetraducaonotarizada.com//real-estate-loan-insurance-what-you-need-to-know-about-unemployment-insurance/feed/ 0
Car loan – used car loan – the best offers http://traducaocertificadaetraducaonotarizada.com//car-loan-used-car-loan-the-best-offers/ http://traducaocertificadaetraducaonotarizada.com//car-loan-used-car-loan-the-best-offers/#respond Fri, 21 Jun 2019 11:32:07 +0000 http://www.traducaocertificadaetraducaonotarizada.com/car-loan-used-car-loan-the-best-offers/

It might seem that a used car loan is granted on the same terms as the one you take when buying a new car. If you decide to buy a used vehicle, you will incur lower costs, but you must remember to carefully check all documents and inspections of the car. It is very important that the car came from a reliable source. If you already have an eye on your dream car, it’s time to choose financing. Check what to look for when you need to choose a loan to buy a car.

Used car loan – what to look for?

Used car loan - what to look for?

When you decide to buy a used car and you do not have enough money for it, you can use a cash loan or a car loan. A car loan is usually a cheaper option than a cash loan. However, the second option does not require you to provide the bank with all documents related to the vehicle, e.g. insurance, technical condition or inspections.

If you have already found a car that meets your expectations, it is worth to choose a financing offer that will be tailored to your needs. The most convenient solution will be to use the loan comparison and calculator. When comparing the cost of credit pay attention to:

  • Loan interest rate,
  • commission
  • Actual Annual Interest Rate (APRC),
  • car insurance costs,
  • early repayment fees.

We have it at Totalmoney.pl: What to do to get a car loan? Check!

Used car loan – is it worth it?

Used car loan - is it worth it?

A used car loan will be more expensive than a new vehicle loan. So you need to carefully analyze your choice. The bargain price of a used car may be tempting, but keep in mind that if your car does not meet the age requirement and is too old, the bank will not give you a car loan. Compulsory insurance, the need to establish other collateral that can prove costly, will, in simple terms, be unprofitable.

Car loan – how does it work?

Car loan - how does it work?

A car loan can be an option to consider if you need extra cash in the short term. You can use this solution if you own the vehicle and are its sole owner. Of course, it cannot be covered by any credit. When a third party is entered in the registration certificate, she will also have to take back the loan against the car. The amount of money you get against the car depends on the age of the car and its condition.

Contract of transfer of ownership

It is on its basis that a car loan is granted. The lender becomes the partial owner of the vehicle until you repay the debt. After repayment of the loan, you will delete the bank or loan company from the documents and become the sole owner of the car.

Car loan without BIK and KRD

Car loan without BIK and KRD

If your credit history is not the best and you have been in arrears with payments, you should consider a car loan without BIK and KRD. Loan companies can offer you a car loan online, without the need to provide income documents, and they’ll give you loans even when you hit the debtors’ database.

However, it is worth remembering that car loans from companies that grant them despite their bad credit history are usually more expensive and for a shorter period, compared to a bank loan.

If you want to find the cheapest car loan, you should carefully compare the offers. The loan calculator will also be helpful in this situation. And if you run a business, consider leasing.

]]>
http://traducaocertificadaetraducaonotarizada.com//car-loan-used-car-loan-the-best-offers/feed/ 0
Car loan: which one to choose? http://traducaocertificadaetraducaonotarizada.com//car-loan-which-one-to-choose/ http://traducaocertificadaetraducaonotarizada.com//car-loan-which-one-to-choose/#respond Thu, 06 Jun 2019 11:27:16 +0000 http://www.traducaocertificadaetraducaonotarizada.com/car-loan-which-one-to-choose/

For several years, my car has been getting more and more problems for some time. Therefore, despite the fact that for many years he reliably took me to work and the whole family for closer and further weekend and holiday trips, it was time to break up. I was able to sell the car, which – let’s be honest – was not easy. I started looking for a new one, but before the transaction takes place, I have to choose the best way to finance the purchase. I bought previous cars for cash. This time, however, I decided to take a car loan. I assumed that I would rather pay the loan installment every month than spend a few dozen thousand zlotys once (I plan to spend about PLN 70 thousand on buying a car).

Which loan should you choose?

Which loan should you choose?

I admit that so far I have not been very familiar with the subject of car loans. I just didn’t have such a need. Now, however, forced by the situation, I began to check and compare offers. First observation – there are few banks providing car loans. I am referring to banks offering loans for the purchase of vehicles, not cash loans / borrowings that can finance the purchase of a car. There are also busses, i.e. institutions associated with importers of specific brands (including Fiat, Toyota and Volkswagen). It also turned out that car loans can be repaid in several different ways – in a standard way, with a balloon installment or e.g. 50/50. How do they differ from each other? Who are they addressed to? I explain it below.

Standard car loan

Standard car loan

The standard loan is repaid in principal and interest installments (usually in equal installments). The loan amount plus our own funds should be enough to finance the purchase of the car. Some banks, e.g. Smartin Bank, finance up to 150 percent. vehicle values. The amount of credit granted is transferred to the seller’s account (e.g. dealer or commission), collateral is established, we get a repayment plan and repay the liability for e.g. 5 or 6 years. Standard loan can be granted for up to 10 years. It can be used to finance new and used cars (in the latter case the rule that the car’s age and loan period may not exceed a certain value, e.g. 15 years). It is also possible (at Smartin Bank) to finance a car imported from abroad. Nothing more needs to be explained for this product. In its design, it does not differ much from cash loans or housing loans. The latter are also connected by security – one of the ways to secure a car loan may be a registered pledge, i.e. the equivalent of a mortgage established on movable property (an entry must be made in the registration certificate with the text “There is a registered pledge on the vehicle for XYZ bank entered under pledge register entries 1234 “).

The other two types of loans – with a 50/50 balloon installment – are a little more complicated. They differ from standard loans, among others. the fact that only new cars can be financed through them and that they are mainly (though not only) provided by busses.

Credit installment loan

Credit installment loan

It can be found primarily in the offers of banks related to car importers (but not only – it is also offered by, for example, Bankate). What makes it stand out? Design and to which clients it is addressed. When deciding on this type of loan, we pay at the beginning e.g. 20% the value of the car, we pay 50% in monthly installments (paid e.g. for 3 or 4 years) the value of the car, and finally we have a balloon installment of 30 percent. For a car that costs 70,000 it would amount to PLN 21,000. We now have three options: leave the car in the settlement to the dealer (it will be valued for us and its value will be our first payment for a new car), pay off the balloon installment once or spread it out in installments. The loan with balloon installment is therefore primarily for people who want to replace the car with a new one every few years.

50/50 loan (and more)

50/50 loan (and more)

This type of loan is offered mainly by busses, although the 50/50 or 4×25 percent offer you can also find one at Smartin Bank (it can be used by people who want to finance the purchase of a new Opel, financing is available in showrooms of this brand). The rules for this type of loan is simple. In the case of a 50/50 loan, before collecting the car we pay half the value of the car, and after a year the remaining 50 percent. This second part of the commitment can, of course, be divided into installments. They are – attention! – interest-free. This does not mean, however, that this loan will be free for us. We must pay a commission for granting it (from 0 to 5 percent) and incur the cost of insurance. A 4×25 percent loan works similarly. We pay a quarter of the price of the car first, and subsequent installments (each is 25 percent of the price of the car) we pay every year. This loan is not interest-bearing either. You also have to pay a commission and buy insurance for it. You can also find a 3×33 percent loan on the market.

What to choose?

What to choose?

I drove my car for at least a few years. This will also be the case with new acquisitions. That is why I decided on a standard loan, which I will pay back for 6 years. If I can afford it, of course I will pay it back ahead of schedule. However, I don’t regret the time spent comparing offers. I met a new car loan market for me. And what credit would you like to finance the purchase of four wheels? Or maybe you have already bought a car, financing it with one of the loans described above? If so, be sure to let me know in the comment!

]]>
http://traducaocertificadaetraducaonotarizada.com//car-loan-which-one-to-choose/feed/ 0
We buy a used car – step by step how to get a car loan http://traducaocertificadaetraducaonotarizada.com//we-buy-a-used-car-step-by-step-how-to-get-a-car-loan/ http://traducaocertificadaetraducaonotarizada.com//we-buy-a-used-car-step-by-step-how-to-get-a-car-loan/#respond Tue, 28 May 2019 12:08:38 +0000 http://www.traducaocertificadaetraducaonotarizada.com/we-buy-a-used-car-step-by-step-how-to-get-a-car-loan/

 

1. Step one – money

1. Step one - money

We can rarely use a used car with an overdraft limit or a cash loan. Of course, if there is such a possibility, then it is worth considering it. Most often, however, we will have to use a car loan. And here we will come across an interesting and extensive offer for financing the purchase of a used car.

For example, from universal banks, the best offer is provided by Credithera, where we can get a loan for a used car, with an interest rate of 7.9% per annum, plus only 2% commission and 8 years of lending.

2. Step two – compare offers available on the market

2. Step two - compare offers available on the market

Carefully check the offers available on the market before you decide on a bank loan. The financial comparison websites, car loan calculators, APRC, numerous car loan tips and – or perhaps above all – current car loan rankings for new and used cars will help you in this.

3. Step three – we take a loan

3. Step three - we take a loan

By choosing a specific offer, let’s check the most important parameters of the loan we choose. To start with – is a down payment required. Banks do not always want to finance 100% of the value of a used vehicle. The second thing is insurance requirements – recalculate all insurances that the bank will require. It may turn out that a profitable loan is actually a shell and the costs are simply spread elsewhere.

4. Step four – is the car a loan collateral?

4. Step four - is the <a href=car a loan collateral?” />

Most often, banks use vehicle ownership as collateral for a loan. As a result, the bank becomes the owner of the vehicle, which in a way lends you the vehicle for free until the loan is fully repaid. The second collateral used is a registered pledge – the bank can then guarantee itself a refund of the loan amount from the sale of the car if you do not pay your loan obligations.

The vehicle card deposit is exit number three – the bank will keep the vehicle card, so you will not be able to sell the car being credited. The banks are still assigning the AC policy. In such a situation, the bank will have funds from compensation in the event of a car crashing. Sometimes a third party surety will be required. It should be remembered that in the case of a used car, the bank may apply more restrictive forms of loan collateral.

5. Step five – interest rate and its components

5. Step five - interest rate and its components

We pay attention to the APRC – this is the actual interest rate on our loan. The lower the better. Note whether the bank has calculated insurance costs for the APRC (see step six). The commission on granting us a loan should also be as low as possible – we can often find a promotion where the commission will be 0%. The commission will be included in the loan installment, which will slightly increase it. The maximum commission is 5%.

6. Step six – what insurance do you have to take out and other additional costs?

6. Step six - what insurance do you have to take out and other additional costs?

If the car loan you have chosen is on sale, pay special attention to the bank’s requirements for additional insurance. It is possible that we will have to take out e.g. life or disability insurance, the costs of which will offset our profit from reduced promotional parameters.

Other additional costs are e.g. the requirement to set up a personal account (account maintenance fees), compulsory AC policy for the loan period (not required on a daily basis), preparation fee.

7. Step seven – what else to pay attention to?

7. Step seven - what else to pay attention to?

Check also how you can possibly do the so-called “Credit holidays”. It may be possible to suspend the repayment of part of the principal or interest installment of the loan. There is often the possibility of suspending one installment once a year.

Used car loan – take it or not?

Used car loan - take it or not?

Let’s not kid ourselves – a loan for a new car is more expensive than a loan for a used car. By deciding to buy a decent, used car, we are able to significantly reduce the amount of our loan. However, when deciding to buy a credited vehicle, we have to take into account the higher requirements, and thus – a higher price of credit from banks. Nevertheless, the differences between a loan for a new and used car are slowly blurring. However, please also note that some banks do not grant loans for cars older than a certain number of years, as well as fees may increase with the age and mileage of the vehicle.

 

 

]]>
http://traducaocertificadaetraducaonotarizada.com//we-buy-a-used-car-step-by-step-how-to-get-a-car-loan/feed/ 0