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Are you considering buying a car abroad?

If you are dreaming and buying a sports car, SUV or other exclusive car, you will find an incomparably wider range in Germany. And thanks to greater competition, these cars are also cheaper. You can save more than CZK 100,000 on luxury models compared to buying in the Czech Republic.

Buying a car in Germany is better equipment

Buying a car in Germany is better equipment

Another advantage of buying a car in Germany is better equipment. The Germans are used to pay extra for extra gadgets, but even the basic equipment is at a higher level. So for the same price you bring a car with heated seats, a camera system or a display on the back of the front seats.

Before you buy a car, it is thoughtful to reserve it ahead of time

Before you buy a car, it is thoughtful to reserve it ahead of time

So when you go for your dream car, you have to think about a few important things:

Beware of twisted speedometers

In this respect, the German market is no better than the Czech market. According to the German car club, the mileage is adjusted by up to a third of cars.

Keep your emotions at bay

Do you want to take your pet home as soon as possible? Keep your head cool or repay your earnings. Do not succumb to the feeling that when you go so far, you just have to buy something. You don’t have to. Not at all.

Read the contracts

f you don’t speak German, take someone who does. It pays off. The legal enforceability of guarantees and complaints is very complicated and in the case of a badly written contract double.

Check the merchant

Some sellers will allow Czech customers what they would never try for the Germans and will want to take advantage of your uncertainty and linguistic ignorance. Make sure you buy from a reputable dealer. You don’t have to worry about reputable dealers, but you pay extra.

No longer have to pay VAT

No longer have to pay VAT

When you buy a new car, you pay VAT in the country where you register the car, ie in the Czech Republic. For used cars from professional dealers, you pay VAT in the country where you buy the car. In the Czech Republic you no longer have to pay VAT. Think of the registration fees. How much and what you pay for, read the infographics:

Transport of the vehicle

Transport of the vehicle

If you are transporting the car yourself (sitting behind the wheel), you must obtain motor third-party liability insurance and transfer license plates. This does not apply if you tow or transport the car otherwise.

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Repayment of a loan

Credits save you money through early repayment. The loan is repaid in monthly installments, the amount of which depends on the loan amount, the term and the individual interest rate. This list can be used to determine the maximum amount available to you for the repayment of a loan on a monthly basis. If the loan is to be repaid before the contract expires, the maximum amount to be paid must be set to protect your family with a residual credit insurance:

Limits of loan financing

Limits of loan financing 

It’s about how a lender invests its capital and how the borrower receives money from others. For both, a balance must be struck between the desire for profit and the associated risk potential. In this context, the term “loan financing limits” is used to express the orientation of the work on this problem of equilibrium; because we were not only concerned with the description of the financing process itself, its procedures and forms, but with the description of the boundary between yield and risk.

However, such a border is an abstract border. Indeed, there are certain motivations and facts that need to be considered by lenders and borrowers. Above all, we wanted to demonstrate how the economically rational comes to life in practice without losing sight of reality; on the other hand, the desire to come to concepts and orders by means of ablation came to the fore.

For us, the problem of theoretical methodology is that reality must be withdrawn without being allowed to withdraw from it.

Pro rata discount on early repayment of a loan

Pro rata discount on early repayment of a loan

Dear Shareholders, On January 31, 2002, I took out a loan agreement via a municipal savings bank as part of the Intrasavings bank SME program. EUR 96,000 million of the loan amount was distributed. Under the terms of the agreement, on 30 December 2010, under timely notice, I repaid 100 percent of that amount prematurely. Section 2.2 of the loan agreement states: “A discount (deduction of the nominal amount of the loan) of 4,000% will be charged.

This includes a credit risk premium of 2,000% for the right to extraordinary repayment of the loan. The deduction can in principle be offset against the loan payment. In the event of early repayment of the loan, the risk premium will not be refunded, even in part. The same applies to the total amount if its repayment is not made in accordance with the regulations of the development agency.

“In the loan agreement entitled” Intrasavings bank General Conditions for Investment Loans – Private Borrowers “, p. 1, point 5, states:” The ultimate borrower has the right to withdraw the loan in whole or in part at any time, subject to a period of 20 bank working days to pay in full or in part to the principal bank for early repayment. If the loan is deducted from the nominal amount of the loan, this is required to cover the commercial bank’s lending costs in accordance with the loan agreement.

The expenses result from a corresponding deduction item in the distribution of the refinancing loan by Intrasavings bank, which was used to cover Intrasavings bank’s expenses for the settlement of the loan and the raising of funds as well as the repayment claim to the loan granted to the borrower and the central bank (risk premium). These deductions include no-claims fees and will not be refunded if the loan is repaid early.

“I have noted that the Dissagio after the decision of the Federal Supreme Court (BGH II ZR 158/97 v. 27.01.1998) at the agreed termination and repayment of a loan is repayable proportionately My question: I want the discount and the risk premium proportionally be reimbursed by the Rattsparkasse?

Make your request now and receive a legally binding response from a lawyer. I would like to respond to your question, taking into account your description of the facts and your commitment, as follows: The question of repaying a discount on a premature termination of a loan agreement distinguishes between state-subsidized and non-subsidized loans.

In principle, the following applies: a) According to the permanent case law of the BGH, a discount is generally to be regarded as an advance on a part of the interest (BGH, decision of 08.10.1996, ref .: XI ZR 283/95) – irrespective of whether a part is shown as a risk premium or processing fee. a) However, if advance payments are made, this is not due to the premature termination of the loan agreement and the prepaid interest expense can be reclaimed as unlawful enrichment (§ 812 BGB) (BGH in the aforementioned judgment).

This is due to the fact that this interest expense is calculated for the entire duration, but by the termination a part of the duration is no longer valid. The achievable part is based on the quotient of contract duration and actual shortened duration (eg 10000 discount for a period of 10 years and termination after 5 years = reclaim claim of 5000?).

c) The provision in the loan agreement, which excludes the use of the discount, is essentially ineffective according to the applicable legislation, as it discriminates against the borrower unreasonably (OLG Hamm, WM 97, 2168). In the case of state-subsidized loans, however, something else should come into play. In the opinion of the Federal Court of Justice, the discount is not shown in the interest and interest rates, but results from the guidelines for the granting of public subsidies.

Neither the house bank nor the borrower therefore had a significant influence on the design of the discount (BGH WM 1992, 1058). It can not therefore be argued here that the legal basis for the prepaid part of the interest payments has expired upon termination of the contract and thus a repayment claim under § 812 BGB exists.

The reason for this is that the payments are not interest payments but one time payments that are indefinite. However, a loan submitted through Intrasavings bank’s in-house commercial bank may at first glance be considered a state subsidized loan. However, it should be noted that the SNB must demonstrate and demonstrate that the loan is supported by the public sector.

These include the obligation to conclude that the loan was low-interest and had no scope for discounting (Düsseldorf Higher Regional Court, ZIP 2007, 1748). In this context, I recommend that the house bank explain the extent to which the discount is not part of the interest with reference to the current legislation.

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Increase in demand for loans in the SME sector

From January to March, the demand for loans reported by small and medium enterprises increased by 24% and 16% respectively. Such conclusions result from GHL research conducted in cooperation with 25 banks, whose total share of claims on enterprises and households in the banking sector portfolio is about 86%.

– GHL data is the best evidence that Polish entrepreneurs are convinced that external financing can be used to achieve their own business goals – says Mark Dule, a financial advisor working with companies.

Credit policy has encouraged

Credit policy has encouraged

One of the factors determining the popularity of loans among small and medium-sized enterprises was the relatively stable policy of banks. As expected from the previous quarter, the terms of cooperation in this regard did not change significantly in the first months of the year.

– Security of financing conditions is crucial in making this type of decision. Regardless of whether they are people who have been using such products for many years or just want to develop their business – says Mark Dule.

It is true that some financial institutions admitted that during this period they increased the margins for higher-risk loans and increased non-interest loan costs, but these changes resulted from worrying analyzes of the situation of the largest borrowers – mainly from the mining sector and concerned rather large enterprises.

Development is the greatest motivation

Development is the greatest motivation

The stability of lending rules coincided with a greater demand from companies for financing inventory and working capital. Does this mean that smaller companies will be convinced to use banking services?

We would like to remind you that currently only 25% of micro companies (employing up to 10 employees) use external financing (according to the Pekao SA report). When we look at the data of small businesses, 50% of them declare taking loans.

If the announcements of the GHL data declarations come true and in the second and third quarters the banks relax the lending policy for SMEs, the number of micro and small companies that are tempted to support the bank may increase, says Mark Dule.

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Documents needed for taking payday loans

ID card for payday loans

ID card for payday loans

The name itself indicates that you will need an ID card to complete the loan form. The most important data that we should accurately write down from the proof is the number and its series as well as our pesel number. Do not try to supplement this data from memory, just a small mistake is enough to reject our application.

An active cell phone

An active cell phone

Providing the correct phone number is necessary because many loan companies contact us by phone in case of any doubts or finding an error in the application. Let’s receive calls from numbers unknown to us, especially when we are waiting for a loan decision.

Email address in the loan application

Email address in the loan application

The application should include the e-mail address to which we remember the password. Some loan companies, including MatciCash or MiniCredit, first require new customers to register on the site. After completing the short form, an email with a link is sent to us, which you can click to complete the loan application.

Online bank account

Online bank account

Most non-bank institutions, in order to confirm the accuracy of the data provided in the application, ask us to perform a verification transfer, in such cases access to an online account is not a requirement. There are also companies on the market that have other ways to confirm data. Among such ways we can distinguish Eicredit and its “connect account”, which is part of the loan application. This means that when filling out the online loan application, we connect to our account via an encrypted connection. Thanks to this, the loan company can compare data even when our account is completely empty. For this, however, you must have online account access.

The five elements mentioned above are necessary to correctly complete the application for a quick internet payday loan. Loan companies have different processes of granting funds, however, most of them are guided primarily by the security of both their own and their clients, so they thoroughly verify the completed data. We should remember to fill each loan application in focus and check the correctness of the completed fields.

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Broker buying back credit and pooling loans

Broker in credit buyback and credit consolidation

The credit and loan consolidation broker is an expert who allows you to buy back your debts through a bank with which he is in contact.

Real estate loans and consumer loans represent amounts of monthly payments that can seriously complicate the end of the month. The repurchase of the credits in their entirety can be regrouped in one and the same credit, after checking the opportunity of such a banking operation. In principle, the one and only monthly payment will be drastically reduced in order to lighten the household budget.

Broker Redeeming real estate loans

loan

First of all the home loan credit redemption is the simplest bank transaction. The bank buys back the borrower’s debt by repaying the advance loan in the competing lender. Once the transaction has been completed, the total cost will be transferred to a new real estate loan that retains the same object to be financed by updating the financing conditions. It is not uncommon for the transaction to be the operation to be beneficial in the rate. Indeed, the fall in rates is such that substantial savings are realized on this occasion.

Broker Regroupement of credits

credit

The loan pooling broker is studying the possibility of prepaying a series of loans for financing purposes. He can turn to a personal loan or a consumer credit plus home loans or even professional loans. The primary goal will be to increase repayment capacity to the borrower who does not live well before all these monthly payments of another time.

Before embarking on the new money loans, the broker will make the redemption simulation in order to restore the purchasing power of a share by reducing the amount of the new and unique monthly payment adapted to your current project.

Real estate loan buyouts are offered to banking partners who specialize in this technique. The broker does not lose sight of getting the best rates, which must be specified in recent times are not a problem given the steady decline in rates.

In general, consumer credit is often cited as a target for household debt. Indeed, the amounts of these consumer loans are not very important a priori, but also of short duration, thus increasing the household expenses.

Household debt distress

debt

The concern with these additional credits strains the budget for relative capital after all. these credits are distributed by the merchant at the same time as the household appliances very often. Also the financial situation can not be observed in more detail. The loan offer is in all respects compliant, yet is it adapted to your situation. Applying to a broker is not essential, but in this situation when the debt ratio flirts with the 40% the advice becomes a recommendation.

Very often the broker analyzes the first conso credits that serve just to see a little everything, including the loan work because of its simplicity. The repurchase case aims at the repayment of the credits, by carrying out banking operations with the banking partners specialized in this kind of transactions.

Find a loan buyback broker and grouping

loan

The peculiarity of this credit consolidation operation lies in the application of the SCRIVENER law 1 and 2. There can be no question of missing this transaction by an excess of optimism. Also, do not be offended that the broker asks you your payslips, your last three months of account statements, he insists on your personal data, on your family situation and of course the household expenses.

The broker will be vigilant about the causes of this debt. The banking operation must succeed and in no way worsen your new situation.

A broker advises you for free and no money can be requested before the release of the loans.

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Loan Insurance: The French know the device

Who said that the French were badly informed about loan insurance? A recent study led by TNS-Sofres on behalf of the French Banking Federation (FBF) in any case bends the neck to this idea. The proof in figures: 83.5% of respondents state that they know the principle of the credit insurance and the interest it presents.

The law is also not an unknown for households.

The law is also not an unknown for households.

Introduced in 2010, this scheme allows borrowers to choose a credit insurance other than that offered by the lender (this is referred to as insurance delegation). An alternative known by 85.5% of households that have taken out a credit from 2010. This proportion drops slightly to 84.5% for those who consider a loan within six months.

And to the question of how households are informed, the majority of them respond via banks or their relatives (34% both), in front of the press (31%).

The majority of borrowers accept the offer of their bank

The majority of borrowers accept the offer of their bank

Despite this degree of information on the subject, the French do not seem to plebiscite the delegation of insurance. Since 2010, only 37% have tried to negotiate another insurance-borrower. An approach that they perform, moreover, very early in their project (52% at the beginning of their real estate research, 43% before the loan signature).” This allows them not to encounter difficulties in terms of time,” says the FBF.

Mechanically, from the moment a minority of borrowers take the steps for the delegation of insurance, it is logical that the subscription of this type of contract does not meet, either, a great success. The proportion of borrowers who opted for the insurance delegation – in 8 out of 10 cases, for price reasons – drops to 21%.

They are 79% to have accepted the insurance offer of their banker. The reasons given? The borrower’s confidence in his banker, the” quality of products offered [which] is better”, the simplicity of the approach and” competitive rates”.

For the FBF, the CMO’s findings coincide with those of the Inspectorate-General for Finance (IGF), published in November 2013, which recognized” the effectiveness of the French insurance-borrower model”. Understanding:” opening the door to a cancellation in the months following the subscription of the mortgage or an annual termination would endanger an open, competitive and efficient system, which today benefits the greatest number of borrowers”. A reference to the law, now debated in the Senate, which could authorize borrowers to terminate their insurance contract after one year.

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Ways of securing consumer credit

In the vast majority of cases, banks do not expect collateral for consumer credit. However, it may happen that in a given case they decide to apply security. So the question arises what are the currently used methods of securing consumer credit. What can banks have today in this case?

Guarantee

Guarantee

Currently, the most frequently chosen method of securing consumer credit. This type of collateral is chosen by banks when the borrower does not have high creditworthiness. In the case of a surety, a third party agrees to repay the liability when the borrower stops doing so.

Credit insurance

Credit insurance

In this case, part of the risk associated with the repayment of the loan is taken over by the insurance company. If the insurance premiums are paid regularly, the insurer takes over the obligation to pay the bank if the loan is difficult to pay. Without a doubt, this is a very good form of consumer credit insurance that really gets charged.

Bill of exchange

Bill of exchange

It is nothing else but a kind of promise that a certain amount will be repaid on the given date. In the case of collateral for a loan, the promissory note has a blank form. The amount of space remains empty. The bank enters it itself, depending on the outstanding debt.

Bail

Bail

The contract specifies the amount to be paid to the bank. If we do not pay our debts on time, the deposit will be taken over by the bank to cover the liability. In the case of repayment of subsequent installments on time, the deposit will be returned to us after the end of the loan period. Many specialists emphasize that this is a really good way to secure the loan.

These ways of securing credit for consumer loans are not used very often. This does not mean, however, that there is no bank that decides not to use collateral. After all, banks are doing everything to defend their interests as well as possible. And security is just one way.